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Jyoti Structures Ltd. Rights Issue (Jyoti Structures Limited Rights Issue 2024) Detail

April 15, 2024 - April 29, 2024
Jyoti Structures Ltd. Logo

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.

Jyoti Structures Limited Rights Issue 2024 Detail

Issue Open April 15, 2024 - April 29, 2024
Security Name Jyoti Structures Ltd.
Issue Size (Shares) 116,420,710
Issue Size (Amount) ₹174.63 Crores
Issue Price ₹15 per share
Face Value ₹2 per share
Listing At BSE, NSE
Terms of Payment

Issue Price of Rs.15/- payable on Application

Entitlement 6 Rights Equity Share(s) for every 37 fully paid-up Equity Shares held on Record Date

Jyoti Structures Limited Rights Issue 2024 Issue Timetable

Last Date to buy sharesMarch 20, 2024
Record Date March 21, 2024
Credit of Rights Entitlements April 12, 2024
Bid/Offer Opens On April 15, 2024
Renunciation of Rights Entitlements April 24, 2024
Bid/Offer Closes On April 29, 2024
Deemed Date of Allotment May 6, 2024
Credit Date May 8, 2024
Listing Date May 10, 2024

Company Financials

Jyoti Structures Ltd. Financial Information (Restated Consolidated)

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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,256.772,285.412,192.981,400.47
Revenue270.01231.075.440.15
Profit After Tax13.70-4.07-34.21-1,767.14
Net Worth-28.9622.62151.88-11,369.98
Reserves and Surplus-223.36-188.98-65.34-11,461.38
Total Borrowing1,859.411,803.301,691.004,806.09
Amount in ₹ Crore

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards the following objects:
  1. Payment of NCLT approved resolution plan dues
  2. Meeting costs, expenses, charges and other payment commitments/obligations, including margin requirements associated with financing to be raised from banks and financial institutions for the operations of the Company.
  3. General corporate purposes

Jyoti Structures Limited Rights Issue 2024 Subscription Status

Jyoti Structures Limited Rights Issue 2024 is subscribed 1.56 times as on April 26, 2024 5:00:00 PM. The total bid quantity received by BSE, NSE is 182,004,163 shares.

Jyoti Structures Limited Rights Issue 2024 Documents

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Company Contact Information

Jyoti Structures Ltd.
6th Floor, Valecha Chambers
New Link Road,
Andheri (West), Mumbai-400 053

Phone: 022-40915000
Email: investors@jsl.co.in
Website: https://jyotistructures.in/

Jyoti Structures Limited Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Jyoti Structures Limited Rights Issue 2024 Lead Manager(s)

Jyoti Structures Limited Rights Issue 2024 FAQs

The Jyoti Structures Limited Rights Issue 2024 opens on April 15, 2024, and closes on April 29, 2024.

Jyoti Structures Limited Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsApril 12, 2024
Last Date for renunciation of Rights EntitlementsApril 24, 2024
Issue Opening DateApril 15, 2024
Issue Closing DateApril 29, 2024
Date of Allotment (on or about)May 6, 2024
Date of Credit (on or about)May 8, 2024
Date of Listing (on or about)May 10, 2024

Jyoti Structures Limited Rights Issue 2024 price is set at ₹15 per share per equity share.

The eligible shareholders are being offered 6 Rights Equity Share(s) for every 37 fully paid-up Equity Shares held on Record Date (March 21, 2024).

The record date for the Jyoti Structures Limited Rights Issue 2024 is March 21, 2024.

The issue size of Jyoti Structures Limited Rights Issue 2024 is of 116,420,710 equity shares at ₹15 per share aggregating upto ₹174.63 Crores.

The Letter of Offer for Jyoti Structures Limited Rights Issue 2024 can be download here.

You can apply for Jyoti Structures Limited Rights Issue 2024 in two ways:

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

Steps to apply for Jyoti Structures Limited Rights Issue 2024 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 Jyoti Structures Limited Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Jyoti Structures Limited Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Jyoti Structures Limited Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Jyoti Structures Limited Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Asad   I Like It. |Report Abuse|  Link|April 14, 2024 9:17:23 PMReply
Hi..can I apply more than my eligibility..what is chance of extra allotment..

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