Texel Industries Right Issue

Right Issue Status: Closed [31st Aug 2021 to 14th Sep 2021]

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Texel Industries Right issue of 3122398 shares at Rs. 40 each aggregating to Rs. 12.49 Cr opens for subscription on 31st August and closes on 14 September. The company is issuing 55 rights equity shares for every 92 fully paid-up Equity Shares held on the Record Date of 17 August 2021. Check about Texel Industries Right Issue detail including offer size, right issue entitlement, terms of payment, and more.

Texel Industries Right Issue Objective

  1. Setting up a new manufacturing facility at Kheda, Gujarat.
  2. To meet general corporate purposes.

Texel Industries Right Issue Details

Texel Industries Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Texel Industries Right Issue Details
Texel Industries Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 3122398 Eq Shares
Right Issue Issue Size(Amount) ₹124896000
Face Value ₹10 Per Equity Share
Right Issue Issue Price ₹40
Right Issue Record Date 17th Aug 2021
Right Issue Entitlement 55 Rights Equity Shares for every 92 fully paid-up Equity Shares held on the Record date
Right Issue Terms of payment 50% or Rs. 20 will be payable on application and remaining 50% or Rs. 20 will be payable on the first and final call
Listing At BSE
BSE Code 526638
NSE Code

Texel Industries Financials

Past performance and financial results of Texel Industries.

Texel Industries financial
Texel Industries Financials 31-Mar-2021 31-Mar-2020
Total Assets ₹7,336.23 Lakh ₹3,744.64 Lakh
Total Income ₹8,306.98 Lakh ₹9,552.95 Lakh
Net Profit/Loss ₹213.30 Lakh ₹207.24 Lakh

Texel Industries Right Issue Strengths

  • Long-standing manufacturing experience of geomembranes and tarpaulins.
  • Diversified client base across industries i.e. agriculture, aquaculture, civil engineering, horticulture, etc.
  • Professional and experienced managerial team.

Texel Industries Right Issue Threats/Weaknesses

  • The ongoing COVID-19 pandemic has deteriorated economic conditions and ultimately affected business operations.
  • Significant revenue dependency over the top 10 customers, accounted for 42% of total revenues in fiscal 2021.
  • Underutilization of existing as well as new manufacturing capacity will affect its financial performance.

Texel Industries Right Issue Important Dates

In this section we have covered all important dates related to Texel Industries 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.

Texel Industries Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 31st Aug 2021
Right Issue Issue Close Date 14th Sep 2021
Basis of Allotment Finalisation Date* 21st Sep 2021
Refunds Initiation* 22nd Sep 2021
Credit of Shares to Demat Account* 22nd Sep 2021
Right Issue Listing Date* 24th Sep 2021

* - Tentative Dates

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  NRI Form ⇒

Texel Industries Right Issue Offer Document (Letter of Offer) >>Document

Texel Industries Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

Company Address

Texel Industries Limited
Block No. 2106, Santej-Khatraj Road, Nr. Gayatri Farm House, Village - Santej, Taluka - Kalol (N.G)
Gandhinagar,Gujarat-382721
India
Website: http://www.geotexelin.com/
Phone: +91 8980026220/ 26110
Email: [email protected]

Registrar

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

Lead Manager

  1. Vivro Financial Services Private Limited
Texel Industries 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 Texel Industries? Should I apply in Texel Industries Right Issue?

Last Updated on 2021-09-08T18:36:27+00:00

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User Comments

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5. Sivakumar  8/27/2021 4:32:43 AM Reply
Texel Industries RightIssue expected listing gain.
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4. Roopali Tiwari   8/27/2021 4:32:43 AM Reply
Please confirm Texel Industries RightIssue GMP (grey market premium) and kostak.
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3. Amit Kumar Singh  8/27/2021 4:32:43 AM Reply
Texel Industries RightIssue good or bad.
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2. SURESH V V  8/27/2021 4:32:43 AM Reply
Texel Industries RightIssue whether to invest or not.
avatar
1. Subahan Pathan  8/27/2021 4:32:43 AM Reply
Texel Industries RightIssue - CRISIL Rating, Apply or not?.






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