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Rights Issue Status: Open [12th Sep 2024 to 27th Sep 2024]
Vardhman Polytex Limited is offering a rights issue of Rs 49.84 Cr. The subscription period for this rights issue will be from 12 Sep 2024 to 27 Sep 2024. The company issues entitlement of 07 Rights equity shares for every fully paid-up 23 equity shares held on the record date of 28 Aug 2024. The face value of a share is Rs. 01 per share and the right issue price is fixed at Rs. 06 per share.
Stay connected with us to more about Vardhman Polytex Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses for the following objects:
| Vardhman Polytex Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 8.31 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹49.84 Cr |
| Face Value | ₹1 Per Equity Share |
| Rights Issue - Issue Price | ₹6 per share |
| Rights Issue Record Date | 28th Aug 2024 |
| Rights Issue Entitlement | 7 Rights Equity Share(s) for every 23 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | The entire amount of the Issue Price of Rs 6/- per Rights Equity Share shall be payable at the time of Application. |
| Listing At | BSE, NSE |
| BSE Code | 514175 |
| NSE Code | VARDMNPOLY |
In this section we have covered all important dates related to Vardhman Polytex 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 | 12th Sep 2024 |
| Rights Issue Issue Close Date | 27th Sep 2024 |
| Basis of Allotment Finalisation Date* | 8th Oct 2024 |
| Refunds Initiation* | 24th Sep 2024 |
| Credit of Shares to Demat Account* | 10th Oct 2024 |
| Rights Issue Listing Date* | 11th Oct 2024 |
* - Tentative Dates
Zerodha Trade@20
Vardhman Polytex Limited was founded in August 1980. The company is engaged in the manufacture of cotton and blended yarns. It has manufacturing facilities in Ludhiana and Nalagarh in India. The main activity of the company is the manufacture of yarns and garments. The product range includes yarns and garments. The company generates most of its revenue from the textile business.
The company's diverse yarn portfolio includes cotton (combed, organic, BCI), cotton-polyester blends and high quality yarns (grey) in different yarn counts using the best raw materials.
The company is very familiar with textile technology as it has been active in this field for 7 decades. Its spinning technology has globally recognised machines from Germany, Switzerland, Italy, USA, Japan and India from renowned manufacturers like Rieter LMW, Kirloskar Totoya, Murata, Schlafhorst, Suessen, Loptex, Uster, Premier Evolvics, Mesdan, Volkmann and Luwa, which ensure the quality of products and efficiency of operations.
Past performance and financial results of Vardhman Polytex .
Vardhman Polytex Ltd.'s revenue decreased by -36% and profit after tax (PAT) dropped by -1894% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 275.6 | 291.41 | ||||||||||||||||||
| Revenue | 399.61 | 621.67 | ||||||||||||||||||
| Profit After Tax | -26.76 | 1.49 | ||||||||||||||||||
| Net Worth | -361.04 | -362.31 | ||||||||||||||||||
| Reserves and Surplus | -394.32 | -382.81 | ||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Vardhman Polytex Rights Issue Offer Document (Letter of Offer) >>Document
Vardhman Polytex Rights Issue Offer Document (Letter of Offer) >>Vardhman Polytex Rights Issue Red Herring Prospectus is not yet available.
Vardhman Polytex Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Vardhman Polytex Rights Issue Online Application (Registrar & Transfer Agent) >>Vardhman Polytex Rights Issue RTA information is not yet available.
Last Updated on 2024-09-16T05:32:46+00:00
