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Raj Oil Mills Right Issue Details 2023

Right Issue Status: Closed [21st Feb 2023 to 21st Mar 2023]

Rated 3/5 by Team InvestorGain

Raj Oil Mills  Right Issue Detail

Raj Oil Mills Limited offers Right Issue size of Rs 44.97 Cr. which subscription is opening from 21 Feb 2023 to 13 Mar 2023. The company issues 01 right equity shares for every 01 equity shares held on the record date of 09 Feb 2023. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 30 per share.

Stay updated with us to know more about the Raj Oil Mills Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.

Raj Oil Mills Right Issue Objective

The objects of the Issue are:

  1. Repayment or pre-payment in full or part, unsecured loans availed by our Company from Promoter, Promoter Group and Directors of our Company;
  2. To augment the existing and incremental working capital requirement of our Company; and
  3. General Corporate Purposes

Raj Oil Mills Right Issue Details

Raj Oil Mills Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 1.50 Cr Shares
Right Issue Issue Size (Amount) ₹44.97 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹30 per share
Right Issue Record Date 9th Feb 2023
Right Issue Entitlement 1 Rights Equity Share For Every 1 Fully Paid-Up Equity Shares Held
Right Issue Terms of payment

100% of the issue price shall be payable on application.

Listing At BSE, NSE
BSE Code 533093
NSE Code ROML

Raj Oil Mills Right Issue Dates

In this section we have covered all important dates related to Raj Oil Mills 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.

Raj Oil Mills Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 21st Feb 2023
Right Issue Issue Close Date 21st Mar 2023
Basis of Allotment Finalisation Date* 20th Mar 2023
Refunds Initiation* 15th Mar 2023
Credit of Shares to Demat Account* 23rd Mar 2023
Right Issue Listing Date* 27th Mar 2023

* - Tentative Dates

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About Company - Raj Oil Mills

Raj Oil Mills Limited was established in 2018 in Mumbai. This Company is engaged in the business of crushing, refining and oil filtration of various types of oils like coconut oil, groundnut oil, sunflower oil, mustard oil and various other oil products. Currently, the Company is running the oil filtration process plant by buying different types of raw filtered and refined edible oil from the suppliers, do the oil filtration process in-house and cater the final products through its business partners i.e., super stockiest and distributors. At present, crushing and refining plant is not operational.

Raj Oil Mills� manufacturing facility strategic location enables us to procure key raw oil from the suppliers at cheaper costs. The Company has also installed DG set to augment the power requirements of the aforesaid processing facilities due to avoid any power outages. To ensure that they supply quality products which meets the applicable standards, they have set up quality control facility at its factory, which consists of its quality assurance and quality control teams who check and conduct various tests on the products at various stages starting from the raw oil procured to the finished products manufactured by us.

Their aforementioned products are sold under three umbrella brands viz., �Guinea� �Cocoraj�, and �Raj� such as �Tilraj�, �Mustraj� and �Divya Shakti�. These brands are in existence for more than 7 decades.

This Company acquired all intangible property viz. Brands, Trademarks and Copyrights from M/s Raj oil Mills, partnership firm vide various agreement dated December 13, 2007, December 17, 2007, December 20, 2007, December 26, 2007 and December 31, 2007. Thus, following brands, �Guinea�, �Cocoraj�, and �Raj� became part of this Company.

Raj Oil Mills Financials for past 3 Years

Past performance and financial results of Raj Oil Mills .

Raj Oil Mills Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2132.4898.875.27
31-Mar-2235.57118.612.6
Amount in ₹ Crore

Raj Oil Mills Right Issue Live Subscription (NSE + BSE)

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

    Company Address

    Raj Oil Mills Limited
    224 - 230, Bellasis Road
    Mumbai ,Maharashtra-400 008
    India
    Website: http://www.rajoilmillsltd.com/
    Phone: +91 22 23021996/7/8
    Email: [email protected]

    Registrar

    Bigshare Services Pvt Ltd
    1st Floor, Bharat Tin Works Building,
    Opp. Vasant Oasis,Makwana Road,
    Marol, Andheri(E), Mumbai - 400 059
    Website: https://ipo.bigshareonline.com/IPO_Status.html
    Phone: +91-22-6263 8200
    Email: [email protected]

    Lead Manager

    1. Saffron Capital Advisors Private Limited

    Raj Oil Mills Right Issue Offer Document (Letter of Offer) >>Document

    Raj Oil Mills Right Issue Offer Document (Letter of Offer) >>Raj Oil Mills Right Issue Red Herring Prospectus is not yet available.

    Raj Oil Mills Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

    Raj Oil Mills Right Issue Online Application (Registrar & Transfer Agent) >>Raj Oil Mills Right Issue RTA information is not yet available.

    Raj Oil Mills 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 Raj Oil Mills ? Should I apply in Raj Oil Mills Right Issue?

    Last Updated on 2023-03-24T03:30:46+00:00


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