₹48.32 Crores | Listing at BSE | Mon, Nov 25, 2024 - Mon, Dec 16, 2024
Pradhin Ltd Rights Issue comprises 1.93 Cr equity shares aggregating to ₹48.32 Cr, offered at an issue price of ₹25 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Nov 14, 2024, with the Rights Issue being offered in the entitlement ratio of 53 : 10.
The term of payment is defined as following : Full amount payable on Application
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 2, 2024.
The Rights Issue opens on Nov 25, 2024, and closes on Dec 16, 2024, with renunciation of Rights Entitlements permitted up to Dec 10, 2024.
The deemed date of allotment is Dec 2, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 27, 2024 and listed at the BSE on Dec 31, 2024.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Pradhin Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Nov 14, 2024
Entitlement Ratio
53 : 10
Open Date
Mon, Nov 25, 2024
Close Date
Mon, Dec 16, 2024
Full amount payable on Application
Pradhin Ltd's revenue decreased by -68.36% and profit after tax (PAT) rose by 630.57% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7.72 | 6.96 | |
| Revenue | 5.44 | 17.19 | 20.32 |
| Profit After Tax | 0.54 | -0.10 | 0.34 |
| Net Worth | 6.63 | 6.08 | 6.18 |
| Total Borrowing | 1.09 | 0.88 | 0.83 |
| Amount in ₹ Crore | |||
Incorporated on 3 June 1982, Pradhin Limited is a newly established public company specializing in steel raw materials and the agricultural sector.
Their aim is to provide quality products and services through ethical business practices, community development and sustainability. Their vision is to be a leading supplier of steel raw materials and a pioneer in sustainable agriculture that drives economic growth and environmental protection.
The company offers various services such as steel raw materials, sustainable agriculture solutions, customized resources and research and development.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
1. To meet incremental working Capital requirements
2. General corporate purposes
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It mulls diversified model of business in dairy, agro products, steel, etc. It marked inconsistency in its top and bottom lines for the reported periods. The counter has thin volume with vested interests of operators to keep it above the RI pricing. Nearly six-fold jump in its equity base post-RI also may lead to its servicing issue. The RI is priced aggressively and is a “High Risk/Low Return” bet. There is no harm in skipping this pricey RI. Read detail review...
Pradhin Rights Issue 2024 got oversubscribed by 1.07 times by the end of the bidding period with total bid quantity received by BSE of 2,05,93,992 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 16 2024 17:00:00 | 2,05,93,992 | 1.07x |
Pradhin Ltd
61
SEMBUDOSS Street
CHENNAI, INDIA, Tamilnadu, 600001
Chennai, Tamil Nadu, 600001
The Pradhin Rights Issue 2024 opens on Mon, Nov 25, 2024, and closes on Mon, Dec 16, 2024.
Pradhin Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Nov 22, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Dec 10, 2024 |
| Issue Opening Date | Mon, Nov 25, 2024 |
| Issue Closing Date | Mon, Dec 16, 2024 |
| Date of Allotment (on or about) | Mon, Dec 2, 2024 |
| Date of Credit (on or about) | Fri, Dec 27, 2024 |
| Date of Listing (on or about) | Tue, Dec 31, 2024 |
You can apply for Pradhin Rights Issue 2024 in two ways:
Steps to apply for Pradhin Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Pradhin Rights Issue 2024 using Registrar's website (R-WAP)
