₹25.93 Crores | Listing at NSE | Tue, Jun 25, 2024 - Tue, Jul 9, 2024
Kshitij Polyline Limited Rights Issue comprises 4.05 Cr equity shares aggregating to ₹25.93 Cr, offered at an issue price of ₹6.4 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Jun 18, 2024, with the Rights Issue being offered in the entitlement ratio of 4 : 5.
The term of payment is defined as following : The full amount of the Issue Price is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jun 25, 2024, and closes on Jul 9, 2024, with renunciation of Rights Entitlements permitted up to Jul 3, 2024.
The deemed date of allotment is Jul 16, 2024, following which the equity shares are expected to be credited to demat accounts on Jul 18, 2024 and listed at the NSE on Jul 22, 2024.
Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Kshitij Polyline Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Jun 18, 2024
Entitlement Ratio
4 : 5
Open Date
Tue, Jun 25, 2024
Close Date
Tue, Jul 9, 2024
The full amount of the Issue Price is payable on Application.
Kshitij Polyline Limited's revenue increased by 10.03% and profit after tax (PAT) rose by 8.9% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 48.73 | 40.59 |
| Revenue | 34.08 | 30.97 |
| Profit After Tax | 0.45 | 0.42 |
| Net Worth | 18.87 | 18.41 |
| Total Borrowing | 21.25 | 17.27 |
| Amount in ₹ Crore | ||
Incorporated in 2008, Kshitij Polyline Limited is manufacturer, supplier and exporter of stationery solution and implementation for calendar, diary, books as replacement of traditional material with new and innovative PP material.
The company product range includes laminated & PP sheet, Wiro, File and folders.
The company has developed and launched over 125 products in the file, folder, and diary range under its brand in the Indian market. Additionally, the company supplies custom-made ID cards with ribbons, as well as files and folders with client logos and information. They also provide display materials for the education, pharmaceutical, FMCG, finance, and insurance sectors.
The head office and a sales office of the company is situated in Mumbai, Maharashtra
The Issue Proceeds from the Issue will be utilized towards the following objects:
To Meet Working Capital Requirements
General corporate purposes
To meet Public Issue Expenses
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of Printing and Stationery business. It has posted an average financial performance. Based on its latest performance, the issue appears aggressively priced. Zero promoter’s holding raises major concern. There is no harm in skipping this “high risk/low return” offer. Read detail review...
Kshitij Polyline Rights Issue 2024 got subscribed by 0.98 times by the end of the bidding period with total bid quantity received by NSE of 3,96,09,931 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Jul 09 2024 17:00:33 | 3,96,09,931 | 0.98x |
Kshitij Polyline Limited
417/418, Dimple Arcade
Near Sai Dham temple, Thakur Complex
Kandivali (East), Mumbai - 400101
Mumbai, Maharashtra, 400101
The Kshitij Polyline Rights Issue 2024 opens on Tue, Jun 25, 2024, and closes on Tue, Jul 9, 2024.
Kshitij Polyline Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Wed, Jul 3, 2024 |
| Issue Opening Date | Tue, Jun 25, 2024 |
| Issue Closing Date | Tue, Jul 9, 2024 |
| Date of Allotment (on or about) | Tue, Jul 16, 2024 |
| Date of Credit (on or about) | Thu, Jul 18, 2024 |
| Date of Listing (on or about) | Mon, Jul 22, 2024 |
You can apply for Kshitij Polyline Rights Issue 2024 in two ways:
Steps to apply for Kshitij Polyline Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Kshitij Polyline Rights Issue 2024 using Registrar's website (R-WAP)
