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Diligent Industries Ltd. Rights Issue (Diligent Industries Rights Issue 2024) Detail

November 11, 2024 - November 25, 2024
Diligent Industries Ltd. Logo

The company was incorporated on January 13, 1995 as Yatish Securities Limited and later changed its name to Diligent Industries Limited. The company is engaged in the manufacturing, processing and trading of edible oils, food and agricultural products in India.

Its diverse product range includes rice bran oil, palm carnal oil and cotton oil. Recently, the company has expanded its product range to include refined edible oils, which will increase its market presence and strengthen its brand image.

To drive growth, the company is focusing on building its brand image, expanding its refinery capacity and moving into the cattle feed manufacturing sector. The company is committed to increasing operational efficiency and product quality through continuous improvements and maintaining close customer relationships.

Diligent Industries Rights Issue 2024 Detail

Issue Open November 11, 2024 - November 25, 2024
Security Name Diligent Industries Ltd.
Issue Size (Shares) 137,232,000
Issue Size (Amount) ₹49.40 Crores
Issue Price ₹3.6 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

The full amount of the Issue Price being Rs 3.60 will be payable on application.

Entitlement 6 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Diligent Industries Rights Issue 2024 Issue Timetable

Last Date to buy sharesOctober 23, 2024
Record Date October 24, 2024
Credit of Rights Entitlements
Bid/Offer Opens On November 11, 2024
Renunciation of Rights Entitlements November 18, 2024
Bid/Offer Closes On November 25, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Diligent Industries Ltd. Financial Information (Restated Standalone)

Diligent Industries Ltd.'s revenue decreased by -1% and profit after tax (PAT) dropped by -6% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets115.5590.29
Revenue123.95125.08
Profit After Tax2.032.16
Reserves and Surplus6.54.47
Amount in ₹ Crore

Objects of the Issue:

The Objects of the Issue are:

1. Adjustment of Unsecured Loans against the Rights Entitlement of the Promoters.

2. Towards meeting working capital requirements; and

3. General Corporate Purposes

Diligent Industries Rights Issue 2024 Documents

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Company Contact Information

Diligent Industries Ltd.
Dwarka Thirumala Road,
, Dendurulu Village and Mandal
West Godavari � 534 452

Phone: 08829256099
Email: diligentinvestors@gmail.com
Website: http://www.diligentindustries.com/index.html

Diligent Industries Rights Issue 2024 Registrar

  1. Venture Capital And Corporate Investments Pvt Ltd
    Phone: 040-23818475, 23818476, 23868023
    Email: rightsissue@vccipl.com
    Website: https://www.vccipl.com

Diligent Industries Rights Issue 2024 Lead Manager(s)

Find Diligent Industries Rights Issue 2024 Latest Update

Diligent Industries Rights Issue 2024 FAQs

The Diligent Industries Rights Issue 2024 opens on November 11, 2024, and closes on November 25, 2024.

Diligent Industries Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsNovember 18, 2024
Issue Opening DateNovember 11, 2024
Issue Closing DateNovember 25, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

Diligent Industries Rights Issue 2024 price is set at ₹3.6 per share per equity share.

The eligible shareholders are being offered 6 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (October 24, 2024).

The record date for the Diligent Industries Rights Issue 2024 is October 24, 2024.

The issue size of Diligent Industries Rights Issue 2024 is of 137,232,000 equity shares at ₹3.6 per share aggregating upto ₹49.40 Crores.

The Letter of Offer for Diligent Industries Rights Issue 2024 can be download here.

You can apply for Diligent Industries Rights Issue 2024 in two ways:

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

Steps to apply for Diligent Industries 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 Diligent Industries Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Diligent Industries 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 Diligent Industries Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Diligent Industries 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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