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Asian Granito India Limited Rights Issue (Asian Granito India Rights Issue 2022) Detail

April 25, 2022 - May 10, 2022
Asian Granito India Limited Logo

Incorporated in 1995, Asian Granito India Limited is a manufacturer of tiles, quartz stone and marble. The company offers a wide range of products including polished tiles, ceramic glazed tiles, unglazed tiles, rustic and matt finish tiles, bath-ware products, composite marbles, vitrified tiles, etc.

Asian Granito India Limited has expanded its operations internationally to countries including China, Israel, United States of America, Germany, Spain, Italy, Korea, Thailand, Myanmar, Canada, Indonesia, Australia, Bangladesh, Vietnam, Brazil, GCC Countries, Kenya, etc. The company manufactures products for dealers and distributors and also sells products to builders, government supplies, project customers and overseas customers.

Asian Granito India owns 5 manufacturing facilities at multiple locations in the state of Gujarat. All the units have a combined installed production capacity of 2,24,26,500 square meters.

Asian Granito India Rights Issue 2022 Detail

Issue Open April 25, 2022 - May 10, 2022
Security Name Asian Granito India Limited
Issue Size (Shares) 69,993,682
Issue Size (Amount) ₹440.96 Crores
Issue Price ₹63 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

Investors will have to pay the full amount of Rs 63 on the application.

Entitlement 37 Rights Equity Shares for every 30 fully paid-up Equity Shares held on the Record Date

Asian Granito India Rights Issue 2022 Issue Timetable

Record Date April 12, 2022
Credit of Rights Entitlements April 24, 2022
Bid/Offer Opens On April 25, 2022
Renunciation of Rights Entitlements May 5, 2022
Bid/Offer Closes On May 10, 2022
Deemed Date of Allotment May 19, 2022
Credit Date May 20, 2022
Listing Date May 24, 2022

Company Financials

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Lakhs)
  31-Mar-21 31-Mar-20
Total Assets 1,36,706.15 1,25,910.24
Total Revenue 1,29,582.27 1,23,227.42
Profit After Tax 5,760.91 4,604.58

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards funding of the following objects:

  1. Funding the capital expenditure for setting up of new manufacturing units under the newly incorporated wholly owned subsidiaries of the Company.
  2. Funding the working capital requirements of the Proposed Projects, post commencement of commercial production.
  3. Funding the capital expenditure for setting up of display centre to showcase the entire range of products and capabilities.
  4. General corporate purposes.

Asian Granito India Rights Issue 2022 Documents

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Asian Granito India Rights Issue 2022 Reviews

Company Contact Information

Asian Granito India Limited
202, Dev Arc,
Opposite Iskon Tample,
Ahmedabad, Gujarat – 380059

Phone: +91 079 – 66125500
Email: info@aglasiangranito.com
Website: https://www.aglasiangranito.com/

Asian Granito India Rights Issue 2022 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: agl.rights2022@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Asian Granito India Rights Issue 2022 Lead Manager(s)

Asian Granito India Rights Issue 2022 FAQs

The Asian Granito India Rights Issue 2022 opens on April 25, 2022, and closes on May 10, 2022.

Asian Granito India Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsApril 24, 2022
Last Date for renunciation of Rights EntitlementsMay 5, 2022
Issue Opening DateApril 25, 2022
Issue Closing DateMay 10, 2022
Date of Allotment (on or about)May 19, 2022
Date of Credit (on or about)May 20, 2022
Date of Listing (on or about)May 24, 2022

Asian Granito India Rights Issue 2022 price is set at ₹63 per share per equity share.

The eligible shareholders are being offered 37 Rights Equity Shares for every 30 fully paid-up Equity Shares held on the Record Date (April 12, 2022).

The record date for the Asian Granito India Rights Issue 2022 is April 12, 2022.

