30-Apr-2024
2 mins read
Orient Tradelink Limited is coming with its rights issue in the coming week. The bid opens on May 13, 2024 and closes on May 24, 2024. The last date to buy shares is Thursday, May 2, 2024. The record date of this new issue is Friday, May 3, 2024. The issue size is of 12,265,000 equity shares amounting to Rs 12.27 crores. The issue price is set at Rs 10 per share, and the face value is at Rs 10 per share. This issue will give eligibility to the existing shareholders to buy Orient Tradelink equity shares at lower price. Presently, Orient Tradelink's share price is Rs 9.42 per share. The current market price is near to the issue price. The eligible shareholders are being offered one Rights Equity shares for every one fully paid up equity shares held on a May 3, 2024, record date. The payment terms are decided as the full amount of Rs 10 per share is payable on application. Through this rights issue, the company plans to raise Rs 12.27 crores. The registrar for this issue is Skyline Financial Services Private Limited. The lead managers for this issue are not yet announced.
About Orient Tradelink Limited
Orient Tradelink Company was founded in August 1994, it produces content that is compatible with 360-degree media platforms. The content takes various forms such as feature films, TV serials, animated movies, spiritual books, comic books, radio shows, digital content and more. Orient Tradelink Limited established OTT channels focused on collaborating with worldwide influencers and implementing affiliate marketing strategies to increase the visibility of the content created by the celebrities. The company has ventured into various series of Audio and Video production, developing and marketing of products. It is expected to earn a good turnover and profits out of business. The company has made extensive efforts in developing various products used in entertainment activities and media. Recently, Orient Tradelink started producing, Merchandise, CDs, DVDs and 42 other products.
Objectives of the Orient Tradelink Rights Issue
The funds raised through this rights issue will be used in fulfilling the working capital requirements of the company. The issue expenses will also be covered and remaining will be utilised in general corporate purposes.
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Financials Details of Orient Tradelink (Amt in Rs Crores)
Orient Tradelink posted a revenue of Rs 11.95 crore and net profit of Rs 11.95 crore for the year ending on 31 March 2023. The company’s revenue decreased by -4.67% and PAT rose by 47.98% between the FY ending on 31 March 2023 and 31 March 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 34.73 | 39.65 | 42.35 |
| Revenue | 11.95 | 12.54 | 10.72 |
| Profit After Tax | 0.87 | 0.59 | 0.72 |
Important Details for Orient Tradelink Rights Issue
| Issue Open | May 13, 2024 - May 24, 2024 |
| Security Name | Orient Tradelink Limited |
| Issue Size (Shares) | 12,265,000 |
| Issue Size (Amt) | Rs 12.27 Crores |
| Issue Price | Rs 10 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
| Terms of Payment | Not yet announced |
| Entitlement | 1 Rights Equity Share for every one fully paid-up Equity Shares held on May 3, 2024 |
Timetable of Orient Tradelink Rights Issue
| Last Date to buy shares | Thursday, May 2, 2024 |
| Record Date | Friday, May 3, 2024 |
| Credit of Rights Entitlements | Not yet announced |
| Bid/Offer Opens On | Monday, May 13, 2024 |
| Renunciation of Rights Entitlements | Tuesday, May 21, 2024 |
| Bid/Offer Closes On | Friday, May 24, 2024 |
| Deemed Date of Allotment | Not yet announced |
| Credit Date | Not yet announced |
| Listing Date | Not yet announced |
How to Apply for Orient Tradelink Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Orient Tradelink Limited Rights Issue with Bigul.
How do you check the allotment status of the Orient Tradelink Rights issue?
Skyline Financial Services Private Limited is the registrar for Orient Tradelink Limited Rights Issue. Investors can check the allotment status by clicking here.
FAQs
- What is the Orient Tradelink Limited Rights Issue?
The issue size is 12,265,000 equity shares, amounting to Rs 12.27 crores. The issue price is set at Rs 10 per share, and the face value is Rs 10 per share. The eligible shareholders are being offered one Rights Equity share for every fully paid-up equity share held on May 3, 2024.
- When does the Rights Issue open and close?
The bid opens on May 13, 2024 and closes on May 24, 2024. The last date to buy shares is Thursday, May 2, 2024. The record date of this new issue is Friday, May 3, 2024.
- How can I apply for the Orient Tradelink Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
- How can I check the allotment status of the Orient Tradelink Limited Issue?
The registrar for Orient Tradelink Limited Rights Issue is Skyline Financial Services Private Limited. Investors can check the allotment status by clicking here.
- What is the objective of Orient Tradelink Limited Rights Issue?
The funds raised through this rights issue will be used in fulfilling the working capital requirements of the company. The issue expenses will also be covered and remaining will be utilised in general corporate purposes.
- What is the record date for the Orient Tradelink Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for May 3, 2024.
- Where will the Orient Tradelink Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
- What is the entitlement ratio for the Orient Tradelink Limited Right Issue?
The entitlement ratio is set at one Rights equity Shares for every one fully paid-up equity shares held on record date May 3, 2024.
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