₹48.90 Crores | Listing at BSE | Wed, Aug 17, 2022 - Tue, Aug 30, 2022
Add-Shop E-Retail Limited Rights Issue comprises 0.9056 Cr equity shares aggregating to ₹48.90 Cr, offered at an issue price of ₹54 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Aug 8, 2022.
As per the terms of payment, ₹54 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 16, 2022.
The Rights Issue opens on Aug 17, 2022, and closes on Aug 30, 2022, with renunciation of Rights Entitlements permitted up to Aug 24, 2022.
The deemed date of allotment is Sep 8, 2022, following which the equity shares are expected to be credited to demat accounts on Sep 13, 2022 and listed on the BSE on Sep 15, 2022.
Finshore Management Services Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Add-Shop E-Retail Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Aug 8, 2022
Entitlement Ratio
:
Open Date
Wed, Aug 17, 2022
Close Date
Tue, Aug 30, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 44.84 | 78.57 | 7.68 |
| 31-Mar-22 | 50.7 | 159.65 | 19.09 |
| Amount in ₹ Crore | |||
Add-Shop E-Retail Limited, formerly known as Add Shop Promotions Limited, is engaged in the production and distribution of more than 120 products like Ayurveda supplements, animal feed supplements, herbal cosmetics, organic fertilizer, and personal care. The company products are 100% Ayurvedic with no chemicals and cruelty-free.
Add Shop is founded by a visually impaired Mr. Dineshbhai Pandya - a first-generation entrepreneur, trainer, and motivator. The company aims to promote healthy living and implement solutions for two very deep-rooted challenges of our nation - unemployment & unhealthiness of our citizens.
Add Shop has been awarded for being in the Top 100 SME IPO in the year 2018-19. The company has also earned appreciation from the CM of Gujarat for contributing to the cashless revolution and Golden Book of world records for most village assemblies addressed by a differently able person.
The company intends to utilize the issue proceeds toward the following objects:
[Dilip Davda] The company has a good financial performance track record with two bonus issues since listing. This RI is only to public eligible stakeholders. Declining promotor’s holding is a concern. Looking at its current market value, RI appears justifiably priced. Investors may consider an investment with a medium to long term perspective. Read detail review...
Add-Shop E-Retail Limited
B-304 Imperial Height,
150ft Ring Road,
Rajkot-360005, Gujarat, India
Rajkot, Gujarat, 360005
The Add-Shop E-Retail Rights Issue opens on Wed, Aug 17, 2022, and closes on Tue, Aug 30, 2022.
Add-Shop E-Retail Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Tue, Aug 16, 2022 |
| Last Date for renunciation of Rights Entitlements | Wed, Aug 24, 2022 |
| Issue Opening Date | Wed, Aug 17, 2022 |
| Issue Closing Date | Tue, Aug 30, 2022 |
| Date of Allotment (on or about) | Thu, Sep 8, 2022 |
| Date of Credit (on or about) | Tue, Sep 13, 2022 |
| Date of Listing (on or about) | Thu, Sep 15, 2022 |
You can apply for Add-Shop E-Retail Rights Issue in two ways:
Steps to apply for Add-Shop E-Retail Rights Issue using Net Banking (ASBA)
Steps to apply for Add-Shop E-Retail Rights Issue using Registrar's website (R-WAP)
