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Bhakti Gems and Jewellery Limited Rights Issue (Bhakti Gems and Jewellery Rights Issue 2023) Detail

June 9, 2023 - June 20, 2023
Bhakti Gems and Jewellery Limited Logo

Incorporated in 2010, "Bhakti Gems and Jewellery Limited" is an integrated Manufacturer and Wholesaler of branded Jewellery & Ornaments. The company primarily operates from Ahmedabad, Gujarat.

The company's portfolio of products includes a wide and versatile range of Gold jewelry with or without studded precious and semi-precious stones. These products include:

Rings, Chains, Bracelets, Mangalsutra, Necklaces, Zuda, Ear chains, Toe rings, Earrings, anklets, Pendants, Bangles, and many other ornaments and jewelry items.

The Jewelleries and ornaments designs express the Traditional, Modern & Indo-Western styles. These jewelry ornaments are made according to the demand from the customers. The company has a diverse portfolio of Ornaments and Jewellery based on the regional diversity of tastes and preferences.

Their gold and traditional jewelry are either made with kundan, gemstones, American diamonds, etc, or just plain gold.

Bhakti Gems and Jewellery source its raw materials from local markets in Ahmedabad.

Bhakti Gems and Jewellery Rights Issue 2023 Detail

Issue Open June 9, 2023 - June 20, 2023
Security Name Bhakti Gems and Jewellery Limited
Issue Size (Shares) 5,013,173
Issue Size (Amount) ₹6.02 Crores
Issue Price ₹12 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The full amount of the Issue Price being Rs. 12/- will be payable on application.

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

Bhakti Gems and Jewellery Rights Issue 2023 Issue Timetable

Last Date to buy sharesMay 30, 2023
Record Date May 31, 2023
Credit of Rights Entitlements
Bid/Offer Opens On June 9, 2023
Renunciation of Rights Entitlements June 15, 2023
Bid/Offer Closes On June 20, 2023
Deemed Date of Allotment June 23, 2023
Credit Date June 26, 2023
Listing Date June 27, 2023

Company Financials

Bhakti Gems and Jewellery Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2122.6267.950.26
31-Mar-2229.9788.970.88
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the proceeds from the net issue for the following objects:

  1. To meet the working capital requirement of the company; and
  2. General corporate purposes.

Bhakti Gems and Jewellery Rights Issue 2023 Documents

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Company Contact Information

Bhakti Gems and Jewellery Limited
209, Balaji Paragon, Besides Axis Bank,
Swagat Char Rasta Off C.G. Road,
Ahmedabad-9

Phone: 079-26421701-2-3
Email: info_bhaktiornaments@yahoo.co.in
Website: https://www.bhaktijewellery.com/

Bhakti Gems and Jewellery Rights Issue 2023 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: mumbai@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

Bhakti Gems and Jewellery Rights Issue 2023 Lead Manager(s)

Bhakti Gems and Jewellery Rights Issue 2023 FAQs

The Bhakti Gems and Jewellery Rights Issue 2023 opens on June 9, 2023, and closes on June 20, 2023.

Bhakti Gems and Jewellery Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsJune 15, 2023
Issue Opening DateJune 9, 2023
Issue Closing DateJune 20, 2023
Date of Allotment (on or about)June 23, 2023
Date of Credit (on or about)June 26, 2023
Date of Listing (on or about)June 27, 2023

Bhakti Gems and Jewellery Rights Issue 2023 price is set at ₹12 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (May 31, 2023).

The record date for the Bhakti Gems and Jewellery Rights Issue 2023 is May 31, 2023.

The issue size of Bhakti Gems and Jewellery Rights Issue 2023 is of 5,013,173 equity shares at ₹12 per share aggregating upto ₹6.02 Crores.

The Letter of Offer for Bhakti Gems and Jewellery Rights Issue 2023 can be download here.

You can apply for Bhakti Gems and Jewellery Rights Issue 2023 in two ways:

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

Steps to apply for Bhakti Gems and Jewellery Rights Issue 2023 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 Bhakti Gems and Jewellery Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Bhakti Gems and Jewellery Rights Issue 2023.
  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 Bhakti Gems and Jewellery Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Bhakti Gems and Jewellery Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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