Balkrishna Paper Mills Limited was founded in 2013 and manufactures paper and board based on recycled pulp. The company was previously known as Nirvikara Paper Mills Limited.
The company’s production facility is located in Ambivali, Maharashtra, and has a total capacity of 60,000 TPA.
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.
Balkrishna Paper Mills Rights Issue 2024 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 Rights Issue 2024 Issue Timetable
| 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 Financials
Balkrishna Paper Mills Ltd Financial Information (Restated)
Balkrishna Paper Mills Ltd’s revenue decreased by -55.25% and profit after tax (PAT) dropped by -1006.66% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 | ||
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.
Company Contact Information
Balkrishna Paper Mills Ltd
A/7, Trade World,
Kamala City, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013
Phone: +91 22 6120 7900
Email: bpmho@bpml.in
Website: https://www.bpml.in/