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Incorporated in 1947, Grasim Industries Limited is a textile manufacturing company based in Mumbai, India and produces Viscose, Diversified Chemicals, Linen Yarn and Fabrics.
The company has recently entered the paint business under the brand name 'Birla Opus' and plans to set up six manufacturing plants for decorative paints across various locations in India.
Grasim aims to create sustainable value for employees, shareholders, society, and customers. In FY2023, the company reported consolidated net revenue of ₹1,17,627 Cr. and EBITDA of ₹20,478 Cr.
| Issue Open | January 17, 2024 - January 29, 2024 |
| Security Name | Grasim Industries Ltd. |
| Issue Size (Shares) | 22,073,935 |
| Issue Size (Amount) | ₹3,999.80 Crores |
| Issue Price | ₹1812 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The amount of Rs. 453 per Rights Equity Share is to be paid on the Application. The balance of Rs 1,359 will be paid on up to three subsequent calls as determined by the Board. |
| Entitlement | 6 Rights Equity Share(s) for every 179 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | January 9, 2024 |
| Record Date | January 10, 2024 |
| Credit of Rights Entitlements | January 16, 2024 |
| Bid/Offer Opens On | January 17, 2024 |
| Renunciation of Rights Entitlements | January 23, 2024 |
| Bid/Offer Closes On | January 29, 2024 |
| Deemed Date of Allotment | February 8, 2024 |
| Credit Date | February 9, 2024 |
| Listing Date | February 12, 2024 |
Grasim Industries Ltd.'s revenue increased by 25.61% and profit after tax (PAT) dropped by -1.14% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 337,205.03 | 2,893.95 | 267,554.21 |
| Revenue | 121,239.13 | 96,522.47 | 267,554.21 |
| Profit After Tax | 11,078.20 | 11,206.29 | 6,986.70 |
| Net Worth | 78,742.00 | 75,698.00 | 65,494.00 |
| Reserves and Surplus | 78,610.00 | 75,567.00 | 75,567.00 |
| Total Borrowing | |||
| Amount in ₹ Crore | |||
Grasim Industries Rights Issue 2024 got oversubscribed by 1.97 times by the end of the bidding period with total bid quantity received by BSE and NSE of 43,472,077 shares.
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Grasim Industries Ltd.
Aditya Birla Centre, ‘A’ Wing, 2nd Floor,
S.K. Ahire Marg,
Worli, Mumbai 400 030,
Phone: +91 22 6652 5000
Email: grasim.secretarial@adityabirla.com
Website: https://www.grasim.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: gil.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
The Grasim Industries Rights Issue 2024 opens on January 17, 2024, and closes on January 29, 2024.
Grasim Industries Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | January 16, 2024 |
| Last Date for renunciation of Rights Entitlements | January 23, 2024 |
| Issue Opening Date | January 17, 2024 |
| Issue Closing Date | January 29, 2024 |
| Date of Allotment (on or about) | February 8, 2024 |
| Date of Credit (on or about) | February 9, 2024 |
| Date of Listing (on or about) | February 12, 2024 |
Grasim Industries Rights Issue 2024 price is set at ₹1812 per share per equity share.
The eligible shareholders are being offered 6 Rights Equity Share(s) for every 179 fully paid-up Equity Shares held on Record Date (January 10, 2024).
The record date for the Grasim Industries Rights Issue 2024 is January 10, 2024.
The issue size of Grasim Industries Rights Issue 2024 is of 22,073,935 equity shares at ₹1812 per share aggregating upto ₹3,999.80 Crores.
The Letter of Offer for Grasim Industries Rights Issue 2024 can be download here.
You can apply for Grasim Industries Rights Issue 2024 in two ways:
Steps to apply for Grasim 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 Grasim Industries Rights Issue 2024 using Registrar's website (R-WAP)
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