The issue size of Asian Granito India Rights Issue 2022 is of 69,993,682 equity shares at ₹63 per share aggregating upto ₹440.96 Crores.

The Letter of Offer for Asian Granito India Rights Issue 2022 can be download here.

You can apply for Asian Granito India Rights Issue 2022 in two ways:

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

Steps to apply for Asian Granito India Rights Issue 2022 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 Asian Granito India Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Asian Granito India Rights Issue 2022.
  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 Asian Granito India Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Asian Granito India Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

24 Comments

24. ashish     Link|May 17, 2022 11:00:03 AM
100% rights entitlemment ratio
bank debited
when is it will list ?
24.1. CA Dixit Ranka     Link|May 18, 2022 4:48:59 PM
Hi,

I talk to Company, they said they have completed all the formalities and now its upto exchange when the list this. But last date is 24th May, 2022.

Hence, Anytime before 24th May, 2022
23. Traders Tub     Link|May 17, 2022 10:54:23 AM
I had applied for rights issue. When will it show in my demat account?
22. Raja     Link|May 10, 2022 10:12:38 PM
Is during trading time only we need to apply through ASBA, I am having IDFC it's not allowed to enter DP details. Today I called IDFC they told during trading time only we have to apply.
22.1. pRACE     Link|May 11, 2022 11:45:53 AM
yes i think all bank cutoff time is also about 2 to 3pm

similar like ipo application timing
21. vikram     Link|May 10, 2022 11:20:23 AM
i have buy 50000 @ 2.30 through zerodha which i buy on 04 may . but now it is not showing in my demat account. i have zero knowledge for right issue . please help what to do
21.3. pRACE     Link|May 10, 2022 3:13:41 PM
as you have not sold before 5 may, you have option only to apply for rights entitlement, which is good at 63 rupees they are giving where as cmp 85. so apply before it closes.
21.4. Ajit Katariya     Link|May 10, 2022 7:52:05 PM
Apply and pay 63*50000 to get the shares. You actual buy price will be 63+2.3 = 65.3 which is less than CMP.
20. bharath     Link|April 29, 2022 12:32:04 PM
In bank of baroda net banking its asking Composite Application Form number to apply . How can i get this information
20.1. vg     Link|May 3, 2022 2:19:32 PM
I entered Dmat number and applied. I dont know i done it right or not
20.2. pRACE     Link|May 10, 2022 12:41:38 PM
yes demat number to be filled in CAF
19. akumar     Link|May 7, 2022 9:26:05 PM
As ICICI bank is not providing the online ASBA submission, I checked with linkintime that if the application can be submitted online from their site. The linkintime says that this facility is stopped at their site.

Let us urge/write to Sebi that they allow the Linkintime to start this facility. This is very convenient for the users to apply and the site is very useful. The users don't need to depend on banks, which sometimes arbitrarily denying the online ASBA facility and not helping the customers.

Many banks are making arbitrary decisions including ICICI and not providing this ASBA facility.
19.1. pRACE     Link|May 10, 2022 12:41:05 PM
showing in BOB ASBA
18. Mahesh     Link|May 8, 2022 6:52:10 PM
This is regarding procedure for payment of AGL RIght issue 2022 call money. I am eligible for 3200 Right Entitlement by way of Holding and i bought extra 2000 RE from market so in total I am eligible for 5200 RE. Now i would like to know the procedure for payment of Right issue call Money via ONLINE method (if available ) and if not what is the other way round. It will helpful for me if someone can guide me over the above process. Thanks
18.1. pRACE     Link|May 10, 2022 12:40:31 PM
apply today as last day 10 may, it is showing in BOB asba but not in icici.
17. Ankit Vora     Link|May 8, 2022 8:29:12 PM
How can i know my CAF/CNN number for online RE apply?
17.1. pRACE     Link|May 10, 2022 12:39:48 PM
put your demat account number in CAF
16. Anmol Dalai     Link|May 9, 2022 9:15:48 AM
hey i have been holding Asian Tile Shares,now i want to apply for the Right Issues nut unable to do in ICICI Bank.Could you please help me?
16.1. pRACE     Link|May 10, 2022 12:39:32 PM
same happened with me as well, but i applied using BOB then.
15. pRACE     Link|May 10, 2022 12:38:54 PM
https://web.linkintime.co.in/RIGHTSISSUE/rightsissues-Knowyourapplication.aspx

