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Nakoda Group of Industries Limited Rights Issue (Nakoda Group of Industries Rights Issue 2022) Detail

April 18, 2022 - May 16, 2022
Nakoda Group of Industries Limited Logo

Nakoda Group of Industries Limited is a manufacturer of Tutti fruity and Canned & Dehydrated fruit cubes. The company also manufactures Karonda Cherries (Indian Cherries), Sweet lime peels, Orange Cut Peels, Sesame Seeds Hulled Auto dry, All Varieties of Jams, Sauces, Spices, Chikkis (Fruity Bars), Pickles, Papads, Canned Vegetables and Frozen Fruits & Vegetables. Nakoda Group is also engaged in processing Dry Fruits & Nuts which are imported from California and other Middle-east countries by the traders in Maharashtra.

The company has three existing Units in Nagpur i.e. Navkar Processors, Nakoda Fruit Products Pvt. Ltd., Parshva Food International and each unit has a production capacity of 8 to 10 MT.

Nakoda Group of Industries Rights Issue 2022 Detail

Issue Open April 18, 2022 - May 16, 2022
Security Name Nakoda Group of Industries Limited
Issue Size (Shares) 2,783,625
Issue Size (Amount) ₹33.40 Crores
Issue Price ₹120 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

Investors will have to pay the full amount of Rs 120 on the application.

Entitlement 1 Rights Equity Shares for every 4 fully paid-up Equity Shares held on the Record Date

Nakoda Group of Industries Rights Issue 2022 Issue Timetable

Record Date April 1, 2022
Credit of Rights Entitlements April 8, 2022
Bid/Offer Opens On April 18, 2022
Renunciation of Rights Entitlements April 27, 2022
Bid/Offer Closes On May 16, 2022
Deemed Date of Allotment May 12, 2022
Credit Date May 20, 2022
Listing Date May 23, 2022

Company Financials

Summary of financial Information
Particulars For the year/period ended (Rs in Millions)
  31-Mar-21 31-Mar-20
Total Assets 415.91 383.56
Total Revenue 308.82 256.02
Profit After Tax 11.96 0.252

Objects of the Issue:

The company proposes to utilize the Net Proceeds to:

  1. Repayment or prepayment, of all or a portion of certain outstanding borrowings including interest availed by the Company.
  2. To augment the existing and incremental working capital requirement of our company.
  3. General Corporate Purposes.

Rights Issue Notices

External Link

Issue Closing Date Extended

The Rights Issue closing date is extended from May 2, 2022 to May 16, 2022.

Nakoda Group of Industries Rights Issue 2022 Documents

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Company Contact Information

Nakoda Group of Industries Limited
239, Bagad Ganj,
Nagpur – 440 008,
Maharashtra,

Phone: 0712 2778824
Email: info@nakodas.com
Website: https://nakodas.com/

Nakoda Group of Industries Rights Issue 2022 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Nakoda Group of Industries Rights Issue 2022 Lead Manager(s)

Nakoda Group of Industries Rights Issue 2022 FAQs

The Nakoda Group of Industries Rights Issue 2022 opens on April 18, 2022, and closes on May 16, 2022.

Nakoda Group of Industries Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsApril 8, 2022
Last Date for renunciation of Rights EntitlementsApril 27, 2022
Issue Opening DateApril 18, 2022
Issue Closing DateMay 16, 2022
Date of Allotment (on or about)May 12, 2022
Date of Credit (on or about)May 20, 2022
Date of Listing (on or about)May 23, 2022

Nakoda Group of Industries Rights Issue 2022 price is set at ₹120 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Shares for every 4 fully paid-up Equity Shares held on the Record Date (April 1, 2022).

The record date for the Nakoda Group of Industries Rights Issue 2022 is April 1, 2022.

The issue size of Nakoda Group of Industries Rights Issue 2022 is of 2,783,625 equity shares at ₹120 per share aggregating upto ₹33.40 Crores.

The Letter of Offer for Nakoda Group of Industries Rights Issue 2022 can be download here.

You can apply for Nakoda Group of Industries Rights Issue 2022 in two ways:

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

Steps to apply for Nakoda Group of Industries Rights Issue 2022 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 Nakoda Group of Industries Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Nakoda Group of Industries Rights Issue 2022.
  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 Nakoda Group of Industries Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Nakoda Group of Industries Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

5 Comments

5. Mohd     Link|May 18, 2022 12:00:30 AM
I have purchased 600 RE, who will pay my lost around 27000/INR.
Today withdraw my ASBA and from demat RE share.
Kindly advise me who will my amount.
5.1. Vikash     Link|May 25, 2022 7:47:17 PM
Even I am facing same issue as bought 1000 approx right entitlement from open market. I also got my money blocked with my bank throught ASBA.. have raised query through zerodha support so may approach NSE with complaint
5.2. YASH     Link|June 14, 2022 5:34:15 PM
I HAVE ALSO PURCHASE RE FROM OPEN MARKET . AND MY MONEY NOT RETURN CAN ANYONE SUGGEST WHAT TO DO? OR ANYONE BACKS HIS AMOUNT?
4. GAURAV KUMAR     Link|May 18, 2022 8:44:48 PM
I have 100 RE what should I do?
Any option?
3. Auto pursa     Link|May 16, 2022 4:30:17 PM
Rights issue is withdrawn what about the purchased re?
3.1. dastagir     Link|May 17, 2022 10:21:35 PM
I have purchased 600 RE, who will pay my lost around 27000/INR.
Today withdraw my ASBA and from demat RE share.
Kindly advise me who will my amount.
2. Auto pursa     Link|May 15, 2022 11:41:07 AM
i have purchased 2 entitlements. But when i tried to block my amount in canara bank asba the bank website shows the last day as 13th may.then i tried to fund with r wap ( in big share website it shows as b wap)in big share website which is not functioning properly.What should i do
1. Lignesh Gandhi     Link|May 12, 2022 10:38:55 AM
Can we withdraw Rights application for Nakoda as price has tumbled and nothing left on the table. Issue will be closed on 16th May.

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