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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.
| Issue Open | November 11, 2024 - December 9, 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 |
| Last Date to buy shares | October 23, 2024 |
| Record Date | October 24, 2024 |
| Credit of Rights Entitlements | November 7, 2024 |
| Bid/Offer Opens On | November 11, 2024 |
| Renunciation of Rights Entitlements | December 3, 2024 |
| Bid/Offer Closes On | December 9, 2024 |
| Deemed Date of Allotment | November 30, 2024 |
| Credit Date | December 4, 2024 |
| Listing Date | December 6, 2024 |
Diligent Industries Ltd.'s revenue decreased by -0.9% and profit after tax (PAT) dropped by -6.17% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 115.55 | 90.29 | 57.16 |
| Revenue | 123.95 | 125.08 | 103.45 |
| Profit After Tax | 2.03 | 2.16 | 1.37 |
| Net Worth | 17.93 | 15.91 | 13.75 |
| Reserves and Surplus | 6.50 | 4.47 | 2.31 |
| Total Borrowing | 57.06 | 48.37 | 31.36 |
| Amount in ₹ Crore | |||
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 is subscribed 0.01 times as on November 22, 2024 5:00:00 PM. The total bid quantity received by BSE is 1,951,475 shares.
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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
Venture Capital And Corporate Investments Pvt Ltd
Phone: 040-23818475, 23818476, 23868023
Email: rightsissue@vccipl.com
Website: https://www.vccipl.com
The Diligent Industries Rights Issue 2024 opens on November 11, 2024, and closes on December 9, 2024.
Diligent Industries Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | November 7, 2024 |
| Last Date for renunciation of Rights Entitlements | December 3, 2024 |
| Issue Opening Date | November 11, 2024 |
| Issue Closing Date | December 9, 2024 |
| Date of Allotment (on or about) | November 30, 2024 |
| Date of Credit (on or about) | December 4, 2024 |
| Date of Listing (on or about) | December 6, 2024 |
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:
Steps to apply for Diligent Industries Rights Issue 2024 using Net Banking (ASBA)
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)
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