Oriental Trimex Limited Rights Issue: Checkout the Detail

1. Oriental Trimex Rights Issue bid opens on September 19, 2024.
2. The Rights Issue size is Rs 48.51 crore.
3. The upcoming issue’s price is set at Rs 11 per share.
4. The bid offer closes on September 27, 2024.

Oriental Trimex Limited Rights Issue: Synopsis

Oriental Trimex Limited is coming up with its rights issue. The bid opens on September 19, 2024 and closes on September 27, 2024. The last Date to buy shares is on Wednesday, September 4, 2024. The record date of this new issue is Wednesday, September 5, 2024. The issue size is 44,104,359 equity shares amounting to Rs 48.51 crores. The issue price is Rs 11 per share, and the face value is Rs 10 per share.

This issue will allow existing shareholders to buy Oriental Trimex equity shares at a discounted price. Oriental Trimex' share price is Rs 15.96 per share. The eligible holders are being offered 3 Rights Equity shares for every two fully paid-up equity shares held on a September 5, 2024, record date. Through this rights issue, the company plans to raise Rs 48.51 crores. The register for this issue is Beetal Financial and Computer Services Private Limited and book-running lead managers are yet to be announced.

Also Read | Srivari Spices And Foods Rights Issue: Important Details to Check

Oriental Trimex Limited: About the company

Oriental Trimex Limited was founded in 1996, offers premium quality Italian and other marble to the Indian market. Oriental Trimex marble processing plants are located in Greater Noida near Delhi in the National Capital Region with an annual capacity of 25,200 MT. These plants are fully integrated processing units equipped with state-of-the-art machinery, namely, Gangsaws, automatic resin lines with robotic feed imported from SEI, Italy, one of the pioneers and leading manufacturers of machinery for the marble industry, automatic line polishers, and imported grinding machines.

The company imports semi-finished marble slabs from SEI, Italy, and Sri Lanka, apart from sourcing slabs and blocks from within the country. Oriental Trimex has its own sales and marketing outlets, including factories in Greater Noida. The company is the sole processor and supplier of imported marble in the whole of India.

Oriental Trimex Limited: Objectives

The net proceeds from this rights issue will be used to meet the company's day-to-day capital needs. The remaining funds will be allocated for the repayment of past loans, the setting up of additional machinery, and the development of the JET BLACK Granite quarry. The funds will also be used for capital expenditures for the construction of the showroom and warehouse.

Important Details for Oriental Trimex Limited Rights Issue

Timetable of Oriental Trimex Limited Rights Issue

Oriental Trimex Limited: Financial Metrics (Amt in Rs Crores)

Oriental Trimex Limited posted a revenue of Rs 5.49 crore and net loss of Rs -6.50 crore for the period ending on March 31 2024. The revenue figures decreased by -39% and net profit decreased by -51% between the FY ending on 31 Mar 2024 and 31 Mar 2023.

Lead managers, Registrar of Rights Issue

The details of the book-running lead managers and for this issue are yet to be announced. However, the registrar for this issue is Beetal Financial and Computer Services Private Limited. You can check the allotment status by visiting their website.

FAQs

1. What are the details of the Oriental Trimex Limited Rights Issue?

The issue size is 44,104,359 equity shares amounting to Rs 48.51 crores. The issue price is Rs 11 per share, and the face value is Rs 10 per share. This issue will allow existing shareholders to buy Oriental Trimex equity shares at a discounted price.

2. When does the Rights Issue open and close?

The bid opens on September 19, 2024 and closes on September 27, 2024. The last Date to buy shares is on Wednesday, September 4, 2024.

3. How can I apply for the Oriental Trimex Limited Rights Issue?

You can apply for the Rights Issue once it opens for a subscription. Just visit the Beetal Financial and Computer Services website to apply for the rights issue online.

4. How can I check the allotment status of the Oriental Trimex Limited Issue?

The registrar for this upcoming rights issue is Beetal Financial and Computer Services Private Limited. Investors can check out the allotment by visiting the registrar's website.

5. What is the objective of the Oriental Trimex Limited Rights Issue?

The net proceeds from this rights issue will be used to meet the company's day-to-day capital needs. The remaining funds will be allocated for the repayment of past loans, the setting up of additional machinery, and the development of the JET BLACK Granite quarry. The funds will also be used for capital expenditures for the construction of the showroom and warehouse.

6. What is the record date for the Oriental Trimex Limited Rights Issue?

The record date determining the shareholders eligible for the Rights Issue, is set for September 5, 2024.

7. Where will the Oriental Trimex Limited Right Issue be listed?

The Rights Issue will be listed on the BSE, NSE

8. What is the entitlement ratio for the Oriental Trimex Limited Right Issue?

The entitlement ratio is set at 3 Rights equity Shares for every 2 fully paid up equity shares held on record date September 5, 2024.

Also Read | Synergy Green Limited Rights Issue: Checkout the Detail