₹17.30 Crores | Listing at BSE | Thu, Dec 12, 2024 - Tue, Dec 24, 2024
Lws Knitwear Ltd. Rights Issue comprises 0.9611 Cr equity shares aggregating to ₹17.30 Cr, offered at an issue price of ₹18 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Nov 28, 2024, with the Rights Issue being offered in the entitlement ratio of 19 : 10.
The term of payment is defined as following : The entire amount of the Issue Price per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 20, 2024.
The Rights Issue opens on Dec 12, 2024, and closes on Dec 24, 2024, with renunciation of Rights Entitlements permitted up to Dec 19, 2024.
The deemed date of allotment is Dec 20, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 27, 2024 and listed at the BSE on Dec 27, 2024.
Beetal Financial & Computer Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Lws Knitwear Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Nov 28, 2024
Entitlement Ratio
19 : 10
Open Date
Thu, Dec 12, 2024
Close Date
Tue, Dec 24, 2024
The entire amount of the Issue Price per Rights Equity Share shall be payable at the time of Application.
Lws Knitwear Ltd.'s revenue increased by 19.99% and profit after tax (PAT) rose by 376.51% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 43.17 | 50.34 | 32.16 |
| Revenue | 75.13 | 62.62 | 61.76 |
| Profit After Tax | 1.40 | 0.29 | 0.26 |
| Net Worth | 12.03 | 10.79 | 10.49 |
| Reserves and Surplus | 7.13 | 5.73 | 5.44 |
| Total Borrowing | 19.48 | 15.97 | 5.00 |
| Amount in ₹ Crore | |||
Incorporated in May 1989, LWS Knitwear Limited manufactures winter and summer garments in Ludhiana, Punjab.
The company currently trades knitwear of various textures. Knitwear is used for manufacturing various garments like dresses, skirts, tops, undergarments, pyjamas, t-shirts, shawls, sweaters, cardigans, matching dresses, leggings, cardigans, shirts, turtlenecks, cuffs, cardigans, sweaters, collars etc.
They source these products from third-party manufacturers and retailers.
As of September 30, 2023, the company employs eight people in various departments.
The Net Proceeds from the Issue are proposed to be utilized by the Company for the following objects:
[Dilip Davda] The company is engaged in the trading of knitwear and depends on third party supply. It posted inconsistency in its bottom lines for the reported periods. Nearly threefold rise in post-RI equity base may post its servicing issue. Though based on its last traded price, the issue appears lucratively priced. it is a High Risk/Low Return” bet and one can skip it. Read detail review...
LWS Knitwear Rights Issue 2024 got subscribed by 0.45 times by the end of the bidding period with total bid quantity received by BSE of 43,04,381 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 24 2024 17:00:00 | 43,04,381 | 0.45x |
Lws Knitwear Ltd.
G T Road, (West)
Ludhiana 141008
Punjab, India
Indi, Karnataka, 141008
Beetal Financial & Computer Services Pvt.Ltd.
The LWS Knitwear Rights Issue 2024 opens on Thu, Dec 12, 2024, and closes on Tue, Dec 24, 2024.
LWS Knitwear Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Dec 13, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Dec 19, 2024 |
| Issue Opening Date | Thu, Dec 12, 2024 |
| Issue Closing Date | Tue, Dec 24, 2024 |
| Date of Allotment (on or about) | Fri, Dec 20, 2024 |
| Date of Credit (on or about) | Fri, Dec 27, 2024 |
| Date of Listing (on or about) | Fri, Dec 27, 2024 |
You can apply for LWS Knitwear Rights Issue 2024 in two ways:
Steps to apply for LWS Knitwear Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for LWS Knitwear Rights Issue 2024 using Registrar's website (R-WAP)
