₹15.00 Crores | Listing at BSE | Thu, Nov 18, 2021 - Thu, Dec 2, 2021
Asian Tea & Exports Ltd. Rights Issue comprises 1.00 Cr equity shares aggregating to ₹15.00 Cr, offered at an issue price of ₹15 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Nov 9, 2021.
As per the terms of payment, ₹15 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 15, 2021.
The Rights Issue opens on Nov 18, 2021, and closes on Dec 2, 2021, with renunciation of Rights Entitlements permitted up to Nov 26, 2021.
The deemed date of allotment is Dec 13, 2021, following which the equity shares are expected to be credited to demat accounts on Dec 14, 2021 and listed on the BSE on Dec 17, 2021.
Finshore Management Services Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Asian Tea & Exports Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Nov 9, 2021
Entitlement Ratio
:
Open Date
Thu, Nov 18, 2021
Close Date
Thu, Dec 2, 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 | |
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.
The Proceeds from the Issue will be utilized towards funding of the following objects:
[Dilip Davda] This is a small player in the FMCG segment. This segment is gaining ground and has steady growth prospects going forward. Based on its earnings, the RI is fully priced. Hence cash surplus investors may consider an investment with a long term perspective. Read detail review...
Asian Tea & Exports Ltd.
Sikkim Commerce House,
4,/1, Middteton Street,
Kotkata - 700 071, West Bengal
The Asian Tea Rights Issue opens on Thu, Nov 18, 2021, and closes on Thu, Dec 2, 2021.
Asian Tea Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Mon, Nov 15, 2021 |
| Last Date for renunciation of Rights Entitlements | Fri, Nov 26, 2021 |
| Issue Opening Date | Thu, Nov 18, 2021 |
| Issue Closing Date | Thu, Dec 2, 2021 |
| Date of Allotment (on or about) | Mon, Dec 13, 2021 |
| Date of Credit (on or about) | Tue, Dec 14, 2021 |
| Date of Listing (on or about) | Fri, Dec 17, 2021 |
You can apply for Asian Tea Rights Issue in two ways:
Steps to apply for Asian Tea Rights Issue using Net Banking (ASBA)
Steps to apply for Asian Tea Rights Issue using Registrar's website (R-WAP)
