Integra Essentia Limited Rights Issue: All You Need To Know

Integra Essentia Limited is coming up with its rights issue this coming week. The bid opens on June 11, 2024 and closes on June 25, 2024. The last date to buy shares is Friday, May 31, 2024. The record date of this new issue is Saturday, June 1, 2024. The issue size is of 153,624,538 equity shares amounting to Rs 49.93 crores. The issue price is Rs 3.25 per share, and the face value is Rs 1 per share. This issue will allow existing shareholders to buy Integra Essentia equity shares at a discounted price. Integra Essentia's share price is Rs 3.80 per share. The eligible shareholders are being offered 20 Rights Equity shares for every 119 fully paid-up equity shares held on a June 1, 2024, record date. The payment terms are not yet declared. Through this rights issue, the Company plans to raise Rs 49.93 crores. The registrar for this issue is Skyline Financial Services Private Limited. The lead manager for this issue is Fast Track Finsec Private Limited.  

Also Read | Nakoda Group of Industries Rights Issue: Key Points to Consider

About Integra Essentia Limited 

Integra Essentia Limited, established in 2007, operates in the essential goods sector, which includes food, apparel, infrastructure, and energy. Previously, the Company was named as Integra Garments and Textiles Limited. The Company deals in agriculture, textile, clothing, infrastructure, energy, and other ancillary products and services required for modern life. Integra Essentia Limited has acquired a Chateau Indage winery, further strengthening its consumer goods supply chain presence.To serve the society, nation, and global requirements by exploring and utilizing their available resources and deliverables at minimum cost to end users, the Company is committing significant investments in Food Essentials and remains focused on establishing itself as the leading player in the foods industry. Besides food essentials and other businesses, the Company is presently emphasizing the supply of bulk and speciality materials and services for the nation's infrastructure needs. 

Objectives of Integra Essentia Limited Rights Issue 

The primary objective of this issue is to raise funds from the existing shareholders. The funds will be used to meet the company's working capital requirements. Additionally, the general corporate purposes will be fulfilled.  

Financials Details of Integra Essentia Limited  (Amt in Rs Crores) 

Integra Essentia Limited posted a revenue of Rs 194.97 crore and net profit of Rs 9.49 crore for the period ending on 31 December 2023. The revenue increased by 257.83% and PAT rose by 512.59% between the financial year 31 March 2023 and 31 March 2022. 

Important Details for Integra Essentia Limited Rights Issue 

Timetable of Integra Essentia Limited Rights Issue 

How to Apply for Integra Essentia Limited Rights Issue? 

Wait for the public issue to open for subscription, then click here to apply for the Integra Essentia Limited Rights Issue with Bigul. 

How do you check the allotment status of the Integra Essentia Limited Rights issue? 

The registrar for this upcoming rights issue is Skyline Financial Services Private Limited. Investors can check the allotment by visiting here. 

FAQs 

1. What are the details of Integra Essentia Limited Rights Issue? 

The issue size is of 153,624,538 equity shares amounting to Rs 49.93 crores. The issue price is Rs 3.25 per share, and the face value is Rs 1 per share. This issue will allow existing shareholders to buy Integra Essentia equity shares at a discounted price.  

2. When does the Rights Issue open and close? 

The bid opens on June 11, 2024 and closes on June 25, 2024. The last date to buy shares is Friday, May 31, 2024. The record date of this new issue is Saturday, June 1, 2024.  

3. How can I apply for the Integra Essentia Limited Rights Issue? 

You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul. 

4. How can I check the allotment status of the Integra Essentia Limited Issue? 

The registrar for this upcoming rights issue is Skyline Financial Services Private Limited. 

Investors can check the allotment by visiting here. 

5. What is the objective of Integra Essentia Limited Rights Issue? 

The primary objective of this issue is to raise funds from the existing shareholders. The funds will be used to meet the working capital requirements of the company. Additionally, the general corporate purposes will be fulfilled.  

6. What is the record date for the Integra Essentia Limited Rights Issue? 

The record date, which determines the shareholders eligible for the Rights Issue, is set for June 1, 2024. 

7. Where will the Integra Essentia Limited Right Issue be listed? 

The Rights Issue will be listed on the BSE,NSE. 

8. What is the entitlement ratio for the Integra Essentia Limited Right Issue?  

The entitlement ratio is set at 20 Rights equity Shares for every 119 fully paid-up equity shares held on record date June 1, 2024.  

Also Read | Kronox Lab Sciences IPO: Things to Consider Before Applying