Asian Petroproducts Rights Issue is scheduled on 11 – 25 November 2024
Asian Petroproducts and Exports have diversified into packaging its traded products using plastic materials, including LDPE and HDPE plastic bags, in compliance with government regulations. The company has also broadened its trading operations to encompass a range of products such as Rubber Processed Oil (RPO), Furnace Oil, Petrochemicals, Solar products, LDPE/HDPE granules, and other related products.
The company serves a wide range of industries across the country, supplying petrochemical products to prominent clients like Aditya International and Biozor Energy in western India, while also expanding its reach to companies in northern India. Its primary focus is on providing chemical products and bio-fuels to the infrastructure sector, specialized industries such as upstream hydrocarbon exploration, and export-oriented sectors to meet the increasing demand.
Currently, the company operates in the states of Gujarat and Maharashtra, with a strong focus on importing various goods from Dubai.
Promoters of Asian Petroproducts – Jaykishor Chaitanyakishor Chaturvedi, Ankur Jaykishor Chaturvedi, Siddharth Jaykishor Chaturvedi, and Mansa Masta
Asian Petroproducts Rights Issue Details
| Asian Petroproducts Rights Issue Date | 11 – 25 November 2024 |
| Asian Petroproducts Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 1,58,90,416 shares |
| Issue Size (in INR) | INR 15.89 crore |
| Issue Entitlement | 11 equity shares for every 6 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Asian Petroproducts Rights Issue Record Date | 30 October 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Asian Petroproducts Rights Issue Calculation
| Asian Petroproducts Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 23.10 per share |
| Dilution Factor (X) | 2.83 |
| Fair Value After Dilution at Prevailing Price | INR 14.62 per share |
Asian Petroproducts Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment of unsecured loans availed by the company from Promoter and Promoter Group of the company
- Funding of working capital requirements of the company
- General corporate purposes
Asian Petroproducts Rights Offer Documents
Asian Petroproducts Rights Issue Dates
| Rights Issue Approval Date | 25 October 2024 |
| Rights Issue Record Date | 30 October 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 11 November 2024 |
| Last Date for Market Renunciation | 18 November 2024 |
| Rights Issue Closing Date | 25 November 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Asian Petroproducts Rights Offer Registrar
ADROIT CORPORATE SERVICES PRIVATE LIMITED
17-20, Jafarbhoy Industrial Estate, 1st Floor, Makawana Road,
Marol Naka, Andheri ( East), Mumbai 400 059, Maharashtra
Phone:Â +91 224 227 0400
Email: [email protected]
Website:Â www.adroitcorporate.com
ASIAN PETROPRODUCTS AND EXPORTS LIMITED
24, Suwermapuri Society, Chikuwadi, Near Jetalpur Road,
Alkapuri, Vadodara – 390 007, Gujarat, India
Phone:Â +91 265 3584403
Email: [email protected]
Website: www.asianpetro.in
Asian Petroproducts Rights Offer FAQs
What is the Asian Petroproducts Rights Issue Price?
The issue price is INR 10 per share.
What is the Asian Petroproducts Rights Issue entitlement ratio?
The eligible shareholders are offered 11 Equity Shares for every 6 Equity Shares held on the record date.
What is the Asian Petroproducts Rights Issue Record Date?
The Record date is 30 October 2024.
How to Apply in Asian Petroproducts Rights Offer?
The best way to apply in Asian Petroproducts 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.
