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Rights Issue Status: Open [9th Sep 2024 to 30th Sep 2024]
Akshar Spintex is offering a rights issue of Rs 48.75 Cr. The subscription period for this rights issue will be from 9 Sep to 30 Sep 2024. The company issues entitlement of 13 Rights equity shares for every 8 fully paid-up equity shares held on the record date of 23 Aug 2024. The face value of a share is Rs. 1 per share and the right issue price is fixed at Rs. 1 per share.
Stay connected with us to more about Akshar Spintex Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The Company proposes to utilize the net proceeds raised through the Issue for the below mentioned Objects:
| Akshar Spintex Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 48.75 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹48.75 Cr |
| Face Value | ₹1 Per Equity Share |
| Rights Issue - Issue Price | ₹1 per share |
| Rights Issue Record Date | 23rd Aug 2024 |
| Rights Issue Entitlement | 13 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | The entire amount of the Issue Price of Re. 1 per Rights Equity Share shall be payable at the time of Application. |
| Listing At | BSE, NSE |
| BSE Code | 541303 |
| NSE Code | AKSHAR |
In this section we have covered all important dates related to Akshar Spintex Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 9th Sep 2024 |
| Rights Issue Issue Close Date | 30th Sep 2024 |
| Basis of Allotment Finalisation Date* | 9th Oct 2024 |
| Refunds Initiation* | 24th Sep 2024 |
| Credit of Shares to Demat Account* | 14th Oct 2024 |
| Rights Issue Listing Date* | 15th Oct 2024 |
* - Tentative Dates
Zerodha Trade@20
Incorporated in 2013, Akshar Spintex operates in the textile sector. The company manufactures cotton yarn, including combed, semi-combed, and carded yarn.
Its product range includes fibres (100% natural cotton, 100% BCI Certified Cotton, 100% organic certified cotton, 100% Model, 100% Excel, etc.) and Yarn (100% Carded Cotton Yarn, 100% Semi Combed Cotton Yarn, 100% Combed Cotton Yarn, Slub Yarn, Fancy yarn, Melange Yarn, Blended Yarn, etc.)
It has a manufacturing setup facility of 220,000 square feets in Kalavad, Jamnagar, Gujarat with capacity of 24,480 spindles with annual production of 7,500 MT.
Past performance and financial results of Akshar Spintex .
Akshar Spintex Ltd's revenue increased by 29% and profit after tax (PAT) rose by 224.99% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 73.86 | 76.44 | 92.88 |
| Revenue | 177.91 | 137.92 | 175.57 |
| Profit After Tax | 3.46 | -2.76 | 7.02 |
| Net Worth | 43.88 | 40.64 | 43.23 |
| Reserves and Surplus | 13.88 | 15.64 | 18.23 |
| Total Borrowing | 18.98 | 17.67 | 25.65 |
| Amount in ₹ Crore | |||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Akshar Spintex Rights Issue Offer Document (Letter of Offer) >>Document
Akshar Spintex Rights Issue Offer Document (Letter of Offer) >>Akshar Spintex Rights Issue Red Herring Prospectus is not yet available.
Akshar Spintex Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Akshar Spintex Rights Issue Online Application (Registrar & Transfer Agent) >>Akshar Spintex Rights Issue RTA information is not yet available.
Last Updated on 2024-09-16T05:32:46+00:00
