Nakoda Group of Industries Rights Issue will open for subscription from 18 September 2023. the company aims for an issue size of ₹6.36 Crores through this rights Issue.
About the company
Incorporated in 1989, Nakoda Group of Industries Limited produces dry fruit-based healthy and natural products. Nakoda Group of Industries manufacturers Tutti Fruity (Diced Chelory) also called “Papaya Preserve”, Karonda Cherries (Indian Cherries), Sweet lime peels, Orange Cut Peels, Sesame Seeds Hulled Auto dry, All Variety of Jams, Sauces, Spices, Chikkis (Fruity Bars), Pickles, Papads, Canned Vegetables, and Frozen Fruits & 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 whereas Nakoda Fruit Products Pvt. Ltd. Deals in all varieties of papads, pickles, Chikkis (Fruit Bars), Spices, etc. and Parshva Food International deals in Canned Fruits & vegetables, Mango & Guava Pulps, Frozen Peas, Frozen Vegetables, Dehydrated vegetables etc. Each unit has a production capacity of 8 to 10 MT. per day.
Nakoda Group has around 80% export-oriented business and the rest is in the domestic market of India. Its clientele comes from Ice cream factories, Bakeries, Sweets & chicken factories, Airline Companies, Railway Catering & Indian Military. The company imports Almond In shell, Pistachios, Irani Dates, Irani Saffron, and Spices from china, Vietnam & Indonesia and sells in the domestic market as well as to its sister concerns for processing many other items through its imports business arm Parshvanath Overseas.
Objectives of the Issue
- To part finance the working capital requirement of the company.
- To meet General corporate purposes.
- To meet the expenses of the Issue.
Nakoda Group of Industries Rights Issue Timetable
| Last Date to buy shares | 04 September 2023 |
| Record Date | 05 September 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 18 September 2023 |
| Renunciation of Rights Entitlements | 22 September 2023 |
| Bid/Offer Closes On | 27 September 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Nakoda Group of Industries Rights Issue Details
| Issue Open | September 18, 2023 – September 27, 2023 |
| Security Name | Nakoda Group of Industries Limited |
| Issue Size (Shares) | 1,590,642 |
| Issue Size (Amount) | ₹6.36 Crores |
| Issue Price | ₹40 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Full amount of Rs. 40.00 per Equity Share is payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 7 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 |
| Assets | 37.88 | 38.36 | 40.41 | 41.55 |
| Revenue | 52.01 | 25.60 | 30.88 | 59.98 |
| Profit After Tax | 0.88 | 0.03 | 1.32 | 1.74 |
| Net Worth | ||||
| Reserves and Surplus | 7.01 | 7.04 | 3.95 | 1.74 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Contact Information
Nakoda Group of Industries Limited
Plot No. 239, South Old Bagadganj,
Small Factory Area,
Nagpur 440 008
Phone: +91 7122778824
Email: info@nakodas.com
Website: https://nakodas.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
