₹25.49 Crores | Listing at BSE, NSE | Wed, May 25, 2022 - Wed, Jun 8, 2022
Dynemic Products Limited Rights Issue comprises 0.0566 Cr equity shares aggregating to ₹25.49 Cr, offered at an issue price of ₹450 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is May 13, 2022.
As per the terms of payment, ₹450 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on May 24, 2022.
The Rights Issue opens on May 25, 2022, and closes on Jun 8, 2022, with renunciation of Rights Entitlements permitted up to Jun 3, 2022.
The deemed date of allotment is Jun 16, 2022, following which the equity shares are expected to be credited to demat accounts on Jun 20, 2022 and listed on NSE and BSE on Jun 24, 2022.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Dynemic Products Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 13, 2022
Entitlement Ratio
:
Open Date
Wed, May 25, 2022
Close Date
Wed, Jun 8, 2022
| Particulars | For the year/period ended (Rs.in Million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 3,511.36 | 2,507.81 | |
| Total Income | 2,061.961 | 1,831.819 | |
| Profit After Tax | 284.94 | 241.71 | |
Dynemic Products Limited is one of the largest global manufacturers & exporters of food colours in the world. The company offers a wide range of products such as Food Colours, Lake Colours, Blended Colours, US-FDA certified FD & C Colours, Natural Food Colours and Dye Intermediates.
The company has a business presence in both the Indian and international markets. Dynemic Products Limited has three manufacturing plants spread over 1,04,000 Sq Mt of area located in Gujarat.
The company intends to utilize the Net Proceeds raised through the Issue towards the following object:
[Dilip Davda] The company has posted growth in its top and bottom lines for FY20 and FY21. However, for FY22 so far, it is lagging behind on net profits aspects as indicated by the results till 31.12.2021. Low promoter’s holding indicates operation on counters by vested interest parties. Well informed investors may park funds with a long term perspective. Read detail review...
Dynemic Products Limited
B-301, Satyamev Complex-1,
Opp. Gujarat High Court,
S.G.Road, Sola, Ahmedabad - 380 060
Ahmedabad, Gujarat, 380060
The Dynemic Products Rights Issue 2022 opens on Wed, May 25, 2022, and closes on Wed, Jun 8, 2022.
Dynemic Products Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Tue, May 24, 2022 |
| Last Date for renunciation of Rights Entitlements | Fri, Jun 3, 2022 |
| Issue Opening Date | Wed, May 25, 2022 |
| Issue Closing Date | Wed, Jun 8, 2022 |
| Date of Allotment (on or about) | Thu, Jun 16, 2022 |
| Date of Credit (on or about) | Mon, Jun 20, 2022 |
| Date of Listing (on or about) | Fri, Jun 24, 2022 |
You can apply for Dynemic Products Rights Issue 2022 in two ways:
Steps to apply for Dynemic Products Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Dynemic Products Rights Issue 2022 using Registrar's website (R-WAP)
