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Incorporated in 1989, Texel Industries manufactures a wide range of geosynthetic textile products which includes tarpaulins, geomembranes, vermibed, geotank, geotube, grow bags azollabed, and waterproof membrane. The company's products serve industries such as aquaculture, horticulture, animal husbandry, civil engineering, water harvesting, water conservation and disaster relief, landscaping, transportation, and waste management.
Texel is an ISO 9001:2015 certified company with a manufacturing facility in Gujarat. Presently the company has a manufacturing capacity of 9,000 MT per annum in Gandhinagar, Gujarat, and is looking to increase its capacity to 10,080 MT per annum by setting up a new manufacturing facility at Kheda district of Gujarat. Company's products are also sold to farmers through government tenders and they market their products online
| Issue Open | Aug 31, 2021 - Sep 14, 2021 |
| Security Name | Texel Industries Limited |
| Issue Size (Shares) | 0.31 Crores |
| Issue Size (Amount) | ₹12.49 Crores |
| Issue Price | ₹40 per share |
| Face Value | ₹10 per share |
| Minimum Lot size | |
| Market Lot | 1 per share |
| Listing At | BSE |
| Terms of Payment | On Application, Investors will have to pay Rs.20 per Rights Equity Share (50% of the Issue Price). The balance of Rs.20 per Rights Equity Share (50% of the Issue Price) will have to be paid in the first and final call at such time as may be determined by the Company Board at its sole discretion. |
| Entitlement | 55 Rights Equity Shares for every 92 fully paid-up Equity Shares held on the Record date |
| Bid/Offer Opens On | Aug 31, 2021 |
| Bid/Offer Closes On | Sep 14, 2021 |
| Record Date | Aug 17, 2021 |
| Deemed Date of Allotment | Sep 21, 2021 |
| Renunciation of Rights Entitlements | Sep 8, 2021 |
| Particulars | For the year/period ended (Rs.in Lakhs) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 7,336.23 | 3,744.64 | |
| Total Revenue | 8,306.98 | 9,552.95 | |
| Profit After Tax | 213.30 | 207.24 | |
The Proceeds from the Issue will be utilized towards funding of the following objects:
1. Setting up new manufacturing facility at Kheda, Gujarat
(Proposed Expansion).
2. General Corporate Purposes.
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Texel Industries Limited
Block No. 2106, Santej-Khatraj Road
Nr. Gayatri Farm House, Village - Santej
Taluka - Kalol (N.G), District - Gandhinagar- 3827
Phone: +91 8980026220/ 26110
Email: info@geotexelin.com
Website: http://www.geotexelin.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: texel.rights@linkintime.co.in
Website: http://www.linkintime.co.in
The Texel Industries Ltd Rights Issue opens on Aug 31, 2021, and closes on Sep 14, 2021.
Texel Industries Ltd Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Aug 30, 2021 |
| Last Date for renunciation of Rights Entitlements | Sep 8, 2021 |
| Issue Opening Date | Aug 31, 2021 |
| Issue Closing Date | Sep 14, 2021 |
| Date of Allotment (on or about) | Sep 21, 2021 |
| Date of Credit (on or about) | Sep 22, 2021 |
| Date of Listing (on or about) | Sep 24, 2021 |
Texel Industries Ltd Rights Issue price is set at ₹40 per share per equity share.
The eligible shareholders are being offered 55 Rights Equity Shares for every 92 fully paid-up Equity Shares held on the Record date (Aug 17, 2021).
The record date for the Texel Industries Ltd Rights Issue is Aug 17, 2021.
The issue size of Texel Industries Ltd Rights Issue is of 0.31 Crores equity shares at ₹40 per share aggregating upto ₹12.49 Crores.
The Letter of Offer for Texel Industries Ltd Rights Issue can be download here.
You can apply for Texel Industries Ltd Rights Issue in two ways:
Steps to apply for Texel Industries Ltd Rights Issue using Net Banking (ASBA)
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 Texel Industries Ltd Rights Issue using Registrar's website (R-WAP)
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