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Texmaco Rail & Engineering Limited Rights Issue (Texmaco Rail & Engineering Rights Issue) Detail

Nov 1, 2021 - Nov 15, 2021
Texmaco Rail & Engineering Limited Logo

Incorporated on April 1, 2010, Texmaco Rail & Engineering Limited is one of the few private sector companies engaged in signaling, rail telecommunication, and track constructions. The company is a leading player in the field of ballast less tracks for metro rail EPC. Major business divisons of the company are: (i) the heavy engineering division comprising of the manufacture and supply of wagons, hydro-mechanical equipment, and bridges and steel structures; (ii) the steel foundry division, and (iii) rail engineering procurement construction (EPC) division. It also executes EPC contracts for the execution of railway track, signaling and telecommunication projects on a turnkey basis.

Texmaco Rail & Engineering is a part of Adventz Group of companies, which is engaged in various sectors such as agribusiness, engineering, infrastructure, real estate, consumer durables, and services. Presently, the company has six manufacturing facilities located at Agarpara, Belgharia, Sodepur, and Panihati in West Bengal and Urla located in Chhattisgarh.

The company also has expanded internationally and has exported wagons and rolling stock to various countries. It is also one of the largest suppliers of steel castings in India, with an annual production capacity of 42,000 metric tonnes of steel castings. The company has expanded its business by entering into strategic collaborations with various multi-national companies having diverse experience in the rail industry.

Texmaco Rail & Engineering Rights Issue Detail

Issue Open Nov 1, 2021 - Nov 15, 2021
Security Name Texmaco Rail & Engineering Limited
Issue Size (Shares) 7.15 Crores
Issue Size (Amount) ₹164.51 Crores
Issue Price ₹23 per share
Face Value ₹1 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE, NSE
Terms of Payment The full amount is payable on Application.
Entitlement 2 Rights Equity Share for every 7 Equity Shares held on the Record Date.

Texmaco Rail & Engineering Rights Issue Issue Timetable

Bid/Offer Opens On Nov 1, 2021
Bid/Offer Closes On Nov 15, 2021
Record Date Oct 22, 2021
Deemed Date of Allotment Nov 23, 2021
Renunciation of Rights Entitlements Nov 8, 2021

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
31-Mar-21 31-Mar-20
Total Assets 26,415.79 28,865.59
Total Income 17,205.13 18,590.56
Profit After Tax 118.66 (658.40)

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects:
1. Repayment or prepayment of Inter Corporate Deposit (ICD) and unsecured loans.
2. Funding working capital requirements of our Company; and
3. General corporate purposes

Texmaco Rail & Engineering Rights Issue Documents

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Texmaco Rail & Engineering Rights Issue Reviews

Company Contact Information

Texmaco Rail & Engineering Limited
Belgharia, Kolkata – 700 056,
West Bengal, India


Phone: +91-33-25691500
Email: ravi.varma@texmaco.in
Website: https://www.texmaco.in/webfiles/index.html

Texmaco Rail & Engineering Rights Issue Registrar

  1. KFintech Private Limited
    Phone: 04067162222, 04079611000
    Email: texmaco.rights@kfintech.com
    Website: https://karisma.kfintech.com/

Texmaco Rail & Engineering Rights Issue Lead Manager(s)

Texmaco Rail & Engineering Rights Issue FAQs

The Texmaco Rail & Engineering Rights Issue opens on Nov 1, 2021, and closes on Nov 15, 2021.

Texmaco Rail & Engineering Rights Issue Schedule

Last Date for credit of Rights EntitlementsOct 29, 2021
Last Date for renunciation of Rights EntitlementsNov 8, 2021
Issue Opening DateNov 1, 2021
Issue Closing DateNov 15, 2021
Date of Allotment (on or about)Nov 23, 2021
Date of Credit (on or about)Nov 24, 2021
Date of Listing (on or about)Nov 25, 2021

Texmaco Rail & Engineering Rights Issue price is set at ₹23 per share per equity share.

The eligible shareholders are being offered 2 Rights Equity Share for every 7 Equity Shares held on the Record Date. (Oct 22, 2021).

The record date for the Texmaco Rail & Engineering Rights Issue is Oct 22, 2021.

The issue size of Texmaco Rail & Engineering Rights Issue is of 7.15 Crores equity shares at ₹23 per share aggregating upto ₹164.51 Crores.

The Letter of Offer for Texmaco Rail & Engineering Rights Issue can be download here.

You can apply for Texmaco Rail & Engineering Rights Issue in two ways:

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

Steps to apply for Texmaco Rail & Engineering 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 Texmaco Rail & Engineering Rights Issue available on the list.
  4. Click the Apply button next to the Texmaco Rail & Engineering 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 Texmaco Rail & Engineering Rights Issue using Registrar's website (R-WAP)

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

8 Comments

8. Anil Puri  Nov 30, 2021 9:23:27 AM I Like It. | Report Abuse Reply
I purchased 1496 right issue against my share right for Rs 23/ . When it will reflect in D P account
7. Anil Puri  Nov 30, 2021 9:19:20 AM I Like It. | Report Abuse Reply
I purchased 1496 right issue for Rs 23/ . When it will reflect in D P account
6. Bimal Kumar Baranwal  Nov 28, 2021 7:24:54 PM I Like It. | Report Abuse Reply
Sir, I have taken 200 shares of this ipo. But, still I don't understand whether it has alloted Or not
5. Fareed  Nov 20, 2021 9:08:53 PM I Like It. | Report Abuse Reply
I bought 400+ trial shares from my broker app for an average of Rs 5.94. Do I have to pay extra to reshare the trial?
4. SUMIT  Nov 16, 2021 8:01:04 PM I Like It. | Report Abuse Reply
CAN I APPLY FOR RIGHT ISSUE IF I AM NOT HOLDING ANY SHARES
3. Anant Mundhra  Nov 14, 2021 2:18:52 PM I Like It. | Report Abuse Reply
Issue closure date has been extended. Pls check below link and do the necessary updates.

https://www.bseindia.com/xml-data/corpfiling/AttachHis/9cff5964-4f8b-48d1-a6ca-4a6ccb52fcde.pdf
2. ashishn  Nov 10, 2021 4:11:15 PM I Like It. | Report Abuse Reply
I had 250 shares of texmaco rail,now I got another 71 shares credited in my demat account,now the price in front of 71 shares is 710₹,but I haven't paid anything till now,plz explain me how come I got this shares?
1. D agrawal  Oct 29, 2021 12:04:26 PM I Like It. | Report Abuse Reply
BSE scrip code of Right entitelment
1.1. GAURAV MANGAL  Nov 2, 2021 12:23:25 PM I Like It. | Report Abuse
ISIN: INE621L20012
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