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Asian Granito India Limited Rights Issue (Asian Granito India Rights Issue 2022) Detail

Apr 25, 2022 - May 10, 2022
Asian Granito India Limited Logo

Incorporated in 1995, Asian Granito India Limited is a manufacturer of tiles, quartz stone and marble. The company offers a wide range of products including polished tiles, ceramic glazed tiles, unglazed tiles, rustic and matt finish tiles, bath-ware products, composite marbles, vitrified tiles, etc.

Asian Granito India Limited has expanded its operations internationally to countries including China, Israel, United States of America, Germany, Spain, Italy, Korea, Thailand, Myanmar, Canada, Indonesia, Australia, Bangladesh, Vietnam, Brazil, GCC Countries, Kenya, etc. The company manufactures products for dealers and distributors and also sells products to builders, government supplies, project customers and overseas customers.

Asian Granito India owns 5 manufacturing facilities at multiple locations in the state of Gujarat. All the units have a combined installed production capacity of 2,24,26,500 square meters.

Asian Granito India Rights Issue 2022 Detail

Issue Open Apr 25, 2022 - May 10, 2022
Security Name Asian Granito India Limited
Issue Size (Shares) 7.00 Crores
Issue Size (Amount) ₹440.96 Crores
Issue Price ₹63 per share
Face Value ₹10 per share
Minimum Lot size 1 per share
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment

Investors will have to pay the full amount of Rs 63 on the application.

Entitlement 37 Rights Equity Shares for every 30 fully paid-up Equity Shares held on the Record Date

Asian Granito India Rights Issue 2022 Issue Timetable

Bid/Offer Opens On Apr 25, 2022
Bid/Offer Closes On May 10, 2022
Record Date Apr 12, 2022
Deemed Date of Allotment May 19, 2022
Renunciation of Rights Entitlements May 5, 2022

Company Financials

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Lakhs)
  31-Mar-21 31-Mar-20
Total Assets 1,36,706.15 1,25,910.24
Total Revenue 1,29,582.27 1,23,227.42
Profit After Tax 5,760.91 4,604.58

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards funding of the following objects:

  1. Funding the capital expenditure for setting up of new manufacturing units under the newly incorporated wholly owned subsidiaries of the Company.
  2. Funding the working capital requirements of the Proposed Projects, post commencement of commercial production.
  3. Funding the capital expenditure for setting up of display centre to showcase the entire range of products and capabilities.
  4. General corporate purposes.

Asian Granito India Rights Issue 2022 Documents

Asian Granito India Rights Issue 2022 Rating

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Asian Granito India Rights Issue 2022 Reviews

Company Contact Information

Asian Granito India Limited
202, Dev Arc,
Opposite Iskon Tample,
Ahmedabad, Gujarat – 380059

Phone: +91 079 – 66125500
Email: info@aglasiangranito.com
Website: https://www.aglasiangranito.com/

Asian Granito India Rights Issue 2022 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: agl.rights2022@linkintime.co.in
    Website: https://linkintime.co.in/

Asian Granito India Rights Issue 2022 Lead Manager(s)


22 Comments

22. Raja   I Like It. | Report Abuse |   Link | May 10, 2022 9:12:38 PM Reply
Is during trading time only we need to apply through ASBA, I am having IDFC it's not allowed to enter DP details. Today I called IDFC they told during trading time only we have to apply.
22.1. pRACE   I Like It. | Report Abuse |   Link | May 11, 2022 10:45:53 AM
yes i think all bank cutoff time is also about 2 to 3pm

similar like ipo application timing
21. vikram   I Like It. | Report Abuse |   Link | May 10, 2022 10:20:23 AM Reply
i have buy 50000 @ 2.30 through zerodha which i buy on 04 may . but now it is not showing in my demat account. i have zero knowledge for right issue . please help what to do
21.3. pRACE   I Like It. | Report Abuse |   Link | May 10, 2022 2:13:41 PM
as you have not sold before 5 may, you have option only to apply for rights entitlement, which is good at 63 rupees they are giving where as cmp 85. so apply before it closes.
21.4. Ajit Katariya   I Like It. | Report Abuse |   Link | May 10, 2022 6:52:05 PM
Apply and pay 63*50000 to get the shares. You actual buy price will be 63+2.3 = 65.3 which is less than CMP.
20. bharath   I Like It. | Report Abuse |   Link | Apr 29, 2022 11:32:04 AM Reply
In bank of baroda net banking its asking Composite Application Form number to apply . How can i get this information
20.1. vg   I Like It. | Report Abuse |   Link | May 3, 2022 1:19:32 PM
I entered Dmat number and applied. I dont know i done it right or not
20.2. pRACE   I Like It. | Report Abuse |   Link | May 10, 2022 11:41:38 AM
yes demat number to be filled in CAF
19. akumar   I Like It. | Report Abuse |   Link | May 7, 2022 8:26:05 PM Reply
As ICICI bank is not providing the online ASBA submission, I checked with linkintime that if the application can be submitted online from their site. The linkintime says that this facility is stopped at their site.

Let us urge/write to Sebi that they allow the Linkintime to start this facility. This is very convenient for the users to apply and the site is very useful. The users don't need to depend on banks, which sometimes arbitrarily denying the online ASBA facility and not helping the customers.

