Texel Industries Limited Right Issue

₹12.49 Cr BSE 31 Aug 2021 – 14 Sep 2021

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Issue Price
₹40.00
Face Value
₹10.00
Issue Size (Shares)
3,122,398
Issue Size (₹ Cr.)
₹12.49
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateTue, Aug 17, 2021
Credit of Rights EntitlementsMon, Aug 30, 2021
Bid/Offer Opens OnTue, Aug 31, 2021
Issue Open DateTue, Aug 31, 2021
Renunciation Last DateWed, Sep 8, 2021
Bid/Offer Closes OnTue, Sep 14, 2021
Issue Close DateTue, Sep 14, 2021
Deemed Date of AllotmentTue, Sep 21, 2021
Credit DateWed, Sep 22, 2021
Listing DateFri, Sep 24, 2021
📋 Right Issue Details
Issue Size (Shares)3,122,398
Issue Size (Amount)₹12.49 Cr.
Issue Price₹40.00 per share
Face Value₹10.00 per share
Entitlement Ratio
Listing AtBSE
Terms of PaymentOn Application, Investors will have to pay Rs.20 per Rights Equity Share (50% of the Issue Price). The balance of Rs.20 per Rights Equity Share (50% of the Issue Price) will have to be paid in the first and final call at such time as may be determined by the Company Board at its sole discretion.
📊 Company Financials (Restated)
Period Ended2021-03-312020-03-31FY I
Income8,306.989,552.95
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Setting up new manufacturing facility at Kheda, Gujarat (Proposed Expansion)
2General Corporate Purposes.
🏢 About the Company
Incorporated in 1989, Texel Industries manufactures a wide range of geosynthetic textile products which includes tarpaulins, geomembranes, vermibed, geotank, geotube, grow bags azollabed, and waterproof membrane. The company's products serve industries such as aquaculture, horticulture, animal husbandry, civil engineering, water harvesting, water conservation and disaster relief, landscaping, transportation, and waste management.

Texel is an ISO 9001:2015 certified company with a manufacturing facility in Gujarat. Presently the company has a manufacturing capacity of 9,000 MT per annum in Gandhinagar, Gujarat, and is looking to increase its capacity to 10,080 MT per annum by setting up a new manufacturing facility at Kheda district of Gujarat. Company's products are also sold to farmers through government tenders and they market their products online
📞 Company Contact
CompanyTexel Industries Limited
AddressBlock No. 2106, Santej-Khatraj Road
Nr. Gayatri Farm House, Village - Santej
Taluka - Kalol (N.G), District - Gandhinagar- 3827
Gandhinagar, Gujarat
Phone+91 8980026220
Emailinfo@geotexelin.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd.
Phone022-49186000
Emailtexel.rights@linkintime.co.in
WebsiteVisit ↗