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Asian Tea & Exports Ltd. Rights Issue (Asian Tea Rights Issue) Detail

November 18, 2021 - December 2, 2021
Asian Tea & Exports Ltd. Logo

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.

Asian Tea Rights Issue Detail

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

Asian Tea Rights Issue Issue Timetable

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

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended ( 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

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects:

  • Funding of working capital requirements of the company
  • To meet the Issue Expenses
  • General Corporate Purposes 

Asian Tea Rights Issue Documents

Asian Tea Rights Issue Rating

Rating:Rated 4.6 stars
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Asian Tea Rights Issue Reviews

Company Contact Information

Asian Tea & Exports Ltd.
Sikkim Commerce House,
4,/1, Middteton Street,
Kotkata - 700 071, West Bengal

Phone: +97 33 2287 9732

Asian Tea Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390

Asian Tea Rights Issue Lead Manager(s)

Asian Tea Rights Issue FAQs

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 EntitlementsNovember 15, 2021
Last Date for renunciation of Rights EntitlementsNovember 26, 2021
Issue Opening DateNovember 18, 2021
Issue Closing DateDecember 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:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Asian Tea Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Asian Tea Rights Issue available on the list.
  4. Click the Apply button next to the Asian Tea Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

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)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Asian Tea Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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