Bharat Gears Rights Issue Details, Dates, Size, Allotment and more
Last Updated Date: Nov 16, 2022Let’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 Value | Rs 10 |
| Issue Price | Rs 105 |
| Listing At | NSE, BSE |
| Min. Lot Size | [●] Eq Shares |
| Record Date | October 29, 2021 |
| Issue Size (Rs.) | Rs 977.14 Lakhs |
| Shares for Issue | 9,30,610 Eq Shares |
| Rights entitlement | 1 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
Their 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 Entitlements | DECEMBER 02, 2021 |
| Issue Closing Date | DECEMBER 06, 2021 |
| Finalizing the basis of allotment with the Designated Stock Exchange | DECEMBER 15, 2021 |
| Record date | OCTOBER 29, 2021 |
| Date of Allotment | DECEMBER 16, 2021 |
| Credit of Shares to Demat Account | DECEMBER 20, 2021 |
| Share Listing Date | DECEMBER 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-21 | 31-Mar-20 | |
| Total Assets | 38363.19 | 37414.03 |
| *Total Revenue | 50439.60 | 46799.56 |
| Total Expense | 51404.43 | 49281.81 |
| Profit After Tax | (770.06) | (1877.78) |
Earnings per Equity Share (in Lakhs)
| 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | (8.27) | (20.38) |
Bharat Gears Rights Issue – Promoters
The Promoters of this company are:
- MR. SURINDER PAUL KANWAR
- 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
| Particulars | Details of Equity Shares |
| Equity Shares proposed to be issued | Up to 9,30,610 Equity Shares |
| Rights Entitlement | 1 Equity Share for every 10 fully paid-up Equity Share held on the Record Date i.e., October 29, 2021 |
| Record Date | October 29, 2021 |
| Issue Price per Rights Equity Shares | Rs.105/- |
| Issue Size | Up 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 Issue | 93,06,095 Equity Shares |
| Equity Shares subscribed and paid-up after the Issue | Up 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
Subscribe to Bharat Gears Rights Issue
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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