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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

Asian Granito India Rights Issue 2022 Rating

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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

4. Aditya Kamble     Link|April 26, 2022 9:51:15 AM
No link to make online payment in Link Intime. Also can't find this in ICICI ASBA application. How to apply for this online?
3. V Ramu     Link|April 25, 2022 8:24:40 PM
How to apply either offline or online
2. SKM     Link|April 25, 2022 2:15:48 PM
Is it possible to apply online via Link intime site ? I am trying but getting a application form downloaded. Pls confirm that there is no online application submission?
2.1. Yash     Link|April 25, 2022 5:09:32 PM
Same, not getting any option to apply online.
1. AKASH GUPTA     Link|April 22, 2022 12:41:04 PM
I am holding Shares as on Record Date. Can I apply for the Rights Issue through ICICI Direct or through ICICI Netbanking?
1.1. Namrata baid     Link|April 24, 2022 2:23:19 PM
I have also shares of asian granito in icici direct a/c allotted me right issue shares hoa to apply & pay for the same

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