Bhandari Hosiery Exports Limited's Rights Issue: Key Points for Investors

Bhandari Hosiery Exports Limited came up with the rights issue as the issue size reported by the company is 76,611,591 Equity shares with a decided issue price of Rs 6.26 per share, a total amounting to Rs 48.19 Crores. Meanwhile, the face value is reported as Re 1 per share. Investors who currently do not hold shares of Bhandari Hosiery Exports Limited have the opportunity to purchase shares until June 18, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is June 19, 2024. However, the registrar for this rights issue mentioned by the company is Link Intime India Private Limited. If we look at the entitlement ratio, it is reported that 15 Rights Equity Share(s) for every 32 fully paid-up Equity Shares held on Record Date.

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About Bhandari Hosiery Exports Limited

Bhandari Hosiery Exports Limited (BHEL), established in 1993, focuses on the production of knitwear and garments. BHEL is involved in manufacturing, processing, and trading a variety of knitwear and garments, including dyed and undyed fabrics. Their product range features T-shirts, sweaters, sweatshirts, bermudas, polo shirts, tracksuits, pyjamas, undershirts, and knitted women's tops with embroidery and prints. These products cater to both domestic and international markets. The company is Located in Ludhiana, Punjab, BHEL's manufacturing facility has been accredited and assessed by 'amfori BSCI'. The company has total of 385 individual employees as of June 2024 .

Financial Performance of Bhandari Hosiery Exports Limited (Amt in Rs Crore)

In the nine-month period ended December 31, 2023, the company's revenue was Rs 3,217.88 crore, compared to Rs 3,402.43 crore for the period ended March 31, 2023 indicating decline in a revenue. The PAT for the nine-month period ended December 31, 2023, was Rs 49.11 crore, compared to Rs 104.21 crore for the year ended March 31, 2023, here also slightly decline in PAT.

Important Dates for Bhandari Hosiery Exports Rights Issue

Timetable of Bhandari Hosiery Exports Rights Issue

Lead manager(s), Registrar of IPO & Letter of Offer

The Lead managers of the Bhandari Hosiery Exports have not yet declared. Whereas Link Intime India Private Limited has been appointed as the registrar for the issue, you can check your allotment status by visiting here. While Bhandari Hosiery Exports released a Letter of Offer, to read it in detailed, click here.

FAQs

1.  What are the important dates for Bhandari Hosiery Exports's rights issue?

The important dates include the opening & closing dates of the rights issue is July 8, 2024, and July 22, 2024 respectively.

2.      What is the last date for buying shares?

To get eligible for the rights issue of Bhandari Hosiery Exports limited, an investor can buy its shares till June 18, 2024.

3.      What is the record date for the Bhandari Hosiery Exports Rights Issue?

The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue is June 19, 2024. 

4.      What are Bhandari Hosiery Exports Limited's recent financials?

In the nine-month period ended December 31, 2023, the company's revenue was Rs 3,217.88 crore, compared to Rs 3,402.43 crore for the period ended March 31, 2023 indicating decline in a revenue. The PAT for the nine-month period ended December 31, 2023, was Rs 49.11 crore, compared to Rs 104.21 crore for the year ended March 31, 2023, here also slightly decline in PAT.

5.      How can I apply for the Bhandari Hosiery Exports Limited Rights Issue?

You can apply for Bhandari Hosiery Exports Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility), you can check your allotment status by visiting the registrar’s website

6.      How can I check the allotment status of the Bhandari Hosiery Exports Issue?

Whereas Link Intime India Private Limited has been appointed as the registrar for the issue, you can check you allotment status by visiting here.

7.      From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

8.      Where will the Bhandari Hosiery Exports Rights Issue be listed?

The Rights Issue will be listed on the NSE and BSE

9.      What is the entitlement ratio for the Bhandari Hosiery Exports Limited Rights Issue?

The entitlement ratio is set at 15 Rights Equity Shares for every 32 fully paid-up equity shares held on the record date.

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