₹48.99 Crores | Listing at NSE | Mon, Dec 30, 2024 - Fri, Jan 17, 2025
Moksh Ornaments Limited Rights Issue comprises 3.27 Cr equity shares aggregating to ₹48.99 Cr, offered at an issue price of ₹15 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Dec 20, 2024, with the Rights Issue being offered in the entitlement ratio of 14 : 23.
The term of payment is defined as following : The Amount will be payable per rights equity share on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Dec 30, 2024, and closes on Jan 17, 2025, with renunciation of Rights Entitlements permitted up to Jan 7, 2025.
The deemed date of allotment is Jan 20, 2025, following which the equity shares are expected to be credited to demat accounts on Jan 21, 2025 and listed at the NSE on Jan 22, 2025.
Kunvarji Finstock 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 Moksh Ornaments Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 20, 2024
Entitlement Ratio
14 : 23
Open Date
Mon, Dec 30, 2024
Close Date
Fri, Jan 17, 2025
The Amount will be payable per rights equity share on application.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 79.5 | 49.65 | 79.04 |
| Revenue | 447.2 | 324.92 | 339.88 |
| Profit After Tax | 6.26 | 5.04 | 5.55 |
| Net Worth | 50.92 | 44.66 | 40.15 |
| Reserves and Surplus | 40.19 | 33.93 | 29.42 |
| Amount in ₹ Crore | |||
Incorporated in 2012, Moksh Ornaments Limited is engaged in the manufacturing and wholesale of Jewellery.
The Company manufactures products on a job-work basis with third parties in Kolkata and Mumbai, based on management estimates, customer orders, and past consumption. Jewelry designs are created by third-party designers.
The Company procures gold from banks and the domestic market as raw material for manufacturing. The required raw materials are provided to job workers, who ensure they meet the company’s quality standards.
The Company aims to take over the business of M/s Jineshwar Gold and M/s Padmavati Jewels and will engage in manufacturing, importing, exporting, and trading diamonds, gems, jewelry, and related products.
Products:
The company's customers include Nakshatra Jewellery, Chandukaka Saraf & Sons, P.N. Gadgil Jewellers Pvt. Ltd., Neelkanth Jewellers, Ranka Jewellers, and others. As of February 9, 2024, the company employs 10 people.
The Company proposes to utilize the Net Proceeds towards the following objects:
[Dilip Davda] The company is in the business of manufacturing and marketing of jewellery. It largely does business on third party contract model basis. It marked almost static top and bottom lines for FY23 and FY24. Management is gearing to tap the benefit of fast changing style and fashion in small jewellery. Based on its recent financial parameters, the issue appears fully priced. Considering its ongoing plans and future prospects, Investors may park funds for medium to long term. Read detail review...
Moksh Ornaments Rights Issue 2024 got subscribed by 0.93 times by the end of the bidding period with total bid quantity received by NSE of 3,04,40,035 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Jan 17 2025 17:00:36 | 3,04,40,035 | 0.93x |
Moksh Ornaments Limited
B-405/1 B-405/2,
4th floor, 99 Mulji Jetha Building, Kalbadevi Road
Vitthalwadi, Kalbadevi, Mumbai 400002
Mumbai, Maharashtra, 400002
The Moksh Ornaments Rights Issue 2024 opens on Mon, Dec 30, 2024, and closes on Fri, Jan 17, 2025.
Moksh Ornaments Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Tue, Jan 7, 2025 |
| Issue Opening Date | Mon, Dec 30, 2024 |
| Issue Closing Date | Fri, Jan 17, 2025 |
| Date of Allotment (on or about) | Mon, Jan 20, 2025 |
| Date of Credit (on or about) | Tue, Jan 21, 2025 |
| Date of Listing (on or about) | Wed, Jan 22, 2025 |
You can apply for Moksh Ornaments Rights Issue 2024 in two ways:
Steps to apply for Moksh Ornaments Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Moksh Ornaments Rights Issue 2024 using Registrar's website (R-WAP)
