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Joonktollee Tea & Industries Limited Rights Issue (Joonktollee Tea & Industries Rights Issue) Detail

February 4, 2022 - February 18, 2022
Joonktollee Tea & Industries Limited Logo

Joonktollee Tea & Industries is mainly engaged in the business of cultivation and manufacturing of Tea. In addition, the company also has cultivation activity of Coffee and Rubber. The company sells its Coffee through an auction sale in bulk to the export houses exporting in Europe, and Rubber to other manufacturers in different industries in India.
The company has taken several large-scale initiatives and has invested in equipment like vibratory fluidized bed dryers, enclosed withering troughs, modern humidification plants to improve quality and productivity. The company has also invested in irrigation facilities in all its estates.
The Company's tea garden area under cultivation is spread over 1827.55 hectares in Northeast and South India. The company's Coffee and Rubber gardens are in South India.

Joonktollee Tea & Industries Rights Issue Detail

Issue Open February 4, 2022 - February 18, 2022
Security Name Joonktollee Tea & Industries Limited
Issue Size (Shares) 4,142,201
Issue Size (Amount) ₹24.85 Crores
Issue Price ₹60 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment The full amount of Rs. 60 per Equity Share is payable on application.
Entitlement 1 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record date

Joonktollee Tea & Industries Rights Issue Issue Timetable

Record Date January 19, 2022
Credit of Rights Entitlements February 3, 2022
Bid/Offer Opens On February 4, 2022
Renunciation of Rights Entitlements February 14, 2022
Bid/Offer Closes On February 18, 2022
Deemed Date of Allotment February 28, 2022
Credit Date March 10, 2022
Listing Date March 16, 2022

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs.in Millions)
  31-Mar-21 31-Mar-20
Total Assets 2,350.38 2,259.24
Total Income 1,074.87 930.62
Profit After Tax -95.60 -242.77

Objects of the Issue:

  • Repayment of unsecured loans;
  • Meet the expenses of the issue.

Joonktollee Tea & Industries Rights Issue Documents

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Company Contact Information

Joonktollee Tea & Industries Limited
21, Strand Road
Kolkata – 700001,
West Bengal

Phone: +91 33 22300780
Email: cs@joonktolleetea.in
Website: https://www.joonktolleetea.in/

Joonktollee Tea & Industries Rights Issue Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Joonktollee Tea & Industries Rights Issue Lead Manager(s)

Joonktollee Tea & Industries Rights Issue FAQs

The Joonktollee Tea & Industries Rights Issue opens on February 4, 2022, and closes on February 18, 2022.

Joonktollee Tea & Industries Rights Issue Schedule

Last Date for credit of Rights EntitlementsFebruary 3, 2022
Last Date for renunciation of Rights EntitlementsFebruary 14, 2022
Issue Opening DateFebruary 4, 2022
Issue Closing DateFebruary 18, 2022
Date of Allotment (on or about)February 28, 2022
Date of Credit (on or about)March 10, 2022
Date of Listing (on or about)March 16, 2022

Joonktollee Tea & Industries Rights Issue price is set at ₹60 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record date (January 19, 2022).

The record date for the Joonktollee Tea & Industries Rights Issue is January 19, 2022.

The issue size of Joonktollee Tea & Industries Rights Issue is of 4,142,201 equity shares at ₹60 per share aggregating upto ₹24.85 Crores.

The Letter of Offer for Joonktollee Tea & Industries Rights Issue can be download here.

You can apply for Joonktollee Tea & Industries Rights Issue in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Joonktollee Tea & Industries Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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