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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.
| Issue Open | September 27, 2021 - October 11, 2021 |
| Security Name | Kesoram Industries Limited |
| Issue Size (Shares) | 79,999,665 |
| Issue Size (Amount) | ₹400.00 Crores |
| Issue Price | ₹50 per share |
| Face Value | ₹10 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 |
| Record Date | September 17, 2021 |
| Credit of Rights Entitlements | September 24, 2021 |
| Bid/Offer Opens On | September 27, 2021 |
| Renunciation of Rights Entitlements | October 6, 2021 |
| Bid/Offer Closes On | October 11, 2021 |
| Deemed Date of Allotment | October 21, 2021 |
| Credit Date | October 22, 2021 |
| Listing Date | October 28, 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) | |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: kesoram.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Kesoram Industries Rights Issue opens on September 27, 2021, and closes on October 11, 2021.
Kesoram Industries Rights Issue Schedule
| Last Date for credit of Rights Entitlements | September 24, 2021 |
| Last Date for renunciation of Rights Entitlements | October 6, 2021 |
| Issue Opening Date | September 27, 2021 |
| Issue Closing Date | October 11, 2021 |
| Date of Allotment (on or about) | October 21, 2021 |
| Date of Credit (on or about) | October 22, 2021 |
| Date of Listing (on or about) | October 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 (September 17, 2021).
The record date for the Kesoram Industries Rights Issue is September 17, 2021.
The issue size of Kesoram Industries Rights Issue is of 79,999,665 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:
Steps to apply for Kesoram Industries Rights Issue using Net Banking (ASBA)
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)
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