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Ashnoor Textile Mills Ltd. Rights Issue (Ashnoor Textile Mills Rights Issue 2024) Detail

May 7, 2024 - May 16, 2024
Ashnoor Textile Mills Ltd. Logo

Founded in January 1984, Ashnoor Textile Mills Limited produces and exports high-quality terry towels. The company's primary business is manufacturing towels, including coloured towels, based on market demand. All company operations occur in India, and there are no geographical segments. The company operates as a single unit focused on its core business.

As of June 30, 2023, the company has produced more than 845 tons of terry towels.

Ashnoor Textile Mills is an ISO 9001and 140001 certified company that exports terry towels to the US.

The company has 296 employees working across its operations as of June 30, 2023.

Ashnoor Textile Mills Rights Issue 2024 Detail

Issue Open May 7, 2024 - May 16, 2024
Security Name Ashnoor Textile Mills Ltd.
Issue Size (Shares) 3,186,462
Issue Size (Amount) ₹6.37 Crores
Issue Price ₹20 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The Issue Price of Rs.20/- (Rupees Twenty Only) per Rights Equity Share (including premium of Rs.10/- each) payable on application

Entitlement 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date

Ashnoor Textile Mills Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 25, 2024
Record Date April 26, 2024
Credit of Rights Entitlements
Bid/Offer Opens On May 7, 2024
Renunciation of Rights Entitlements May 13, 2024
Bid/Offer Closes On May 16, 2024
Deemed Date of Allotment May 24, 2024
Credit Date May 30, 2024
Listing Date June 3, 2024

Company Financials

Ashnoor Textile Mills Ltd. Financial Information (Restated)

Ashnoor Textile Mills Ltd.'s revenue decreased by -32.23% and profit after tax (PAT) dropped by -31.61% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets138.27145.64179.18122.85
Revenue31.97177.79262.32118.75
Profit After Tax2.406.128.965.42
Net Worth59.0356.6250.5041.54
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the Net Proceeds from this Issue towards funding the following objects:

➢ Adjustment of unsecured loans against the entitlement of the promoters of the Company; and

➢ General Corporate Purposes.

➢ To meet the Rights Issue Expenses

Ashnoor Textile Mills Rights Issue 2024 Subscription Status

Ashnoor Textile Mills Rights Issue 2024 got oversubscribed by 3.73 times by the end of the bidding period with total bid quantity received by BSE of 11,869,742 shares.

Ashnoor Textile Mills Rights Issue 2024 Documents

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Company Contact Information

Ashnoor Textile Mills Ltd.
Behrampur,
Khandsa Village,
Gurugram - 122001

Phone: 0124-4809755
Email: accounts@ashnoortex.com
Website: https://www.ashnoortex.com/

Ashnoor Textile Mills Rights Issue 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: ashnoortextile.rights2023@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Ashnoor Textile Mills Rights Issue 2024 Lead Manager(s)

Ashnoor Textile Mills Rights Issue 2024 FAQs

The Ashnoor Textile Mills Rights Issue 2024 opens on May 7, 2024, and closes on May 16, 2024.

Ashnoor Textile Mills Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMay 13, 2024
Issue Opening DateMay 7, 2024
Issue Closing DateMay 16, 2024
Date of Allotment (on or about)May 24, 2024
Date of Credit (on or about)May 30, 2024
Date of Listing (on or about)June 3, 2024

Ashnoor Textile Mills Rights Issue 2024 price is set at ₹20 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date (April 26, 2024).

The record date for the Ashnoor Textile Mills Rights Issue 2024 is April 26, 2024.

The issue size of Ashnoor Textile Mills Rights Issue 2024 is of 3,186,462 equity shares at ₹20 per share aggregating upto ₹6.37 Crores.

The Letter of Offer for Ashnoor Textile Mills Rights Issue 2024 can be download here.

You can apply for Ashnoor Textile Mills Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Ashnoor Textile Mills Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Ashnoor Textile Mills Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Ashnoor Textile Mills Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Ashnoor Textile Mills Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Ashnoor Textile Mills Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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