Billwin Industries Rights Issue

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 shares26 April 2024
Record Date29 April 2024
Credit of Rights Entitlements
Bid/Offer Opens On13 May 2024
Renunciation of Rights Entitlements15 May 2024
Bid/Offer Closes On
Deemed Date of Allotment23 May 2024
Credit Date23 May 2024
Listing Date27 May 2024

Billwin Industries Rights Issue Details

Issue OpenMay 13, 2024 – June 10, 2024
Security NameBillwin 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 AtBSE
Terms of PaymentThe full amount of the Issue Price being Rs.34/-(Rupees Thirty-four) will be payable on application.
Entitlement1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Company Financials

 FY 2021FY 2022FY 2023
Operating Margin (%)14.7414.8129.05
Net Income0.060.220.74
ROCE (%)5.136.9914.32
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200122

Company Contact Information

79, Vishal Industrial Estate, Village Road,
Nahur (VV), Mumbai – 400078
Phone: 022 -25668112

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

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