Right Issue Status: Closed [4th Mar 2021 to 18th Mar 2021]
Arvind Fashion, India's leading apparel brand is coming up with the right issue of 14802856 shares at Rs. 135 per share, Rs. 70 is payable on application, and remainder Rs. 65 on the first & final call. The company will issue 3 right issues for every 20 fully paid-up shares held on or before the record date, 24 Feb 2021. The right issue will open on 4 March and closes on 18 March 2021. Scroll the page to know more about Arvind Fashions Right Issue including business overview, financials, strengths, risks, tentative timeline, and more.
Incorporated in 2016, Arvind Fashions Limited is a readymade garment company that designs, market, and sell a range of branded readymade garment apparel, footwear, innerwear, and accessories for men, women, and kids. It is one of the leading players with having a strong product portfolio of licensed international brands including U. S. Polo Assn, Arrow, Tommy Hilfiger, Flying Machine, Calvin Klein, Unlimited, etc.
The company sells its products through a network of stores and distribution channels including 1,200+ Exclusive Brand Outlets (EBOs), 14,000+ Multi-Brand Outlets (MBOs), and 3,400+ Large Format Stores (LFS) that are spread across major cities and union territories of India. Arvind Fashions also has an international market presence in the Middle East and South Asian countries i.e, UAE, Sri Lanka, etc.
The net proceeds from the right issue will be utilized for the following purposes;
Arvind Fashions Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Arvind Fashions Issue Details||Values|
|Right Issue Issue Size(Shares)||1.48 Crore Eq Shares|
|Right Issue Issue Size(Amount)||₹199.84 Cr|
|Face Value||₹4 Per Equity Share|
|Right Issue Issue Price||₹135|
|Right Issue Record Date||24th Feb 2021|
|Right Issue Entitlement||3 Rights Equity share for every 20 fully paid-up equity shares held on the Record date|
|Right Issue Terms of payment||₹ 70 per Rights Equity Share is payable on Application and rest ₹ 65 will be on the first and final call.|
Past performance and financial results of Arvind Fashions.
|Arvind Fashions Limited Financials||31-Mar-2020||31-Mar-2019|
|Total Assets||₹4,451.24 Cr||₹3,524.34 Cr|
|Total Income||₹3,926.08 Cr||₹ 4,647.99 Cr|
|Net Profit/Loss||₹(399.36) Cr||₹21.48 Cr|
In this section we have covered all important dates related to Arvind Fashions 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||4th Mar 2021|
|Right Issue Issue Close Date||18th Mar 2021|
|Basis of Allotment Finalisation Date*||25th Mar 2021|
|Refunds Initiation*||25th Mar 2021|
|Credit of Shares to Demat Account*||26th Mar 2021|
|Right Issue Listing Date*||31st Mar 2021|
* - Tentative Dates
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Arvind Fashions Right Issue Offer Document (Letter of Offer) >>Document
Arvind Fashions Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Last Updated on 2021-03-03T01:09:16+00:00