Comparison between Akshar Spintex Rights Issue 2024 and Modern Engineering and Projects Rights Issue 2024.
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 |  |  |
| 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 |
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 |
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 |
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| 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.
| 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.
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