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Asian Granito India Right Issue Details 2022, Entitlement, Record date

Right Issue Status: Closed [25th Apr 2022 to 10th May 2022]

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Asian Granito India Right Issue Detail

Asian Granito India Rights Issue Rs. 440.96 Cr opens for subscription from 25 April to 10 May 2022. The company issues 37 right equity share for every 30 fully paid-up equity shares held on the record date, 12 April 2022. The face value of share is Rs. 10 per share and the right issue price is fixed at Rs. 63 per share. The full amount of Rs. 63 per rights equity share is payable on the application. Stay updated with us to know more about the Asian Granito India Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.

Asian Granito India Right Issue Objective

The company aims to utilize the net proceeds towards the following purposes;

  1. Funding the capital expenditure for setting up of new manufacturing units namely Future Ceramic Pvt Ltd, AGL Sanitaryware Pvt Ltd, and AGL Surfaces Pvt Ltd.
  2. Funding the company's working capital requirements of the proposed project./li>
  3. Funding the capital expenditure requirements for setting up the display centre to showcase the entire range of products.
  4. General corporate purposes.

Asian Granito India Right Issue Details

Asian Granito India Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 7 Cr Eq Shares
Right Issue Issue Size (Amount) ₹440.96 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹63 per share
Right Issue Record Date 12th Apr 2022
Right Issue Entitlement 37 Rights Equity Shares for every 30 fully paid-up Equity Shares
held on the Record Date
Right Issue Terms of payment The entire amount of Rs. 63 per rights equity share
is payable on application.
Listing At BSE, NSE
BSE Code 532888

Asian Granito India Right Issue Dates

In this section we have covered all important dates related to Asian Granito India 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.

Asian Granito India Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 25th Apr 2022
Right Issue Issue Close Date 10th May 2022
Basis of Allotment Finalisation Date* 18th May 2022
Refunds Initiation* 19th May 2022
Credit of Shares to Demat Account* 20th May 2022
Right Issue Listing Date* 24th May 2022

* - Tentative Dates

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About Company - Asian Granito India

Asian Granito India Ltd is engaged in the business of manufacturing tiles, vitrified and ceramic tiles. The company's product portfolio includes polished, double charged, glazed, unglazed, rustic, matt, homogenous, and non-homogeneous body. It also manufactures engineered marble and quartz stone with varied thickness, shape, design, and color.

In 2019, it has forayed into bath-ware segment to diversify its product portfolio. Under the segment, it offers products such as faucets and sanitary ware such as wash basins, urinals, one piece, and wall hung water closets with anti-bacterial features, twin flushing technology, chemical, scratch, and stain resistant, etc. The business not just sells goods domestically but also in the international market such as China, Israel, United States of America, Germany, Spain, Italy, Korea, Thailand, Myanmar, Canada, Indonesia, Australia, Bangladesh, Vietnam, Brazil, GCC Countries, Kenya, etc.

The company has 5 manufacturing facilities at multiple locations in Gujarat with an installed aggregate manufacturing capacity of 2,24,26,500 square meter.

Asian Granito India Right Issue Strengths

  • 5 state-of-the-art manufacturing facilities in Gujarat.
  • Wide range of product portfolio in more than 1400 designs.
  • Widespread sales & distribution network of 2,700 backed by 310+ showrooms.
  • Domestic as well as international market presence.
  • Experienced managers and dedicated employee base.

Asian Granito India Financials

Past performance and financial results of Asian Granito India.

Asian Granito India Financials (₹ in Lakhs) 31-Mar-2021 31-Mar-2020
Total Assets ₹1,36,706.15 ₹1,25,910.24
Total Income ₹1,29,582.27 ₹1,23,227.42
Net Profit/Loss ₹5,760.91 ₹4,604.58

Company Address

Asian Granito India Limited
202, Dev Arc, Opposite Iskon Tample,
Phone: +91 079 – 66125500
Email: [email protected]


Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: [email protected]

Lead Manager

  1. Pantomath Capital Advisors Pvt Ltd

Asian Granito India Right Issue Offer Document (Letter of Offer) >>Document

Asian Granito India Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Asian Granito India Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Asian Granito India? Should I apply in Asian Granito India Right Issue?

Last Updated on 2022-04-19T17:41:43+00:00

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