Right Issue Status: Closed [25th Apr 2022 to 10th May 2022]
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.
The company aims to utilize the net proceeds towards the following purposes;
|Asian Granito India Issue Details||Values|
|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|
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.
|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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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.
Past performance and financial results of Asian Granito India.
|Asian Granito India Financials (₹ in Lakhs)||31-Mar-2021||31-Mar-2020|
Asian Granito India Right Issue Offer Document (Letter of Offer) >>Document
Asian Granito India Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Last Updated on 2022-04-19T17:41:43+00:00
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