AKG EXIM Limited Rights Issue (AKG EXIM Rights Issue 2022) Detail

₹25.42 Crores | Listing at NSE | Thu, Dec 29, 2022 - Wed, Jan 25, 2023

AKG EXIM Limited Logo

AKG EXIM Limited Rights Issue comprises 2.12 Cr equity shares aggregating to ₹25.42 Cr, offered at an issue price of ₹12 per share with a face value of ₹10 per share.

The record date for determining eligible shareholders is Dec 16, 2022.

As per the terms of payment, ₹12 per share payable in full at the time of application.

The Rights Issue opens on Dec 29, 2022 and closes on Jan 25, 2023.

Record Date

Fri, Dec 16, 2022

Entitlement Ratio

:

Open Date

Thu, Dec 29, 2022

Close Date

Wed, Jan 25, 2023

Rights Issue Details

AKG EXIM Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-2135.6104.581.369.21
31-Mar-2244.99186.81.9412
Amount in ₹ Crore

About AKG EXIM Limited

AKG Exim Ltd is an international commodity-trading house with trade operations in India and Asia. AKG Exim Ltd is a leading distributor, indenter and intermediary for metal scrap, mineral and chemicals products for Indian and global markets.

The company is networked across the global continents and countries to span our growth of trading business in a diversified product portfolio classified primarily in the following categories:

Ferrous :

  • Heavy Melting Steel Scrap As per ISRI , (HMS 1 & 2)
  • Light Melting Scrap (Bundles , Lose )
  • Cast Iron , Auto Purja

Non-Ferrous:

  • Aluminum Scrap
  • Lead Battery Scrap

Rights Issue Review

[Dilip Davda] The company came with its maiden IPO at Rs. 31 per share and now it is offering rights at a price of Rs. 12 per share. Its earnings performance so far has been average. Post RI, its paid-up equity capital will be trebled and may pose servicing issues. However, as the RI is at a hefty discount to its current market value, cash surplus/risk seekers may consider an investment. Read detail review...

Company Contact Information

AKG EXIM Limited
H.B. Twin Tower, 07th
Floor, Max Hospital Building,
Netaji Subhash Place, Pitampura, Delhi-110034
Pitampura, New Delhi, 110034

Rights Issue Registrar

    Rights Issue FAQs

    The AKG EXIM Rights Issue 2022 opens on Thu, Dec 29, 2022, and closes on Wed, Jan 25, 2023.

    AKG EXIM Rights Issue 2022 Schedule

    Last Date for credit of Rights Entitlements
    Last Date for renunciation of Rights EntitlementsThu, Jan 19, 2023
    Issue Opening DateThu, Dec 29, 2022
    Issue Closing DateWed, Jan 25, 2023
    Date of Allotment (on or about)
    Date of Credit (on or about)
    Date of Listing (on or about)
    AKG EXIM Rights Issue 2022 price is set at ₹12 per share.
    The eligible shareholders are being offered 2 Equity Shares for every 1 Equity shares held on the Record Date (Fri, Dec 16, 2022).
    The record date for the AKG EXIM Rights Issue 2022 is Fri, Dec 16, 2022.
    The issue size of AKG EXIM Rights Issue 2022 is of 2,11,84,384 equity shares at ₹12 per share aggregating up to ₹25.42 Crores.
    The Letter of Offer for AKG EXIM Rights Issue 2022 is not available at this time.

    You can apply for AKG EXIM Rights Issue 2022 in two ways:

    1. Net Banking (ASBA)
    2. Registrar's Website (R-WAP Facility)

    Steps to apply for AKG EXIM Rights Issue 2022 using Net Banking (ASBA)

    1. Log in to the net banking account of your bank.
    2. Go to the 'IPO & Rights Issue' section.
    3. Check if the AKG EXIM Rights Issue 2022 is available on the list.
    4. Click the Apply button next to the AKG EXIM Rights Issue 2022.
    5. Fill and check your information.
    6. Submit the application.

    Steps to apply for AKG EXIM Rights Issue 2022 using Registrar's website (R-WAP)

    1. Visit registrar's website
    2. Go to the 'Rights Issue' section
    3. Select AKG EXIM Rights Issue 2022 from the dropdown.
    4. Enter Demat Account Number.
    5. Fill the online application form.
    6. Validate and submit the application.

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