₹15.98 Crores | Listing at NSE | Fri, Jul 12, 2024 - Fri, Jul 26, 2024
Nandani Creation Limited Rights Issue comprises 0.5328 Cr equity shares aggregating to ₹15.98 Cr, offered at an issue price of ₹30 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jul 4, 2024, with the Rights Issue being offered in the entitlement ratio of 100 : 224.
The term of payment is defined as following : The entire amount of the Issue Price of ₹30/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 2, 2024.
The Rights Issue opens on Jul 12, 2024, and closes on Jul 26, 2024, with renunciation of Rights Entitlements permitted up to Jul 18, 2024.
The deemed date of allotment is Aug 2, 2024, following which the equity shares are expected to be credited to demat accounts on Aug 2, 2024 and listed at the NSE on Aug 6, 2024.
Srujan Alpha Capital Advisors LLP 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 Nandani Creation Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Jul 4, 2024
Entitlement Ratio
100 : 224
Open Date
Fri, Jul 12, 2024
Close Date
Fri, Jul 26, 2024
The entire amount of the Issue Price of ₹30/- per Rights Equity Share shall be payable at the time of Application.
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 Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 69.74 | 48.15 |
| Revenue | 45.85 | 49.54 |
| Profit After Tax | 0.55 | 0.11 |
| Net Worth | 29.87 | 29.00 |
| Reserves and Surplus | 18.38 | 17.56 |
| Amount in ₹ Crore | ||
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.
The Net Proceeds from the Issue are proposed to be utilized by the Company for the objects set out below:
[Dilip Davda] The company is in the business of manufacturing, designing and marketing of variety portfolio of Indian women wears. It is operating in a highly competitive and fragmented segment. It marked minuscule profits on almost static top lines for the last two fiscals. Based on its last traded price, though RI appears lucrative, it’s a “High Risk/Low Return” bet. There is no harm in skipping this risky bet. Read detail review...
Nandani Creation Rights Issue 2024 got oversubscribed by 1.18 times by the end of the bidding period with total bid quantity received by NSE of 62,90,895 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Jul 26 2024 17:00:38 | 62,90,895 | 1.18x |
Nandani Creation Limited
G-13, Kartarpura Industrial Area,
Near 22 Godam,
Jaipur - 302006
Jaipur, Rajasthan, 302006
The Nandani Creation Rights Issue 2024 opens on Fri, Jul 12, 2024, and closes on Fri, Jul 26, 2024.
Nandani Creation Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Jul 11, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Jul 18, 2024 |
| Issue Opening Date | Fri, Jul 12, 2024 |
| Issue Closing Date | Fri, Jul 26, 2024 |
| Date of Allotment (on or about) | Fri, Aug 2, 2024 |
| Date of Credit (on or about) | Fri, Aug 2, 2024 |
| Date of Listing (on or about) | Tue, Aug 6, 2024 |
You can apply for Nandani Creation Rights Issue 2024 in two ways:
Steps to apply for Nandani Creation Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Nandani Creation Rights Issue 2024 using Registrar's website (R-WAP)
