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Texel Industries Limited Rights Issue (Texel Industries Ltd Rights Issue) Detail

Aug 31, 2021 - Sep 14, 2021
Texel Industries Limited Logo

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

Texel Industries Ltd Rights Issue Detail

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

Texel Industries Ltd Rights Issue Issue Timetable

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

Company Financials

Summary of financial Information (Consolidated)
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

Objects of the Issue:

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.

Texel Industries Ltd Rights Issue Documents

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Company Contact Information

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/

Texel Industries Ltd Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: texel.rights@linkintime.co.in
    Website: http://www.linkintime.co.in

Texel Industries Ltd Rights Issue Lead Manager(s)

Texel Industries Ltd Rights Issue FAQs

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 EntitlementsAug 30, 2021
Last Date for renunciation of Rights EntitlementsSep 8, 2021
Issue Opening DateAug 31, 2021
Issue Closing DateSep 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:

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

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

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

1 Comments

1. Jaspreet Singh Oberoi  Sep 15, 2021 16:23 I Like It. | Report Abuse Reply
Extended by 15 more days. Now closes on 29th Sept.