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Right Issue Status: Closed [12th Feb 2024 to 23rd Feb 2024]
Nagreeka Exports Limited offers Right Issue size of Rs 37.50 Cr. The subscription for this Rights Issue is opening from 12 Feb 2024 to 23 Feb 2024. The company issues entitlement of 3 Rights equity shares for every fully paid-up 2 equity shares held on the record date of 30 Jan 2024. The face value of a share is Rs. 5 per share and the right issue price is fixed at Rs. 20 per share.
Stay connected with us to more about Nagreeka Exports Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses (Net Proceeds) for the following objects:
| Nagreeka Exports Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.87 Cr Shares |
| Right Issue Issue Size (Amount) | ₹37.50 Cr |
| Face Value | ₹5 Per Equity Share |
| Right Issue - Issue Price | ₹20 per share |
| Right Issue Record Date | 30th Jan 2024 |
| Right Issue Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The full amount of the Issue Price being Rs.20/- will be payable on application. |
| Listing At | BSE, NSE |
| BSE Code | 521109 |
| NSE Code | NAGREEKEXP |
In this section we have covered all important dates related to Nagreeka Exports 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 | 12th Feb 2024 |
| Right Issue Issue Close Date | 23rd Feb 2024 |
| Basis of Allotment Finalisation Date* | 5th Mar 2024 |
| Refunds Initiation* | 19th Feb 2024 |
| Credit of Shares to Demat Account* | 14th Mar 2024 |
| Right Issue Listing Date* | 19th Mar 2024 |
* - Tentative Dates
Zerodha Trade@20
Nagreeka export Limited on its journey in 1953, commencing with modest trading activities under the stewardship of Mr. I. L. Patwari and his family. After almost six decades of experience, the company has made a distinguished name for itself as a leading manufacturer and exporter of plastic-coated aluminum and steel coils and laminates, textiles, yarns, cotton, and aluminium and plastic containers, and currently operates in over 40 countries worldwide.
Nagreeka's unwavering commitment to continuous technological improvement and the application of best practices is geared towards achieving the highest quality at competitive costs and prices. A highly dependable team comprising qualified technicians, financial professionals, and general administrative experts from various locations ensures that the company consistently delivers on this promise. Moreover, the company offers continuous training, sound personnel management, professional development opportunities, and transparency at all levels of the organization.
With a strong financial position, a professional culture, and decades of collective experience, Nagreeka is poised to ascend to the next level of global trade.
Past performance and financial results of Nagreeka Exports.
Nagreeka Exports Ltd.'s revenue decreased by -29.29% and profit after tax (PAT) dropped by -51.01% 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 | 329.33 | 346.04 | 351.89 |
| Revenue | 390.79 | 552.65 | 385.32 |
| Profit After Tax | 3.03 | 6.19 | -8.32 |
| Net Worth | 111.05 | 109.12 | |
| Reserves and Surplus | 103.91 | 100.88 | 94.68 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Nagreeka Exports Right Issue Offer Document (Letter of Offer) >>Document
Nagreeka Exports Right Issue Offer Document (Letter of Offer) >>Nagreeka Exports Right Issue Red Herring Prospectus is not yet available.
Nagreeka Exports Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Nagreeka Exports Right Issue Online Application (Registrar & Transfer Agent) >>Nagreeka Exports Right Issue RTA information is not yet available.
Last Updated on 2024-02-26T04:33:01+00:00
