The Akshar Spintex Rights Issue is scheduled to open on September 9, 2024, and will close on September 30, 2024. Importantly, the record date for this issue is August 23, 2024. The company plans to offer 487,480,500 equity shares at ₹1 per share, resulting in a total issue size of ₹48.75 Crores. Additionally, the entitlement ratio is set at 13:8, meaning shareholders will be entitled to purchase 13 rights shares for every 8 fully paid equity shares they hold on the record date.
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Akshar Spintex Limited Company Details
Incorporated in 2013, Akshar Spintex Limited specializes in manufacturing 100% cotton yarn, including combed, semi-combed, and carded varieties. The company’s registered office is located in Jamnagar, Gujarat. Additionally, its manufacturing facility spans 183,437 sq. ft. in Kalavad, Jamnagar District, strategically situated near Gujarat’s rich cotton-growing regions.
Furthermore, Akshar Spintex has installed a total of 24,480 spindles at its facility. Their technical team utilizes modern spinning technology and advanced processing techniques, ensuring the production of high-quality yarn. Consequently, the company is dedicated to producing superior products, thereby enhancing customer satisfaction and cultivating a positive brand image within the industry.
Rights Issue Overview
| Overview Points | Description |
|---|---|
| Security Name | Akshar Spintex Limited |
| Issue Open | September 9, 2024 |
| Issue Close | September 30, 2024 |
| Rights Issue Size | ₹48.75 Crores (487,480,500 Equity Shares) |
| Price Band | ₹1 Per Equity Share |
| Face Value | ₹1 Per Equity Share |
| Listing on | BSE, NSE |
| Entitlement Ratio | 13:8 (13 rights share for every 8 shares) |
| Letter of Offer | Click Here |
Key Dates
| Event | Date |
|---|---|
| Rights Issue Open | September 9, 2024 |
| Rights Issue Close | September 30, 2024 |
| Rights Record Date | August 23, 2024 |
| Last Date to Buy Shares | August 22, 2024 |
| Deemed Date of Allotment | N/A |
| Renunciation of Rights Entitlements | September 24, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|
| Assets | ₹76.44 | ₹92.88 |
| Revenue | ₹137.92 | ₹175.57 |
| Profit After Tax | ₹-2.76 | ₹7.02 |
| Reserves and Surplus | ₹15.64 | ₹18.23 |
Akshar Spintex Rights Issue Form & How to Apply
You can apply for Akshar Spintex Rights Issue in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Akshar Spintex Rights Issue Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: rightsissue@bigshareonline.com
Website: www.bigshareonline.com
Akshar Spintex Rights Issue Contact
Akshar Spintex LIMITED
Revenue Survey No. 102/2, Paiki, Plot No. 2
Village – Haripar, Ranuja Road, Tal – Kalavad
Jamnagar – 361 013
Phone: 98252 13622
Email: admin@aksharspintex.in
Website: www.aksharspintex.in
FAQs
The issue price is ₹1 per share.
Eligible shareholders are offered 13 equity shares for every 8 equity shares held on the record date.
The record date is August 23, 2024.
To apply for the Akshar Spintex Rights Offer, you can use Internet banking ASBA for the most convenient process. Alternatively, you may apply online through your stock broker using UPI. If you prefer, you can also complete a paper application form and submit it to your broker.
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