Nakoda Group Of Industries Ltd Right Issue

₹12.73 Cr BSE, NSE 13 Jun 2024 – 28 Jun 2024

Closed Ratio: 4 : 10 BSE, NSE
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Issue Price
₹25.00
Face Value
₹10.00
Issue Size (Shares)
5,090,056
Issue Size (₹ Cr.)
₹12.73
📅 Right Issue Timetable
Last Date to Buy SharesWed, May 29, 2024
Record DateThu, May 30, 2024
Credit of Rights EntitlementsMon, Jun 10, 2024
Bid/Offer Opens OnThu, Jun 13, 2024
Issue Open DateThu, Jun 13, 2024
Renunciation Last DateMon, Jun 24, 2024
Bid/Offer Closes OnFri, Jun 28, 2024
Issue Close DateFri, Jun 28, 2024
Deemed Date of AllotmentFri, Jul 5, 2024
Credit DateWed, Jul 10, 2024
Listing DateMon, Jul 15, 2024
📋 Right Issue Details
Issue Size (Shares)5,090,056
Issue Size (Amount)₹12.73 Cr.
Issue Price₹25.00 per share
Face Value₹10.00 per share
Entitlement Ratio4 : 10
Listing AtBSE, NSE
Terms of PaymentRs 6.25 on application. Rs 18.75 in one or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income47.1354.6759.98
EBITDA
Net Worth
Reserves & Surplus1.74

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by us from banks and financial institutions;
2To meet General corporate purposes; and
🏢 About the Company
Founded in 1989, Nakoda Group of Industries Limited manufactures healthy and natural products based on dried fruits.

Nakoda Group of Industries manufactures Tutti Fruity (diced chicory), also called "papaya jam", Karonda cherries (Indian cherries), sweet lime peels, sliced orange peels, hulled sesame seeds, all kinds of jams, sauces, spices, chikkis (fruit bars), pickles, papads, canned vegetables and frozen fruits and vegetables.

The company has three manufacturing units in Nagpur, namely Navkar Processors, Nakoda Fruit Products Pvt. Ltd. and Parshva Food International. Navkar Processors deals in Tutti Fruity, cherries, jams and peels, while Nakoda Fruit Products Pvt. Ltd. offers all kinds of papads, pickles, chikkis (fruit bars), spices etc. and Parshva Food International manufactures canned fruits and vegetables, mango and guava pulp, frozen peas, frozen vegetables, dried vegetables, etc. Each unit has a production capacity of 8 to 10 million tonnes per day.

The Nakoda Group has around 80% export-oriented, business and the rest is in the Indian domestic market. Its customers include ice-cream factories, bakeries, confectionery and namkeens factories, airlines, railroad catering and the Indian military. The company imports almonds in shell, pistachios, Iranian dates, Iranian saffron and spices from China, Vietnam and Indonesia and sells them both in the domestic market and to its sister companies, which process many other items through its import arm Parshvanath Overseas.
📞 Company Contact
CompanyNakoda Group Of Industries Ltd
AddressPlot No. 239, South Old Bagadganj,
Small Factory Area,
Nagpur - 440 008
Nagpur, Maharashtra, 440008
Phone+91 7122778824
Emailinfo@nakodas.com
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📝 Registrar
NameBigshare Services Pvt.Ltd
Phone8657578989/8069219065/8069219060
Emailrightsissue@bigshareonline.com
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