29-Jan-2024
2 mins read
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Nagreeka Exports Limited is coming up with its right issue which will open on Monday, February 12, 2024 and closes on Monday, February 19, 2024. However, the record date is set at Tuesday, January 30, 2024. The issue size is of 18,749,550 equity shares and price is set at Rs 20 per share and face value is at Rs 5 per share. The eligible shareholders are being offered 3 Rights Equity shares for every 2 fully paid up equity shares held on a record date. Through this issue the company is planning to raise Rs 37.50 crores.
About Nagreeka Exports Limited Profile
Nagreeka Exports Limited is engaged in the business of producing and exporting yarns, fabrics and textiles. The company’s production facility is located in Kolhapur, India with spinning units of over 150,000 spindles. Nagreeka Exports Limited product portfolio includes 100% cotton yarns combed, carded, open end, compact yarns. Moreover, the specialty yarns include organic yarns, slub yarns, regular and reverse twist yarns, core spun yarns etc. Fabrics and textiles includes raw, printed and finished fabrics based on cotton or cellulose.
Financial Performance of Nagreeka Exports Limited
Between the financial year ending with March 31, 2023 and March 31, 2022. Nagreeka Exports Limited’s revenue decreased by -29.29% and profit after tax dropped by -51.01%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 329.33 | 346.04 | 351.89 |
| Revenue | 390.79 | 552.65 | 385.32 |
| Profit After Tax | 3.03 | 6.19 | -8.32 |
| Net Worth | |||
| Reserves and Surplus | 103.91 | 100.88 | 94.68 |
| Amt in crores |
Important Dates for Nagreeka Exports Limited Rights Issue
| Issue Open | February 12, 2024 – February 23, 2024 |
| Security Name | Nagreeka Exports Limited |
| Issue Size (Shares) | 18,749,550 |
| Issue Size (Amount) | Rs 37.50 Crores |
| Issue Price | Rs 20 per share |
| Face Value | Rs 5 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price being Rs.20/- will be payable on application. |
| Entitlement | 3 Rights Equity Shares for every 2 fully paid-up Equity Shares held on Record Date |
Timetable of Nagreeka Exports Limited Rights Issue
| Last Date to buy shares | 29-Jan-24 |
| Record Date | 30-Jan-24 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 12-Feb-24 |
| Renunciation of Rights Entitlements | 19-Feb-24 |
| Bid/Offer Closes On | 23-Feb-24 |
| Deemed Date of Allotment | Not announced yet |
| Credit Date | Not announced yet |
| Listing Date | Not announced yet |
The Objectives of Nagreeka Exports Limited Rights Issue
The objective of this right issue is to raise capital for the business purposes. The issue is coming at a very low price (Rs 20 per share) as compared to current market price (Rs 77 per share.) The existing shareholders are getting priority to invest more and participate in the growth of the company.
How to Apply for Nagreeka Exports Limited Rights Issue?
Wait for the public issue to open for subscription, then click on this link to apply for the Nagreeka Exports Limited Rights Issue with Bigul https://www.bonanzaonline.com/
How to Check Allotment Status of Nagreeka Exports Limited Rights Issue?
The registrar for Nagreeka Exports Limited Rights Issue might be Karvy or Link Intime. However, the registrar is not yet finalized.
FAQs
- What is the Nagreeka Exports Limited Rights Issue?
Nagreeka Exports Limited is coming up with its right issue which will open on Monday, February 12, 2024 and closes on Monday, February 19, 2024. The issue size is of 18,749,550 equity shares and price is set at Rs 20 per share and face value is at Rs 5 per share. The record date is set at Tuesday, January 30, 2024.
- When does the Rights Issue open and close?
The Rights Issue opens for subscription on February 12, 2024 and closes on February 19, 2024.
- How can I apply for the Nagreeka Exports 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/.
- How can I check the allotment status of the Nagreeka Exports Limited Issue?
The registrar for this right issue is Karvy or Link Intime. You can check the allotment by visiting their website.
- What is the objective of Nagreeka Exports Limited Rights Issue?
The objective of this right issue is to raise capital for the business purposes. The issue is coming at a very low price (Rs 20 per share) as compared to current market price (Rs 77 per share). So, the issue might benefit its stakeholders in the long run.
- What is the record date for the Nagreeka Exports Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for January 30, 2024.
- Where will the Nagreeka Exports Limited Right Issue be listed?
The Rights Issue will be listed on the BSE as well as on NSE.
- What is the entitlement ratio for the Nagreeka Exports Limited Right Issue?
The entitlement ratio is set at 3 Rights Equity Shares for every 2 fully paid-up Equity Shares held on record date January 30, 2024.