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Founded in 1980, Vardhman Polytex Limited, an Oswal Group company, manufactures cotton and blended yarn.
Vardhman Polytex has production facilities located in Ludhiana and Nalagarh, India. The Company's principal activity is the manufacturing of yarn & garments. Its product range includes yarns and garments. It generates the majority of the revenue from the Textile Business.
The company's yarn portfolio includes cotton (carded, combed, organic, BCI, and SUPIMA), cotton-polyester blends, and value-added yarn (grey) in various counts. Using the best raw materials and state-of-the-art technology, each yarn meets the highest global standards and underlines our commitment to excellence in yarn manufacturing.
| Issue Open | September 12, 2024 - September 27, 2024 |
| Security Name | Vardhman Polytex Ltd. |
| Issue Size (Shares) | 83,059,434 |
| Issue Size (Amount) | ₹49.84 Crores |
| Issue Price | ₹6 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of the Issue Price of Rs 6/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 7 Rights Equity Share(s) for every 23 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | August 27, 2024 |
| Record Date | August 28, 2024 |
| Credit of Rights Entitlements | September 11, 2024 |
| Bid/Offer Opens On | September 12, 2024 |
| Renunciation of Rights Entitlements | September 24, 2024 |
| Bid/Offer Closes On | September 27, 2024 |
| Deemed Date of Allotment | October 8, 2024 |
| Credit Date | October 10, 2024 |
| Listing Date | October 11, 2024 |
Vardhman Polytex Ltd.'s revenue decreased by -36% and profit after tax (PAT) dropped by -1894% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 275.6 | 291.41 | ||||||||||||||||||
| Revenue | 399.61 | 621.67 | ||||||||||||||||||
| Profit After Tax | -26.76 | 1.49 | ||||||||||||||||||
| Net Worth | -361.04 | -362.31 | ||||||||||||||||||
| Reserves and Surplus | -394.32 | -382.81 | ||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||
The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses for the following objects:
Vardhman Polytex Rights Issue 2024 got oversubscribed by 1.65 times by the end of the bidding period with total bid quantity received by BSE and NSE of 137,408,562 shares.
5 3.6 Rating:  Vote Here ... |
Vardhman Polytex Ltd.
Vardhman Park,
Chandigarh Road,
Ludhiana - 141123
Phone: 911616629888
Email: info@vpl.in
Website: http://www.vpl.in/
Alankit Assignments Ltd
Phone: (011) 4254 1234
Email: vplrights@alankit.com
Website: http://ipo.alankit.com/
The Vardhman Polytex Rights Issue 2024 opens on September 12, 2024, and closes on September 27, 2024.
Vardhman Polytex Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | September 11, 2024 |
| Last Date for renunciation of Rights Entitlements | September 24, 2024 |
| Issue Opening Date | September 12, 2024 |
| Issue Closing Date | September 27, 2024 |
| Date of Allotment (on or about) | October 8, 2024 |
| Date of Credit (on or about) | October 10, 2024 |
| Date of Listing (on or about) | October 11, 2024 |
Vardhman Polytex Rights Issue 2024 price is set at ₹6 per share per equity share.
The eligible shareholders are being offered 7 Rights Equity Share(s) for every 23 fully paid-up Equity Shares held on Record Date (August 28, 2024).
The record date for the Vardhman Polytex Rights Issue 2024 is August 28, 2024.
The issue size of Vardhman Polytex Rights Issue 2024 is of 83,059,434 equity shares at ₹6 per share aggregating upto ₹49.84 Crores.
The Letter of Offer for Vardhman Polytex Rights Issue 2024 can be download here.
You can apply for Vardhman Polytex Rights Issue 2024 in two ways:
Steps to apply for Vardhman Polytex 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 Vardhman Polytex Rights Issue 2024 using Registrar's website (R-WAP)
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