₹400.00 Crores | Listing at BSE, NSE | Mon, Sep 27, 2021 - Mon, Oct 11, 2021
Kesoram Industries Limited Rights Issue comprises 8.00 Cr equity shares aggregating to ₹400.00 Cr, offered at an issue price of ₹50 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Sep 17, 2021.
The term of payment is defined as following : 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.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 21, 2021.
The Rights Issue opens on Sep 27, 2021, and closes on Oct 11, 2021, with renunciation of Rights Entitlements permitted up to Oct 6, 2021.
The deemed date of allotment is Oct 21, 2021, following which the equity shares are expected to be credited to demat accounts on Oct 22, 2021 and listed at the NSE and the BSE on Oct 28, 2021.
Dam Capital Advisors Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Kesoram Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 17, 2021
Entitlement Ratio
:
Open Date
Mon, Sep 27, 2021
Close Date
Mon, Oct 11, 2021
| 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) | |
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.
[Dilip Davda] Both the segments i.e. textile and cement are having bright prospects going forward. This company is a flagship of B K Birla group and has some name and fame. As the current financial data is not that encouraging, risk seeker/cash surplus investors may opt for a subscription to this RI. Read detail review...
Kesoram Industries Limited
9/1 R.N. Mukherjee Road,
Kolkata 700 001,
West Bengal, India
Indi, Karnataka, 700001
The Kesoram Industries Rights Issue opens on Mon, Sep 27, 2021, and closes on Mon, Oct 11, 2021.
Kesoram Industries Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Sep 24, 2021 |
| Last Date for renunciation of Rights Entitlements | Wed, Oct 6, 2021 |
| Issue Opening Date | Mon, Sep 27, 2021 |
| Issue Closing Date | Mon, Oct 11, 2021 |
| Date of Allotment (on or about) | Thu, Oct 21, 2021 |
| Date of Credit (on or about) | Fri, Oct 22, 2021 |
| Date of Listing (on or about) | Thu, Oct 28, 2021 |
You can apply for Kesoram Industries Rights Issue in two ways:
Steps to apply for Kesoram Industries Rights Issue using Net Banking (ASBA)
Steps to apply for Kesoram Industries Rights Issue using Registrar's website (R-WAP)
