Lesha Industries Rights Issue is scheduled on 22 Jul – 5 Aug 2024
Lesha Industries primarily engages in the trading and manufacturing of various steel products and the business of Information Technology & Allied Services. The company also operates in the capital market, dealing in shares and stocks.
The company operates two main businesses:
- Steel Division: The company is currently engaged in trading various steel products. Its steel plant, located at GIDC Kerala Estate near Ahmedabad, is under implementation. The main products that the company will manufacture include M.S. ingots, M.S. billets, S.S. billets, and rolled products like rounds, bars, and sections.
- Information Technology Division: The company provides cutting-edge technological services in the heterogeneous networking segment. Specializing in cost-effective e-governance infrastructure, it offers internet and allied services in Western India, based in Gujarat. Managed by professionals with over 12 years of IT experience, the company excels in internet access, web solutions, networking, data entry, hardware distribution, and database management.
Promoters of Lesha Industries – Mr. Ashok Chinubhai Shah, and Shalin Ashok Shah
Lesha Industries Rights Issue Details
| Lesha Industries Rights Issue Date | 22 Jul – 5 Aug 2024 |
| Lesha Industries Rights Issue Price | INR 2.80 per share |
| Issue Size (in Shares) | 17,60,00,000 shares |
| Issue Size (in INR) | INR 49.28 crore |
| Issue Entitlement | 7 equity shares for every 30 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Lesha Industries Rights Issue Record Date | 10 July 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Lesha Industries Rights Issue Calculation
| Lesha Industries Rights Issue Price | INR 2.80 per share |
| Market Price on Rights Issue Approval | INR 3.87 per share |
| Dilution Factor (X) | 2.6 |
| Fair Value After Dilution at Prevailing Price | INR 3.21 per share |
Lesha Industries Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 7.25 | 6.90 | 11.56 |
| Expenses | 6.76 | 6.71 | 10.73 |
| Operating Margin (%) | 6.76 | 2.80 | 63.22 |
| Net Income | 0.40 | 0.20 | 7.18 |
| ROCE (%) | 2.85 | 0.92 | – |
Lesha Industries Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet Working Capital requirements – INR 10.11 crore
- To purchase of new office – INR 6 crore
- Adjustment of Unsecured Loans of Promoter/Promoter Group towards Rights Equity Shares Application Money – INR 20.42 crore
- General corporate purposes – INR 12 crore
Lesha Industries Rights Offer Documents
Lesha Industries Rights Issue Dates
| Rights Issue Approval Date | 5 July 2024 |
| Rights Issue Record Date | 12 July 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 22 July 2024 |
| Last Date for Market Renunciation | 27 July 2024 |
| Rights Issue Closing Date | 5 August 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Lesha Industries Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PVT. LTD.
9, Shiv Shakti Industrial Estate, J.R.Boricha
Marg Lower Parel (East), Mumbai-400011
Telephone: +91 022-3199 8810 / 4961 4132 / 4970 0138
Email: [email protected]
Website: www.purvashare.com
LESHA INDUSTRIES LIMITED
7th Floor, Ashoka Chambers, Mithakali Six Roads,
Ahmedabad-380006, Gujarat, India
Phone: +91-79-26463227
E-mail: [email protected]
Website: www.lesha.in
Lesha Industries Rights Offer FAQs
What is the Lesha Industries Rights Issue Price?
The issue price is INR 2.80 per share.
What is the Lesha Industries Rights Issue entitlement ratio?
The eligible shareholders are offered 8 Equity Shares for every 5 Equity Shares held on the record date.
What is the Lesha Industries Rights Issue Record Date?
The Record date is 12 July 2024.
How to Apply for the Lesha Industries Rights Offer?
The best way to apply for the Lesha 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.
