IGC Industries Rights Issue Date, Price, Market Lot, Subscription 2024

IGC Industries Rights Issue Date, Price, Market Lot, Subscription 2024


IGC Industries Rights Issue

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.

IGC Industries Rights Issue entitlement ratio

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)
Figures in INR Crores unless specified otherwise

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.



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