Billwin Industries Rights Issue will open for subscription from 13 May 2024. the company aims for an issue size of ₹7.24 Crores through this rights Issue.
About the company
Founded in 2014, Billwin Industries is in the business of manufacturing protective gear, including rainwear, life jackets, and inflatable boats, which are used for safety in seas and other water bodies. The raw material used for manufacturing these protective gears is known as coated fabric. The company also trades in the protective gear it produces.
Billwin Industries’ product range includes raincoats, rain jackets, pulsar jackets, winter jackets, river raft boats, inflatable dinghies, sleeping bags, school bags, life jackets, rucksacks, and face masks, among other items. The company also sells its products through e-commerce platforms such as Amazon, Flipkart, Shopclues, Xerve, and BuyHatke.
The company’s manufacturing unit is situated in West Mumbai, Maharashtra. It sells its products through a variety of channels, including tenders, distributors, and retailers. Its distribution network spans multiple states, including Maharashtra, Kerala, Gujarat, Chhattisgarh, Tamil Nadu, Assam, Haryana, and Trivandrum Tripura.
Objectives of the Issue
- Funding the working capital requirement of the Company;
- General corporate purposes.
Billwin Industries Rights Issue Timetable
| Last Date to buy shares | 26 April 2024 |
| Record Date | 29 April 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 13 May 2024 |
| Renunciation of Rights Entitlements | 15 May 2024 |
| Bid/Offer Closes On | |
| Deemed Date of Allotment | 23 May 2024 |
| Credit Date | 23 May 2024 |
| Listing Date | 27 May 2024 |
Billwin Industries Rights Issue Details
| Issue Open | May 13, 2024 – June 10, 2024 |
| Security Name | Billwin Industries Ltd |
| Issue Size (Shares) | 2,130,724 |
| Issue Size (Amount) | ₹7.24 Crores |
| Issue Price | ₹34 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of the Issue Price being Rs.34/-(Rupees Thirty-four) will be payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 2.85 | 4.39 | 4.82 |
| Expenses | 2.76 | 4.09 | 3.81 |
| Operating Margin (%) | 14.74 | 14.81 | 29.05 |
| Net Income | 0.06 | 0.22 | 0.74 |
| ROCE (%) | 5.13 | 6.99 | 14.32 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200122
Email: rightsissue@bigshareonline.com
Website: www.bigshareonline.com
Company Contact Information
BILLWIN INDUSTRIES LIMITED
79, Vishal Industrial Estate, Village Road,
Nahur (VV), Mumbai – 400078
Phone: 022 -25668112
Email: info@billwinindustries.com
Website: www.billwinindustries.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
