₹12.49 Crores | Listing at BSE | Tue, Aug 31, 2021 - Tue, Sep 14, 2021
Texel Industries Limited Rights Issue comprises 0.3122 Cr equity shares aggregating to ₹12.49 Cr, offered at an issue price of ₹40 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Aug 17, 2021.
The term of payment is defined as following : 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.
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 21, 2021.
The Rights Issue opens on Aug 31, 2021, and closes on Sep 14, 2021, with renunciation of Rights Entitlements permitted up to Sep 8, 2021.
The deemed date of allotment is Sep 21, 2021, following which the equity shares are expected to be credited to demat accounts on Sep 22, 2021 and listed at the BSE on Sep 24, 2021.
Vivro Financial Services 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 Texel Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Aug 17, 2021
Entitlement Ratio
:
Open Date
Tue, Aug 31, 2021
Close Date
Tue, Sep 14, 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 | |
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
[Dilip Davda] The counter is well managed by operators as it is quoting well above the offer price to lure investors. It has posted an average performance for the last two fiscals. Considering 52 week’s low of Rs. 2.54, the issue appears a bit risky. Hence risk seekers/cash surplus investors may consider the investment. Read detail review...
Texel Industries Limited
Block No. 2106, Santej-Khatraj Road
Nr. Gayatri Farm House, Village - Santej
Taluka - Kalol (N.G), District - Gandhinagar- 3827
Gandhinagar, Gujarat
The Texel Industries Ltd Rights Issue opens on Tue, Aug 31, 2021, and closes on Tue, Sep 14, 2021.
Texel Industries Ltd Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Mon, Aug 30, 2021 |
| Last Date for renunciation of Rights Entitlements | Wed, Sep 8, 2021 |
| Issue Opening Date | Tue, Aug 31, 2021 |
| Issue Closing Date | Tue, Sep 14, 2021 |
| Date of Allotment (on or about) | Tue, Sep 21, 2021 |
| Date of Credit (on or about) | Wed, Sep 22, 2021 |
| Date of Listing (on or about) | Fri, Sep 24, 2021 |
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)
Steps to apply for Texel Industries Ltd Rights Issue using Registrar's website (R-WAP)
