₹49.14 Crores | Listing at NSE | Tue, Jun 13, 2023 - Tue, Jul 4, 2023
Debock Industries Limited Rights Issue comprises 3.28 Cr equity shares aggregating to ₹49.14 Cr, offered at an issue price of ₹15 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jun 1, 2023, with the Rights Issue being offered in the entitlement ratio of 3 : 7.
The term of payment is defined as following : The full amount of the Issue Price being ₹ 10 will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jun 13, 2023, and closes on Jul 4, 2023, with renunciation of Rights Entitlements permitted up to Jun 30, 2023.
The deemed date of allotment is Jul 5, 2023, following which the equity shares are expected to be credited to demat accounts on Jul 6, 2023 and listed at the NSE on Jul 7, 2023.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Debock Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Jun 1, 2023
Entitlement Ratio
3 : 7
Open Date
Tue, Jun 13, 2023
Close Date
Tue, Jul 4, 2023
The full amount of the Issue Price being ₹ 10 will be payable on application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 65.13 | 18.70 | 0.79 | 23.33 | 15.11 | 12.52 |
| 31-Mar-21 | 54.31 | 30.78 | 2.12 | 25.45 | 17.24 | 21.24 |
| 31-Mar-22 | 91.14 | 97.41 | 6.73 | 69.68 | 27.71 | 14.62 |
| Amount in ₹ Crore | ||||||
Incorporated in 2008, Debock Industries Limited previously known as Debock Sales and Marketing Private Limited manufactures agricultural equipment.
The company manufactures and supplies Tractor Trolley, Agricultural Thresher, Mould Board Ploughs, Mounted Disc Ploughs, Tillers, Tanker, Combine Machine, Seed Drill Machine, Mounted Disc Harrows, Tractor Cultivators, Chaff Cutters, etc.
Debock Industries' business operations are all spread in and around Jaipur. They have manufacturing facilities located at Panwad Mod, NH-12, Gopipura Post, Deoli, Tonk Rajasthan.
The company also ventured into the hospitality services industry in July 2015 by building two mid-scale hotels:
(a) Hotel Debcok Inn, situated at Deoli in the Tonk District of Rajasthan, and
(b) Debock Resort on NH 12 (Kota - Jaipur).
They lease their hotel assets for a period ranging from 5 to 10 years.
The company recorded a total revenue of Rs. 9,741.03 lacs on March 31, 2022, and Rs. 3,077.98 lacs on March 31, 2021.
The company intends to utilize the proceeds from the net issue for the following objects:
1. Meeting incremental working capital requirements, and
2. General corporate purposes.
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its product range is not that appealing and the hospitality business is given on a long-term lease. Its offer document has garble in financial data. Post-RI equity capital at Rs. 109+ cr. may face servicing issues. There is no harm in avoiding this “High Risk/Low Return” dicey bet. Read detail review...
Debock Industries Limited
51, Lohiya Colony,
200ft Bye Pass,
Vaishali Nagar Jaipur-302021
Vaishali, Bihar, 302021
The Debock Industries Rights Issue 2023 opens on Tue, Jun 13, 2023, and closes on Tue, Jul 4, 2023.
Debock Industries Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Jun 30, 2023 |
| Issue Opening Date | Tue, Jun 13, 2023 |
| Issue Closing Date | Tue, Jul 4, 2023 |
| Date of Allotment (on or about) | Wed, Jul 5, 2023 |
| Date of Credit (on or about) | Thu, Jul 6, 2023 |
| Date of Listing (on or about) | Fri, Jul 7, 2023 |
You can apply for Debock Industries Rights Issue 2023 in two ways:
Steps to apply for Debock Industries Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Debock Industries Rights Issue 2023 using Registrar's website (R-WAP)
