Let’s have a detailed review of the company and analytics of the Beardsell Rights Issue offer open date, Term of payment, Beardsell Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 2
Issue PriceRs [●]
Listing AtNSE, BSE
Min. Lot Size[●] Eq Shares
Record Date[●]
Issue Size (Rs.)Rs [●] Lakhs
Shares for Issue93,66,336 Eq Shares
Rights entitlement1 Rights Equity Shares for every 3 Equity Shares of the Company

Beardsell Rights Issue is listed at NSE & BSE. Check out the live share price by clicking on the below link.

Beardsell Share Price – Live Performance

Beardsell Rights Issue – Summary

Beardsell Rights IssueTheir Company was incorporated as ‘Mettur Industries Limited’ on November 23, 1936, as a public limited company under the Companies Act, 1913 with the Registrar of Joint Stock Companies, Tamil Nadu, Madras. The name of their Company was changed to “Mettur Beardsell Limited” and a fresh certificate of incorporation dated November 10, 1969, consequent to such name change was issued to their Company by the Asst. Registrar of Companies, Tamil Nadu, Madras.

The name of their Company was changed to “Beardsell Limited” and a fresh certificate of incorporation dated October 1, 1983, consequent to such name change was issued to their Company by the Asst. Registrar of Companies, Tamil Nadu, Madras.

The Promoter of this company is AMRITH ANUMOLU, JAYASREE ANUMOLU, BHARAT ANUMOLU, LALITHAMBA PANDA, GUNNAM SUBBA RAO INSULATION PRIVATE LIMITED, AND VILLASINI REAL ESTATE PRIVATE LIMITED. The lead manager to the issue is SAFFRON CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.


Beardsell Rights Issue Date

The opening and the closing date of the IPO of Beardsell Limited are [●] and [●] respectively.


Beardsell Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Beardsell Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
[●]
Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements[●]
Issue Closing Date[●]
Finalizing the basis of allotment with the Designated Stock Exchange[●]
Record date[●]
Date of Allotment[●]
Credit of Shares to Demat Account[●]
Share Listing Date[●]

Beardsell Rights Issue Price

The face value of each share is Rs.2, but the Cash Price is Rs.[●] per Eq share. 


Beardsell Rights Issue Equity Size

This Initial Public Issue of 93,66,336 Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs 6,49,50,000.


Beardsell Rights Issue – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Beardsell Share Price

Beardsell Rights Issue – Company Overview

It manufactures and markets a variety of thermal insulation and packaging products, mainly Expanded Polystyrene (EPoS) and rigid and flexible Polyurethane Foam (PUF) products. They are at the forefront of providing products and services for packaging, thermal insulation, and pre-fabricated metal sheet, and EPoS core buildings and panels.

It also provides insulation contracting services and manufactures specialized thermally insulated doors and windows for cold storage and clean rooms. They also cater to the construction industry and manufacture and market pre-fabricated metal sheet and EPoS core buildings and panels. Finished goods are subjected to exhaustive quality checks, in line with industry standards.

They have a wide customer base and cater to customers from various industries like consumer durables (national and international), electronics, engineering products, pharmaceuticals, and agro products like vegetables and fish.

They have manufacturing facilities near Chennai, Bengaluru, Hyderabad, Thane, Pune, and NOIDA. All these plants are equipped with imported / domestic production machinery and utilities.


Beardsell Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
30-Jun-2131-Mar-21
Total Assets12,234.6812,308.57
*Total Revenue3,507.401,583.75
Total Expense3,493.921,927.51
Profit After Tax7.38(327.65)

Earnings per Equity Share (in Lakhs)

30-Jun-2131-Mar-21
Basic0.03(1.17)
Diluted0.03(1.17)

Beardsell Rights Issue – Promoters

The Promoters of this company are:

  1. AMRITH ANUMOLU,
  2. JAYASREE ANUMOLU,
  3. BHARAT ANUMOLU,
  4. LALITHAMBA PANDA,
  5. GUNNAM SUBBA RAO INSULATION PRIVATE LIMITED
  6. VILLASINI REAL ESTATE PRIVATE LIMITED