Many banks are making arbitrary decisions including ICICI and not providing this ASBA facility.
19.1. pRACE   I Like It. | Report Abuse |   Link | May 10, 2022 11:41:05 AM
showing in BOB ASBA
18. Mahesh   I Like It. | Report Abuse |   Link | May 8, 2022 5:52:10 PM Reply
This is regarding procedure for payment of AGL RIght issue 2022 call money. I am eligible for 3200 Right Entitlement by way of Holding and i bought extra 2000 RE from market so in total I am eligible for 5200 RE. Now i would like to know the procedure for payment of Right issue call Money via ONLINE method (if available ) and if not what is the other way round. It will helpful for me if someone can guide me over the above process. Thanks
18.1. pRACE   I Like It. | Report Abuse |   Link | May 10, 2022 11:40:31 AM
apply today as last day 10 may, it is showing in BOB asba but not in icici.
17. Ankit Vora   I Like It. | Report Abuse |   Link | May 8, 2022 7:29:12 PM Reply
How can i know my CAF/CNN number for online RE apply?
17.1. pRACE   I Like It. | Report Abuse |   Link | May 10, 2022 11:39:48 AM
put your demat account number in CAF
16. Anmol Dalai   I Like It. | Report Abuse |   Link | May 9, 2022 8:15:48 AM Reply
hey i have been holding Asian Tile Shares,now i want to apply for the Right Issues nut unable to do in ICICI Bank.Could you please help me?
16.1. pRACE   I Like It. | Report Abuse |   Link | May 10, 2022 11:39:32 AM
same happened with me as well, but i applied using BOB then.
15. pRACE   I Like It. | Report Abuse |   Link | May 10, 2022 11:38:54 AM Reply
https://web.linkintime.co.in/RIGHTSISSUE/rightsissues-Knowyourapplication.aspx

check number of rights entitlement on link intime...
14. saibu   I Like It. | Report Abuse |   Link | May 10, 2022 10:40:52 AM Reply
iam entitled for 509 shares, but how could i make payment for the same
14.1. pRACE   I Like It. | Report Abuse |   Link | May 10, 2022 11:37:13 AM
similar like ipo ASBA method, it is showing in BOB, put your demat as CAF number and apply as per eligible quantity, cut off price is 63.
13. Jai   I Like It. | Report Abuse |   Link | May 8, 2022 3:53:35 PM Reply
I need help … i was not eligible for the right s but i bought rights from secondary market and because of some confusion in ending date of rights …i could not sell it back … what should i do now? Will i get back My money which i put to buy thode rights or it actuly gone ??
13.1. Arpit   I Like It. | Report Abuse |   Link | May 8, 2022 11:11:40 PM
Make payment through netbank and get them converted into shares
13.2. Jai   I Like It. | Report Abuse |   Link | May 9, 2022 10:02:17 AM
Ohk thanks … can i offer for less quantity then the rights i bought???
12. akumar   I Like It. | Report Abuse |   Link | May 7, 2022 8:12:19 PM Reply
you can download the plain paper format from linkintime site. Take a printout of this. Fill the form and sign it. Then submit the form at the bank which is linked to your demat account. The linkintime web link is : https://web.linkintime.co.in/RIGHTSISSUE/rightsissues-PlainPaper.aspx
11. akumar   I Like It. | Report Abuse |   Link | May 7, 2022 8:04:04 PM Reply
for the banks which is not providing the online ASBA, you can download the plain paper application from linkintime site. Take a printout. Then fill the form. Go to the bank which is linked to your demat account and submit the form. They will block the amount for the rights issue. the linkintime plain paper link is: https://web.linkintime.co.in/RIGHTSISSUE/rightsissues-PlainPaper.aspx
10. rahul katiyar   I Like It. | Report Abuse |   Link | Apr 29, 2022 6:51:11 PM Reply
Can I apply for asian granito right issue through net banking by sbi account which is not linked to my demat account
9. Parveen Kumar   I Like It. | Report Abuse |   Link | Apr 26, 2022 8:58:55 PM Reply
Hello
It ia showing RE share in my ICICI demat account.
1) how can I apply for the rights share online.
2) There is no on line payment link than who can I make payment of my right issue of Asian Granito .
9.1. Ruchir   I Like It. | Report Abuse |   Link | Apr 26, 2022 10:36:43 PM
You can apply in ASBA form sent in mail and physically to bank approved for the issue. List of bank is mentioned in the instructions to the form.
9.2. Yash   I Like It. | Report Abuse |   Link | Apr 28, 2022 1:15:12 PM
Still unable to see option on ICICI ASBA, while other banks are showing.
If anyone finds it, please suggest how to proceed
8. Ansh   I Like It. | Report Abuse |   Link | Apr 28, 2022 11:33:13 AM Reply
The option to apply online via ASBA is now available
7. Anup   I Like It. | Report Abuse |   Link | Apr 27, 2022 2:01:13 PM Reply
the face value of the RE was 10INR, but now it has already fallen to 5, so does it mak sense to apply using the RE which was allocated ? or buy some from market and then apply
6. Hello   I Like It. | Report Abuse |   Link | Apr 26, 2022 9:51:39 AM Reply
It ia showing RE share in my dmat account.
1) how can I apply for the rights share online.
2) if I buy rights if the share from some one who is selling how can I convert it into normal share.

Bhai koi guide mar dete.
6.1. Asoke Sarkar   I Like It. | Report Abuse |   Link | Apr 26, 2022 11:09:46 AM
1. With the help of net banking as we do in case of IPO. You can apply more than your entitlement and may be allotted with twice as well.
2. If you purchase RE share, go to the net banking in the same menu and take option renounce and apply for accordingly. You can do it only after two days of purchase while the RE shares are credited to your demat.
5. ramesh   I Like It. | Report Abuse |   Link | Apr 26, 2022 10:41:55 AM Reply
Did anyone apply for rights issue. please help me with how to do it online
4. Aditya Kamble   I Like It. | Report Abuse |   Link | Apr 26, 2022 9:51:15 AM Reply
No link to make online payment in Link Intime. Also can't find this in ICICI ASBA application. How to apply for this online?
3. V Ramu   I Like It. | Report Abuse |   Link | Apr 25, 2022 8:24:40 PM Reply
How to apply either offline or online