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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".
| Issue Open | October 3, 2023 - October 13, 2023 |
| Security Name | Bhandari 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 At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price Rs. 4.50/- will be payable on application. |
| Entitlement | 3 Rights Equity Share(s) for every 26 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | September 22, 2023 |
| Record Date | September 23, 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | October 3, 2023 |
| Renunciation of Rights Entitlements | October 11, 2023 |
| Bid/Offer Closes On | October 13, 2023 |
| Deemed Date of Allotment | October 20, 2023 |
| Credit Date | October 23, 2023 |
| Listing Date | October 26, 2023 |
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 205.13 | 207.29 | 217.83 | 217.26 |
| Revenue | 277.54 | 226.06 | 283.44 | 283.31 |
| Profit After Tax | 5.31 | 1.67 | 6.27 | 6.51 |
| Net Worth | 75.43 | 81.55 | 87.12 | |
| Reserves and Surplus | 60.78 | 66.90 | 72.47 | |
| Total Borrowing | 114.44 | 113.91 | 104.32 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Bhandari Hosiery Exports Rights Issue 2023 got oversubscribed by 2.77 times by the end of the bidding period with total bid quantity received by BSE and NSE of 46,886,734 shares.
8 3.5 Rating:  Vote Here ... |
Bhandari Hosiery Exports Limited
Bhandari House, Village Meharban
Rahon Road,
Ludhiana - 141007
Phone: 88720-16410
Email: cs@bhandariexport.com
Website: https://www.bhandariexport.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: bhandariexport.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Bhandari Hosiery Exports Rights Issue 2023 opens on October 3, 2023, and closes on October 13, 2023.
Bhandari Hosiery Exports Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | October 11, 2023 |
| Issue Opening Date | October 3, 2023 |
| Issue Closing Date | October 13, 2023 |
| Date of Allotment (on or about) | October 20, 2023 |
| Date of Credit (on or about) | October 23, 2023 |
| Date of Listing (on or about) | October 26, 2023 |
Bhandari Hosiery Exports Rights Issue 2023 price is set at ₹4.5 per share per equity share.
The eligible shareholders are being offered 3 Rights Equity Share(s) for every 26 fully paid-up Equity Shares held on Record Date (September 23, 2023).
The record date for the Bhandari Hosiery Exports Rights Issue 2023 is September 23, 2023.
The issue size of Bhandari Hosiery Exports Rights Issue 2023 is of 16,911,111 equity shares at ₹4.5 per share aggregating upto ₹7.61 Crores.
The Letter of Offer for Bhandari Hosiery Exports Rights Issue 2023 can be download here.
You can apply for Bhandari Hosiery Exports Rights Issue 2023 in two ways:
Steps to apply for Bhandari Hosiery Exports Rights Issue 2023 using Net Banking (ASBA)
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 Bhandari Hosiery Exports Rights Issue 2023 using Registrar's website (R-WAP)
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