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Rungta Irrigation Ltd. Rights Issue (Rungta Irrigation Rights Issue 2022) Detail

Dec 9, 2022 - Dec 15, 2022
Rungta Irrigation Ltd. Logo

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.

Rungta Irrigation Rights Issue 2022 Detail

Issue Open Dec 9, 2022 - Dec 15, 2022
Security Name Rungta Irrigation Ltd.
Issue Size (Shares) 11,070,125
Issue Size (Amount) ₹12.18 Crores
Issue Price ₹11 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The amount of Rs. 3 per share has to be paid at the time of Application, Rs. 4 on On First Call and Rs. 4 Second Call.

Entitlement 1.25 Equity Shares for every 1 Equity Shares held on the Record Date

Rungta Irrigation Rights Issue 2022 Issue Timetable

Record Date Nov 11, 2022
Credit of Rights Entitlements Dec 8, 2022
Bid/Offer Opens On Dec 9, 2022
Renunciation of Rights Entitlements Dec 12, 2022
Bid/Offer Closes On Dec 15, 2022
Deemed Date of Allotment Dec 20, 2022
Credit Date Dec 22, 2022
Listing Date Dec 23, 2022

Company Financials

Rungta Irrigation Ltd. Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2190.8748.070.5564.8956.0416.33
31-Mar-22103.6371.871.2866.1257.2623.4
Amount in ₹ Crore

Objects of the Issue:

The objects of the Issue are:

A. Repayment of loan.

B. Working Capital Requirements.

C. General corporate purposes.

Rungta Irrigation Rights Issue 2022 Documents

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Company Contact Information

Rungta Irrigation Ltd.
101, Pragati Towers,
26, Rajendra Place,
New Delhi – 110 008

Phone: +91-(11)-40453330 – 332
Email: edp@rungtairrigation.in
Website: https://www.rungtairrigation.in/

Rungta Irrigation Rights Issue 2022 Registrar

  1. Beetal Financial & Computer Services (P) Limited
    Phone: +91 11 29961281
    Email: beetal@beetalfinancial.com
    Website: http://www.beetalfinancial.com

Rungta Irrigation Rights Issue 2022 Lead Manager(s)

Rungta Irrigation Rights Issue 2022 FAQs

The Rungta Irrigation Rights Issue 2022 opens on Dec 9, 2022, and closes on Dec 15, 2022.

Rungta Irrigation Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsDec 8, 2022
Last Date for renunciation of Rights EntitlementsDec 12, 2022
Issue Opening DateDec 9, 2022
Issue Closing DateDec 15, 2022
Date of Allotment (on or about)Dec 20, 2022
Date of Credit (on or about)Dec 22, 2022
Date of Listing (on or about)Dec 23, 2022

Rungta Irrigation Rights Issue 2022 price is set at ₹11 per share per equity share.

The eligible shareholders are being offered 1.25 Equity Shares for every 1 Equity Shares held on the Record Date (Nov 11, 2022).

The record date for the Rungta Irrigation Rights Issue 2022 is Nov 11, 2022.

The issue size of Rungta Irrigation Rights Issue 2022 is of 11,070,125 equity shares at ₹11 per share aggregating upto ₹12.18 Crores.

The Letter of Offer for Rungta Irrigation Rights Issue 2022 can be download here.

You can apply for Rungta Irrigation Rights Issue 2022 in two ways:

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

Steps to apply for Rungta Irrigation Rights Issue 2022 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 Rungta Irrigation Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Rungta Irrigation Rights Issue 2022.
  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 Rungta Irrigation Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Rungta Irrigation Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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