₹146.14 Crores | Listing at BSE | Tue, Aug 27, 2024 - Wed, Sep 4, 2024
Jaykay Enterprises Ltd. Rights Issue comprises 5.85 Cr equity shares aggregating to ₹146.14 Cr, offered at an issue price of ₹25 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jul 19, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : Fully payable at the time of Application
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 10, 2024.
The Rights Issue opens on Aug 27, 2024, and closes on Sep 4, 2024, with renunciation of Rights Entitlements permitted up to Aug 29, 2024.
The deemed date of allotment is Sep 10, 2024, following which the equity shares are expected to be credited to demat accounts on Sep 11, 2024 and listed at the BSE on Sep 13, 2024.
Corporate Professionals Capital Pvt.Ltd. is the Lead Manager to the issue and Alankit Assignments Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Jaykay Enterprises Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jul 19, 2024
Entitlement Ratio
1 : 1
Open Date
Tue, Aug 27, 2024
Close Date
Wed, Sep 4, 2024
Fully payable at the time of Application
Jaykay Enterprises Ltd.'s revenue increased by 14% and profit after tax (PAT) rose by 16% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 298.66 | 205.26 |
| Revenue | 66.64 | 58.66 |
| Profit After Tax | 9.6 | 8.27 |
| Amount in ₹ Crore | ||
Jaykay Enterprises Limited, formerly known as J.K. Synthetics Limited, is engaged in the defense and aerospace sector as well as 3D printing, design, scanning, and other related services.
The company was incorporated as J.K. Investment Trust Limited providing investment-related services. In 1960, the company moved out of the investment trust business and into the manufacture of nylon and acrylic fibers. To reflect the company's operations, the company name was changed to J.K. Synthesis Limited.
Later the company changed its name to Jaykay Enterprises Limited and changed its objects by a resolution passed at the Extraordinary General Meeting held on May 07, 2022 to incorporate the following objects (as a new business):
The company has four subsidiaries, of which one is a material subsidiary, two are wholly owned subsidiaries, one is an associate and one is a joint venture in the form of an LLP.
The Company intends to utilize the Net Proceeds from this Issue towards the following:
[Dilip Davda] This JK group company is witnessing some action post its recent plans announcement. The company is raising funds by way of RI to meet its expansion plans. Considering its last traded price of Rs. 85.85, this RI is at a discount of around 70.88% and making it a not to miss offer. Read detail review...
Jaykay Enterprises Rights Issue 2024 got oversubscribed by 1.78 times by the end of the bidding period with total bid quantity received by BSE of 10,42,36,525 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Sep 04 2024 17:00:00 | 10,42,36,525 | 1.78x |
Jaykay Enterprises Ltd.
Kamla Tower,
Kanpur
208001
The Jaykay Enterprises Rights Issue 2024 opens on Tue, Aug 27, 2024, and closes on Wed, Sep 4, 2024.
Jaykay Enterprises Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Aug 22, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Aug 29, 2024 |
| Issue Opening Date | Tue, Aug 27, 2024 |
| Issue Closing Date | Wed, Sep 4, 2024 |
| Date of Allotment (on or about) | Tue, Sep 10, 2024 |
| Date of Credit (on or about) | Wed, Sep 11, 2024 |
| Date of Listing (on or about) | Fri, Sep 13, 2024 |
You can apply for Jaykay Enterprises Rights Issue 2024 in two ways:
Steps to apply for Jaykay Enterprises Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Jaykay Enterprises Rights Issue 2024 using Registrar's website (R-WAP)
