IGC Industries Rights Issue is scheduled on 4 – 18 Nov 2024
Founded in 1980, IGC Industries is a trader, exporter, agent, representative, dealer, producer, stocker, importer, or distributor of various commodities. The company may also engage in the business of manufacturing, producing, processing, importing, exporting, buying, selling, and dealing in all kinds of fibers, fabrics, and textile and hosiery goods, whether prepared or manufactured from cotton or other materials. The company is equipped to handle a diverse range of materials, including metals, plastics, melamine, aluminum, and steel, as well as aluminum foil and raw aluminum products.
IGC Industries specializes in loose packaging and provides organic fennel seeds, organic jeera (cumin), cotton, and turmeric. IGC Industries, headquartered in Kolkata, specializes in trading agro commodities, with a strong emphasis on the local market. Led by an experienced management team, the company primarily conducts business offline, collaborating with key merchants in the region. As of August 2024, the company employs 3 permanent staff members.
Promoters of the IGC Industries – Disha Abhishek Mehta
IGC Industries Rights Issue Details
| IGC Industries Rights Issue Date | 4 – 18 November 2024 |
| IGC Industries Rights Issue Price | INR 13 per share |
| Issue Size (in Shares) | 3,24,80,000 shares |
| Issue Size (in INR) | INR 42.22 crore |
| Issue Entitlement | 29 equity shares for every 2 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| IGC Industries Rights Issue Record Date | 18 October 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
IGC Industries Rights Issue Calculation
| IGC Industries Rights Issue Price | INR 13 per share |
| Market Price on Rights Issue Approval | INR 31 per share |
| Dilution Factor (X) | 15.5 |
| Fair Value After Dilution at Prevailing Price | INR 13.23 per share |
IGC Industries Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 0.00 | 0.00 | 0.00 |
| Expenses | 0.38 | 0.18 | 0.15 |
| Net income | (0.35) | (0.18) | (0.39) |
| ROCE (%) | (2.29) | (1.27) | (1.19) |
IGC Industries Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- Working Capital Requirements
- General Corporate Purposes
IGC Industries Rights Offer Documents
IGC Industries Rights Issue Dates
| Rights Issue Approval Date | 15 October 2024 |
| Rights Issue Record Date | 18 October 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 4 November 2024 |
| Last Date for Market Renunciation | 12 November 2024 |
| Rights Issue Closing Date | 18 November 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
IGC Industries Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 22 22 3570 0224
Email: [email protected]
Website: www.purvashare.com
IGC INDUSTRIES LIMITED
12 Government Place (East), 1st Floor Formerly
Hemanta Basu Sarani, Kolkata-400069
Phone: 022 28020017/18
E-mail: [email protected]
Website: www.igcindustriesltd.com
IGC Industries Rights Offer FAQs
What is the IGC Industries Rights Issue Price?
The issue price is INR 13 per share.
What is the IGC Industries Rights Issue entitlement ratio?
The eligible shareholders are offered 29 Equity Shares for every 2 Equity Shares held on the record date.
What is the IGC Industries Rights Issue Record Date?
The Record date is 18 October 2024.
How to Apply in the IGC Industries Rights Offer?
The best way to apply in the IGC Industries 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.
