₹499.09 Crores | Listing at BSE, NSE | Mon, Feb 17, 2025 - Mon, Mar 10, 2025
Jyoti Structures Limited Rights Issue comprises 31.19 Cr equity shares aggregating to ₹499.09 Cr, offered at an issue price of ₹16 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Feb 10, 2025, with the Rights Issue being offered in the entitlement ratio of 9 : 26.
The term of payment is defined as following : Total amount of ₹ 16/- per Rights Equity Share will have to pay on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 12, 2025.
The Rights Issue opens on Feb 17, 2025, and closes on Mar 10, 2025, with renunciation of Rights Entitlements permitted up to Feb 25, 2025.
The deemed date of allotment is Mar 12, 2025, following which the equity shares are expected to be credited to demat accounts on Mar 13, 2025 and listed at the NSE and the BSE on Mar 17, 2025.
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 Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Feb 10, 2025
Entitlement Ratio
9 : 26
Open Date
Mon, Feb 17, 2025
Close Date
Mon, Mar 10, 2025
Total amount of ₹ 16/- per Rights Equity Share will have to pay on Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,340.12 | 2,285.42 | 2,193.02 |
| Revenue | 463.02 | 231.07 | 5.44 |
| Profit After Tax | 28.86 | -4.07 | -42.47 |
| Reserves and Surplus | -139.13 | -98.4 | 25.67 |
| Amount in ₹ Crore | |||
Incorporated in 1974, Jyoti Structures Limited offers EPC solutions for Power Transmission & Distribution networks up to 765 kV and HVDC Transmission Lines, including 765 kV Substations.;
The company provides a complete range of services from inception to commissioning, including conceptualisation, route selection, design, engineering, prototype testing, fabrication, materials sourcing, planning, mobilisation, civil works (foundations, soil improvement), and erection of transmission lines, substations, and distribution networks as per customer specifications.
The company operates in the B2B segment, serving Government and Private Power Utilities (Transmission & Distribution) in India and abroad.
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, and the Philippines.
The Net Proceeds from the Issue are proposed to be utilized towards the following objects:
[Dilip Davda] This is the 2nd RI from the company since March 2024 (a year of its 1st RI). It is in the business of EPC contracts for power transmission and related works. The company has turned the corner from FY24 post coming out of NCLT. Based on its financial performance, the issue is fully priced. Once upon a time a darling of investors has turned dud and is now on revival mode with fast recovery. Well-informed investors may park moderate funds for medium to long term. Read detail review...
Jyoti Structures Rights Issues 2025 got subscribed by 0.93 times by the end of the bidding period with total bid quantity received by BSE and NSE of 28,89,91,619 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Mar 10 2025 17:00:00 | 25,93,04,849 | 2,96,86,770 | 28,89,91,619 | 0.93x |
Jyoti Structures Limited
6th Floor, Valecha Chambers
New Link Road, Andheri (West),
Mumbai 400 053
Mumbai, Maharashtra, 400053
The Jyoti Structures Rights Issues 2025 opens on Mon, Feb 17, 2025, and closes on Mon, Mar 10, 2025.
Jyoti Structures Rights Issues 2025 Schedule
| Last Date for credit of Rights Entitlements | Thu, Feb 13, 2025 |
| Last Date for renunciation of Rights Entitlements | Tue, Feb 25, 2025 |
| Issue Opening Date | Mon, Feb 17, 2025 |
| Issue Closing Date | Mon, Mar 10, 2025 |
| Date of Allotment (on or about) | Wed, Mar 12, 2025 |
| Date of Credit (on or about) | Thu, Mar 13, 2025 |
| Date of Listing (on or about) | Mon, Mar 17, 2025 |
You can apply for Jyoti Structures Rights Issues 2025 in two ways:
Steps to apply for Jyoti Structures Rights Issues 2025 using Net Banking (ASBA)
Steps to apply for Jyoti Structures Rights Issues 2025 using Registrar's website (R-WAP)