check number of rights entitlement on link intime...
14. saibu     Link|May 10, 2022 11:40:52 AM
iam entitled for 509 shares, but how could i make payment for the same
14.1. pRACE     Link|May 10, 2022 12:37:13 PM
similar like ipo ASBA method, it is showing in BOB, put your demat as CAF number and apply as per eligible quantity, cut off price is 63.
13. Jai     Link|May 8, 2022 4:53:35 PM
I need help … i was not eligible for the right s but i bought rights from secondary market and because of some confusion in ending date of rights …i could not sell it back … what should i do now? Will i get back My money which i put to buy thode rights or it actuly gone ??
13.1. Arpit     Link|May 9, 2022 12:11:40 AM
Make payment through netbank and get them converted into shares
13.2. Jai     Link|May 9, 2022 11:02:17 AM
Ohk thanks … can i offer for less quantity then the rights i bought???
12. akumar     Link|May 7, 2022 9:12:19 PM
you can download the plain paper format from linkintime site. Take a printout of this. Fill the form and sign it. Then submit the form at the bank which is linked to your demat account. The linkintime web link is : https://web.linkintime.co.in/RIGHTSISSUE/rightsissues-PlainPaper.aspx
11. akumar     Link|May 7, 2022 9:04:04 PM
for the banks which is not providing the online ASBA, you can download the plain paper application from linkintime site. Take a printout. Then fill the form. Go to the bank which is linked to your demat account and submit the form. They will block the amount for the rights issue. the linkintime plain paper link is: https://web.linkintime.co.in/RIGHTSISSUE/rightsissues-PlainPaper.aspx
10. rahul katiyar     Link|April 29, 2022 7:51:11 PM
Can I apply for asian granito right issue through net banking by sbi account which is not linked to my demat account
9. Parveen Kumar     Link|April 26, 2022 9:58:55 PM
Hello
It ia showing RE share in my ICICI demat account.
1) how can I apply for the rights share online.
2) There is no on line payment link than who can I make payment of my right issue of Asian Granito .
9.1. Ruchir     Link|April 26, 2022 11:36:43 PM
You can apply in ASBA form sent in mail and physically to bank approved for the issue. List of bank is mentioned in the instructions to the form.
9.2. Yash     Link|April 28, 2022 2:15:12 PM
Still unable to see option on ICICI ASBA, while other banks are showing.
If anyone finds it, please suggest how to proceed
8. Ansh     Link|April 28, 2022 12:33:13 PM
The option to apply online via ASBA is now available
7. Anup     Link|April 27, 2022 3:01:13 PM
the face value of the RE was 10INR, but now it has already fallen to 5, so does it mak sense to apply using the RE which was allocated ? or buy some from market and then apply
6. Hello     Link|April 26, 2022 10:51:39 AM
It ia showing RE share in my dmat account.
1) how can I apply for the rights share online.
2) if I buy rights if the share from some one who is selling how can I convert it into normal share.

Bhai koi guide mar dete.
6.1. Asoke Sarkar     Link|April 26, 2022 12:09:46 PM
1. With the help of net banking as we do in case of IPO. You can apply more than your entitlement and may be allotted with twice as well.
2. If you purchase RE share, go to the net banking in the same menu and take option renounce and apply for accordingly. You can do it only after two days of purchase while the RE shares are credited to your demat.
5. ramesh     Link|April 26, 2022 11:41:55 AM
Did anyone apply for rights issue. please help me with how to do it online

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