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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.
Issue Open | July 12, 2024 - July 26, 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 |
Last Date to buy shares | July 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 26, 2024 |
Deemed Date of Allotment | August 2, 2024 |
Credit Date | August 2, 2024 |
Listing Date | August 6, 2024 |
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 |
The Net Proceeds from the Issue are proposed to be utilized by the Company for the objects set out below:
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 6,290,895 shares.
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshargonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Nandani Creation Rights Issue 2024 opens on July 12, 2024, and closes on July 26, 2024.
Nandani Creation Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | July 11, 2024 |
Last Date for renunciation of Rights Entitlements | July 18, 2024 |
Issue Opening Date | July 12, 2024 |
Issue Closing Date | July 26, 2024 |
Date of Allotment (on or about) | August 2, 2024 |
Date of Credit (on or about) | August 2, 2024 |
Date of Listing (on or about) | August 6, 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:
Steps to apply for Nandani Creation Rights Issue 2024 using Net Banking (ASBA)
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)
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