₹44.97 Crores | Listing at BSE, NSE | Tue, Feb 21, 2023 - Tue, Mar 21, 2023
Raj Oil Mills Limited Rights Issue comprises 1.50 Cr equity shares aggregating to ₹44.97 Cr, offered at an issue price of ₹30 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 9, 2023.
As per the terms of payment, ₹30 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 15, 2023.
The Rights Issue opens on Feb 21, 2023 and closes on Mar 21, 2023.
The deemed date of allotment is Mar 20, 2023, following which the equity shares are expected to be credited to demat accounts on Mar 23, 2023 and listed on NSE and BSE on Mar 27, 2023.
Saffron Capital Advisors Pvt.Ltd. 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 Raj Oil Mills Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Feb 9, 2023
Entitlement Ratio
:
Open Date
Tue, Feb 21, 2023
Close Date
Tue, Mar 21, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 32.48 | 98.87 | 5.27 |
| 31-Mar-22 | 35.57 | 118.61 | 2.6 |
| Amount in ₹ Crore | |||
Incorporated in 2001, Raj Oil Mills Limited is engaged in the business of crushing, refining, and oil filtration of various types of oils. They process oils like coconut oil, groundnut oil, sunflower oil, mustard oil, and various other oil products.
The Company is running the oil filtration process plant in-house and caters to the requirements of its customers. They buy different types of raw filtered and refined edible oil from suppliers, do the oil filtration process and deliver the final products through its business partners i.e., super stockiest and distributors.
Raj Oil Mills has set up a quality control facility at the manufacturing unit to ensure supply of quality products in each of its products. The products of the company are sold under three brands viz., 'Guinea' 'Cocoraj', and 'Raj' such as "Tilraj", "Mustraj" and "Divya Shakti". These brands existence in the market for over 7 decades.
The Company's vision is to focus to manufacture and supply superior quality products to end customers, and the same has enabled them to expand the business operations domestically.
On the board of Directors of Raj Oil Mills Limited, there are 12 directors who contribute to the growth of the company with their distinct skills and expertise in different segments. Atikurraheman Daudbhai Mukhi is the Managing Director of the company.
The objects of the Issue are:
[Dilip Davda] ROML has the most popular brands under its fold for edible and other oils. Post change in management, it is in a revival mode with gradual growth in its top lines. As this RI is at around a 39.9% discount to its last traded price, well-informed investors may consider parking funds with a long-term perspective. Read detail review...
Raj Oil Mills Limited
224 - 230,
Bellasis Road,
Mumbai - 400 008
Mumbai, Maharashtra, 400008
The Raj Oil Mills Rights Issue 2023 opens on Tue, Feb 21, 2023, and closes on Tue, Mar 21, 2023.
Raj Oil Mills Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Wed, Feb 15, 2023 |
| Last Date for renunciation of Rights Entitlements | Wed, Mar 15, 2023 |
| Issue Opening Date | Tue, Feb 21, 2023 |
| Issue Closing Date | Tue, Mar 21, 2023 |
| Date of Allotment (on or about) | Mon, Mar 20, 2023 |
| Date of Credit (on or about) | Thu, Mar 23, 2023 |
| Date of Listing (on or about) | Mon, Mar 27, 2023 |
You can apply for Raj Oil Mills Rights Issue 2023 in two ways:
Steps to apply for Raj Oil Mills Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Raj Oil Mills Rights Issue 2023 using Registrar's website (R-WAP)