List of Related Parties (Key Managerial Personnel)

  • Amrith Anumolu Executive and Whole Time Director
  • Jayasree Anumolu, Non-Executive Director
  • Ramaswamy Gowrishanker, Chairman and Non-Executive Director
  • Velu Jeyapaul Singh, Non-Executive Director
  • Rammohan Anappathur Vanchi, Independent Director
  • Gurram Jagannatha Reddy, Independent Director

Beardsell Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 93,66,336 Equity Shares
Rights Entitlement[●]
Record Date[●]
Issue Price per Rights Equity SharesRs.[●]/-
Issue SizeUp to 93,66,336  Equity Shares of the face value of Rs 2 each for cash at a price of Rs [●] per Rights Equity Share up to the amount of Rs [●] Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue2,80,99,008 Equity Shares
Equity Shares subscribed and paid-up after the IssueUp to 3,74,65,344 Equity Shares

Beardsell Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Part repayment/ Pre-payment of Inter-Corporate Deposits availed by their Company from lenders;
2. Part repayment/ Pre-payment of certain unsecured loans availed from their Promoter Jayasree Anumolu; and
3. General Corporate Purposes.

Beardsell – Business Strategy

  • To develop new regional markets for their products and services
  • Enhanced focus on efficiency, cost, and return on capital
  • Maintain and expand long-term relationships with clients
  • Investing in advanced technology
  • Leveraging of their marketing skills and relationships

Beardsell Rights Issue Lead Managers

Lead Managers
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, Center Point, 6th floor,
Andheri Kurla Road, J. B. Nagar,
Andheri (East), Mumbai – 400 059,
Maharashtra, India.
Telephone: +91 22 4082 0914/915
Facsimile: +91 22 4082 0999
E-mail: rights.issue@saffronadvisor.com
Website: www.saffronadvisor.com
Investor grievance: investorgrievance@saffronadvisor.com
Contact Person: Amit Wagle / Gaurav Khandelwal
SEBI Registration Number: INM 000011211
Validity of Registration: Permanent

Beardsell Issue Registrar to offer

Registrar to the Offer
CAMEO CORPORATE SERVICES LIMITED
Subramanian Building,
No. 01, Club House Road,
Chennai- 600 002,
Tamil Nadu, India.
Telephone: +91044 4002 0700/ 0710/ 2846 0390
Facsimile: N.A.
Email: priya@cameoindia.com
Website: www.cameoindia.com
Investor grievance e-mail: investor@cameoindia.com
Contact Person: Sreepriya K.
SEBI Registration No.: INR000003753
Validity of Registration: Permanent

Beardsell Issue Details

  • Statutory Auditor – S. R. Batliboi & Associates, LLP
  • Legal Counsel to the Company – NA
  • Bankers to the Company – NA


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    Beardsell Limited Rights Issue News

    News 1 – Beardsell Rights Issue Draft Download

    News 2 –  Beardsell Rights Issue Letter of Offer


    Beardsell Rights Issue Review FAQs

    Where to download Beardsell Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Beardsell Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Beardsell Rights Issue?

    Application forms of Beardsell Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.

    How to check Beardsell Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Beardsell Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Beardsell Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.NA per Equity Share through Beardsell Rights Issue.

    Who is the registrar to Beardsell Rights Issue?

    Registrar, as chosen by Beardsell is CAMEO CORPORATE SERVICES LIMITED. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Beardsell Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Beardsell Rights Issue is all set to open on NA.

    When the Beardsell Rights Issue is closing?

    While the offer would open on NA, it is most likely scheduled to close on NA. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Beardsell Rights Issue.

    What is the Beardsell Issue size?

    Beardsell Rights Issue is a proposal to raise 93,66,336 Equity shares, aggregating to Rs NA Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the Beardsell Lead manager?

    A designated underwriter or lead manager of Beardsell Rights Issue is SAFFRON CAPITAL ADVISORS PRIVATE LIMITED. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the Beardsell Issue?

    There are a bunch of important dates regarding the Beardsell Rights Issue, which you need to know about. The priority should be the Record Date of NA., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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