Godha Cabcon & Insulation Limited Rights Issue (Godha Cabcon & Insulation Rights Issue 2023) Detail

₹44.42 Crores | Listing at NSE | Thu, May 25, 2023 - Fri, Jun 23, 2023

Godha Cabcon & Insulation Limited Logo

Godha Cabcon & Insulation Limited Rights Issue comprises 44.42 Cr equity shares aggregating to ₹44.42 Cr, offered at an issue price of ₹1 per share with a face value of ₹1 per share.

The record date for determining eligible shareholders is May 12, 2023, with the Rights Issue being offered in the entitlement ratio of 2:1.

As per the terms of payment, ₹1 per share payable in full at the time of application.

The Rights Issue opens on May 25, 2023 and closes on Jun 23, 2023.

Ankit Consultancy Pvt.Ltd. is the Registrar to the Issue.

Investors are advised to refer to the Godha Cabcon & Insulation Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.

Record Date

Fri, May 12, 2023

Entitlement Ratio

2 : 1

Open Date

Thu, May 25, 2023

Close Date

Fri, Jun 23, 2023

Rights Issue Details

Godha Cabcon & Insulation Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2038.5752.620.220.000.00
31-Mar-2132.7433.01-0.3824.367.36
31-Mar-2229.4936.010.8225.184.10
Amount in ₹ Crore

About Godha Cabcon & Insulation Limited

Incorporated in 2016, Godha Cabcon And Insulation Limited manufactures ACSR Conductor wire and AAAC Conductor.

The company has a manufacturing unit located in the Industrial Area, Sanwer Road, Indore(M.P.). It has also established a manufacturing facility for XLP Coated wire, a recent innovation in the wire sector.

Godha Cabcon And Insulation supply its products to the State Electricity Boards of Jabalpur, Bhopal, and Indore. It is also currently in discussions to become an approved vendor with other state electricity boards (such as Gujarat, Punjab, and Haryana).

The company's product range includes A B Cable, AAC Conductor, AAAC Conductor, DPC wire, XLP coated wire, and ACSR conductor wire.

Objects of the Issue:

The company proposes to utilize the net proceeds for:

  1. Working capital requirements,
  2. General corporate purposes,
  3. and Issue expenses.

Company Contact Information

Godha Cabcon & Insulation Limited
36-D, Sector-B,
Sanwer Road,
Industrial Area, Indore - 452006
Indore, Madhya Pradesh, 452006

Rights Issue Registrar

Ankit Consultancy Pvt.Ltd.

Rights Issue FAQs

The Godha Cabcon & Insulation Rights Issue 2023 opens on Thu, May 25, 2023, and closes on Fri, Jun 23, 2023.

Godha Cabcon & Insulation Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFri, Jun 2, 2023
Issue Opening DateThu, May 25, 2023
Issue Closing DateFri, Jun 23, 2023
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)
Godha Cabcon & Insulation Rights Issue 2023 price is set at ₹1 per share.
The eligible shareholders are being offered 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (Fri, May 12, 2023).
The record date for the Godha Cabcon & Insulation Rights Issue 2023 is Fri, May 12, 2023.
The issue size of Godha Cabcon & Insulation Rights Issue 2023 is of 44,41,60,000 equity shares at ₹1 per share aggregating up to ₹44.42 Crores.
The Letter of Offer for Godha Cabcon & Insulation Rights Issue 2023 can be downloaded here.

You can apply for Godha Cabcon & Insulation Rights Issue 2023 in two ways:

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

Steps to apply for Godha Cabcon & Insulation Rights Issue 2023 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 Godha Cabcon & Insulation Rights Issue 2023 is available on the list.
  4. Click the Apply button next to the Godha Cabcon & Insulation Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Steps to apply for Godha Cabcon & Insulation Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Godha Cabcon & Insulation Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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