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Raj Oil Mills Limited Rights Issue (Raj Oil Mills Rights Issue 2023) Detail

February 21, 2023 - March 21, 2023
Raj Oil Mills Limited Logo

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.

Raj Oil Mills Rights Issue 2023 Detail

Issue Open February 21, 2023 - March 21, 2023
Security Name Raj Oil Mills Limited
Issue Size (Shares) 14,988,684
Issue Size (Amount) ₹44.97 Crores
Issue Price ₹30 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

100% of the issue price shall be payable on application.

Entitlement 1 Rights Equity Share For Every 1 Fully Paid-Up Equity Shares Held

Raj Oil Mills Rights Issue 2023 Issue Timetable

Record Date February 9, 2023
Credit of Rights Entitlements February 15, 2023
Bid/Offer Opens On February 21, 2023
Renunciation of Rights Entitlements March 15, 2023
Bid/Offer Closes On March 21, 2023
Deemed Date of Allotment March 20, 2023
Credit Date March 23, 2023
Listing Date March 27, 2023

Company Financials

Raj Oil Mills Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2132.4898.875.27
31-Mar-2235.57118.612.6
Amount in ₹ Crore

Objects of the Issue:

The objects of the Issue are:

  1. Repayment or pre-payment in full or part, unsecured loans availed by our Company from Promoter, Promoter Group and Directors of our Company;
  2. To augment the existing and incremental working capital requirement of our Company; and
  3. General Corporate Purposes

Raj Oil Mills Rights Issue 2023 Documents

Raj Oil Mills Rights Issue 2023 Rating

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Company Contact Information

Raj Oil Mills Limited
224 - 230,
Bellasis Road,
Mumbai - 400 008

Phone: +91 22 23021996/7/8
Email: cs@rajoilmillsltd.com
Website: http://www.rajoilmillsltd.com/

Raj Oil Mills Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Raj Oil Mills Rights Issue 2023 Lead Manager(s)

Raj Oil Mills Rights Issue 2023 FAQs

The Raj Oil Mills Rights Issue 2023 opens on February 21, 2023, and closes on March 21, 2023.

Raj Oil Mills Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsFebruary 15, 2023
Last Date for renunciation of Rights EntitlementsMarch 15, 2023
Issue Opening DateFebruary 21, 2023
Issue Closing DateMarch 21, 2023
Date of Allotment (on or about)March 20, 2023
Date of Credit (on or about)March 23, 2023
Date of Listing (on or about)March 27, 2023

Raj Oil Mills Rights Issue 2023 price is set at ₹30 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share For Every 1 Fully Paid-Up Equity Shares Held (February 9, 2023).

The record date for the Raj Oil Mills Rights Issue 2023 is February 9, 2023.

The issue size of Raj Oil Mills Rights Issue 2023 is of 14,988,684 equity shares at ₹30 per share aggregating upto ₹44.97 Crores.

The Letter of Offer for Raj Oil Mills Rights Issue 2023 can be download here.

You can apply for Raj Oil Mills Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Raj Oil Mills Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Raj Oil Mills Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Raj Oil Mills Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

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 Raj Oil Mills Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Raj Oil Mills Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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