Alan Scott Industries Limited Rights Issue: Things You Need to Know

The Rights Issue Committee of Alan Scott Industries Limited convened today, June 12, 2023, at the company’s registered office at 302, Kumar Plaza, Kalina Kurla Road, Santacruz East, Mumbai – 400029. The meeting started at 03:00 pm. and wrapped up at 04:00 pm. The board deliberated and gave the green light to the following specifics regarding the Rights Issue.
The issue involves 18,25,377 partially paid-up Equity Shares, each with a face value of Rs 10. The shares are being issued for Rs 30 per equity, including a premium of Rs 20 per share. This results in an aggregated amount of Rs 5,47,61,310. The partially paid-up shares are being offered to all eligible equity shareholders of the company on a rights basis.

Alan Scott Industries Product Portfolio

Established in 1994, Alan Scott has developed a reputation for its innovative manufacturing in the health and hygiene industry. They produce cost-effective multi-functional hygiene items utilizing cutting-edge technology. Two key products from their range include the 5 Petals Air Purifier+ and the Oxygen Concentrator. Among the company’s diverse clientele are notable organizations such as Larsen & Toubro, ThoughtBridge HR, Sun Capital, and Cubix.
In addition to its core business, Alan Scott has branched out into four additional sectors:

⦁ Alan Scott Retail Limited (ASRL): This company division excels in creating and managing retail outlets for renowned lifestyle and fashion consumer brands.

⦁ Alan Scott Automation and Robotics: This arm of the company provides bespoke solutions for end-of-line handling automation, serving various manufacturing and packaging operations across a spectrum of industries.

⦁ Alan Scott Nanoveu: An additional company facet is yet to be elaborated on.

⦁ Alan Scott Blockchain: This vertical is geared towards sports enthusiasts, offering a holistic, 360-degree approach to fan engagement.

Financial Performance of Alan Scott Industries (In Crore)

Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-22	5.57	1.91	0.06	3.09	0.13
31-Mar-23	10.39	5.42	-2.08	1.06	2.96

Important Dates for Alan Scott Industries Limited Rights Issue

Issue Open	Jun 29, 2023 – Jul 13, 2023
Security Name	Alan Scott Industriess Limited
Issue Size (Shares)	1,825,377
Issue Size (Amount)	Rs 5.48 Crores
Issue Price	Rs 30 per share
Face Value	Rs 10 per share
Listing At	BSE
Entitlement	1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Timetable of Alan Scott Industries Limited Rights Issue

Last Date to buy shares	June 15, 2023
Record Date	June 16, 2023
Credit of Rights Entitlements	June 22, 2023
Bid/Offer Opens On	June 29, 2023
Renunciation of Rights Entitlements	July 7, 2023
Bid/Offer Closes On	July 13, 2023
Deemed Date of Allotment	July 20, 2023
Credit Date	July 24, 2023
Listing Date	July 31, 2023

The Objectives of Alan Scott Industries Limited Rights Issue

The firm aims to use the net funds raised from this particular venture in several ways. These include the partial or complete settlement of certain existing debts, allocating capital towards increasing their stake in a subsidiary known as Alan Scott Retail Limited, directing investment for the procurement of an increased equity position in another subsidiary, namely Alan Scott Nanoveu India Limited, and finally, for fulfilling various corporate needs and objectives.

How to Apply for Alan Scott Industries Limited Rights Issue

Wait for the public issue to open for subscription, then click on this link to apply for the Alan Scott Industries Limited Rights Issue with Bigul https://www.bonanzaonline.com/.

How to Check Allotment Status of Alan Scott Industries Limited Rights Issue

The registrar for Alan Scott Industries Limited Rights Issue is Purva Sharegistry India Pvt. Ltd. To check your allotment status; please click on this link http://www.purvashare.com

FAQs

⦁  What is the Alan Scott Industries Limited Rights Issue? 
The Rights Issue refers to the offering of new shares by Alan Scott Industries Limited to its current shareholders. The company plans to issue 1,825,377 partially paid-up equity shares, each with a face value of Rs 10 and for Rs 30 per share.

1. When does the Rights Issue open and close?
The Rights Issue opens for subscription on June 29, 2023, and closes on July 13, 2023.

2. How can I apply for the Alan Scott Industries Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just visit this link to apply with Bigul: https://www.bonanzaonline.com/.

3. How can I check the allotment status of the Alan Scott Industries Limited Rights Issue? 
Purva Sharegistry India Pvt. Ltd. is the registrar for the Rights Issue. You can check your allotment status by visiting this link: http://www.purvashare.com.

4. What is the objective of Alan Scott Industries Limited u Rights Issue?
The company aims to use the funds for several purposes, including repaying or prepaying specific borrowings, investing in acquiring additional equity shares of its subsidiaries (Alan Scott Retail Limited and Alan Scott Nanoveu India Limited), and general corporate objectives.

5. What is the record date for the Alan Scott Industries Limited Rights Issue? 
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for June 16, 2023.

6. Where will the Alan Scott Industries Limited Rights Issue be listed? 
The Rights Issue will be listed on the BSE (Bombay Stock Exchange).

ASRL7. What is the entitlement ratio for the Alan Scott Industries Limited Rights Issue? 
The entitlement ratio is set at 1 Rights Equity Share for every 1 fully paid-up Equity Shares held on the record date.