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Ushanti Colour Chem Limited Rights Issue (Ushanti Colour Chem Rights Issue 2024) Detail

November 4, 2024 - November 25, 2024
Ushanti Colour Chem Limited Logo

Ushanti Colour Chem Limited was founded in 1993 and manufactures reactive and direct dyes, also known as Synthetic Organic Dyes.

The company also manufactures copper phthalocyanine and blue cued, which are among the most important raw materials for the production of colorants. The pigments and dyes produced by the company meet the raw material needs of the textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastics and paint industries.

The company has three production facilities in Vatva GIDC in Gujarat with a production capacity of approximately 2,520 tons per annum. The plants cover a total area of 2,739 square meters.

Ushanti Colour Chem Rights Issue 2024 Detail

Issue Open November 4, 2024 - November 25, 2024
Security Name Ushanti Colour Chem Limited
Issue Size (Shares) 535,085
Issue Size (Amount) ₹2.94 Crores
Issue Price ₹55 per share
Face Value ₹10 per share
Listing At NSE
Terms of Payment

The full amount of the Issue Price (including the Premium) will be payable on application.

Entitlement 5 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date

Ushanti Colour Chem Rights Issue 2024 Issue Timetable

Last Date to buy sharesOctober 10, 2024
Record Date October 11, 2024
Credit of Rights Entitlements October 31, 2024
Bid/Offer Opens On November 4, 2024
Renunciation of Rights Entitlements November 18, 2024
Bid/Offer Closes On November 25, 2024
Deemed Date of Allotment December 2, 2024
Credit Date December 5, 2024
Listing Date December 11, 2024

Company Financials

Ushanti Colour Chem Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 202331 Mar 2022
Assets100.2260.39
Revenue47.2148.13
Profit After Tax0.981.16
Reserves and Surplus36.3121.15
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds towards the following objectives:

  1. To augment the existing and incremental working capital requirement of the company; and
  2. General Corporate Purposes.

Ushanti Colour Chem Rights Issue 2024 Subscription Status

Ushanti Colour Chem Rights Issue 2024 is subscribed 1.34 times as on November 22, 2024 5:00:56 PM. The total bid quantity received by NSE is 719,500 shares.

Ushanti Colour Chem Rights Issue 2024 Documents

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Company Contact Information

Ushanti Colour Chem Limited
88/8 GIDC,
Phase I, Vatva,
Ahmedabad - 382445

Phone: 07925833315
Email: admin@ushanti.com
Website: http://www.ushanti.com/

Ushanti Colour Chem Rights Issue 2024 Registrar

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

Ushanti Colour Chem Rights Issue 2024 Lead Manager(s)

Ushanti Colour Chem Rights Issue 2024 FAQs

The Ushanti Colour Chem Rights Issue 2024 opens on November 4, 2024, and closes on November 25, 2024.

Ushanti Colour Chem Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsOctober 31, 2024
Last Date for renunciation of Rights EntitlementsNovember 18, 2024
Issue Opening DateNovember 4, 2024
Issue Closing DateNovember 25, 2024
Date of Allotment (on or about)December 2, 2024
Date of Credit (on or about)December 5, 2024
Date of Listing (on or about)December 11, 2024

Ushanti Colour Chem Rights Issue 2024 price is set at ₹55 per share per equity share.

The eligible shareholders are being offered 5 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date (October 11, 2024).

The record date for the Ushanti Colour Chem Rights Issue 2024 is October 11, 2024.

The issue size of Ushanti Colour Chem Rights Issue 2024 is of 535,085 equity shares at ₹55 per share aggregating upto ₹2.94 Crores.

The Letter of Offer for Ushanti Colour Chem Rights Issue 2024 can be download here.

You can apply for Ushanti Colour Chem Rights Issue 2024 in two ways:

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

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

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