Nandani Creation Limited Right Issue

₹15.98 Cr NSE 12 Jul 2024 – 26 Jul 2024

Closed Ratio: 100 : 224 NSE
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Issue Price
₹30.00
Face Value
₹10.00
Issue Size (Shares)
5,327,656
Issue Size (₹ Cr.)
₹15.98
📅 Right Issue Timetable
Last Date to Buy SharesWed, Jul 3, 2024
Record DateThu, Jul 4, 2024
Credit of Rights EntitlementsThu, Jul 11, 2024
Bid/Offer Opens OnFri, Jul 12, 2024
Issue Open DateFri, Jul 12, 2024
Renunciation Last DateThu, Jul 18, 2024
Bid/Offer Closes OnFri, Jul 26, 2024
Issue Close DateFri, Jul 26, 2024
Deemed Date of AllotmentFri, Aug 2, 2024
Credit DateFri, Aug 2, 2024
Listing DateTue, Aug 6, 2024
📋 Right Issue Details
Issue Size (Shares)5,327,656
Issue Size (Amount)₹15.98 Cr.
Issue Price₹30.00 per share
Face Value₹10.00 per share
Entitlement Ratio100 : 224
Listing AtNSE
Terms of PaymentThe entire amount of the Issue Price of ₹30/- per Rights Equity Share shall be payable at the time of Application.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-31FY I
Income45.8549.54
EBITDA
Net Worth29.8729.00
Reserves & Surplus18.3817.56

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1To augment the existing and incremental working capital requirement of the company;
2Investment in our Subsidiary, Desi Fusion Private Limited (DFPL) for funding its Working Capital Requirement; and
3General corporate purposes.
🏢 About the Company
Founded in 2012, Nandani Creation Ltd. designs, manufactures, distributes and markets Indian clothing for women through several brands, namely its flagship brand 'Jaipur Kurti', its premium brand 'Amaiva- By Jaipur Kurti', 'Jaipur Kurti Luxe' and 'Desi Fusion'.

The company offers apparels in the categories of ethnic wear, fusion wear, bottom wear, loungewear and winter wear. The company's product portfolio includes Kurtis, Palazzo, Patiala Salwar Suits, Dupattas, Kurta Sets, Tops, Co-ord Sets, Suit Sets, Skirts, Jump Suits, Shirts, Jackets, Pants and Dresses.

The company offers its products through an India-wide multi-channel distribution network which includes its exclusive brand outlets (EBOs), its own D2C website www.jaipurkurti.com and its presence on all major e-commerce platforms like Myntra, Nykaa Fashion, Ajio, Tata Cliq, Amazon, Flipkart etc. The company has also recently started building a network of multi-brand outlets ("MBOs") by opening SIS outlets in various cities like Varanasi, Lucknow, Haridwar, Gorakhpur, Punjab, Shimla, Chandigarh, Jammu & Kashmir etc.

As on March 31, 2024, the company had 13 EBOs including 08 Company Owned and Company Operated (COCO) stores and 05 Franchisee Owned and Franchisee Operated (FOFO) stores across 8 states in India.

The company's manufacturing facility is located at Kartarpura Industrial Area, near 22 Godam, Jaipur, with an area of approximately 18,000 sq. ft. and a team of more than 130 employees.
📞 Company Contact
CompanyNandani Creation Limited
AddressG-13, Kartarpura Industrial Area,
Near 22 Godam,
Jaipur - 302006
Jaipur, Rajasthan, 302006
Phone+91 0141-4037596
Emailinfo@jaipurkurti.com
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📝 Registrar
NameBigshare Services Pvt.Ltd
Phone8657578989/8069219065/8069219060
Emailrightsissue@bigshargonline.com
WebsiteVisit ↗