The Balkrishna Paper Mills Ltd date has been confirmed from April 2, 2024 – April 15, 2024.
The Balkrishna Paper Mills Ltd Developers IPO is a fixed issue size of ₹45.11 Crores. The Balkrishna Paper Mills Ltd Limited (DPL), founded in 2011, is an India-based company that deals, imports, and exports industrial chemicals and pharmaceutical raw materials.These comprise active pharmaceutical ingredients (APIs), excipients, and chemical formulations.
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Bidding Dates
April 2-15
Issue Size
₹45.11 Crores
Face Value
₹10 per share
Record Date
March 15, 2024
The Balkrishna Paper Mills Ltd IPO GMP
The Balkrishna Paper Mills Ltd Record Date is March 15, 2024.
IPO Overview
The Balkrishna Paper Mills Ltd Limited (DPL), founded in 2011, is an India-based company that deals, imports, and exports industrial chemicals and pharmaceutical raw materials. These comprise active pharmaceutical ingredients (APIs), excipients, and chemical formulations. The company’s products are exported globally. The Balkrishna Paper Mills Ltd Limited provides import and export services to customers globally.
Competitive strengths:
- Established track record: The company has been in the paper and paperboard manufacturing business for over five decades.
- 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.
- Experienced management team: The promoters and management of the company have many years of experience in the industry.
The 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 utilize the net proceeds from the Issue towards funding the following objects:
- To repay or prepay, in full 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 | support@purvashare.com |
| Website | purvashare.com |
Contact Details
| Name | Balkrishna Paper Mills Ltd |
| Phone number | +91 22 6120 7900 |
| Email ID | bpmho@bpml.in |
| Website | bpml.in |
IPO Strenghts
- 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.
