Bandaram Pharma Packtech Rights Issue will open for subscription from 12 July 2023. the company aims for an issue size of ₹9 Crores through this rights Issue.
About the company
Incorporated in 1991, Bandaram Pharma Packtech Limited delivers its offerings in the paper industry. The company engages in the processing and supply of recycled paper. The company supplies various categories of recycled paper, both imported and indigenous, to small as well as medium-sized paper mills. These supplies are primarily made in the East & West Godavari Districts of Andhra Pradesh. Bandaram Pharma Packtech Ltd has firmly established itself as a reputable supplier and has entered into long-term supply contracts with several manufacturers of recycled paper.
Objectives of the Issue
- Conversion of unsecured loans availed by our Company from the Promoters;
- Investment in our Subsidiary, “VSR Paper & Packaging Limited” for augmentation of funding requirements for its business activities.
- Acquisition of Companies to achieve inorganic growth.
- General Corporate Purposes.
Rights Issue Timetable
| Last Date to buy shares | 28 June 2023 |
| Record Date | 30 June 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 12 July 2023 |
| Renunciation of Rights Entitlements | 17 July 2023 |
| Bid/Offer Closes On | 20 July 2023 |
| Deemed Date of Allotment | 26 July 2023 |
| Credit Date | 31 July 2023 |
| Listing Date | 03 Aug 2023 |
Bandaram Pharma Packtech Rights Issue Details
| Issue Open | Jul 12, 2023 – Jul 20, 2023 |
| Security Name | Bandaram Pharma Packtech Limited |
| Issue Size (Shares) | 9,000,000 |
| Issue Size (Amount) | ₹9 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The Full amount of Rs. 10/- for rights equity shares will be payable on application. |
| Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 3.00 | -0.01 | |
| 31-Mar-23 | 20.17 | 18.92 | 0.26 |
Rights Issue Documents
Lead Manager(s)
- Bajaj Capital Limited
Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Bandaram Pharma Packtech Limited
601, 5th Floor, Oxford Towers,
Opp to Leela Palace Hotel, Old Airport Road,
Kodihalli, Bengaluru – 560008
Phone: +91 98865 31601
Email: infoshivamedicare@gmail.com
Website: http://www.bandaram.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
