Texmaco Rail & Engineering Limited Right Issue

₹164.51 Cr BSE, NSE 1 Nov 2021 – 15 Nov 2021

Closed BSE, NSE
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Issue Price
₹23.00
Face Value
₹1.00
Issue Size (Shares)
71,526,643
Issue Size (₹ Cr.)
₹164.51
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateFri, Oct 22, 2021
Credit of Rights EntitlementsFri, Oct 29, 2021
Bid/Offer Opens OnMon, Nov 1, 2021
Issue Open DateMon, Nov 1, 2021
Renunciation Last DateMon, Nov 8, 2021
Bid/Offer Closes OnMon, Nov 15, 2021
Issue Close DateMon, Nov 15, 2021
Deemed Date of AllotmentTue, Nov 23, 2021
Credit DateWed, Nov 24, 2021
Listing DateThu, Nov 25, 2021
📋 Right Issue Details
Issue Size (Shares)71,526,643
Issue Size (Amount)₹164.51 Cr.
Issue Price₹23.00 per share
Face Value₹1.00 per share
Entitlement Ratio
Listing AtBSE, NSE
Terms of PaymentThe full amount is payable on Application.
📊 Company Financials (Restated)
Period Ended2021-03-312020-03-31FY I
Income17,205.1318,590.56
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment or prepayment of Inter Corporate Deposit (ICD) and unsecured loans
2Funding working capital requirements of our Company; and
3. General corporate purposes
🏢 About the Company
Incorporated on April 1, 2010, Texmaco Rail & Engineering Limited is one of the few private sector companies engaged in signaling, rail telecommunication, and track constructions. The company is a leading player in the field of ballast less tracks for metro rail EPC. Major business divisons of the company are: (i) the heavy engineering division comprising of the manufacture and supply of wagons, hydro-mechanical equipment, and bridges and steel structures; (ii) the steel foundry division, and (iii) rail engineering procurement construction (EPC) division. It also executes EPC contracts for the execution of railway track, signaling and telecommunication projects on a turnkey basis.

Texmaco Rail & Engineering is a part of Adventz Group of companies, which is engaged in various sectors such as agribusiness, engineering, infrastructure, real estate, consumer durables, and services. Presently, the company has six manufacturing facilities located at Agarpara, Belgharia, Sodepur, and Panihati in West Bengal and Urla located in Chhattisgarh.

The company also has expanded internationally and has exported wagons and rolling stock to various countries. It is also one of the largest suppliers of steel castings in India, with an annual production capacity of 42,000 metric tonnes of steel castings. The company has expanded its business by entering into strategic collaborations with various multi-national companies having diverse experience in the rail industry.
📞 Company Contact
CompanyTexmaco Rail & Engineering Limited
AddressBelgharia, Kolkata – 700 056,
West Bengal, India
Phone+91-33-25691500
Emailravi.varma@texmaco.in
WebsiteVisit ↗
📝 Registrar
NameKfin Technologies Ltd
Phone040-79615565
Emailtexmaco.rights@kfintech.com
WebsiteVisit ↗