Home  »  Rights Issue  »  Bharat Gears Rights Issue

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

Face ValueRs 10
Issue PriceRs 105
Listing AtNSE, BSE
Min. Lot Size[●] Eq Shares
Record DateOctober 29, 2021
Issue Size (Rs.)Rs 977.14 Lakhs
Shares for Issue9,30,610 Eq Shares
Rights entitlement1 Equity Share for every 10 fully paid-up Equity Share
held on the Record Date i.e., October 29, 2021

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

Bharat Gears Share Price – Live Performance

Bharat Gears Rights Issue – Summary

Bharat Gears Rights IssueTheir company was incorporated in the year 1971 by the late Dr. Raunaq Singh. They had commenced production at their first manufacturing facility at Mumbra, Maharashtra in the year 1974. For better geographical reach and increased production capacities, they laid the foundation stone of their second manufacturing facility located at Faridabad, Haryana in the year 1998 and began manufacturing at this facility from the year 2000 onwards.

With a view to further expand their manufacturing capacities, while maintaining an optimum size for each individual facility, they established their third manufacturing facility at Lonand, Satara, Maharashtra and commenced manufacturing activities there from the year 2014 onwards.

The Promoter of this company is MR. SURINDER PAUL KANWAR AND MR. SAMEER KANWAR. The lead manager to the issue is Keynote Financial Services Limited, and the Registrar to this issue is Link Intime India Private Limited.


Bharat Gears Rights Issue Date

The opening and the closing date of the IPO of Bharat Gears Limited are NOVEMBER 22, 2021, and DECEMBER 06, 2021 respectively.


Bharat Gears 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.

Bharat Gears Rights Issue Dates

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

Issue Opening Date
NOVEMBER 22, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsDECEMBER 02, 2021
Issue Closing DateDECEMBER 06, 2021
Finalizing the basis of allotment with the Designated Stock ExchangeDECEMBER 15, 2021
Record dateOCTOBER 29, 2021
Date of AllotmentDECEMBER 16, 2021
Credit of Shares to Demat AccountDECEMBER 20, 2021
Share Listing DateDECEMBER 21, 2021

Bharat Gears Rights Issue Price

The face value of each share is Rs.10, but the Cash Price is Rs.105 per Eq share. 


Bharat Gears Rights Issue Equity Size

This Initial Public Issue of 9,30,610 Equity Shares of Rs.10 each for cash at a price of Rs.105 per equity share aggregating to Rs 977.14 Lakh.


Bharat Gears 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 – Bharat Gears Share Price

Bharat Gears Rights Issue – Company Overview

They work under the guidance of Mr. Surinder Paul Kanwar, Chairman & Managing Director, who has experience of more than 45 years in the gears and automotive industry. Subject to the overall supervision and control of their Board of Directors, Mr. Kanwar oversees all the business operations along with a team of senior management personnel who assist him in carrying out his functions.

Mr. Kanwar has been instrumental in evolving their business operations, growth, and future prospects. They have been engaged in the manufacturing business since 1974 and have since expanded their product portfolio to a broad spectrum of products including ring gears and pinions, transmission gears and shafts, differential gears, gearboxes, automotive clutch and components, turbochargers and components, driveline products, axle shafts, flywheel assemblies & rings, propeller shaft components, U-J cross, steering components, differential cages, steel wheel rims, sealed quench furnaces, pusher continuous gas carburizing furnace, other heat treating equipment, etc.

While India remains the primary market, their Company is steadily growing its exports to North America, the European market, and some other countries. Their customer list includes some of the prominent players in the domestic automobile industry and some key players in the international markets in the tractors, trucks, construction equipment, buses, and utility vehicle segments.


Bharat Gears 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)
31-Mar-2131-Mar-20
Total Assets38363.1937414.03
*Total Revenue50439.6046799.56
Total Expense51404.4349281.81
Profit After Tax(770.06)(1877.78)

Earnings per Equity Share (in Lakhs)

31-Mar-2131-Mar-20
Basic & Diluted(8.27)(20.38)

Bharat Gears Rights Issue – Promoters

The Promoters of this company are:

  1. MR. SURINDER PAUL KANWAR
  2. MR. SAMEER KANWAR

List of Related Parties (Key Managerial Personnel)

  • Surinder Paul Kanwar, Chairman, and Managing Director
  • Sameer Kanwar, Joint Managing Director
  • Wolfgang Rudolf Schilha, Non-Executive Independent Director
  • Rakesh Chopra, Non-Executive Independent Director
  • Virendra Kumar Pargal, Non-Executive Independent Director
  • Hiroo Suresh Advani, Non-Executive Independent Director

Bharat Gears Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 9,30,610 Equity Shares
Rights Entitlement1 Equity Share for every 10 fully paid-up Equity Share
held on the Record Date i.e., October 29, 2021
Record DateOctober 29, 2021
Issue Price per Rights Equity SharesRs.105/-
Issue SizeUp to 9,30,610  Equity Shares of the face value of Rs 10 each for cash at a price of Rs 105 per Rights Equity Share up to the amount of Rs 977.14 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue93,06,095 Equity Shares
Equity Shares subscribed and paid-up after the IssueUp to 1,02,36,705 Equity Shares

Bharat Gears Rights Issue Object

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

1. Meet part of the working capital requirements
2. Meet expenses for the Issue

Bharat Gears – Business Strategy

  • Enhanced focus on efficiency, cost, and return on capital
  • Increase export share by adding new clients
  • Plant automation to improve productivity
  • Move towards greater product diversification

Bharat Gears Rights Issue Lead Managers

Lead Managers
Keynote Financial Services Limited
The Ruby, 9th Floor,
Senapati Bapat Marg, Dadar (West),
Mumbai – 400 028
Tel: +91 22 6826 6000
E-mail: mbd@keynoteindia.net
Website: www.keynoteindia.net
Contact Person: Mr. Sunu Thomas
SEBI Registration No.: INM 000003606

Bharat Gears Issue Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C101, 247 Park,
LBS Marg, Vikhroli (West),
Mumbai – 400 083
Tel: +91 22 4918 6200
E-mail: bharatgears.rights@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

Bharat Gears Issue Details

  • Statutory Auditor – S R B C & CO LLP, Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company –Axis Bank Limited


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    Bharat Gears Limited Rights Issue News

    News 1 – Bharat Gears Rights Issue Draft Download

    News 2 –  Bharat Gears Rights Issue Letter of Offer


    Bharat Gears Rights Issue Review FAQs

    Where to download Bharat Gears Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Bharat Gears 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 Bharat Gears Rights Issue?

    Application forms of Bharat Gears 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 either online or offline mode to submit it.

    How to check Bharat Gears Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Bharat Gears 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 Bharat Gears 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.105 per Equity Share through Bharat Gears Rights Issue.

    Who is the registrar to Bharat Gears Rights Issue?

    Registrar, as chosen by Bharat Gears is Link Intime India Private 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 Bharat Gears 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 Bharat Gears Rights Issue is all set to open on November 22, 2021.

    When the Bharat Gears Rights Issue is closing?

    While the offer would open on November 22, 2021, it is most likely scheduled to close on December 06, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Bharat Gears Rights.

    What is the Bharat Gears Issue size?

    Bharat Gears is a proposal to raise 9,30,610 Equity shares, aggregating to Rs 977.14 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 Bharat Gears, Lead manager?

    A designated underwriter or lead manager of Bharat Gears is Keynote Financial Services 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 Bharat Gears Issue?

    There are a bunch of important dates regarding the Bharat Gears Issue, which you need to know about. The priority should be the Record Date of DECEMBER 06, 2021., 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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