The Balkrishna Paper Mills Ltd date has been confirmed from April 2, 2024 – April 15, 2024. Read the post to learn about Balkrishna Paper Mills Ltd Rights Issue.
Balkrishna Paper Mills Ltd Developers are preparing for an IPO for ₹45.11 crore. Founded in 2011, Balkrishna Paper Mills Ltd Limited (DPL) is an Indian firm that trades, imports, and exports industrial chemicals and pharmaceutical raw materials. This comprises pharmaceutical goods’ chemical components, additives, and active substances.
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Key Details Of Balkrishna Paper Mills Ltd Rights Issue 2024 Details:
Bidding Dates
April 2-15
Issue Size
₹45.11 Crores
Face Value
₹10 per share
Record Date
March 15, 2024
Balkrishna Paper Mills Ltd IPO Record Date
The Balkrishna Paper Mills Ltd Record Date is March 15, 2024.
IPO Overview
Balkrishna Paper Mills Limited (DPL), founded in 2011, is an Indian company that deals, imports, and exports industrial chemicals and pharmaceutical raw materials. They include active pharmaceutical ingredients (APIs), excipients, and chemical formulations. The company’s products are exported internationally. Balkrishna Paper Mills Ltd Limited provides import and export services to customers globally.
Competitive strengths:
- Proven track record: The firm has produced paper and paperboard for over 50 years.
- Recognised brand: Most of the company’s clients place repeat orders. This brand familiarity allows the corporation to seek a little premium above the market price while passing on fluctuations in raw material costs to customers.
- Team of experienced managers: The company’s promoters and management have many years of industry expertise.
Balkrishna Paper Mills Ltd Rights Issue 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 Ltd Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 134.80 | 187.04 |
| Revenue | 109.45 | 244.59 |
| Profit After Tax | -51.88 | -4.69 |
| Reserves and Surplus | -160.97 | -109.09 |
| Amount in ₹ Crore | ||
Balkrishna Paper Mills Ltd IPO Timeline
| Last Date to buy shares | March 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 | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The company proposes to utilise the net proceeds from the Issue towards funding the following objects:
- To repay or prepay, in whole or in part, certain borrowings availed by the company;
- To repay towards redemption of Redeemable Preference shares Capital; and
- To meet General corporate purposes.
Registrar Info
| Name | Purva Sharegistry India Pvt Ltd |
| Phone number | +91-022-23018261/ 23016761 |
| Email ID | [email protected] |
| Website | purvashare.com |
Contact Details
| Name | Balkrishna Paper Mills Ltd |
| Phone number | +91 22 6120 7900 |
| Email ID | [email protected] |
| Website | bpml.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Balkrishna Paper Mills Ltd IPO FAQs
What is the issue price for Balkrishna Paper Mills Rights Issue 2024?
Balkrishna Paper Mills Rights Issue 2024 price is set at ₹21 per share per equity share.
In what ratio is the Balkrishna Paper Mills Rights Issue 2024 offered?
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).
What is the record date for Balkrishna Paper Mills Rights Issue 2024?
The record date for the Balkrishna Paper Mills Rights Issue 2024 is March 15, 2024.
What is the issue size of Balkrishna Paper Mills Rights Issue 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.
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