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Balkrishna Paper Mills Ltd Rights Issue (Balkrishna Paper Mills Rights Issue 2024) Detail

April 2, 2024 - April 15, 2024
Balkrishna Paper Mills Ltd Logo

Balkrishna Paper Mills Limited was founded in 2013 and manufactures paper and board based on recycled pulp. The company was previously known as Nirvikara Paper Mills Limited.

The company's production facility is located in Ambivali, Maharashtra, and has a total capacity of 60,000 TPA.

Competitive strengths:

  1. Established track record: The company has been in the paper and paperboard manufacturing business for over five decades.
  2. Recognized brand: The company receives repeat orders from most of its customers. This brand recognition helps the company to command a slight premium over the market price and pass on changes in raw material costs to customers.
  3. Experienced management team: The promoters and management of the company have many years of experience in the industry.

Balkrishna Paper Mills Rights Issue 2024 Detail

Issue Open April 2, 2024 - April 15, 2024
Security Name Balkrishna Paper Mills Ltd
Issue Size (Shares) 21,479,688
Issue Size (Amount) ₹45.11 Crores
Issue Price ₹21 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

Full amount of Rs. 21/- per Equity Share is payable on application.

Entitlement 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Balkrishna Paper Mills Rights Issue 2024 Issue Timetable

Last Date to buy sharesMarch 14, 2024
Record Date March 15, 2024
Credit of Rights Entitlements
Bid/Offer Opens On April 2, 2024
Renunciation of Rights Entitlements April 8, 2024
Bid/Offer Closes On April 15, 2024
Deemed Date of Allotment April 22, 2024
Credit Date April 26, 2024
Listing Date May 2, 2024

Company Financials

Balkrishna Paper Mills Ltd Financial Information (Restated)

Balkrishna Paper Mills Ltd's revenue decreased by -55.25% and profit after tax (PAT) dropped by -1006.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 2022
Assets134.80187.04
Revenue109.45244.59
Profit After Tax-51.88-4.69
Reserves and Surplus-160.97-109.09
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the Issue towards funding the following objects:

  1. To repay or prepay, in full or in part, certain borrowings availed by the company;
  2. To repay towards redemption of Redeemable Preference shares Capital; and
  3. To meet General corporate purposes.

Balkrishna Paper Mills Rights Issue 2024 Subscription Status

Balkrishna Paper Mills Rights Issue 2024 got oversubscribed by 1.06 times by the end of the bidding period with total bid quantity received by BSE and NSE of 22,701,053 shares.

Balkrishna Paper Mills Rights Issue 2024 Documents

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Company Contact Information

Balkrishna Paper Mills Ltd
A/7, Trade World,
Kamala City, Senapati Bapat Marg,
Lower Parel, Mumbai - 400 013

Phone: +91 22 6120 7900
Email: bpmho@bpml.in
Website: https://www.bpml.in/

Balkrishna Paper Mills Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Balkrishna Paper Mills Rights Issue 2024 Lead Manager(s)

Balkrishna Paper Mills Rights Issue 2024 FAQs

The Balkrishna Paper Mills Rights Issue 2024 opens on April 2, 2024, and closes on April 15, 2024.

Balkrishna Paper Mills Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsApril 8, 2024
Issue Opening DateApril 2, 2024
Issue Closing DateApril 15, 2024
Date of Allotment (on or about)April 22, 2024
Date of Credit (on or about)April 26, 2024
Date of Listing (on or about)May 2, 2024

Balkrishna Paper Mills Rights Issue 2024 price is set at ₹21 per share per equity share.

The eligible shareholders are being offered 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (March 15, 2024).

The record date for the Balkrishna Paper Mills Rights Issue 2024 is March 15, 2024.

The issue size of Balkrishna Paper Mills Rights Issue 2024 is of 21,479,688 equity shares at ₹21 per share aggregating upto ₹45.11 Crores.

The Letter of Offer for Balkrishna Paper Mills Rights Issue 2024 can be download here.

You can apply for Balkrishna Paper Mills Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Balkrishna Paper Mills Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Balkrishna Paper Mills Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Balkrishna Paper Mills Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Balkrishna Paper Mills Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Balkrishna Paper Mills Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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