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Right Issue Status: Closed [30th Jan 2024 to 20th Feb 2024]
Shree Ajit Pulp and Paper Limited offers Right Issue size of Rs 35.00 Cr. The subscription for this Rights Issue is opening from 30 Jan to 20 Feb 2024. The company issues entitlement of 2 Rights equity shares for every fully paid-up 3 equity shares held on the record date of 18 Jan 2024. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 80 per share.
Stay connected with us to more about Shree Ajit Pulp and Paper Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
The company intend to utilise the gross proceeds raised through the Issue for the following objects:
| Shree Ajit Pulp and Paper Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 0.36 Cr Shares |
| Right Issue Issue Size (Amount) | ₹28.57 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹80 per share |
| Right Issue Record Date | 18th Jan 2024 |
| Right Issue Entitlement | 2 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Issue Price of Rs.80/- to be paid as Rs.48/- per share on Application and Rs.32/- per share on First and Final Call. |
| Listing At | BSE |
| BSE Code | 538795 |
| NSE Code |
In this section we have covered all important dates related to Shree Ajit Pulp and Paper 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 | 30th Jan 2024 |
| Right Issue Issue Close Date | 20th Feb 2024 |
| Basis of Allotment Finalisation Date* | 28th Feb 2024 |
| Refunds Initiation* | 16th Feb 2024 |
| Credit of Shares to Demat Account* | 4th Mar 2024 |
| Right Issue Listing Date* | 5th Mar 2024 |
* - Tentative Dates
Zerodha Trade@20
Shree Ajit Pulp and Paper Limited was established in 1995. The company specializes in manufacturing, marketing, and selling machine-glazed kraft paper testliner (single wire) and multi-ply testliner (triple wire). These products are made from recycled waste paper and have a wide range of 80-330 grammes per square metre (“GSM”) and a burst factor (“BF”) of 18-35 in (“Production Unit – I”). Additionally, "Production Unit - II" produces lightweight kraft paper with 40-120 GSM and high tensile strength. The company's products are used in various industries such as FMCG, textiles, automotive, e-commerce, pharmaceuticals, perishables, and other industrial and household packaging, paper bags, etc. The company sells its products both on the national and international markets.
Apart from paper production, the company is also involved in power generation through wind turbines. The wind turbines located in Rajkot and Dwarika have a total installed capacity of 1.50 and 1.25 megawatts (MW), respectively. These turbines are used for captive consumption, which helps to reduce electricity costs.
Past performance and financial results of Shree Ajit Pulp and Paper .
Shree Ajit Pulp and Paper Limited's revenue decreased by -11.19% and profit after tax (PAT) dropped by -4.27% 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 | 428.69 | 281.74 | 244.80 |
| Revenue | 372.29 | 419.21 | 267.19 |
| Profit After Tax | 20.70 | 21.62 | 24.00 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Shree Ajit Pulp and Paper Right Issue Offer Document (Letter of Offer) >>Document
Shree Ajit Pulp and Paper Right Issue Offer Document (Letter of Offer) >>Shree Ajit Pulp and Paper Right Issue Red Herring Prospectus is not yet available.
Shree Ajit Pulp and Paper Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Shree Ajit Pulp and Paper Right Issue Online Application (Registrar & Transfer Agent) >>Shree Ajit Pulp and Paper Right Issue RTA information is not yet available.
Last Updated on 2024-02-23T04:33:00+00:00
