₹29.26 Crores | Listing at BSE | Thu, Sep 15, 2022 - Wed, Sep 21, 2022
Suditi Industries Limited Rights Issue comprises 0.9752 Cr equity shares aggregating to ₹29.26 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 Sep 6, 2022.
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 Sep 8, 2022.
The Rights Issue opens on Sep 15, 2022 and closes on Sep 21, 2022.
Chartered Finance Management Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Suditi Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Sep 6, 2022
Entitlement Ratio
:
Open Date
Thu, Sep 15, 2022
Close Date
Wed, Sep 21, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 109.47 | 112.36 | 3.3 |
| 31-Mar-20 | 119.45 | 95.52 | -1.73 |
| 31-Mar-21 | 102.18 | 50.44 | -17.45 |
| Amount in ₹ Crore | |||
Incorporated in 1991, Suditi Industries Limited is in the business of manufacturing fabrics and has over the years developed into a comprehensive ecosystem covering knitting, dyeing, printing, finishing and garments.
The company has three manufacturing facilities two of which are located at MIDC, TTC Industrial Area, Village, Turbhe, Navi Mumbai in the state of Maharashtra and the third at Vapi in District Valsad in the state of Gujarat.
The main objective of the company is to manufacture, buy, sell, import and export readymade garments made out of woven, knitted, felted, netted, looped or flocked fabrics made of all kinds of fibre whether natural, synthetic or man‐made and to carry on the business of manufactures, importers and exporters, wholesale and retail dealers of and in hosiery goods of every kind, nature and description for men, women and children including vests, underwear, socks, stockings, sweaters and laces.
The Objects of the Issue are :
1. Augmentation of existing and incremental Working Capital requirement of the Company.
2. Part repayment or prepayment of Unsecured Loans/Inter Corporate Deposits availed by the Company from the Promoter and Promoter group companies forming part of Promoter Group.
3. Part repayment/pre‐payment of certain secured loans availed from lenders.
4. General Corporate purposes.
5. Issue related expenses.
[Dilip Davda] Though the company is in the textile segment with a comprehensive basket, it has been incurring losses for the past three fiscals. It has a negative NAV of Rs. 11.17 as of June 30, 2022. Considering these, there is no harm in ignoring this pricy bet Read detail review...
Suditi Industries Limited
C‐253/254, MIDC,
TTC Industrial Area, Pawne Village,
Turbhe, Navi Mumbai – 400705,
Navi Mumbai, Maharashtra, 400705
The Suditi Industries Rights Issue 2022 opens on Thu, Sep 15, 2022, and closes on Wed, Sep 21, 2022.
Suditi Industries Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Thu, Sep 8, 2022 |
| Last Date for renunciation of Rights Entitlements | Fri, Sep 16, 2022 |
| Issue Opening Date | Thu, Sep 15, 2022 |
| Issue Closing Date | Wed, Sep 21, 2022 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
You can apply for Suditi Industries Rights Issue 2022 in two ways:
Steps to apply for Suditi Industries Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Suditi Industries Rights Issue 2022 using Registrar's website (R-WAP)
