₹3.60 Crores | Listing at BSE | Tue, May 7, 2024 - Tue, May 28, 2024
Yug Decor Ltd Rights Issue comprises 0.3596 Cr equity shares aggregating to ₹3.60 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Apr 19, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : The Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jun 6, 2024.
The Rights Issue opens on May 7, 2024, and closes on May 28, 2024, with renunciation of Rights Entitlements permitted up to May 15, 2024.
The deemed date of allotment is Jun 6, 2024, following which the equity shares are expected to be credited to demat accounts on Jun 11, 2024 and listed at the BSE on Jun 13, 2024.
Satellite Corporate Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Yug Decor Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Apr 19, 2024
Entitlement Ratio
1 : 2
Open Date
Tue, May 7, 2024
Close Date
Tue, May 28, 2024
The Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of application.
Yug Decor Ltd's revenue increased by 27.6% and profit after tax (PAT) rose by 1099.37% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 15.80 | 15.25 | |
| Revenue | 14.00 | 31.27 | 24.50 |
| Profit After Tax | 0.80 | 1.14 | 0.10 |
| Net Worth | 8.24 | 7.44 | 6.30 |
| Amount in ₹ Crore | |||
Founded in June 2003, YUG Decior Limited specializes in trading laminates and plywood. The brand name YUG-COL is used to manufacture different types of adhesives, such as synthetic binders, synthetic rubber adhesives, synthetic resin adhesives, natural rubber adhesives, and footwear adhesives.
The company has two manufacturing units situated in Gandhinagar Gujarat.
As of January 31, 2024, Yug Decor Limited has 91 employees working at its manufacturing facility and registered office. These employees are responsible for managing business operations, factory management, administration, secretarial work, legal compliance, marketing, and accounting functions, as per their designated goals and responsibilities.
The Company proposes to utilize the Net Proceeds to:
[Dilip Davda] The company that was primarily in trading business has now ventured into adhesives manufacturing business. It has posted an average financial performance. The company is operating in a highly competitive and fragmented segment. However, after making maiden IPO at Rs. 26, it is offering RI at par value as a mini-bonus. Since going ex-rights, the counter has marked declining trends. Investors may park funds for the medium to long term rewards. Read detail review...
Yug Decor Rights Issue 2024 got oversubscribed by 2.32 times by the end of the bidding period with total bid quantity received by BSE of 83,38,650 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 28 2024 17:00:00 | 83,38,650 | 2.32x |
Yug Decor Ltd
709-714, Sakar- V, B/H Natraj Cinema
Ashram Road
Ahmedabad- 380009
Ahmedabad, Gujarat, 380009
Satellite Corporate Services Pvt.Ltd.
The Yug Decor Rights Issue 2024 opens on Tue, May 7, 2024, and closes on Tue, May 28, 2024.
Yug Decor Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, May 6, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, May 15, 2024 |
| Issue Opening Date | Tue, May 7, 2024 |
| Issue Closing Date | Tue, May 28, 2024 |
| Date of Allotment (on or about) | Thu, Jun 6, 2024 |
| Date of Credit (on or about) | Tue, Jun 11, 2024 |
| Date of Listing (on or about) | Thu, Jun 13, 2024 |
You can apply for Yug Decor Rights Issue 2024 in two ways:
Steps to apply for Yug Decor Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Yug Decor Rights Issue 2024 using Registrar's website (R-WAP)
