18-Apr-2024
2 mins read
Yug Decor rights issue will open for subscription on Tuesday, May 7, 2024 and close on Tuesday, May 28, 2024. This issue will give eligibility to the existing shareholders to buy Yug Decor equity shares at discount price. The last date to purchase shares is Thursday, April 18, 2024. The record date of this new issue is Friday, April 19 , 2024. The issue size is of 3,596,423 equity shares amounting to Rs 3.60 crores. The issue price is set at Rs 10 per share, and the face value is at Rs 10 per share. Presently, Yug Decor's share price is Rs 75.07 per share. The eligible shareholders are being offered one Rights Equity shares for every two fully paid up equity shares held on a April 18, 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 3.60 crores. The lead managers and the registrar for this issue is not yet announced. The registrar of this issue is Satellite Corporate Services Private Limited.
About Yug Decor Limited Company Profile
Yug Decor was incorporated in June 2003, specialize in trading laminates and plywood. The brand name YUG-COL is used to manufacture different types of adhesives such as synthetic binders, synthetic rubber adhesives, synthetic resin adhesives, natural rubber adhesives and footwear adhesives. Yug Decor Limited's headquarters is located in Ahmedabad, Gujarat. The manufacturing facility is located in SANTEJ near Ahmedabad is equipped with Hi Tech process and quality control equipment. Yug Decor is an India-based company that exports their product worldwide. The company has clients in Bangladesh, Dubai, Saudi Arabia, Ethiopia, Iraq, Mozambique, Nepal, Sri Lanka, Tanzania and Yemen. Yug Decor Limited was listed as BSE SME in 2017; The company is managed by Chandresh Saraswat, who has vast experience of 34 years in the production and marketing of adhesives and plywood industry goods.
Objectives of the Yug Decor Rights Issue
The funds raised from the R.I will be used for fulfilling the incremental working capital requirements. Other than this the remaining funds will be used for meeting the general corporate purposes.
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Financial Details of Yug Decor Limited (Amt in Rs Crores)
Yug Decor Limited posted a revenue of Rs 14.00 crores and net profit of Rs 0.80 crore. The company’s revenue increased by 27.6% and PAT of Rs 1099.37% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 |
| Assets | - | 15.8 | 15.25 |
| Revenue | 14 | 31.27 | 24.5 |
| Profit After Tax | 0.8 | 1.14 | 0.1 |
| Net Worth | 8.24 | 7.44 | 6.3 |
Important Details for Yug Decor Rights Issue
| Issue Open | May 7, 2024 - May 28, 2024 |
| Security Name | Yug Decor Ltd |
| Issue Size (Shares) | 3,596,423 |
| Issue Size (Amt) | Rs 3.60 Crores |
| Issue Price | Rs 10 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price of Rs 10 per Rights Equity Share shall be payable at the time of application. |
| Entitlement | One Rights Equity Shares for every two fully paid-up Equity Shares held on April 19, 2024. |
Timetable of Yug Decor Rights Issue
| Last Date to buy shares | Thursday, April 18, 2024 |
| Record Date | Friday, April 19, 2024 |
| Credit of Rights Entitlements | Not announced |
| Offer Opens On | Tuesday, May 7, 2024 |
| Renunciation of Rights Entitlements | Not announced |
| Offer Closes On | Tuesday, May 28, 2024 |
| Deemed Date of Allotment | Not announced |
| Credit Date | Not announced |
| Listing Date | Not announced |
How to Apply for the Yug Decor Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Yug Decor Limited Rights Issue with Bigul.
How do you check the allotment status of the Yug Decor Rights issue?
The registrar for Yug Decor Limited Rights Issue has Satellite Corporate Services Private Limited. Investors check the allotment status of this issue by clicking here.
FAQs
1. What is the Yug Decor Limited Rights Issue?
Yug Decor Limited rights issue will give eligibility to the existing shareholders to buy Yug Decor equity shares at discount price. The last date to buy shares is Thursday, April 18, 2024. The record date of this new issue is Friday, April 19, 2024.
2. When does the Rights Issue open and close?
Yug Decor rights issue will open for subscription on Tuesday, May 7, 2024 and close on Tuesday, May 28, 2024. The issue price is set at Rs 10 per share, and the face value is at Rs 10 per share. Presently, Yug Decor's share price is Rs 75.07 per share.
3. How can I apply for the Yug Decor 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 Yug Decor Limited Issue?
The registrar for Yug Decor Limited Rights Issue has Satellite Corporate Services Private Limited. Investors can check the allotment status by clicking here.
5. What is the objective of Yug Decor Limited Rights Issue?
The funds raised from the R.I will be used for fulfilling the incremental working capital requirements. Other than this the remaining funds will be used for meeting the general corporate purposes.
6. What is the record date for the Yug Decor Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for April 19, 2024.
7. Where will the Yug Decor Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
8. What is the entitlement ratio for the Yug Decor Limited Right Issue?
The entitlement ratio is set at one Rights equity Shares for every two fully paid-up equity shares held on record date April 19, 2024.
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