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Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Asian Tea & Exports is engaged in tea plantation and manufacturing, trading, and exports of tea. The company provides an end-to-end solution to its customers from sourcing tea of all origins, tasting, customizing blends, providing specialty teas and flavored teas, to third-party labeling and packaging. The company is recognized by the Government of India as a Star Export House.
Asian Tea & Exports is also engaged in the International and Domestic trade of foodstuff and other commodities like pulses, soybean, cashew nut, etc. These products are traded internationally with countries like Russia, Ukraine, Lithuania, Canada, Argentina, Tanzania, Mozambique, Benin, Burma & others. The company exports rice, sugar, and other commodities to countries in Africa, the Middle East, and other countries.
The company has received several prestigious awards and recognition like Niryat Shree Export Award by FIEO, Ministry of Commerce, Government of India for excellence in exports.
| Issue Open | November 18, 2021 - December 2, 2021 |
| Security Name | Asian Tea & Exports Ltd. |
| Issue Size (Shares) | 10,000,000 |
| Issue Size (Amount) | ₹15.00 Crores |
| Issue Price | ₹15 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of the Issue Price being ₹ 15/- per equity shares will be payable on application. |
| Entitlement | 1 rights equity shares for every 1 equity shares held on the record date |
| Record Date | November 9, 2021 |
| Credit of Rights Entitlements | November 15, 2021 |
| Bid/Offer Opens On | November 18, 2021 |
| Renunciation of Rights Entitlements | November 26, 2021 |
| Bid/Offer Closes On | December 2, 2021 |
| Deemed Date of Allotment | December 13, 2021 |
| Credit Date | December 14, 2021 |
| Listing Date | December 17, 2021 |
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 821.78 | 854.78 | |
| Total Income | 1,238.80 | 2,381.97 | |
| Profit After Tax | 36.70 | 27.74 | |
The Proceeds from the Issue will be utilized towards funding of the following objects:
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Asian Tea & Exports Ltd.
Sikkim Commerce House,
4,/1, Middteton Street,
Kotkata - 700 071, West Bengal
Phone: +97 33 2287 9732
Email: info@asianteaexports.com,
Website: https://www.asianteaexports.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
The Asian Tea Rights Issue opens on November 18, 2021, and closes on December 2, 2021.
Asian Tea Rights Issue Schedule
| Last Date for credit of Rights Entitlements | November 15, 2021 |
| Last Date for renunciation of Rights Entitlements | November 26, 2021 |
| Issue Opening Date | November 18, 2021 |
| Issue Closing Date | December 2, 2021 |
| Date of Allotment (on or about) | December 13, 2021 |
| Date of Credit (on or about) | December 14, 2021 |
| Date of Listing (on or about) | December 17, 2021 |
Asian Tea Rights Issue price is set at ₹15 per share per equity share.
The eligible shareholders are being offered 1 rights equity shares for every 1 equity shares held on the record date (November 9, 2021).
The record date for the Asian Tea Rights Issue is November 9, 2021.
The issue size of Asian Tea Rights Issue is of 10,000,000 equity shares at ₹15 per share aggregating upto ₹15.00 Crores.
The Letter of Offer for Asian Tea Rights Issue can be download here.
You can apply for Asian Tea Rights Issue in two ways:
Steps to apply for Asian Tea Rights Issue using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Asian Tea Rights Issue using Registrar's website (R-WAP)
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