Bhakti Gems and Jewellery Rights Issue will open for subscription from 09 June 2023. the company aims for an issue size of ₹6.02 Crores through this rights Issue.
Bhakti Gems and Jewellery Limited
Incorporated in 2010, “Bhakti Gems and Jewellery Limited” is an integrated Manufacturer and Wholesaler of branded Jewellery & Ornaments. The company primarily operates from Ahmedabad, Gujarat. The company’s portfolio of products includes a wide and versatile range of Gold jewelry with or without studded precious and semi-precious stones. These products include:
Rings, Chains, Bracelets, Mangalsutra, Necklaces, Zuda, Ear chains, Toe rings, Earrings, anklets, Pendants, Bangles, and many other ornaments and jewelry items. The Jewelleries and ornaments designs express the Traditional, Modern & Indo-Western styles. These jewelry ornaments are made according to the demand from the customers. The company has a diverse portfolio of Ornaments and Jewellery based on the regional diversity of tastes and preferences. Their gold and traditional jewelry are either made with kundan, gemstones, American diamonds, etc, or just plain gold. Bhakti Gems and Jewellery source its raw materials from local markets in Ahmedabad.
Objectives of the Issue
- To meet the working capital requirement of the company; and
- General corporate purposes.
Bhakti Gems and Jewellery Rights Issue Timetable
| Last Date to buy shares | 30 May 2023 |
| Record Date | 31 May 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 09 June 2023 |
| Renunciation of Rights Entitlements | 15 June 2023 |
| Bid/Offer Closes On | 20 June 2023 |
| Deemed Date of Allotment | 23 June 2023 |
| Credit Date | 26 June 2023 |
| Listing Date | 27 June 2023 |
Bhakti Gems and Jewellery Rights Issue Details
| Issue Open | Jun 9, 2023 – Jun 20, 2023 |
| Security Name | Bhakti Gems and Jewellery Limited |
| Issue Size (Shares) | 5,013,173 |
| Issue Size (Amount) | ₹6.02 Crores |
| Issue Price | ₹12 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of the Issue Price being Rs. 12/- will be payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 22.62 | 67.95 | 0.26 |
| 31-Mar-22 | 29.97 | 88.97 | 0.88 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: mumbai@skylinerta.com
Website: https://www.skylinerta.com/
Company Contact Information
Bhakti Gems and Jewellery Limited
209, Balaji Paragon, Besides Axis Bank,
Swagat Char Rasta Off C.G. Road,
Ahmedabad-9
Phone: 079-26421701-2-3
Email: info_bhaktiornaments@yahoo.co.in
Website: https://www.bhaktijewellery.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
