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Nagreeka Exports Ltd. Rights Issue (Nagreeka Exports Rights Issue 2024) Detail

February 12, 2024 - February 23, 2024
Nagreeka Exports Ltd. Logo

Incorporated in 1989, Nagreeka Exports Limited produces and exports yarns, fabrics and textiles.

The company's product portfolio includes:

  • 100% cotton yarns: combed, carded, open end, TFO doubled, compact yarns
  • Specialty yarns: organic yarns, slub yarns, organic slub yarns, regular and reverse twist yarns, core spun yarns, chenille yarns, dyed / gassed / mercerized yarns, high twist yarns, viscose yarns - O.E./ringspun, polyester spun yarns, poly viscose blends, polyester-cotton blends and viscose-cotton blends.
  • Fabrics and textiles: These include raw, printed and finished fabrics based on cotton or cellulose. They are available in the weights rib, jersey, interlock, fleece, pique or polo.

The company's production facility is located in Kolhapur, India, with spinning units of over 150,000 spindles.

Nagreeka Exports Rights Issue 2024 Detail

Issue Open February 12, 2024 - February 23, 2024
Security Name Nagreeka Exports Ltd.
Issue Size (Shares) 18,749,550
Issue Size (Amount) ₹37.50 Crores
Issue Price ₹20 per share
Face Value ₹5 per share
Listing At BSE, NSE
Terms of Payment

The full amount of the Issue Price being Rs.20/- will be payable on application.

Entitlement 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

Nagreeka Exports Rights Issue 2024 Issue Timetable

Last Date to buy sharesJanuary 29, 2024
Record Date January 30, 2024
Credit of Rights Entitlements
Bid/Offer Opens On February 12, 2024
Renunciation of Rights Entitlements February 19, 2024
Bid/Offer Closes On February 23, 2024
Deemed Date of Allotment March 5, 2024
Credit Date March 14, 2024
Listing Date March 19, 2024

Company Financials

Nagreeka Exports Ltd. Financial Information (Restated)

Nagreeka Exports Ltd.'s revenue decreased by -29.29% and profit after tax (PAT) dropped by -51.01% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets329.33346.04351.89
Revenue390.79552.65385.32
Profit After Tax3.036.19-8.32
Net Worth111.05109.12
Reserves and Surplus103.91100.8894.68
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses (Net Proceeds) for the following objects:

  1. Repayment of borrowings availed in the form of unsecured loans from our Promoters, Sushil Patwari and Sunil Ishwarlal Patwari;
  2. Redemption of outstanding cumulative non-convertible redeemable preference shares held by the Promoter, Sushil Patwari;
  3. Funding capital expenditure of the company; and
  4. General corporate purposes.

Nagreeka Exports Rights Issue 2024 Subscription Status

Nagreeka Exports Rights Issue 2024 got oversubscribed by 1.11 times by the end of the bidding period with total bid quantity received by BSE and NSE of 20,817,134 shares.

Nagreeka Exports Rights Issue 2024 Documents

Nagreeka Exports Rights Issue 2024 Rating

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Nagreeka Exports Rights Issue 2024 Reviews

Company Contact Information

Nagreeka Exports Ltd.
7, Kala Bhawan,
3, Mathew Road,
Mumbai - 400004

Phone: +91-22-61447500,
Email: info@nagreeka.com
Website: https://nagreeka.com/

Nagreeka Exports Rights Issue 2024 Registrar

  1. Maheshwari Datamatics Pvt. Ltd
    Phone: 033 22435029 / 22482248
    Email: mdpldc@yahoo.com
    Website: http://www.mdpl.in

Nagreeka Exports Rights Issue 2024 Lead Manager(s)

Nagreeka Exports Rights Issue 2024 FAQs

The Nagreeka Exports Rights Issue 2024 opens on February 12, 2024, and closes on February 23, 2024.

Nagreeka Exports Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFebruary 19, 2024
Issue Opening DateFebruary 12, 2024
Issue Closing DateFebruary 23, 2024
Date of Allotment (on or about)March 5, 2024
Date of Credit (on or about)March 14, 2024
Date of Listing (on or about)March 19, 2024

Nagreeka Exports Rights Issue 2024 price is set at ₹20 per share per equity share.

The eligible shareholders are being offered 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (January 30, 2024).

The record date for the Nagreeka Exports Rights Issue 2024 is January 30, 2024.

The issue size of Nagreeka Exports Rights Issue 2024 is of 18,749,550 equity shares at ₹20 per share aggregating upto ₹37.50 Crores.

The Letter of Offer for Nagreeka Exports Rights Issue 2024 can be download here.

You can apply for Nagreeka Exports Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Nagreeka Exports Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Nagreeka Exports Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Nagreeka Exports Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

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 Nagreeka Exports Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Nagreeka Exports Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. ValuePicker     Link|March 10, 2024 6:29:00 AM
Is the allotment out? And unblocking done from bank account?

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