₹250.00 Crores | Listing at BSE, NSE | Fri, Dec 30, 2022 - Thu, Jan 19, 2023
Anjani Portland Cement Limited Rights Issue comprises 1.26 Cr equity shares aggregating to ₹250.00 Cr, offered at an issue price of ₹197 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, ₹197 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 26, 2022.
The Rights Issue opens on Dec 30, 2022, and closes on Jan 19, 2023, with renunciation of Rights Entitlements permitted up to Jan 13, 2023.
The deemed date of allotment is Jan 25, 2023, following which the equity shares are expected to be credited to demat accounts on Jan 27, 2023 and listed on NSE and BSE on Feb 1, 2023.
Saffron Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Anjani Portland Cement Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 16, 2022
Entitlement Ratio
:
Open Date
Fri, Dec 30, 2022
Close Date
Thu, Jan 19, 2023
| Particulars | For the year/period ended (Rs.in Lakhs) | ||
|---|---|---|---|
| 31-Mar-22 | |||
| Total Assets | 111,660 | ||
| Total Income | 80,436 | ||
| Profit After Tax | 4,199 | ||
Anjani Portland Cement Limited is engaged in the business of cement manufacturing. The company is part of the Chettinad group which is one of the prominent business houses in South India. The company operates two production lines in Cement Plant with an installed production capacity of 11,60,000 MT per annum. Line 1 was set up in 1999 and comprises of a five stage pre-heater and pre-calciner and has an installed production capacity of 4,00,000 MT per annum and Line 2 was set up in 2010 and comprises of a five stage pre-heater and pre-calciner and has an installed production capacity of 7,60,000 MT per annum.
The Company manufactures Ordinary Portland Cement ("OPC"), Portland Pozzolana Cement ("PPC") and Composite Cement ("CC").
The details of the Net Proceeds are as follows:
1. Part repayment and/or prepayment of Inter-Corporate Deposits availed by the Company from the Promoters.
2. Issue related expenses.
[Dilip Davda] APCL is the Chettinad group cement manufacturing arm. It suffered a severe setback for H1 of FY23 and based on it the RI appears aggressively priced. 75% promoter’s holding is the strong point. The cement industry is poised for bright prospects going forward. Well-informed investors may park funds with a long-term perspective. Read detail review...
Anjani Portland Cement Limited
6-3-553, Unit No. E3 & E4,
4th Floor, Quena Square Off. Taj Deccan Road,
Erramanzil, Hyderabad – 500 082,
Hyderabad, Telangana, 500082
The Anjani Portland Cement Rights Issue 2022 opens on Fri, Dec 30, 2022, and closes on Thu, Jan 19, 2023.
Anjani Portland Cement Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Mon, Dec 26, 2022 |
| Last Date for renunciation of Rights Entitlements | Fri, Jan 13, 2023 |
| Issue Opening Date | Fri, Dec 30, 2022 |
| Issue Closing Date | Thu, Jan 19, 2023 |
| Date of Allotment (on or about) | Wed, Jan 25, 2023 |
| Date of Credit (on or about) | Fri, Jan 27, 2023 |
| Date of Listing (on or about) | Wed, Feb 1, 2023 |
You can apply for Anjani Portland Cement Rights Issue 2022 in two ways:
Steps to apply for Anjani Portland Cement Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Anjani Portland Cement Rights Issue 2022 using Registrar's website (R-WAP)
