₹174.63 Crores | Listing at BSE, NSE | Mon, Apr 15, 2024 - Mon, Apr 29, 2024
Jyoti Structures Ltd. Rights Issue comprises 11.64 Cr equity shares aggregating to ₹174.63 Cr, offered at an issue price of ₹15 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Mar 21, 2024, with the Rights Issue being offered in the entitlement ratio of 6 : 37.
The term of payment is defined as following : Issue Price of Rs.15/- payable on Application
The Rights Entitlements are expected to be credited to eligible demat accounts on May 6, 2024.
The Rights Issue opens on Apr 15, 2024, and closes on Apr 29, 2024, with renunciation of Rights Entitlements permitted up to Apr 24, 2024.
The deemed date of allotment is May 6, 2024, following which the equity shares are expected to be credited to demat accounts on May 8, 2024 and listed at the NSE and the BSE on May 10, 2024.
Arihant Capital Markets 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 Jyoti Structures Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Mar 21, 2024
Entitlement Ratio
6 : 37
Open Date
Mon, Apr 15, 2024
Close Date
Mon, Apr 29, 2024
Issue Price of Rs.15/- payable on Application
Jyoti Structures Ltd.'s revenue increased by 4146.59% and profit after tax (PAT) rose by 88.1% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,256.77 | 2,285.41 | 2,192.98 | 1,400.47 |
| Revenue | 270.01 | 231.07 | 5.44 | 0.15 |
| Profit After Tax | 13.70 | -4.07 | -34.21 | -1,767.14 |
| Net Worth | -28.96 | 22.62 | 151.88 | -11,369.98 |
| Reserves and Surplus | -223.36 | -188.98 | -65.34 | -11,461.38 |
| Total Borrowing | 1,859.41 | 1,803.30 | 1,691.00 | 4,806.09 |
| Amount in ₹ Crore | ||||
Incorporated in 1974, Jyoti Structures Limited provides Engineering, Procurement, and Construction (EPC) solutions for Power Transmission and Distribution networks.
The Company offers end-to-end solutions and services, including inception, conceptualization, survey, design, engineering, testing, fabrication, supply, sourcing, mobilization, civil works, erection, and commissioning of Transmission lines, Substation, and Distribution networks per customer specifications.
The company offers services such as design & Engineering, Transmission Tower manufacturing & testing, construction and project management.The company's client base includes power transmission and distribution companies. The company has completed projects and exported products to clients in the USA, UK, Canada, France, South Africa, Bangladesh, Tanzania, Kenya, Kuwait, Rwanda, Tajikistan, UAE, Algeria, Philippines, and Georgia.
The company operates OHSAS 18001-certified facilities and adheres to all International Standards to ensure quality products and equipment production. The company operates ISO 9001 and ISO 1401.
[Dilip Davda] The company has been posting losses for the last three fiscals, and has just turned the corner for H1 of FY24. It has to follow the same trends to clear the accumulated losses. Till then, it may not catch fancy. Quantum jump in its equity may face the servicing issue. Considering recent financial performance, there is no harm in skipping this risky and pricey bet. Read detail review...
Jyoti Structures Limited Rights Issue 2024 got oversubscribed by 2.07 times by the end of the bidding period with total bid quantity received by BSE and NSE of 24,11,03,980 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Apr 29 2024 17:00:00 | 22,39,49,715 | 1,71,54,265 | 24,11,03,980 | 2.07x |
Jyoti Structures Ltd.
6th Floor, Valecha Chambers
New Link Road,
Andheri (West), Mumbai-400 053
Andheri, Maharashtra, 400053
The Jyoti Structures Limited Rights Issue 2024 opens on Mon, Apr 15, 2024, and closes on Mon, Apr 29, 2024.
Jyoti Structures Limited Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Apr 12, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, Apr 24, 2024 |
| Issue Opening Date | Mon, Apr 15, 2024 |
| Issue Closing Date | Mon, Apr 29, 2024 |
| Date of Allotment (on or about) | Mon, May 6, 2024 |
| Date of Credit (on or about) | Wed, May 8, 2024 |
| Date of Listing (on or about) | Fri, May 10, 2024 |
You can apply for Jyoti Structures Limited Rights Issue 2024 in two ways:
Steps to apply for Jyoti Structures Limited Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Jyoti Structures Limited Rights Issue 2024 using Registrar's website (R-WAP)
