Kesoram Industries Limited Right Issue

₹400.00 Cr BSE, NSE 27 Sep 2021 – 11 Oct 2021

Closed BSE, NSE
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Issue Price
₹50.00
Face Value
₹10.00
Issue Size (Shares)
79,999,665
Issue Size (₹ Cr.)
₹400.00
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateFri, Sep 17, 2021
Credit of Rights EntitlementsFri, Sep 24, 2021
Bid/Offer Opens OnMon, Sep 27, 2021
Issue Open DateMon, Sep 27, 2021
Renunciation Last DateWed, Oct 6, 2021
Bid/Offer Closes OnMon, Oct 11, 2021
Issue Close DateMon, Oct 11, 2021
Deemed Date of AllotmentThu, Oct 21, 2021
Credit DateFri, Oct 22, 2021
Listing DateThu, Oct 28, 2021
📋 Right Issue Details
Issue Size (Shares)79,999,665
Issue Size (Amount)₹400.00 Cr.
Issue Price₹50.00 per share
Face Value₹10.00 per share
Entitlement Ratio
Listing AtBSE, NSE
Terms of PaymentOn Application, the Investors will have to pay ₹25 per Rights Equity Share, and the balance ₹25 per Rights Equity Share will have to be paid as First and Final call – anytime within six months from the date of allotment of Rights Equity Shares, as may be decided by the Board at its sole discretion.
📊 Company Financials (Restated)
Period Ended2021-03-312020-03-31FY I
Income27,249.3026,859.80
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment or pre-payment of inter-corporate deposit (ICD) including interest thereon
2Scheduled part-redemption of Non- Convertible Debentures (NCDs)
3Redemption of Optionally Convertible Debentures (OCDs) in full/ NCDs in part;
4General corporate purposes.
🏢 About the Company
Incorporated in 1919, Kesoram Industries Limited is one of the oldest conglomerates in India and is a flagship company of the B.K Birla group. The company in recent years has concentrated primarily on the cement and rayon business. The company's cement business has been operating for over 51 years and has been catering to regional demands in India. The company has in total 2 cement manufacturing facilities, one each at Karnataka and Telangana. The company's cement is marketed under the brand name "Birla Shakti" and "Birla Shakti Cement Shakti+" and as of June 30, 2021, the production capacity of cement was 10.75 MMTPA.

The company also manufactures viscose rayon, filament yarn, and transparent paper through its subsidiary, Cygnet Industries Limited. The company's rayon and transparent paper plant are located at Hooghly, West Bengal. Rayon is marketed under the brand name "Kesoram Rayon", while the transparent paper is marketed under the brand name "Kesophane".

The cement and rayon (including transparent paper and chemicals) business operations contributed 91.04% and 8.96%, respectively, of the total revenues for the year ended March 31, 2021.
📞 Company Contact
CompanyKesoram Industries Limited
Address9/1 R.N. Mukherjee Road,
Kolkata 700 001,
West Bengal, India
Indi, Karnataka, 700001
Phone+91 33 2243 5453
Emailcorporate@kesoram.net
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailkesoram.rights@linkintime.co.in
WebsiteVisit ↗