₹9.77 Crores | Listing at BSE, NSE | Mon, Nov 22, 2021 - Mon, Dec 6, 2021
Bharat Gears Limited Rights Issue comprises 0.0931 Cr equity shares aggregating to ₹9.77 Cr, offered at an issue price of ₹105 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Oct 29, 2021.
As per the terms of payment, ₹105 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 20, 2021.
The Rights Issue opens on Nov 22, 2021, and closes on Dec 6, 2021, with renunciation of Rights Entitlements permitted up to Dec 2, 2021.
The deemed date of allotment is Dec 16, 2021, following which the equity shares are expected to be credited to demat accounts on Dec 20, 2021 and listed on NSE and BSE on Dec 21, 2021.
Keynote Financial Services Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Bharat Gears Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Oct 29, 2021
Entitlement Ratio
:
Open Date
Mon, Nov 22, 2021
Close Date
Mon, Dec 6, 2021
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 3,836.31 | 3,741.40 | |
| Total Income | 5,043.96 | 4,679.95 | |
| Profit After Tax | -77.00 | -187.77 | |
Incorporated in the year 1971, Bharat Gears Ltd. is one of the most reputed companies in gears technology and one of the largest gear manufacturers in India. The company is engaged in the manufacturing of a wide range of ring gears and pinions, transmission gears and shafts, differential gears, gearboxes majorly for the automotive industry. The company's manufacturing business can be broadly categorized into 3 segments: Gears, Automotive Components and Furnaces.
India being the primary market, the company is also growing its exports to North America, the European market, and some other countries. Bharat Gear's customer list includes some of the prominent players in the domestic automobile industry and some key players in the international markets in the tractors, trucks, construction equipment, buses, and utility vehicle segments. Company's business operations and products primarily cater to the B2B segment.
The Proceeds from the Issue will be utilized towards funding of the following objects:
[Dilip Davda] The company suffered setbacks in line with general market trends for the automotive segment for FY20 and FY21. It is back on track as it appears from the H1 of FY22 results. The offer price appears reasonable based on its latest financial data. Investors may consider an investment with a medium to long term perspective in this known player in automotive gear segment. Read detail review...
Bharat Gears Limited
20 K.M. Mathura Road,
P.O. Amar Nagar,
Faridabad - 121 003, Haryana
Faridabad, Haryana, 121003
The Bharat Gears Rights Issue opens on Mon, Nov 22, 2021, and closes on Mon, Dec 6, 2021.
Bharat Gears Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Sat, Nov 20, 2021 |
| Last Date for renunciation of Rights Entitlements | Thu, Dec 2, 2021 |
| Issue Opening Date | Mon, Nov 22, 2021 |
| Issue Closing Date | Mon, Dec 6, 2021 |
| Date of Allotment (on or about) | Thu, Dec 16, 2021 |
| Date of Credit (on or about) | Mon, Dec 20, 2021 |
| Date of Listing (on or about) | Tue, Dec 21, 2021 |
You can apply for Bharat Gears Rights Issue in two ways:
Steps to apply for Bharat Gears Rights Issue using Net Banking (ASBA)
Steps to apply for Bharat Gears Rights Issue using Registrar's website (R-WAP)
