27-Mar-2024
2 mins read
Jyoti Structures Limited came up with the rights issue. The issue size of shares is 116,666,666, and the amount is Rs 175 Crores. Investors can apply for rights issues from March 28, 2024, till April 16, 2024. The issue price is decided at Rs 15 per share, and the face value is also Rs 2 per share. However, an investor who does not own shares of Jyoti Structures Limited can buy its shares till March 20, 2024, to be eligible for this rights issue. The registrar who will be managing this right issue is Bigshare Services Private Limited.
About Jyoti Structures Limited
Jyoti Structure Limited has been a leading player offering Engineering, Procurement and Construction (EPC) solutions in the field of Power Transmission & Distribution networks and HVDC Transmission Lines and 765 kV Substations. They have served global clientele from several countries in the last 4 decades. The company have three lines of operations viz. Transmission Line, Substations and Rural Distribution Networks. They provide services like Designing & Engineering, Transmission Tower manufacturing & testing, construction and project management. They operate in B2B segment, working for Government as well as Private Power Utilities (Transmission & Distribution) who are our customers in India as well as abroad.
Primary Objectives of Jyoti Structures Pvt Ltd right issue
The company proposed the net proceeds to be used in Repayment of the loan as per the Resolution Plan and to bear down the Meeting costs, expenses, charges and other payment commitments/obligations, including margin requirements associated with financing to be raised from banks and financial institutions for the operations of the company lastly for general corporate purposes however the amount utilized for General Corporate Purposes shall not exceed 25% of the Gross Proceeds.
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Financial Performance of Jyoti Structures Limited (Amt in Rs Crore)
Jyoti Structures Limited reported Rs 231.07 Cr of net revenue for the FY 22-23 which is rose by 4146.59% as compared to FY FY 21-22 which was reported 5.44 Cr whereas Profit after tax is reported (4.07) Cr for the FY 22-23 i.e., in loss but it is rose by 88.1% as compared to previous year.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 2,256.77 | 2,285.41 | 2,192.98 | 1,400.47 |
| Revenue | 270.01 | 231.07 | 5.44 | 0.15 |
| Profit After Tax | 13.7 | -4.07 | -34.21 | -1,767.14 |
| Net Worth | -28.96 | 22.62 | 151.88 | -11,369.98 |
| Reserves and Surplus | -223.36 | -188.98 | -65.34 | -11,461.38 |
| Total Borrowing | 1,859.41 | 1,803.30 | 1,691.00 | 4,806.09 |
Important Dates for Jyoti Structures Rights Issue
| Issue Open | March 28, 2024 - April 16, 2024 |
| Security Name | Jyoti Structures Ltd |
| Issue Size (Shares) | 116,666,666 |
| Issue Size (Amount) | Rs 175.00 Crores |
| Issue Price | Rs 15 per share |
| Face Value | Rs 2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Issue Price of Rs.15/- payable on Application |
| Entitlement | 6 Rights Equity Share(s) for every 37 fully paid-up Equity Shares held on Record Date |
Timetable of Jyoti Structures Rights Issue
| Last Date to buy shares | 20-Mar-24 |
| Record Date | 21-Mar-24 |
| Credit of Rights Entitlements | Yet to be announced |
| Bid/Offer Opens On | 28-Mar-24 |
| Renunciation of Rights Entitlements | 10-Mar-24 |
| Bid/Offer Closes On | 16-Apr-24 |
| Deemed Date of Allotment | Yet to be announced |
| Credit Date | Yet to be announced |
| Listing Date | Yet to be announced |
How do I apply for the Jyoti Structures Rights Issue?
You can apply for right issue on here, click here to apply for the Jyoti Structures Rights Issue with Bigul.
How do you check the allotment status of the Jyoti Structures Rights Issue?
The registrar for this right issue is Bigshare Services Private Limited. Investors can check the allotment status by clicking here.
FAQs
- What is the Jyoti Structures Rights Issue opening and closing date?
This Rights Issue will open for subscription on March 28, 2024 and closes on April 16, 2024.
- What is the record date for the Jyoti Structures Rights Issue?
The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue, is March 21, 2024.
- What is the last Date to buy Shares?
To get eligible for the rights issue of Jyoti Structures limited, an investor can buy its shares till March 20, 2024.
- What are the recent financial reports of Jyoti Structures Limited?
Jyoti Structures Limited reported Rs 231.07 Cr of net revenue for the FY 22-23 which is rose by 4146.59% as compared to FY FY 21-22 which was reported 5.44 Cr whereas Profit after tax is reported (4.07) Cr for the FY 22-23 i.e., in loss but it is rose by 88.1% as compared to previous year.
- How can I apply for the Jyoti Structures Rights Issue?
You can apply for right issue on here, click here to apply for the Jyoti Structures Rights Issue with Bigul.
- How can I check the allotment status of the Jyoti Structures Issue?
The registrar for this right issue is Bigshare Services Private Limited. Investors can check the allotment status by clicking here.
- Where will the Jyoti Structures Right Issue be listed?
The Rights Issue will be listing at National Stock Exchange(NSE) & Bombay Stock Exchange (BSE).
- What is the entitlement ratio for the Jyoti Structures Limited Right Issue?
The entitlement ratio is set at 6 Rights Equity Share(s) for every 37 fully paid-up Equity shares held on the Record date.
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