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Igc Industries Ltd Rights Issue (Igc Industries Rights Issue 2024) Detail

November 4, 2024 - November 18, 2024
Igc Industries Ltd Logo

Incorporated in 1980, Igc Industries Ltd. is a trader/exporter, agent, representative, dealer, producer, stocker, importer, or distributor of various commodities.

The company also manufactures, processes, imports, exports, buys, sells, and deals in various fibers, fabrics, textiles, and hosiery goods made from cotton, etc.

The company also deals in all kinds of metals, plastics, melamine, aluminum, steel, aluminum foil, and aluminum raw materials and products.

IGC Industries Limited, based in Kolkata, specializes in trading agro commodities with a strong focus on the local market. An experienced management team leads the company and primarily operates offline, dealing with prominent merchants in the region.

IGC Industries specializes in loose packaging and offers organic fennel seed, organic jeera (cumin), cotton, and turmeric.

As of August 2024, the company has 3 permanent employees.

Igc Industries Rights Issue 2024 Detail

Issue Open November 4, 2024 - November 18, 2024
Security Name Igc Industries Ltd
Issue Size (Shares) 32,480,000
Issue Size (Amount) ₹42.22 Crores
Issue Price ₹13 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment
Entitlement 29 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

Igc Industries Rights Issue 2024 Issue Timetable

Last Date to buy sharesOctober 17, 2024
Record Date October 18, 2024
Credit of Rights Entitlements
Bid/Offer Opens On November 4, 2024
Renunciation of Rights Entitlements November 12, 2024
Bid/Offer Closes On November 18, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Igc Industries Ltd Financial Information (Restated)

Period Ended31 Mar 202431 Mar 2023
Assets10.4315.01
Revenue0
Profit After Tax-0.39-0.18
Reserves and Surplus-1.53-1.14
Amount in ₹ Crore

Objects of the Issue:

The Objects of the Issue are: -

  1. Working Capital requirements;
  2. General Corporate Purposes and
  3. To purchase and acquire the equity shares or other securities of other companies for the purpose as follows:
  • Establishing new Business through: creating subsidiaries or wholly owned subsidiaries, forming associate companies, and entering into joint ventures.
  • Exploring Business Opportunities: Expanding the business by acquiring other companies through the purchase of equity shares from existing shareholders or through other means.
  • Investing in Financial Instruments: Dealing in and investing in shares, debentures, and other securities as part of the strategic business expansion. This Object of fund raising is to explore and expand business opportunities through strategic acquisitions and investments.

Igc Industries Rights Issue 2024 Documents

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Company Contact Information

Igc Industries Ltd
12 Government Place (East),
1st Floor Formerly Hemanta Basu Sarani
Kolkata-400069

Phone: 02228020017
Email: igcfoils@gmail.com
Website: http://www.igcindustriesltd.com/

Igc Industries Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Igc Industries Rights Issue 2024 Lead Manager(s)

Find Igc Industries Rights Issue 2024 Latest Update

Igc Industries Rights Issue 2024 FAQs

The Igc Industries Rights Issue 2024 opens on November 4, 2024, and closes on November 18, 2024.

Igc Industries Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsNovember 12, 2024
Issue Opening DateNovember 4, 2024
Issue Closing DateNovember 18, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

Igc Industries Rights Issue 2024 price is set at ₹13 per share per equity share.

The eligible shareholders are being offered 29 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (October 18, 2024).

The record date for the Igc Industries Rights Issue 2024 is October 18, 2024.

The issue size of Igc Industries Rights Issue 2024 is of 32,480,000 equity shares at ₹13 per share aggregating upto ₹42.22 Crores.

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

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

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

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

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