₹37.50 Crores | Listing at BSE, NSE | Mon, Feb 12, 2024 - Fri, Feb 23, 2024
Nagreeka Exports Ltd. Rights Issue comprises 1.87 Cr equity shares aggregating to ₹37.50 Cr, offered at an issue price of ₹20 per share with a face value of ₹5 per share.
The record date for determining eligible shareholder is Jan 30, 2024, with the Rights Issue being offered in the entitlement ratio of 3 : 2.
The term of payment is defined as following : The full amount of the Issue Price being Rs.20/- will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Feb 12, 2024, and closes on Feb 23, 2024, with renunciation of Rights Entitlements permitted up to Feb 19, 2024.
The deemed date of allotment is Mar 5, 2024, following which the equity shares are expected to be credited to demat accounts on Mar 14, 2024 and listed at the NSE and the BSE on Mar 19, 2024.
Prime Securities Ltd. is the Lead Manager to the issue and Maheshwari Datamatics Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Nagreeka Exports Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Jan 30, 2024
Entitlement Ratio
3 : 2
Open Date
Mon, Feb 12, 2024
Close Date
Fri, Feb 23, 2024
The full amount of the Issue Price being Rs.20/- will be payable on application.
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 Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 329.33 | 346.04 | 351.89 |
| Revenue | 390.79 | 552.65 | 385.32 |
| Profit After Tax | 3.03 | 6.19 | -8.32 |
| Net Worth | 111.05 | 109.12 | |
| Reserves and Surplus | 103.91 | 100.88 | 94.68 |
| Amount in ₹ Crore | |||
Incorporated in 1989, Nagreeka Exports Limited produces and exports yarns, fabrics and textiles.
The company's product portfolio includes:
The company's production facility is located in Kolhapur, India, with spinning units of over 150,000 spindles.
The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses (Net Proceeds) for the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing and marketing of cotton and speciality yarn and has over 60% revenue from exports. The issue is priced at a discount of around 46% to its last traded price. The segment is heading for bright prospects and witnessing fancy from investors. The first half financial data indicates the trends. Investors may park funds for the medium to long term rewards. Read detail review...
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 2,08,17,134 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Feb 23 2024 17:00:00 | 1,68,80,260 | 39,36,874 | 2,08,17,134 | 1.11x |
Nagreeka Exports Ltd.
7, Kala Bhawan,
3, Mathew Road,
Mumbai - 400004
Mumbai, Maharashtra, 400004
Maheshwari Datamatics Pvt.Ltd.
The Nagreeka Exports Rights Issue 2024 opens on Mon, Feb 12, 2024, and closes on Fri, Feb 23, 2024.
Nagreeka Exports Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Feb 19, 2024 |
| Issue Opening Date | Mon, Feb 12, 2024 |
| Issue Closing Date | Fri, Feb 23, 2024 |
| Date of Allotment (on or about) | Tue, Mar 5, 2024 |
| Date of Credit (on or about) | Thu, Mar 14, 2024 |
| Date of Listing (on or about) | Tue, Mar 19, 2024 |
You can apply for Nagreeka Exports Rights Issue 2024 in two ways:
Steps to apply for Nagreeka Exports Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Nagreeka Exports Rights Issue 2024 using Registrar's website (R-WAP)
