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Right Issue Status: Upcoming [24th May 2024 to 11th Jun 2024]
Franklin Industries Limited offers Right Issue size of Rs 38.83 Cr. The subscription for this Rights Issue is opening from 24 May 2024 to 11 June 2024. The company issues entitlement of 3 Rights equity shares for every fully paid-up 1 equity shares held on the record date of 13 May 2024. The face value of a share is Rs. 1 per share and the right issue price is fixed at Rs. 3.58 per share.
Stay connected with us to more about Franklin Industries Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
| Franklin Industries Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 10.85 Cr Shares |
| Right Issue Issue Size (Amount) | ₹38.83 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹3.58 per share |
| Right Issue Record Date | 13th May 2024 |
| Right Issue Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The Issue Price of Rs. 3.58/- per Equity Share shall be payable at the time of application. |
| Listing At | BSE |
| BSE Code | 540190 |
| NSE Code |
In this section we have covered all important dates related to Franklin Industries Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 24th May 2024 |
| Right Issue Issue Close Date | 11th Jun 2024 |
| Basis of Allotment Finalisation Date* | |
| Refunds Initiation* | |
| Credit of Shares to Demat Account* | |
| Right Issue Listing Date* |
* - Tentative Dates
Zerodha Trade@20
Franklin Industries Limited was founded on February 8, 1983. The company deals in agricultural commodities like wheat, rice, maize, vegetables like peppers, tomatoes etc., fruits like mango, watermelon, grapes and other agricultural products. The company is also engaged in contract manufacturing of agricultural products such as cucumbers, onions and castor beans.
The company buys the agricultural products from the growers against advance payment or in compliance with the agreed conditions and then sells them to its network of distributors. Thank you to its market presence, the company has built up close relationships with farmers, wholesalers and retailers.
For contract manufacturing, the company leases agricultural land and grows cucumbers, onions and castor beans to meet market demand. This gives the company control over the entire process and allows it to buy the agricultural produce at lower prices than on the market. Part of the yield is shared with the farmers who cultivate the leased land on a contractual basis, which benefits local agriculture. The company discontinued its jewellery business, i.e. trading in gold and silver jewellery, last year
Past performance and financial results of Franklin Industries .
Franklin Industries Ltd's revenue increased by 20.14% and profit after tax (PAT) rose by 2973.71% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9.82 | 11.33 | 6.34 |
| Revenue | 20.52 | 17.08 | 15.17 |
| Profit After Tax | 0.21 | 0.01 | 15.17 |
| Reserves and Surplus | 0.48 | 0.26 | 0.25 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Franklin Industries Right Issue Offer Document (Letter of Offer) >>Document
Franklin Industries Right Issue Offer Document (Letter of Offer) >>Franklin Industries Right Issue Red Herring Prospectus is not yet available.
Franklin Industries Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Franklin Industries Right Issue Online Application (Registrar & Transfer Agent) >>Franklin Industries Right Issue RTA information is not yet available.
Last Updated on 2024-05-19T05:32:45+00:00
