Kshitij Polyline Limited Rights Issue: What Investors Must Know?

Kshitij Polyline Limited is coming up with its rights issue. The bid opens on June 25, 2024 and closes on July 9, 2024. The last Date to buy shares is Friday, June 14, 2024. The record date of this new issue is Tuesday, June 18, 2024. The issue size is of 40,521,875 equity shares amounting to Rs 25.93 crores. The issue price is Rs 6.4 per share, and the face value is Rs 2 per share. This issue will allow existing shareholders to buy Kshitij Polyline equity shares at a discounted price. Kshitij Polyline' share price is Rs 7.70 per share. The eligible shareholders are being offered 4 Rights Equity shares for every 5 fully paid-up equity shares held on a June 18, 2024, record date. Through this rights issue, the company plans to raise Rs 25.93 crores. The registrar for the upcoming rights issue is Kfin Technologies Limited. The lead managers for this issue are yet to be announced.

Also Read | Medicamen Organics IPO: Check out details before applying

About Kshitij Polyline Limited

Kshitij Polyline Limited, incorporated in 2008, is a manufacturer, supplier and exporter of stationery solutions and implementation for calendars, diaries, and books as a replacement of traditional material with new and innovative polyline material. Kshitij Polyline’s product range includes laminated & PP sheets, Wiro, files and folders. They launched over 125 products in the file, folder, and diary range under its brand in the Indian market. Kshitij Polyline also supplies custom-made ID cards with ribbons, as well as files and folders with client logos and information. They also provide display materials in education, pharmaceutical, FMCG, finance, and insurance and other sectors.  

Objectives of Kshitij Polyline Limited Rights Issue

The funds raised from the Kshitij Polyline Rights Issue will be used to meet the day-to-day capital needs for the smooth functioning of the company, fulfill general corporate purposes, and meet issue-related expenses. 

Financials Details of Kshitij Polyline Limited  (Amt in Rs Crores)

Kshitij Polyline Limited posted a revenue of Rs 34.08 crore and net profit of Rs 0.45 crore for the period ending on 31 March 2023. The revenue figures increased by 10.03% and net profit increased by 8.9% between the FY ending on 31 March 2023 and 31 March 2023.  

Important Details for Kshitij Polyline Limited Rights Issue

Timetable of Kshitij Polyline Limited Rights Issue

How to Apply for Kshitij Polyline Limited Rights Issue?

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

How do you check the allotment status of the Kshitij Polyline Limited Rights issue?

Kfin Technologies Limited is the registrar for this upcoming rights issue. Investors can check out the allotment by visiting the registrar's website. 

FAQs 

1. What are the details of the Kshitij Polyline Limited Rights Issue?

The issue size is of 40,521,875 equity shares amounting to Rs 25.93 crores. The issue price is Rs 6.4 per share, and the face value is Rs 2 per share. This issue will allow existing shareholders to buy Kshitij Polyline equity shares at a discounted price. 

2. When does the Rights Issue open and close?

The bid opens on June 25, 2024 and closes on July 9, 2024. The last Date to buy shares is Friday, June 14, 2024. The record date of this new issue is Tuesday, June 18, 2024. 

3. How can I apply for the Kshitij Polyline 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 Kshitij Polyline Limited Issue?

Kfin Technologies Limited is the registrar for this upcoming rights issue. Investors can check out the allotment by visiting the registrar's website. 

5. What is the objective of the Kshitij Polyline Limited Rights Issue?

The funds raised from the Kshitij Polyline Rights Issue will be used to meet the day-to-day capital needs for the smooth functioning of the company, fulfill general corporate purposes, and meet issue-related expenses. 

6. What is the record date for the Kshitij Polyline Limited Rights Issue?

The record date, which determines the shareholders eligible for the Rights Issue, is set for June 18, 2024.

7. Where will the Kshitij Polyline Limited Right Issue be listed?

The Rights Issue will be listed on the National Stock Exchange (NSE).

8. What is the entitlement ratio for the Kshitij Polyline Limited Right Issue? 

The entitlement ratio is set at 4 Rights equity Shares for every five fully paid up equity shares held on record date June 18, 2024.

Also Read | Bajaj Housing Finance to Raise Rs 7,000 Crore Through IPO