₹2.94 Crores | Listing at NSE | Mon, Nov 4, 2024 - Mon, Nov 25, 2024
Ushanti Colour Chem Limited Rights Issue comprises 0.0535 Cr equity shares aggregating to ₹2.94 Cr, offered at an issue price of ₹55 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Oct 11, 2024, with the Rights Issue being offered in the entitlement ratio of 5 : 100.
The term of payment is defined as following : The full amount of the Issue Price (including the Premium) will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 2, 2024.
The Rights Issue opens on Nov 4, 2024, and closes on Nov 25, 2024, with renunciation of Rights Entitlements permitted up to Nov 18, 2024.
The deemed date of allotment is Dec 2, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 5, 2024 and listed at the NSE on Dec 11, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Ushanti Colour Chem Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Oct 11, 2024
Entitlement Ratio
5 : 100
Open Date
Mon, Nov 4, 2024
Close Date
Mon, Nov 25, 2024
The full amount of the Issue Price (including the Premium) will be payable on application.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 100.22 | 60.39 |
| Revenue | 47.21 | 48.13 |
| Profit After Tax | 0.98 | 1.16 |
| Reserves and Surplus | 36.31 | 21.15 |
| Amount in ₹ Crore | ||
Ushanti Colour Chem Limited was founded in 1993 and manufactures reactive and direct dyes, also known as Synthetic Organic Dyes.
The company also manufactures copper phthalocyanine and blue cued, which are among the most important raw materials for the production of colorants. The pigments and dyes produced by the company meet the raw material needs of the textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastics and paint industries.
The company has three production facilities in Vatva GIDC in Gujarat with a production capacity of approximately 2,520 tons per annum. The plants cover a total area of 2,739 square meters.
The Company proposes to utilize the Net Proceeds towards the following objectives:
[Dilip Davda] The company is engaged in the business of manufacturing and trading in various dyestuff. It posted list-less financial performance for the reported periods. Latest financial data is not available on any public domain as well as in offer document. The offer document also carries some mismatches. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
Ushanti Colour Chem Rights Issue 2024 got oversubscribed by 1.78 times by the end of the bidding period with total bid quantity received by NSE of 9,51,200 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Nov 25 2024 17:00:43 | 9,51,200 | 1.78x |
Ushanti Colour Chem Limited
88/8 GIDC,
Phase I, Vatva,
Ahmedabad - 382445
Ahmedabad, Gujarat, 382445
The Ushanti Colour Chem Rights Issue 2024 opens on Mon, Nov 4, 2024, and closes on Mon, Nov 25, 2024.
Ushanti Colour Chem Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Oct 31, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Nov 18, 2024 |
| Issue Opening Date | Mon, Nov 4, 2024 |
| Issue Closing Date | Mon, Nov 25, 2024 |
| Date of Allotment (on or about) | Mon, Dec 2, 2024 |
| Date of Credit (on or about) | Thu, Dec 5, 2024 |
| Date of Listing (on or about) | Wed, Dec 11, 2024 |
You can apply for Ushanti Colour Chem Rights Issue 2024 in two ways:
Steps to apply for Ushanti Colour Chem Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Ushanti Colour Chem Rights Issue 2024 using Registrar's website (R-WAP)
