₹24.85 Crores | Listing at BSE | Fri, Feb 4, 2022 - Fri, Feb 18, 2022
Joonktollee Tea & Industries Limited Rights Issue comprises 0.4142 Cr equity shares aggregating to ₹24.85 Cr, offered at an issue price of ₹60 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Jan 19, 2022.
As per the terms of payment, ₹60 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 3, 2022.
The Rights Issue opens on Feb 4, 2022, and closes on Feb 18, 2022, with renunciation of Rights Entitlements permitted up to Feb 14, 2022.
The deemed date of allotment is Feb 28, 2022, following which the equity shares are expected to be credited to demat accounts on Mar 10, 2022 and listed on the BSE on Mar 16, 2022.
Narnolia Financial Services 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 Joonktollee Tea & Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Jan 19, 2022
Entitlement Ratio
:
Open Date
Fri, Feb 4, 2022
Close Date
Fri, Feb 18, 2022
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 2,350.38 | 2,259.24 | |
| Total Income | 1,074.87 | 930.62 | |
| Profit After Tax | -95.60 | -242.77 | |
Joonktollee Tea & Industries is mainly engaged in the business of cultivation and manufacturing of Tea. In addition, the company also has cultivation activity of Coffee and Rubber. The company sells its Coffee through an auction sale in bulk to the export houses exporting in Europe, and Rubber to other manufacturers in different industries in India.
The company has taken several large-scale initiatives and has invested in equipment like vibratory fluidized bed dryers, enclosed withering troughs, modern humidification plants to improve quality and productivity. The company has also invested in irrigation facilities in all its estates.
The Company's tea garden area under cultivation is spread over 1827.55 hectares in Northeast and South India. The company's Coffee and Rubber gardens are in South India.
[Dilip Davda] The company has posted losses for the reported period of the last two and a half financial years. Based on stock market quote data and its equity/reserve ratio, RI is lucratively priced. Risk seeker cash surplus investors may consider parking of funds for the long term. Read detail review...
Joonktollee Tea & Industries Limited
21, Strand Road
Kolkata – 700001,
West Bengal
The Joonktollee Tea & Industries Rights Issue opens on Fri, Feb 4, 2022, and closes on Fri, Feb 18, 2022.
Joonktollee Tea & Industries Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Thu, Feb 3, 2022 |
| Last Date for renunciation of Rights Entitlements | Mon, Feb 14, 2022 |
| Issue Opening Date | Fri, Feb 4, 2022 |
| Issue Closing Date | Fri, Feb 18, 2022 |
| Date of Allotment (on or about) | Mon, Feb 28, 2022 |
| Date of Credit (on or about) | Thu, Mar 10, 2022 |
| Date of Listing (on or about) | Wed, Mar 16, 2022 |
You can apply for Joonktollee Tea & Industries Rights Issue in two ways:
Steps to apply for Joonktollee Tea & Industries Rights Issue using Net Banking (ASBA)
Steps to apply for Joonktollee Tea & Industries Rights Issue using Registrar's website (R-WAP)
