₹33.40 Crores | Listing at BSE, NSE | Mon, Apr 18, 2022 - Mon, May 16, 2022
Nakoda Group of Industries Limited Rights Issue comprises 0.2784 Cr equity shares aggregating to ₹33.40 Cr, offered at an issue price of ₹120 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 1, 2022.
As per the terms of payment, ₹120 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Apr 8, 2022.
The Rights Issue opens on Apr 18, 2022, and closes on May 16, 2022, with renunciation of Rights Entitlements permitted up to Apr 27, 2022.
The deemed date of allotment is May 12, 2022, following which the equity shares are expected to be credited to demat accounts on May 20, 2022 and listed on NSE and BSE on May 23, 2022.
Smart Horizon Capital Advisors 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 Nakoda Group of Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Apr 1, 2022
Entitlement Ratio
:
Open Date
Mon, Apr 18, 2022
Close Date
Mon, May 16, 2022
| 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 | |||
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.
The company proposes to utilize the Net Proceeds to:
The Rights Issue closing date is extended from May 2, 2022 to May 16, 2022.
[Dilip Davda] The company is in a highly competitive and fragmented segment with many local and multinational players. It has posted an average financial performance so far. Based on its financial track record, this RI is aggressively priced. Cash surplus investors may consider the parking of funds from a long term perspective. Read detail review...
Nakoda Group of Industries Limited
239, Bagad Ganj,
Nagpur – 440 008,
Maharashtra,
The Nakoda Group of Industries Rights Issue 2022 opens on Mon, Apr 18, 2022, and closes on Mon, May 16, 2022.
Nakoda Group of Industries Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Fri, Apr 8, 2022 |
| Last Date for renunciation of Rights Entitlements | Wed, Apr 27, 2022 |
| Issue Opening Date | Mon, Apr 18, 2022 |
| Issue Closing Date | Mon, May 16, 2022 |
| Date of Allotment (on or about) | Thu, May 12, 2022 |
| Date of Credit (on or about) | Fri, May 20, 2022 |
| Date of Listing (on or about) | Mon, May 23, 2022 |
You can apply for Nakoda Group of Industries Rights Issue 2022 in two ways:
Steps to apply for Nakoda Group of Industries Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Nakoda Group of Industries Rights Issue 2022 using Registrar's website (R-WAP)
