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Kesoram Industries Limited Rights Issue (Kesoram Industries Rights Issue) Detail

Sep 27, 2021 - Oct 11, 2021
Kesoram Industries Limited Logo

Incorporated in 1919, Kesoram Industries Limited is one of the oldest conglomerates in India and is a flagship company of the B.K Birla group. The company in recent years has concentrated primarily on the cement and rayon business. The company's cement business has been operating for over 51 years and has been catering to regional demands in India. The company has in total 2 cement manufacturing facilities, one each at Karnataka and Telangana. The company's cement is marketed under the brand name "Birla Shakti" and "Birla Shakti Cement Shakti+" and as of June 30, 2021, the production capacity of cement was 10.75 MMTPA.

The company also manufactures viscose rayon, filament yarn, and transparent paper through its subsidiary, Cygnet Industries Limited. The company's rayon and transparent paper plant are located at Hooghly, West Bengal. Rayon is marketed under the brand name "Kesoram Rayon", while the transparent paper is marketed under the brand name "Kesophane".

The cement and rayon (including transparent paper and chemicals) business operations contributed 91.04% and 8.96%, respectively, of the total revenues for the year ended March 31, 2021.

Kesoram Industries Rights Issue Detail

Issue Open Sep 27, 2021 - Oct 11, 2021
Security Name Kesoram Industries Limited
Issue Size (Shares) 8.00 Crores
Issue Size (Amount) ₹400.00 Crores
Issue Price ₹50 per share
Face Value ₹10 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment On Application, the Investors will have to pay ₹25 per Rights Equity Share, and the balance ₹25 per Rights Equity Share will have to be paid as First and Final call – anytime within six months from the date of allotment of Rights Equity Shares, as may be decided by the Board at its sole discretion.
Entitlement 133 Rights Equity Shares for every 274 Equity Shares held on the Record Date

Kesoram Industries Rights Issue Issue Timetable

Bid/Offer Opens On Sep 27, 2021
Bid/Offer Closes On Oct 11, 2021
Record Date Sep 17, 2021
Deemed Date of Allotment Oct 21, 2021
Renunciation of Rights Entitlements Oct 6, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20
Total Assets 32,757.4 32,117.9
Total Income 27,249.3 26,859.8
Profit After Tax 1,401.1 (1,875.3)

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Repayment or pre-payment of inter-corporate deposit (ICD) including interest thereon; 2. Scheduled part-redemption of Non- Convertible Debentures (NCDs); 3. Redemption of Optionally Convertible Debentures (OCDs) in full/ NCDs in part; and 4. General corporate purposes.

Kesoram Industries Rights Issue Documents

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Company Contact Information

Kesoram Industries Limited
9/1 R.N. Mukherjee Road,
Kolkata 700 001,
West Bengal, India

Phone: +91 33 2243 5453
Email: corporate@kesoram.net
Website: https://www.kesocorp.com/

Kesoram Industries Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: kesoram.rights@linkintime.co.in
    Website: http://www.linkintime.co.in

Kesoram Industries Rights Issue Lead Manager(s)

Kesoram Industries Rights Issue FAQs

The Kesoram Industries Rights Issue opens on Sep 27, 2021, and closes on Oct 11, 2021.

Kesoram Industries Rights Issue Schedule

Last Date for credit of Rights EntitlementsSep 24, 2021
Last Date for renunciation of Rights EntitlementsOct 6, 2021
Issue Opening DateSep 27, 2021
Issue Closing DateOct 11, 2021
Date of Allotment (on or about)Oct 21, 2021
Date of Credit (on or about)Oct 22, 2021
Date of Listing (on or about)Oct 28, 2021

Kesoram Industries Rights Issue price is set at ₹50 per share per equity share.

The eligible shareholders are being offered 133 Rights Equity Shares for every 274 Equity Shares held on the Record Date (Sep 17, 2021).

The record date for the Kesoram Industries Rights Issue is Sep 17, 2021.

The issue size of Kesoram Industries Rights Issue is of 8.00 Crores equity shares at ₹50 per share aggregating upto ₹400.00 Crores.

The Letter of Offer for Kesoram Industries Rights Issue can be download here.

You can apply for Kesoram Industries Rights Issue in two ways:

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

Steps to apply for Kesoram Industries Rights Issue 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 Kesoram Industries Rights Issue available on the list.
  4. Click the Apply button next to the Kesoram Industries Rights Issue.
  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 Kesoram Industries Rights Issue using Registrar's website (R-WAP)

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

3 Comments

3. Hanu chaudhary  Oct 28, 2021 12:13 I Like It. | Report Abuse Reply
WHAT IS LISTING DATE
2. Rajesh Vijayvargiya  Oct 14, 2021 08:52 I Like It. | Report Abuse Reply
Sir plz help me , mai bahut hi cancer patients hu . Kaam or paise se pareshan ho kar maine abhi abhi 15 dino se share me trading shuru ki . Or isi bich .Maine 6 October ko
Kesoram Industries RE Ltd. ke 897 share Kharide . Mujhe jara bhi idea nhi tha or na hi khi padne me aaya ki is share last trading date hai or baad me bhi zerodha ki or se koi notification nhi aaya iske rights issue ki date bhi 11 hai. Maine to kal zerodha se contact kiya ki ye shares mere holding me kyo nhi dikh rha hai . Tab unhone bataya ki ye leps ho gaye. Plz sir meri help kijiye .
2.1. Devendra ipo  Oct 21, 2021 15:57 I Like It. | Report Abuse
Now not possible any thing for you

Agar apne last date se pahle payment kiya hota to shares vapis aa jate
1. Yamunna  Sep 27, 2021 16:46 I Like It. 1 | Report Abuse Reply
Experts kindly advise regarding kesoram industries rights issue. Apply or skip?