Right Issue — Indian Capital Markets

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Issue Price

₹1.00

Face Value

₹1.00

Issue Size (Shares)

487,480,500

Issue Size (₹ Cr.)

₹48.75

📅 Right Issue Timetable

Last Date to Buy Shares	Thu, Aug 22, 2024
Record Date	Fri, Aug 23, 2024
Credit of Rights Entitlements	Wed, Sep 4, 2024
Bid/Offer Opens On	Mon, Sep 9, 2024
Issue Open Date	Mon, Sep 9, 2024
Renunciation Last Date	Tue, Sep 24, 2024
Bid/Offer Closes On	Mon, Sep 30, 2024
Issue Close Date	Mon, Sep 30, 2024
Deemed Date of Allotment	Wed, Oct 9, 2024
Credit Date	Mon, Oct 14, 2024
Listing Date	Tue, Oct 15, 2024

📋 Right Issue Details

Issue Size (Shares)	487,480,500
Issue Size (Amount)	₹48.75 Cr.
Issue Price	₹1.00 per share
Face Value	₹1.00 per share
Entitlement Ratio	13 : 8
Listing At	BSE, NSE
Terms of Payment	The entire amount of the Issue Price of Re. 1 per Rights Equity Share shall be payable at the time of Application.

📊 Company Financials (Restated)

Period Ended	2024-03-31	2023-03-31	2022-03-31
Income	177.91	137.92	175.57
EBITDA	—	—	—
Net Worth	43.88	40.64	43.23
Reserves & Surplus	13.88	15.64	18.23

Amount in ₹ Crore

🏢 About the Company

Founded in 2013, Akshar Spintex Limited is active in the production of cotton yarn.

The company manufactures 100% cotton yarn which includes combed, semi-combed, and carded yarn. The company's manufacturing facility is located at Kalavad in Jamnagar district in the state of Gujarat and is spread over an area of 1,83,437 sq. ft. which is close to the rich cotton-growing areas of Gujarat. The company has installed a total capacity of 24,480 spindles.

The company's product range includes:

Fibers: 100% natural cotton (Sankar -6), 100% natural cotton (MCU-5), 100% natural cotton (MECH-1), 100% BCI certified cotton, 100% organically certified cotton, 100% viscose, 100% modal and 100% excel
Yarns: 100% carded cotton yarn (16 to 44 thread count), 100% semi-combed cotton yarn (16 to 44 thread count), 100% combed cotton yarn (16 to 44 thread count), slub yarn, core-spun yarn, TFO yarn, Eli Twist yarn, fancy yarn, melange yarn, blended yarn, BCI-certified yarn, and organic yarn
As of March 31, 2024, the company had 204 employees.

📞 Company Contact

Company	Akshar Spintex Ltd
Address	Revenue Survey No.102/2 Paiki, Plot No. - 2 Village: Haripar, Ranuja Road. Tal: Kalavad. Jamnagar - 361013 Jamnagar, Gujarat, 361013
Phone	917574887015
Email	cs@aksharspintex.in
Website	Visit ↗

📝 Registrar

Name	Bigshare Services Pvt.Ltd
Phone	8657578989/8069219065/8069219060
Email	rightsissue@bigshareonline.com
Website	Visit ↗

Akshar Spintex Ltd Right Issue