Bhandari Hosiery Exports Rights Issue

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 shares22 September 2023
Record Date23 September 2023
Credit of Rights Entitlements
Bid/Offer Opens On30 September 2023
Renunciation of Rights Entitlements06 October 2023
Bid/Offer Closes On10 November 2023
Deemed Date of Allotment
Credit Date
Listing Date

Bhandari Hosiery Exports Rights Issue Details

Issue OpenSeptember 30, 2023 – November 10, 2023
Security NameBhandari 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 AtBSE, NSE
Terms of PaymentThe full amount of the Issue Price Rs. 4.50/- will be payable on application.
Entitlement3 Rights Equity Share(s) for every 26 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Profit After Tax5.311.676.276.51
(Amount in ₹ Crore)

Bhandari Hosiery Exports Rights Issue Documents

Lead Manager(s)

Bhandari Hosiery Exports Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270

Company Contact Information

Bhandari Hosiery Exports Limited
Bhandari House, Village Meharban
Rahon Road,
Ludhiana – 141007

Phone: 88720-16410

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

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