₹164.51 Crores | Listing at BSE, NSE | Mon, Nov 1, 2021 - Mon, Nov 15, 2021
Texmaco Rail & Engineering Limited Rights Issue comprises 7.15 Cr equity shares aggregating to ₹164.51 Cr, offered at an issue price of ₹23 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Oct 22, 2021.
The term of payment is defined as following : The full amount is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 23, 2021.
The Rights Issue opens on Nov 1, 2021, and closes on Nov 15, 2021, with renunciation of Rights Entitlements permitted up to Nov 8, 2021.
The deemed date of allotment is Nov 23, 2021, following which the equity shares are expected to be credited to demat accounts on Nov 24, 2021 and listed at the NSE and the BSE on Nov 25, 2021.
ICICI Securities Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Texmaco Rail & Engineering Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Oct 22, 2021
Entitlement Ratio
:
Open Date
Mon, Nov 1, 2021
Close Date
Mon, Nov 15, 2021
| 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) | |
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.
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
[Dilip Davda] Based on its current financial parameters, the issue is fully priced. However, considering expansion plans by the Indian Railways, this company is poised for bright prospects ahead. Hence investors may consider investing in this RI with a long term perspective. Read detail review...
Texmaco Rail & Engineering Limited
Belgharia, Kolkata – 700 056,
West Bengal, India
The Texmaco Rail & Engineering Rights Issue opens on Mon, Nov 1, 2021, and closes on Mon, Nov 15, 2021.
Texmaco Rail & Engineering Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Oct 29, 2021 |
| Last Date for renunciation of Rights Entitlements | Mon, Nov 8, 2021 |
| Issue Opening Date | Mon, Nov 1, 2021 |
| Issue Closing Date | Mon, Nov 15, 2021 |
| Date of Allotment (on or about) | Tue, Nov 23, 2021 |
| Date of Credit (on or about) | Wed, Nov 24, 2021 |
| Date of Listing (on or about) | Thu, Nov 25, 2021 |
You can apply for Texmaco Rail & Engineering Rights Issue in two ways:
Steps to apply for Texmaco Rail & Engineering Rights Issue using Net Banking (ASBA)
Steps to apply for Texmaco Rail & Engineering Rights Issue using Registrar's website (R-WAP)
