Sumeet Industries Ltd Right Issue

₹199.75 Cr BSE, NSE 22 Jun 2026 – 20 Jul 2026

Closed Ratio: 8 : 25 BSE, NSE
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Issue Price
₹11.86
Face Value
₹2.00
Issue Size (Shares)
168,424,218
Issue Size (₹ Cr.)
₹199.75
📅 Right Issue Timetable
Last Date to Buy SharesThu, Jun 11, 2026
Record DateFri, Jun 12, 2026
Credit of Rights EntitlementsTue, Jun 16, 2026
Bid/Offer Opens OnMon, Jun 22, 2026
Issue Open DateMon, Jun 22, 2026
Renunciation Last DateWed, Jul 15, 2026
Bid/Offer Closes OnMon, Jul 20, 2026
Issue Close DateMon, Jul 20, 2026
Deemed Date of AllotmentTue, Jul 21, 2026
Credit DateWed, Jul 22, 2026
Listing DateWed, Jul 22, 2026
📋 Right Issue Details
Issue Size (Shares)168,424,218
Issue Size (Amount)₹199.75 Cr.
Issue Price₹11.86 per share
Face Value₹2.00 per share
Entitlement Ratio8 : 25
Listing AtBSE, NSE
Terms of Payment₹11.86 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2026-03-312025-03-312024-03-31
Income1,050.421,003.37984.86
EBITDA
Net Worth211.89185.21176.69
Reserves & Surplus78.6251.94-280.33

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1To invest in setting up of Solar Power Plant₹22.00
2Repayment and/or prepayment, in full or part, of all or a portion of certain outstanding borrowings availed by the Company, including the interest accrued thereon.₹23.00
3To meet Working Capital Requirements₹100.00
4General Corporate Purposes₹49.90
5Estimated Issue related expenses₹4.85
Total₹199.75
🏢 About the Company
Incorporated in August 1988, Sumeet Industries Limited is an integrated polyester yarn manufacturer engaged in the production of PET Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), Polyester Textured Yarn (PTY), and other textile products. The company operates a large-scale manufacturing facility in Surat, Gujarat, with integrated operations covering polymerization, spinning, texturizing, and recycling.

The company serves the textile and apparel industry across India, offering a diversified portfolio of polyester-based products used in weaving, knitting, sizing, and fabric manufacturing applications. Its production capacities include 100,800 TPA of CP Plant, 52,500 TPA of POY, 45,500 TPA of FDY, 5,400 TPA of texturized yarn, and 2,700 TPA of recycled chips.

As of April 2026, Sumeet Industries employed 618 employees and workers, supported by around 314 contract labourers. The company focuses on operational efficiency, backward integration, recycling initiatives, and technology-driven manufacturing to strengthen its position in the polyester yarn industry.

Strengths

Integrated polyester manufacturing operations
Large production capacities and modern technology
Strong cost efficiency and operational excellence
Established customer relationships
Strategic location in Surat textile hub
Focus on value-added yarn products and expansion initiatives
📞 Company Contact
CompanySumeet Industries Ltd
Address504, Trividh Chambers
5th Floor, Opp. Fire Brigade Station
Ring Road
Surat, 395002
Phone02612328902
Emailcorporate@sumeetindustries.com
WebsiteVisit ↗
📝 Registrar
NameBigshare Services Pvt.Ltd
Phone8657578989/8069219065/8069219060
Emailinvestor@bigshareonline.com
WebsiteVisit ↗