₹18.52 Crores | Listing at NSE | Tue, Sep 27, 2022 - Fri, Oct 7, 2022
Libas Consumer Products Limited Rights Issue comprises 0.8820 Cr equity shares aggregating to ₹18.52 Cr, offered at an issue price of ₹21 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Sep 16, 2022.
The term of payment is defined as following :
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 18, 2022.
The Rights Issue opens on Sep 27, 2022, and closes on Oct 7, 2022, with renunciation of Rights Entitlements permitted up to Oct 3, 2022.
The deemed date of allotment is Oct 18, 2022, following which the equity shares are expected to be credited to demat accounts on Oct 20, 2022 and listed at the NSE on Oct 25, 2022.
Sarthi Capital Advisors Pvt.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 Libas Consumer Products Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 16, 2022
Entitlement Ratio
:
Open Date
Tue, Sep 27, 2022
Close Date
Fri, Oct 7, 2022
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-21 | 35.54 | -1.63 |
| 31-Mar-22 | 46.72 | 2.56 |
| Amount in ₹ Crore | ||
Libas Consumer Products Limited specializes in western contemporary and ethnic Indian men's and women's wear. The company offers Business Suits, Shirts, Trousers, Sherwanis, a light range of indo- westerns, Kurtas, designer wedding suits, fine men's business suits, formal shirts and trousers.
The company has a production facility in Mumbai that has a capacity of 35000 to 40000 pieces. The Company also have a sub-brand that offers formal men's and women's shoes and accessories.
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
1) Meeting Working Capital Requirement
2) Marketing for innerwear Brand "KNG"
[Dilip Davda] The company is in the fashion and innerwear segments. It started generating profits in FY22 after making losses in FY21. Though the promoter’s holding is low, the counter is well maintained to lure investors to this fully priced RI. Cash surplus/risk seeker investors may consider an investment with a long-term perspective. Read detail review...
Libas Consumer Products Limited
Libas Designs Limited, 401, 4th Floor,
Crescent Royale, Off New, Link Road,
Lokhandwala Complex, Andheri (West) 400053
Khandwa, Madhya Pradesh, 400053
The Libas Consumer Products Rights Issue 2022 opens on Tue, Sep 27, 2022, and closes on Fri, Oct 7, 2022.
Libas Consumer Products Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Mon, Sep 26, 2022 |
| Last Date for renunciation of Rights Entitlements | Mon, Oct 3, 2022 |
| Issue Opening Date | Tue, Sep 27, 2022 |
| Issue Closing Date | Fri, Oct 7, 2022 |
| Date of Allotment (on or about) | Tue, Oct 18, 2022 |
| Date of Credit (on or about) | Thu, Oct 20, 2022 |
| Date of Listing (on or about) | Tue, Oct 25, 2022 |
You can apply for Libas Consumer Products Rights Issue 2022 in two ways:
Steps to apply for Libas Consumer Products Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Libas Consumer Products Rights Issue 2022 using Registrar's website (R-WAP)
