₹48.51 Crores | Listing at BSE, NSE | Thu, Sep 19, 2024 - Thu, Oct 10, 2024
Oriental Trimex Ltd. Rights Issue comprises 4.41 Cr equity shares aggregating to ₹48.51 Cr, offered at an issue price of ₹11 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Sep 5, 2024, with the Rights Issue being offered in the entitlement ratio of 3 : 2.
The term of payment is defined as following : The entire amount of the Issue Price of Rs. 11 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 Oct 3, 2024.
The Rights Issue opens on Sep 19, 2024, and closes on Oct 10, 2024, with renunciation of Rights Entitlements permitted up to Sep 27, 2024.
The deemed date of allotment is Oct 3, 2024, following which the equity shares are expected to be credited to demat accounts on Oct 9, 2024 and listed at the NSE and the BSE on Oct 11, 2024.
Beetal Financial & Computer Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Oriental Trimex Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Sep 5, 2024
Entitlement Ratio
3 : 2
Open Date
Thu, Sep 19, 2024
Close Date
Thu, Oct 10, 2024
The entire amount of the Issue Price of Rs. 11 per Rights Equity Share shall be payable at the time of Application.
Oriental Trimex Ltd.'s revenue decreased by -39% and profit after tax (PAT) dropped by -51% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 108.39 | 119 | 121.97 | 130.22 |
| Revenue | 5.49 | 8.97 | 20.46 | 20.37 |
| Profit After Tax | -6.5 | -4.32 | -5.87 | -3.92 |
| Net Worth | 61.06 | 68.3 | 70.55 | 76.38 |
| Total Borrowing | 6.51 | 6.47 | 5.96 | 6.36 |
| Amount in ₹ Crore | ||||
Oriental Trimex Limited was founded in 1996 and offers premium quality Italian and other marble to the Indian market.
The company's marble processing plants are located in Greater Noida near Delhi in the National Capital Region with an annual capacity of 25,200 MT. These plants are fully integrated processing units equipped with state-of-the-art machinery, namely, Gangsaws, automatic resin lines with robotic feed imported from SEI, Italy, one of the pioneers and leading manufacturers of machinery for the marble industry, automatic line polishers, and imported grinding machines.
The company also imports semi-finished marble slabs from SEI, Italy, and Sri Lanka, apart from sourcing slabs and blocks from within the country.
The company currently has its own sales and marketing outlets, including factories in Greater Noida. The company is the sole processor and supplier of imported marble in the whole of India.
As of June 21, 2024, the company had a total of 17 Employees.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] The company is in the business of processing and marketing of various types of marbles and stones. It has been incurring losses for the last three fiscals. This is a “High Risk/Low Return” bet at a premium from a loss making company. The counter is well operated and managed above the RI price to tempt investors. Higher equity base post RI may witness its servicing issue. There is no harm in skipping it. Read detail review...
Oriental Trimex Rights Issue 2024 got subscribed by 0.93 times by the end of the bidding period with total bid quantity received by BSE and NSE of 4,11,12,136 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Oct 09 2024 17:00:00 | 4,01,33,440 | 9,78,696 | 4,11,12,136 | 0.93x |
Oriental Trimex Ltd.
26/25 Bazar Marg,
Old Rajinder Nagar,
New Delhi, India, 110060
New Delhi, New Delhi, 110060
Beetal Financial & Computer Services Pvt.Ltd.
The Oriental Trimex Rights Issue 2024 opens on Thu, Sep 19, 2024, and closes on Thu, Oct 10, 2024.
Oriental Trimex Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, Sep 18, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Sep 27, 2024 |
| Issue Opening Date | Thu, Sep 19, 2024 |
| Issue Closing Date | Thu, Oct 10, 2024 |
| Date of Allotment (on or about) | Thu, Oct 3, 2024 |
| Date of Credit (on or about) | Wed, Oct 9, 2024 |
| Date of Listing (on or about) | Fri, Oct 11, 2024 |
You can apply for Oriental Trimex Rights Issue 2024 in two ways:
Steps to apply for Oriental Trimex Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Oriental Trimex Rights Issue 2024 using Registrar's website (R-WAP)
