15-Jul-2023
2 mins read
In their recent meeting, the Board of Directors of Jaykay Enterprises Limited came to a resolution to raise funds through a Rights Issue of Equity Shares. The capital infusion would be directed towards the company’s existing equity shareholders on a to-be-announced record date and capped at Rs 150 crore in compliance with the prevailing laws.
The Board has proposed the issuance of up to 5,84,57,688 Equity Shares at a per-share price of Rs 25. Each eligible equity shareholder would be entitled to purchase one new share for each share they already hold, based on the stated Rights Entitlement Ratio.
Additionally, the company has engaged M/s Corporate Professionals Capital Private Ltd, a Category I Merchant Banker registered with SEBI, as the Lead Manager to guide the fund-raising process. To ensure effective management of the fund-raise, the Board has also put a dedicated ‘Rights Issue Committee to finalize the terms and conditions related to the rights issue.
The most recent BSE market data shows that shares of Jaykay Enterprises Limited were traded at Rs 73.98, compared to the preceding closing price of Rs 68.07. On that trading day, 390937 shares changed hands across 1502 transactions, resulting in a net turnover of Rs 27956142.00. The company’s shares reached a daily high of Rs 74.40 and a low of Rs 67.40.
Jaykay Enterprises Product Portfolio
Established in 1961, Jaykay Enterprises Limited has made a significant mark in the industry through its manufacturing of Nylon-6, Acrylic fibres, and DMT Monomer. Over the many decades of its operations, the company has built a robust and respected presence in the marketplace.
The company reached a significant milestone in 1962 when it became the first Indian company to produce Nylon-6 using its own polymerized raw materials.
In 1969, Jaykay Enterprises further expanded its manufacturing portfolio by initiating the production of acrylic fibres in Kota. This move was among the many strategic steps taken by the company, contributing to its progressive expansion and heightened market presence.
Financial Performance of Jaykay Enterprises Limited (In Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
| 31-Mar-21 | 102.84 | 21.6 | 26.02 |
| 31-Mar-22 | 131.96 | 14.83 | 17.58 |
Important Dates for Jaykay Enterprises Limited Rights Issue
| Issue Open | Yet to be announced |
| Security Name | Jaykay Enterprises Limited |
| Issue Size (Shares) | 58,457,688 |
| Issue Size (Amount) | Rs 146.14 Crores |
| Issue Price | Rs 25 per share |
| Face Value | Rs 1 per share |
| Listing At | BSE |
| Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Lead Managers for Jaykay Enterprises Limited Rights Issue
The lead manager for Jaykay Enterprises Limited Rights Issue is M/s Corporate Professionals Capital Private Ltd.
How to Apply for Jaykay Enterprises Limited Rights Issue
Wait for the public issue to open for subscription, then click on this link to apply for the Jaykay Enterprises Limited Rights Issue with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status of Jaykay Enterprises Limited Rights Issue
The registrar for Jaykay Enterprises Limited Rights Issue is yet to be announced.
FAQs
- What is the upcoming Rights Issue by Jaykay Enterprises Limited?
Jaykay Enterprises Limited has decided to raise funds by offering a Rights Issue of Equity Shares. The aim is to infuse capital up to Rs 150 crores from the company’s existing equity shareholders.
- How many Equity Shares will be issued, and at what price?
The Board of Jaykay Enterprises Limited has proposed issuing up to 5,84,57,688 Equity Shares. The price per share has been set at Rs 25.
- What is the Rights Entitlement Ratio for the issue?
The Rights Entitlement Ratio is set at 1:1, meaning that each eligible equity shareholder would be entitled to purchase one new share for every share they already hold.
- Who are the lead managers for the Rights Issue?
The lead manager for the Rights Issue is M/s Corporate Professionals Capital Private Ltd, a Category I Merchant Banker registered with SEBI.
- What is the financial performance of Jaykay Enterprises Limited?
The total assets, total revenue, and profit after tax for the year ended 31-Mar-22 were Rs 131.96 crores, Rs 14.83 crores, and Rs 17.58 crores, respectively.
- What are the important dates related to the Rights Issue?
The issue opening date has not been announced yet. Other details include the Security Name: Jaykay Enterprises Limited, Issue Size (Shares): 58,457,688, Issue Size (Amount): Rs 146.14 Crores, Issue Price: Rs 25 per share, Face Value: Rs 1 per share, and Listing At: BSE.
- How can I apply for Jaykay Enterprises Limited Rights Issue?
Once the public issue opens for subscription, you can apply for the Jaykay Enterprises Limited Rights Issue via this link: https://www.bonanzaonline.com/.
- How can I check the allotment status of Jaykay Enterprises Limited Rights Issue?
The registrar for the Rights Issue is yet to be announced. Please stay updated for the latest information.