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Nandani Creation Limited Rights Issue (Nandani Creation Rights Issue 2024) Detail

July 12, 2024 - July 23, 2024
Nandani Creation Limited Logo

Founded in 2012, Nandani Creation Ltd. designs, manufactures, distributes and markets Indian clothing for women through several brands, namely its flagship brand 'Jaipur Kurti', its premium brand 'Amaiva- By Jaipur Kurti', 'Jaipur Kurti Luxe' and 'Desi Fusion'.

The company offers apparels in the categories of ethnic wear, fusion wear, bottom wear, loungewear and winter wear. The company's product portfolio includes Kurtis, Palazzo, Patiala Salwar Suits, Dupattas, Kurta Sets, Tops, Co-ord Sets, Suit Sets, Skirts, Jump Suits, Shirts, Jackets, Pants and Dresses.

The company offers its products through an India-wide multi-channel distribution network which includes its exclusive brand outlets (EBOs), its own D2C website www.jaipurkurti.com and its presence on all major e-commerce platforms like Myntra, Nykaa Fashion, Ajio, Tata Cliq, Amazon, Flipkart etc. The company has also recently started building a network of multi-brand outlets ("MBOs") by opening SIS outlets in various cities like Varanasi, Lucknow, Haridwar, Gorakhpur, Punjab, Shimla, Chandigarh, Jammu & Kashmir etc.

As on March 31, 2024, the company had 13 EBOs including 08 Company Owned and Company Operated (COCO) stores and 05 Franchisee Owned and Franchisee Operated (FOFO) stores across 8 states in India.

The company's manufacturing facility is located at Kartarpura Industrial Area, near 22 Godam, Jaipur, with an area of approximately 18,000 sq. ft. and a team of more than 130 employees.

Nandani Creation Rights Issue 2024 Detail

Issue Open July 12, 2024 - July 23, 2024
Security Name Nandani Creation Limited
Issue Size (Shares) 5,327,656
Issue Size (Amount) ₹15.98 Crores
Issue Price ₹30 per share
Face Value ₹10 per share
Listing At NSE
Terms of Payment

The entire amount of the Issue Price of ₹30/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 100 Rights Equity Share(s) for every 224 fully paid-up Equity Shares held on Record Date

Nandani Creation Rights Issue 2024 Issue Timetable

Last Date to buy sharesJuly 3, 2024
Record Date July 4, 2024
Credit of Rights Entitlements July 11, 2024
Bid/Offer Opens On July 12, 2024
Renunciation of Rights Entitlements July 18, 2024
Bid/Offer Closes On July 23, 2024
Deemed Date of Allotment July 30, 2024
Credit Date July 30, 2024
Listing Date August 5, 2024

Company Financials

Nandani Creation Limited Financial Information (Restated Consolidated)

Nandani Creation Limited's revenue decreased by -7.44% and profit after tax (PAT) rose by 397.27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets69.7448.15
Revenue45.8549.54
Profit After Tax0.550.11
Net Worth29.8729.00
Reserves and Surplus18.3817.56
Amount in ₹ Crore

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by the Company for the objects set out below:

  1. To augment the existing and incremental working capital requirement of the company;
  2. Investment in our Subsidiary, Desi Fusion Private Limited (DFPL) for funding its Working Capital Requirement; and
  3. General corporate purposes.

Nandani Creation Rights Issue 2024 Subscription Status

Nandani Creation Rights Issue 2024 is subscribed 0.2 times as on July 19, 2024 5:00:31 PM. The total bid quantity received by NSE is 1,087,785 shares.

Nandani Creation Rights Issue 2024 Documents

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Company Contact Information

Nandani Creation Limited
G-13, Kartarpura Industrial Area,
Near 22 Godam,
Jaipur - 302006

Phone: +91 0141-4037596
Email: info@jaipurkurti.com
Website: http://www.nandanicreation.com/

Nandani Creation Rights Issue 2024 Registrar

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

Nandani Creation Rights Issue 2024 Lead Manager(s)

Nandani Creation Rights Issue 2024 FAQs

The Nandani Creation Rights Issue 2024 opens on July 12, 2024, and closes on July 23, 2024.

Nandani Creation Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsJuly 11, 2024
Last Date for renunciation of Rights EntitlementsJuly 18, 2024
Issue Opening DateJuly 12, 2024
Issue Closing DateJuly 23, 2024
Date of Allotment (on or about)July 30, 2024
Date of Credit (on or about)July 30, 2024
Date of Listing (on or about)August 5, 2024

Nandani Creation Rights Issue 2024 price is set at ₹30 per share per equity share.

The eligible shareholders are being offered 100 Rights Equity Share(s) for every 224 fully paid-up Equity Shares held on Record Date (July 4, 2024).

The record date for the Nandani Creation Rights Issue 2024 is July 4, 2024.

The issue size of Nandani Creation Rights Issue 2024 is of 5,327,656 equity shares at ₹30 per share aggregating upto ₹15.98 Crores.

The Letter of Offer for Nandani Creation Rights Issue 2024 can be download here.

You can apply for Nandani Creation Rights Issue 2024 in two ways:

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

Steps to apply for Nandani Creation 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 Nandani Creation Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Nandani Creation 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 Nandani Creation Rights Issue 2024 using Registrar's website (R-WAP)

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

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