Lesha Industries Rights Issue: Things to Know

Lesha Industries Limited is coming up with its rights issue. The bid opens on July 22, 2024 and closes on July 27, 2024. The last Date to buy shares is Thursday, July 11, 2024. The record date of this new issue is Friday, July 12, 2024. The issue size is 176,000,000 equity shares amounting to Rs 49.28 crores. The issue price is Rs 2.8 per share, and the face value is Rs 1 per share. This issue will allow existing shareholders to buy Lesha Industries equity shares at a discounted price. Lesha Industries' share price is Rs 3.87 per share.  The eligible holders are being offered 8 Rights Equity shares for every five (5) fully paid-up equity shares held on a June 12, 2024, record date. Through this rights issue, the company plans to raise Rs 49.28 crores. Purva Sharegistry India Private Limited is the registrar for the upcoming rights issue. The lead managers for this issue are yet to be announced.  

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About Lesha Industries Limited 

Lesha Industries Limited, founded in 1992, operates in a chemical product business. The company trades in various types of organic and inorganic chemical compounds in solid, liquid, and gaseous forms. Lesha Industries also deal in organic heavy chemicals, acids, alkalies, tannin extracts, solvents, dyestuffs, dyes, intermediates, bulk drugs and their intermediates, color, chemical auxiliaries, biochemicals, and related preparations, articles, and products both within and outside India. Also, the company trades in liquid bromine, a reddish-brown liquid used in fire-retardant compounds and in the agro and pharma chemical industries. 

Objectives of Lesha Industries Rights Issue 

The net funds received from this issue will be used to fulfil the day-to-day capital requirements. Also, to repay the promoter loan by adjusting the same against their application money to the extent of their subscription and allotment of the Rights Equity Shares to them under the issue. Other objectives are fulfilling the general corporate purposes.  

Financials Details of Lesha Industries Limited  (Amt in Rs Crores) 

Lesha Industries Limited posted a revenue of Rs 6.91 crore and net profit of Rs 0.19  crore for the period ending on March 31 2023. The revenue figures decreased by -4.70% and net profit dropped by -51.46% between the FY ending on 31 Mar 2023 and 31 Mar 2022.  

Important Details for Lesha Industries Limited Rights Issue 

Timetable of Lesha Industries Limited Rights Issue 

How to Apply for Lesha Industries Limited Rights Issue? 

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

How do you check the allotment status of the Lesha Industries Limited Rights issue? 

Purva Sharegistry India Private 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 Lesha Industries Limited Rights Issue? 

The issue size is 176,000,000 equity shares amounting to Rs 49.28 crores. The issue price is Rs 2.8 per share, and the face value is Rs 1 per share. This issue will allow existing shareholders to buy Lesha Industries equity shares at a discounted price. 

2. When does the Rights Issue open and close? 

The bid opens on July 22, 2024 and closes on July 27, 2024. The last Date to buy shares is Thursday, July 11, 2024. The record date of this new issue is Friday, July 12, 2024.  

3. How can I apply for the Lesha Industries 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 Lesha Industries Limited Issue? 

Purva Sharegistry India Private 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 Lesha Industries Limited Rights Issue? 

The net funds received from this issue will be used to fulfil the day-to-day capital requirements. Also, to repay the promoter loan by adjusting the same against their application money to the extent of their subscription and allotment of the Rights Equity Shares to them under the issue. 

6. What is the record date for the Lesha Industries Limited Rights Issue? 

The record date determining the shareholders eligible for the Rights Issue, is set for July 12, 2024. 

7. Where will the Lesha Industries Limited Right Issue be listed? 

The Rights Issue will be listed on the Bombay Stock Exchange (BSE). 

8. What is the entitlement ratio for the Lesha Industries Limited Right Issue?  

The entitlement ratio is set at 8 Rights equity Shares for every 5 fully paid up equity shares held on record date July 12, 2024.  

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