Nandani Creation Limited Rights Issue: What Investors Must Know?

Nandani Creation Limited is coming up with its rights issue. The bid opens on July 12, 2024 and closes on July 23, 2024. The last date to buy shares is Wednesday, July 3, 2024. The record date of this new issue is Thursday, July 4, 2024. The issue size is of 5,327,656 equity shares amounting to Rs 15.98 crores. The issue price is Rs 30 per share, and the face value is Rs 10 per share. This issue will allow existing shareholders to buy Nandani Creation equity shares at a discounted price. Nandani Creation' share price is Rs 48 per share. The eligible shareholders are being offered 100 Rights Equity shares for every 224 fully paid-up equity shares held on a July 4, 2024, record date. Through this rights issue, the company plans to raise Rs 15.98 crores. The registrar for the upcoming rights issue is Bigshare Services Private Limited. The lead manager for this issue is Srujan Alpha Capital Advisors LLP. 

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About Nandani Creation Limited

Nandani Creation Limited, founded in 2012, designs, manufactures, distributes, and markets Indian clothing for women through several brands. The famous brands are Jaipur Kurti, Amavia, Desi Fusion. Nandani Creations offers apparels in the categories of ethnic wear, fusion wear, bottom wear, loungewear and winter wear. Nandini  Creations offers its products through an India-wide multi-channel distribution network which includes its exclusive brand outlets, its own D2C website www.jaipurkurti.com and its presence on all major e-commerce platforms like Myntra, Ajio, Tata Cliq, Amazon, Flipkart etc. As on March 31, 2024, the company had 13 EBOs including 08 Company Owned and Company Operated stores and 05 Franchisee Owned and Franchise operated stores across 8 states in India. Nandani Creations manufacturing facility is located at Kartarpura Industrial Area, near 22 Godam, Jaipur, with an area of approximately 18,000 square feet and a team of more than 130 employees.

Objectives Nandani Creation Limited Rights Issue

The net proceeds from this rights issue will be utilized to pay the incremental day-to-day capital needs for the smooth functioning of the business. Additionally, investment in the company's subsidiary – Desi Fusion Private Limited, is required to fund working capital needs. General corporate purposes will also be fulfilled. 

Financials Details of Nandani Creation Limited  (Amt in Rs Crores)

Nandani Creation Limited posted a revenue of Rs 45.85 crore and net profit of Rs 0.55 crore for the period ending on 31 March 2024. The revenue figures decreased  by -7.54% and net profit increased by 397.27% between the FY ending on 31 March 2024 and 31 March 2023. 

Important Details for Nandani Creation Limited Rights Issue

Timetable of Nandani Creation Limited Rights Issue

How to Apply for Nandani Creation Limited Rights Issue?

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

How do you check the allotment status of the Nandani Creation Limited Rights issue?

Bigshare Services 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 Nandani Creation Limited Rights Issue?

The issue size is of 5,327,656 equity shares amounting to Rs 15.98 crores. The issue price is Rs 30 per share, and the face value is Rs 10 per share. This issue will allow existing shareholders to buy Nandani Creation equity shares at a discounted price.

2. When does the Rights Issue open and close?

The bid opens on July 12, 2024 and closes on July 23, 2024. The last date to buy shares is Wednesday, July 3, 2024. The record date of this new issue is Thursday, July 4, 2024.

3. How can I apply for the Nandani Creation 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 Nandani Creation Limited Issue?

Bigshare Services 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 Nandani Creation Limited Rights Issue?

The net proceeds from this rights issue will be utilized to pay the incremental day-to-day capital needs for smooth functioning of the business. Additionally, investment in the company's subsidiary – Desi Fusion Private Limited for funding working capital needs. 

6. What is the record date for the Nandani Creation Limited Rights Issue?

The record date, which determines the shareholders eligible for the Rights Issue, is set for July 4, 2024.

7. Where will the Nandani Creation 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 Nandani Creation Limited Right Issue? 

The entitlement ratio is set at 100 Rights equity Shares for every 224 fully paid up equity shares held on record date July 4, 2024. 

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