Right Issue Status: Closed [9th Dec 2022 to 15th Dec 2022]
Rungta Irrigation Limited's right issue of issue size Rs 12.15 Cr is opening from 09 Dec to 15 Dec 2022.. The company will issue 1.25 right equity shares for every 1 fully paid-up equity share held on the record date, 11 Nov 2022. The face value per share is Rs 10 and the right issue price is fixed at Rs 11 per share. The amount of Rs. 3 per share needs to be paid on Application Rs. 4 on On First Call and Rs. 4 Second Call. Stay updated with us to know more about Rungta Irrigation Ltd's Right issue details 2022 including issue size, right issue entitlement, terms of payment, and more.
The objects of the Issue are:
A. Repayment of loan.
B. Working Capital Requirements.
C. General corporate purposes.
|Rungta Irrigation Issue Details||Values|
|Right Issue Issue Size (Shares)||1.11 Cr Shares|
|Right Issue Issue Size (Amount)||₹12.18 Cr|
|Face Value||₹10 Per Equity Share|
|Right Issue - Issue Price||₹11 per share|
|Right Issue Record Date||11th Nov 2022|
|Right Issue Entitlement||1.25 Equity Shares for every 1 Equity Shares held on the Record Date|
|Right Issue Terms of payment||
The amount of Rs. 3 per share has to be paid at the time of Application, Rs. 4 on On First Call and Rs. 4 Second Call.
In this section we have covered all important dates related to Rungta Irrigation 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||9th Dec 2022|
|Right Issue Issue Close Date||15th Dec 2022|
|Basis of Allotment Finalisation Date*||20th Dec 2022|
|Refunds Initiation*||12th Dec 2022|
|Credit of Shares to Demat Account*||22nd Dec 2022|
|Right Issue Listing Date*||23rd Dec 2022|
* - Tentative Dates
Rungta Irrigation is primarily engaged in the activity of Manufacturing, Designing, Assembling, and Marketing of Sprinkler Irrigation systems. The product range of the company includes Sprinklers, Drip Irrigation systems. The company offers the world’s best and most up-to-date technologies. It has three decades of standing in the Irrigation industry with a tremendous amount of goodwill built over these years. It has three production units at Ghaziabad, Yanam, and Jamshedpur.
The company has installed a capacity of 7,000 MTPA HDPE Pipes, 15,000 MTPA rigid PVC Pipes and Profiles, 3,000 MTPA linear low-density polyethylene tubes, and 3,50,000 aluminum pipes with couplers. It has already reached a turnover of Rs.2500 million and has established itself as a fast-growing group with a presence all over the country.
Past performance and financial results of Rungta Irrigation.
|Period Ended||Total Assets||Total Revenue||Profit After Tax||Net Worth||Reserves and Surplus||Total Borrowing|
|Amount in ₹ Crore|
The table below is live update of Right Issue bidding details from NSE and BSE.
Rungta Irrigation Right Issue Offer Document (Letter of Offer) >>Document
Rungta Irrigation Right Issue Offer Document (Letter of Offer) >>Rungta Irrigation Right Issue Red Herring Prospectus is not yet available.
Rungta Irrigation Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Rungta Irrigation Right Issue Online Application (Registrar & Transfer Agent) >>Rungta Irrigation Right Issue RTA information is not yet available.
Last Updated on 2023-02-14T23:30:57+00:00