Bhandari Hosiery Exports Rights Issue will open for subscription from 30 September 2023. the company aims for an issue size of ₹7.61 Crores through this rights Issue.
About the company
Bhandari Hosiery Exports Limited (BHEL) is engaged in the business of manufacturing Knitted Fabric and Garments. BHEL manufactures, processes, and trades knitted fabric and garments, as well as dyed and undyed fabrics. The company’s product list includes t-shirts, pullovers, sweatshirts, barmudas, polo shirts, tracksuits, pajamas, lowers, ladies’ knitted tops with embroidery and prints, etc. These products are sold in domestic as well as overseas markets. The company’s manufacturing unit is located in Ludhiana, Punjab, with a capacity of 15 tonnes per day (TPD) fabric knitting, a 20 TPD Fabric 57 Dying, and 20 TPD fabric stentor and compactor processing along with 7,000 units per day garment manufacturing. Part of the dying and processing capacity is also used for job work. The manufacturing unit of the company is accredited and rated by “amfori BSCI”.
Objectives of the Issue
- Capital expensiture in the Expansion Plan, including contingencies and pre-operative expenses,
- Working capital margin related to the expansion plan, and
- Preliminary and Pre-operative Expenses.
Bhandari Hosiery Exports Rights Issue Timetable
| Last Date to buy shares | 22 September 2023 |
| Record Date | 23 September 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 30 September 2023 |
| Renunciation of Rights Entitlements | 06 October 2023 |
| Bid/Offer Closes On | 10 November 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Bhandari Hosiery Exports Rights Issue Details
| Issue Open | September 30, 2023 – November 10, 2023 |
| Security Name | Bhandari Hosiery Exports Limited |
| Issue Size (Shares) | 16,911,111 |
| Issue Size (Amount) | ₹7.61 Crores |
| Issue Price | ₹4.5 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price Rs. 4.50/- will be payable on application. |
| Entitlement | 3 Rights Equity Share(s) for every 26 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 205.13 | 207.29 | 217.83 | 217.26 |
| Revenue | 277.54 | 226.06 | 283.44 | 283.31 |
| Profit After Tax | 5.31 | 1.67 | 6.27 | 6.51 |
Bhandari Hosiery Exports Rights Issue Documents
Lead Manager(s)
Bhandari Hosiery Exports Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: bhandariexport.rights@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Company Contact Information
Bhandari Hosiery Exports Limited
Bhandari House, Village Meharban
Rahon Road,
Ludhiana – 141007
Phone: 88720-16410
Email: cs@bhandariexport.com
Website: https://www.bhandariexport.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
