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

September 23, 2021 - October 7, 2021
Asian Granito India Limited Logo

Established in the year 1995, Asian Granito started commercial manufacturing of tiles in 2003. The company is engaged in the manufacturing of tiles, vitrified and ceramic products and caters to a large number of consumers with various price points. The company also manufactures engineered marble and quartz stone to cater to the middle to upper-middle segment. In 2019, the company started a bath-ware range to increase its product portfolio and strengthen the domestic and international markets reach. The company along with its subsidiaries, own 5 manufacturing units in Gujarat with a combined installed production capacity of 2,32,98,000 square meter p.a. (for FY 2020-21).

Asian Granito India Rights Issue Detail

Issue Open September 23, 2021 - October 7, 2021
Security Name Asian Granito India Limited
Issue Size (Shares) 22,464,188
Issue Size (Amount) ₹224.64 Crores
Issue Price ₹100 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment The full amount of Rs.100 per Rights Equity Share is payable on Application.
Entitlement 19 Equity Share for every 29 fully paid-up Equity Shares held on the Record Date

Asian Granito India Rights Issue Issue Timetable

Record Date September 9, 2021
Credit of Rights Entitlements September 17, 2021
Bid/Offer Opens On September 23, 2021
Renunciation of Rights Entitlements October 1, 2021
Bid/Offer Closes On October 7, 2021
Deemed Date of Allotment October 20, 2021
Credit Date October 21, 2021
Listing Date October 26, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs.in Crores)
31-Mar-21 31-Mar-20
Total Assets 1,367.06 1,259.10
Total Income 1,295.82 1,232.27
Profit After Tax 57.60 46.04

Objects of the Issue:

The Proceeds from the Issue will be utilized towards funding of the following objects: 1. Part repayment / Pre-payment of certain secured loans availed from lenders 2. To meet working capital requirements 3. General corporate expenses

Asian Granito India Rights Issue Documents

Asian Granito India Rights Issue Rating

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Asian Granito India Rights Issue Reviews

Company Contact Information

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

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

Asian Granito India Rights Issue Registrar

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

Asian Granito India Rights Issue Lead Manager(s)

Asian Granito India Rights Issue FAQs

The Asian Granito India Rights Issue opens on September 23, 2021, and closes on October 7, 2021.

Asian Granito India Rights Issue Schedule

Last Date for credit of Rights EntitlementsSeptember 17, 2021
Last Date for renunciation of Rights EntitlementsOctober 1, 2021
Issue Opening DateSeptember 23, 2021
Issue Closing DateOctober 7, 2021
Date of Allotment (on or about)October 20, 2021
Date of Credit (on or about)October 21, 2021
Date of Listing (on or about)October 26, 2021

Asian Granito India Rights Issue price is set at ₹100 per share per equity share.

The eligible shareholders are being offered 19 Equity Share for every 29 fully paid-up Equity Shares held on the Record Date (September 9, 2021).

The record date for the Asian Granito India Rights Issue is September 9, 2021.

The issue size of Asian Granito India Rights Issue is of 22,464,188 equity shares at ₹100 per share aggregating upto ₹224.64 Crores.

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

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

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

Steps to apply for Asian Granito India Rights Issue 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 available on the list.
  4. Click the Apply button next to the Asian Granito India Rights Issue.
  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 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 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

3 Comments

3. ashwin gandhi     Link|October 3, 2021 7:18:14 AM
iam retail investor, in right issue there in five type investor categories,SHA,SHA-1 SHA-2 SHA-3 SHA-4,So which categorise I should submit for retail categories ?
2. DINESH KRISHNA PAI     Link|October 2, 2021 3:03:26 PM
Tried Axis-bank, icici bank and Kotak bank none of them offer online asba for Asian granito.
I wonder why.
1. J.J.     Link|September 20, 2021 12:52:40 PM
Make new page on rpp infra right issue

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