Bharat Bhushan Finance Rights Issue is scheduled on 2024
Established in 1954, Bharat Bhushan Finance & Commodity Brokers is a prominent player in the Indian financial services sector, specializing in a wide range of investment solutions. The company has built a reputation for facilitating wealth creation through diverse product offerings tailored to meet the needs of its clients. With a commitment to maintaining strong client relationships, Bharat Bhushan emphasizes providing holistic wealth management services and ensuring that clients receive optimal support at all times. The firm is also recognized for its adherence to regulatory standards and investor protection measures, enhancing its credibility in the market.
As of the latest financial year ending 31 March 2024, Bharat Bhushan reported a total income of INR 0.71 crore and a net profit after tax of INR 0.22 crore, reflecting a significant increase from the previous year. The company’s market capitalization is approximately INR 16 crore, with a price-to-earnings (P/E) ratio of 53.95 and a dividend yield of 1.29%.
Promoters of Bharat Bhushan Finance – Does Not have an Identifiable Promoter
Table of Contents
Bharat Bhushan Finance Rights Issue Details
| Bharat Bhushan Finance Rights Issue Date | Coming soon |
| Bharat Bhushan Finance Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 33,80,400 shares |
| Issue Size (in INR) | INR 3.38 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Bharat Bhushan Finance Rights Issue Record Date | 21 March 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Bharat Bhushan Finance Rights Issue Calculation
| Bharat Bhushan Finance Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 48.71 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 29.36 per share |
Bharat Bhushan Finance Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 0.49 | 0.58 | 0.71 |
| Expenses | 0.36 | 0.40 | 0.44 |
| Operating Margin (%) | 26.53 | 31.03 | 38.03 |
| Net Income | 0.10 | 0.12 | 0.22 |
| ROCE (%) | 0.70 | 0.93 | 1.29 |
All Standalone Data
Bharat Bhushan Finance Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- General corporate purposes
Bharat Bhushan Finance Rights Offer Documents
- Bharat Bhushan Finance Rights Issue Application Form
- Bharat Bhushan Finance Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Bharat Bhushan Finance Rights Issue Dates
| Rights Issue Approval Date | 24 October 2024 |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Bharat Bhushan Finance Rights Offer Lead Manager
Coming soon
Bharat Bhushan Finance Rights Offer Registrar
Coming soon
Bharat Bhushan Finance Issue Contact Details
BHARAT BHUSHAN FINANCE & COMMODITY BROKERS LTD
503, Rohit House, 3 Tolstoy Marg,
New Delhi, 110001
Phone:Â 01149800900
Email:Â [email protected]
Website: www.bharatbhushan.com
Bharat Bhushan Finance Rights Offer FAQs
What is the Bharat Bhushan Finance Rights Issue Price?
The issue price is INR 10 per share.
What is the Bharat Bhushan Finance Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the Bharat Bhushan Finance Rights Issue Record Date?
The Record date is Coming soon.
How to Apply in Bharat Bhushan Finance Rights Offer?
The best way to apply in Bharat Bhushan Finance Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
