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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.
| Issue Open | November 1, 2021 - November 15, 2021 |
| Security Name | Texmaco Rail & Engineering Limited |
| Issue Size (Shares) | 71,526,643 |
| Issue Size (Amount) | ₹164.51 Crores |
| Issue Price | ₹23 per share |
| Face Value | ₹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. |
| Record Date | October 22, 2021 |
| Credit of Rights Entitlements | October 29, 2021 |
| Bid/Offer Opens On | November 1, 2021 |
| Renunciation of Rights Entitlements | November 8, 2021 |
| Bid/Offer Closes On | November 15, 2021 |
| Deemed Date of Allotment | November 23, 2021 |
| Credit Date | November 24, 2021 |
| Listing Date | November 25, 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) | |
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
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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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: texmaco.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
The Texmaco Rail & Engineering Rights Issue opens on November 1, 2021, and closes on November 15, 2021.
Texmaco Rail & Engineering Rights Issue Schedule
| Last Date for credit of Rights Entitlements | October 29, 2021 |
| Last Date for renunciation of Rights Entitlements | November 8, 2021 |
| Issue Opening Date | November 1, 2021 |
| Issue Closing Date | November 15, 2021 |
| Date of Allotment (on or about) | November 23, 2021 |
| Date of Credit (on or about) | November 24, 2021 |
| Date of Listing (on or about) | November 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. (October 22, 2021).
The record date for the Texmaco Rail & Engineering Rights Issue is October 22, 2021.
The issue size of Texmaco Rail & Engineering Rights Issue is of 71,526,643 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:
Steps to apply for Texmaco Rail & Engineering 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 Texmaco Rail & Engineering Rights Issue using Registrar's website (R-WAP)
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