₹12.18 Crores | Listing at BSE | Fri, Dec 9, 2022 - Thu, Dec 15, 2022
Rungta Irrigation Ltd. Rights Issue comprises 1.11 Cr equity shares aggregating to ₹12.18 Cr, offered at an issue price of ₹11 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Nov 11, 2022.
As per the terms of payment, ₹11 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 8, 2022.
The Rights Issue opens on Dec 9, 2022 and closes on Dec 15, 2022.
The deemed date of allotment is Dec 20, 2022, following which the equity shares are expected to be credited to demat accounts on Dec 22, 2022 and listed on the BSE on Dec 23, 2022.
Beetal Financial & Computer Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Rungta Irrigation Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Nov 11, 2022
Entitlement Ratio
:
Open Date
Fri, Dec 9, 2022
Close Date
Thu, Dec 15, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 90.87 | 48.07 | 0.55 | 64.89 | 56.04 | 16.33 |
| 31-Mar-22 | 103.63 | 71.87 | 1.28 | 66.12 | 57.26 | 23.4 |
| Amount in ₹ Crore | ||||||
Incorporated in 1986, Rungta Irrigation is engaged mainly in manufacturing, designing, assembling and marketing pipe-based sprinkler irrigation systems. The company has complete 2368 projects and has won 366 awards. The company has 999 employed workers.
The product portfolio includes HDPE Sprinkler System, Drip Irrigation Systems, HDPE Piping System, Rungta Irrigation uPVC Pipes, RUNGTA Rigid PVC pipes and Blue Casing Pipes for Bore Well. The company's manufacturing units are located at Pondicherry, Uttar Pradesh, Hyderabad and Jamshedpur.
The objects of the Issue are:
A. Repayment of loan.
B. Working Capital Requirements.
C. General corporate purposes.
[Dilip Davda] The issue is reasonably priced and the segment is poised for bright prospects with a major thrust on reforms in agriculture. Investors may consider an investment with a medium to long-term perspective. Read detail review...
Rungta Irrigation Ltd.
101, Pragati Towers,
26, Rajendra Place,
New Delhi – 110 008
New Delhi, New Delhi, 110008
Beetal Financial & Computer Services Pvt.Ltd.
The Rungta Irrigation Rights Issue 2022 opens on Fri, Dec 9, 2022, and closes on Thu, Dec 15, 2022.
Rungta Irrigation Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Thu, Dec 8, 2022 |
| Last Date for renunciation of Rights Entitlements | Mon, Dec 12, 2022 |
| Issue Opening Date | Fri, Dec 9, 2022 |
| Issue Closing Date | Thu, Dec 15, 2022 |
| Date of Allotment (on or about) | Tue, Dec 20, 2022 |
| Date of Credit (on or about) | Thu, Dec 22, 2022 |
| Date of Listing (on or about) | Fri, Dec 23, 2022 |
You can apply for Rungta Irrigation Rights Issue 2022 in two ways:
Steps to apply for Rungta Irrigation Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Rungta Irrigation Rights Issue 2022 using Registrar's website (R-WAP)
