₹440.96 Crores | Listing at BSE, NSE | Mon, Apr 25, 2022 - Tue, May 10, 2022
Asian Granito India Limited Rights Issue comprises 7.00 Cr equity shares aggregating to ₹440.96 Cr, offered at an issue price of ₹63 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 12, 2022.
As per the terms of payment, ₹63 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Apr 24, 2022.
The Rights Issue opens on Apr 25, 2022, and closes on May 10, 2022, with renunciation of Rights Entitlements permitted up to May 5, 2022.
The deemed date of allotment is May 19, 2022, following which the equity shares are expected to be credited to demat accounts on May 20, 2022 and listed on NSE and BSE on May 24, 2022.
Pantomath Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Asian Granito India Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Apr 12, 2022
Entitlement Ratio
:
Open Date
Mon, Apr 25, 2022
Close Date
Tue, May 10, 2022
| 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 | |||
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.
The company proposes to utilize the Net Proceeds towards funding of the following objects:
[Dilip Davda] Second RI from Asian Granito within a year and that too nearly double the amount of the last RI Issue and that too at a lower price has raised eyebrows. Post RI, AGIL’s paid-up capital will more than double and may face servicing issues. The sustainability of super earnings shown by the company for recent two fiscals is the main concern. Vested interest parties are trying to keep the counter above the RI price. With rising float of shares post RI, it will become difficult to sustain quotes at a fancy rate for long. Those eligible stakeholders who are keen to apply for this IPO should sell their existing holding in the market and apply for their rights entitlements. Read detail review...
Asian Granito India Limited
202, Dev Arc,
Opposite Iskon Tample,
Ahmedabad, Gujarat – 380059
Ahmedabad, Gujarat, 380059
The Asian Granito India Rights Issue 2022 opens on Mon, Apr 25, 2022, and closes on Tue, May 10, 2022.
Asian Granito India Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Sun, Apr 24, 2022 |
| Last Date for renunciation of Rights Entitlements | Thu, May 5, 2022 |
| Issue Opening Date | Mon, Apr 25, 2022 |
| Issue Closing Date | Tue, May 10, 2022 |
| Date of Allotment (on or about) | Thu, May 19, 2022 |
| Date of Credit (on or about) | Fri, May 20, 2022 |
| Date of Listing (on or about) | Tue, May 24, 2022 |
You can apply for Asian Granito India Rights Issue 2022 in two ways:
Steps to apply for Asian Granito India Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Asian Granito India Rights Issue 2022 using Registrar's website (R-WAP)
