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Asian Tea Right Issue

Right Issue Status: Closed [18th Nov 2021 to 2nd Dec 2021]

Rated 3.5/5 by Team InvestorGain

Asian Tea Right Issue Detail

Asian Tea & Export Ltd right issue of 1 Cr shares worth issue size of Rs. 15 Cr opens for subscription from 18 Nov to 2 Dec 2021. The company issues 1 right equity share for every 1 fully paid-up equity shares held as on the record date, 9 Nov 2021. The right issue share price is fixed at Rs. 15 per share. Check out more about the Asian Tea Right Issue including business overview, financial performance, issue timeline, issue entitlement, objectives, and more.

Asian Tea Right Issue Objective

The company aims to utilize the net proceed from the right issue towards the following objectives;

  1. Working capital requirements.
  2. Meet issue expenditures.
  3. General corporate purposes.

Asian Tea Right Issue Details

Asian Tea Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 1 Cr
Right Issue Issue Size (Amount) ₹15 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹15 per share
Right Issue Record Date 9th Nov 2021
Right Issue Entitlement 1 Rights Equity share for every 1 fully paid-up shares held on the Record date
Right Issue Terms of payment The full amount of ₹ 15 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code 519532
NSE Code

Asian Tea Right Issue Dates

In this section we have covered all important dates related to Asian Tea 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 Tea Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 18th Nov 2021
Right Issue Issue Close Date 2nd Dec 2021
Basis of Allotment Finalisation Date* 10th Dec 2021
Refunds Initiation* 13th Dec 2021
Credit of Shares to Demat Account* 14th Dec 2021
Right Issue Listing Date* 17th Dec 2021

* - Tentative Dates

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About Company - Asian Tea

Asian Tea & Export Ltd is primarily engaged in tea plantation, manufacturing, trading, and export activities. It offers an end-to-end solution from sourcing tea, tasting, customizing blends, flavored tea, and labeling and packaging as well. The company is having a globalized market presence with the export of foodstuff i.e. Pulses, Soyabean, cashew nuts, etc. to several countries i.e. Ukraine, Russia, Lithuania, Argentina, Tanzania, Canada, Benin, Burma, Mozambique, etc.

Government of India (GoI) has recognized the company as the Star Export house.

Asian Tea Financials for past 3 Years

Past performance and financial results of Asian Tea.

Asian Tea financial
Asian Tea & Exports Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020
Total Assets ₹82.18 ₹85.48
Total Income ₹123.88 ₹238.20
Net Profit/Loss ₹3.67 ₹2.77

Asian Tea Right Issue Live Subscription (NSE + BSE)

The table below is live update of Right Issue bidding details from NSE and BSE.

    Company Address

    Asian Tea & Exports Ltd
    Sikkim Commerce House, 4,/1, Middteton Street,
    Kolkata,West Bengal-700071
    India
    Website: https://www.asianteaexports.com/
    Phone: +97 33 2287 9732
    Email: [email protected]

    Registrar

    Cameo Corporate Services Limited
    Cameo Corporate Services Ltd.,
    Subramanian Building # 1, Club House Road,
    Chennai 600 002 - India
    Website: https://ipo.cameoindia.com/
    Phone: +91-44-28460390
    Email: [email protected]

    Lead Manager

    1. Finshore Management Services Limited

    Asian Tea Right Issue Offer Document (Letter of Offer) >>Document

    Asian Tea Right Issue Offer Document (Letter of Offer) >>Asian Tea Right Issue Red Herring Prospectus is not yet available.

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

    Asian Tea Right Issue Online Application (Registrar & Transfer Agent) >>Asian Tea Right Issue RTA information is not yet available.

    Asian Tea 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 Tea? Should I apply in Asian Tea Right Issue?

    Last Updated on 2022-04-06T10:32:36+00:00


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