Nagreeka Exports Ltd Right Issue

₹37.50 Cr BSE, NSE 12 Feb 2024 – 23 Feb 2024

Closed Ratio: 3 : 2 BSE, NSE
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Issue Price
₹20.00
Face Value
₹5.00
Issue Size (Shares)
18,749,550
Issue Size (₹ Cr.)
₹37.50
📅 Right Issue Timetable
Last Date to Buy SharesMon, Jan 29, 2024
Record DateTue, Jan 30, 2024
Credit of Rights Entitlements
Bid/Offer Opens OnMon, Feb 12, 2024
Issue Open DateMon, Feb 12, 2024
Renunciation Last DateMon, Feb 19, 2024
Bid/Offer Closes OnFri, Feb 23, 2024
Issue Close DateFri, Feb 23, 2024
Deemed Date of AllotmentTue, Mar 5, 2024
Credit DateThu, Mar 14, 2024
Listing DateTue, Mar 19, 2024
📋 Right Issue Details
Issue Size (Shares)18,749,550
Issue Size (Amount)₹37.50 Cr.
Issue Price₹20.00 per share
Face Value₹5.00 per share
Entitlement Ratio3 : 2
Listing AtBSE, NSE
Terms of PaymentThe full amount of the Issue Price being Rs.20/- will be payable on application.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-312021-03-31
Income390.79552.65385.32
EBITDA
Net Worth111.05109.12
Reserves & Surplus103.91100.8894.68

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment of borrowings availed in the form of unsecured loans from our Promoters, Sushil Patwari and Sunil Ishwarlal Patwari;
2Redemption of outstanding cumulative non-convertible redeemable preference shares held by the Promoter, Sushil Patwari;
3Funding capital expenditure of the company; and
4General corporate purposes.
🏢 About the Company
Incorporated in 1989, Nagreeka Exports Limited produces and exports yarns, fabrics and textiles.

The company's product portfolio includes:

100% cotton yarns: combed, carded, open end, TFO doubled, compact yarns
Specialty yarns: organic yarns, slub yarns, organic slub yarns, regular and reverse twist yarns, core spun yarns, chenille yarns, dyed / gassed / mercerized yarns, high twist yarns, viscose yarns - O.E./ringspun, polyester spun yarns, poly viscose blends, polyester-cotton blends and viscose-cotton blends.
Fabrics and textiles: These include raw, printed and finished fabrics based on cotton or cellulose. They are available in the weights rib, jersey, interlock, fleece, pique or polo.
The company's production facility is located in Kolhapur, India, with spinning units of over 150,000 spindles.
📞 Company Contact
CompanyNagreeka Exports Ltd
Address7, Kala Bhawan,
3, Mathew Road,
Mumbai - 400004
Mumbai, Maharashtra, 400004
Phone+91-22-61447500,
Emailinfo@nagreeka.com
WebsiteVisit ↗
📝 Registrar
NameMaheshwari Datamatics Pvt.Ltd
Phone033-22435029/22482248
Emailmdpldc@yahoo.com
WebsiteVisit ↗