Akshar Spintex Rights Issue is scheduled on 9 – 30 September 2024
Incorporated in 2013, Akshar Spintex is involved in the production and trading of spun cotton yarn. The company manufactures 100% cotton yarn which includes combed, semi combed and carded yarn. Its registered office is situated at Survey No. 102 Kalavad Ranuja Road, Kalavad District Rajkot, Gujarat. The manufacturing facility of the company is situated at Kalavad of Rajkot District in Gujarat state in 1,83,437 sq. ft. area which is in the vicinity of the rich cotton growing areas of Gujarat. The company has installed a capacity of total 24,480 spindles.
Akshar Spintex Rights Issue Details
| Akshar Spintex Rights Issue Date | 9 – 30 September 2024 |
| Akshar Spintex Rights Issue Price | INR 1 per share |
| Issue Size (in Shares) | 48,74,80,500 shares |
| Issue Size (in INR) | INR 48.75 crore |
| Issue Entitlement | 13 equity shares for every 8 equity shares held on record date |
| Terms of Payment | |
| Akshar Spintex Rights Issue Record Date | 23 August 2024 |
| Face Value | INR 1 per share |
| Listing On | NSE, BSE |
Akshar Spintex Rights Issue Calculation
| Akshar Spintex Rights Issue Price | INR 1 per share |
| Market Price on Rights Issue Approval | INR 1.99 per share |
| Dilution Factor (X) | 2.625 |
| Fair Value After Dilution at Prevailing Price | INR 1.38 per share |
Akshar Spintex Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 172.11 | 135.53 | 174.96 |
| Expenses | 161.74 | 137.84 | 168.56 |
| Operating Margin (%) | 9.52 | 1.33 | 6.11 |
| Net Income | 6.98 | (2.76) | 3.46 |
| ROCE (%) | 19 | (4) | 10 |
Akshar Spintex Rights Offer Documents
Akshar Spintex Rights Issue Dates
| Rights Issue Approval Date | 17 August 2024 |
| Rights Issue Record Date | 23 August 2024 |
| Credit of Rights Entitlement | |
| Rights Issue Opening Date | 9 September 2024 |
| Last Date for Market Renunciation | 24 September 2024 |
| Rights Issue Closing Date | 30 September 2024 |
| Finalization of Basis of Allotment | |
| Rights Allotment Date | |
| Credit Date | |
| Listing Date |
Akshar Spintex Rights Offer Lead Manager
Akshar Spintex Rights Offer Registrar
Akshar Spintex LIMITED
Revenue Survey No. 102/2, Paiki, Plot No. 2
Village – Haripar, Ranuja Road, Tal – Kalavad
Jamnagar – 361 013
Phone:Â 98252 13622
Email: [email protected]
Website: www.aksharspintex.in
Akshar Spintex Rights Offer FAQs
What is Akshar Spintex Rights Issue Price?
The issue price is INR 1 per share.
What is Akshar Spintex Rights Issue entitlement ratio?
The eligible shareholders are offered 13 Equity Shares for every 8 Equity Shares held on the record date.
What is Akshar Spintex Rights Issue Record Date?
The Record date is 23 August 2024.
How to Apply in Akshar Spintex Rights Offer?
The best way to apply in Akshar Spintex 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.
