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Akshar Spintex Rights Issue 2024 vs Modern Engineering and Projects Rights Issue 2024

Comparision between Akshar Spintex Rights Issue 2024 and Modern Engineering and Projects Rights Issue 2024.

Rights Issue details

Find important information like Listing Exchange, Terms of payment and Entitlement Ratio for Akshar Spintex Rights Issue 2024 and Modern Engineering and Projects Rights Issue 2024. Akshar Spintex Rights Issue 2024 is listed on BSE, NSE while Modern Engineering and Projects Rights Issue 2024 is listed on BSE.

  Akshar Spintex Ltd Modern Engineering and Projects Limited
Logo Akshar Spintex Rights Issue 2024 Logo Modern Engineering and Projects Rights Issue 2024 Logo
Listing At BSE, NSE BSE
Terms of Payment

The entire amount of the Issue Price of Re. 1 per Rights Equity Share shall be payable at the time of Application.

The entire amount of the Issue Price of Rs 40/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 13 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date
Application Form Application Form Application Form
Letter of Offer Letter of Offer Letter of Offer
Registrar Bigshare Services Pvt Ltd Purva Sharegistry India Pvt Ltd
Lead Managers

Rights Issue Size and Price

The issue size of Akshar Spintex Rights Issue 2024 rights issue is ₹48.75 Crores, whereas Modern Engineering and Projects Rights Issue 2024 rights issue size is ₹49.44 Crores.

  Akshar Spintex Ltd Modern Engineering and Projects Limited
Issue Size 48,74,80,500 shares 1,23,60,000 shares
Issue Size (Amount) ₹48.75 Crores ₹49.44 Crores
Issue Price ₹1 per share ₹40 per share
Face Value ₹1 per share ₹10 per share

Rights Issue Timetable

Find all the important dates related to the rights issue. The record date of Akshar Spintex Rights Issue 2024 is Aug 23, 2024 while record date of Modern Engineering and Projects Rights Issue 2024 is Aug 26, 2024.

  Akshar Spintex Ltd Modern Engineering and Projects Limited
Record Date Aug 23, 2024 Aug 26, 2024
Credit of Rights Entitlements Sep 04, 2024 Sep 03, 2024
Bid/Offer Opens On Sep 09, 2024 Sep 05, 2024
Renunciation of Rights Entitlements Sep 24, 2024 Sep 11, 2024
Bid/Offer Closes On Sep 30, 2024 Sep 25, 2024
Deemed Date of Allotment Oct 09, 2024
Credit Date Oct 14, 2024
Listing Date Oct 15, 2024

Financials details

Comparison of Akshar Spintex Rights Issue 2024 and Modern Engineering and Projects Rights Issue 2024 financial data, including total revenue, PAT, and net worth. The table below also includes a list of all relevant documents like the Application Form and Letter of Offer. Related Parties like Lead Manager and Registrar are also mentioned in this section.

  Akshar Spintex Ltd Modern Engineering and Projects Limited
Financial

Akshar Spintex Ltd Financial Information (Restated)

Akshar Spintex Ltd's revenue increased by 29% and profit after tax (PAT) rose by 224.99% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets73.8676.4492.88
Revenue177.91137.92175.57
Profit After Tax3.46-2.767.02
Net Worth43.8840.6443.23
Reserves and Surplus13.8815.6418.23
Total Borrowing18.9817.6725.65
Amount in ₹ Crore

Modern Engineering and Projects Limited Financial Information (Restated Consolidated)

Modern Engineering and Projects Limited's revenue increased by 226.37% and profit after tax (PAT) rose by 44.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets35.7720.793.33
Revenue68.0220.840.08
Profit After Tax-2.53-4.56-0.04
Net Worth-3.98-1.483.07
Reserves and Surplus0.230.240.23
Total Borrowing6.127.14
Amount in ₹ Crore

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