AKG EXIM Rights Issue will open for subscription from 29 December 2022. the company aims for an issue size of ₹25.42 Crores through this rights Issue.
AKG EXIM Limited
The company is an international commodity-trading house with trade operations in India and Asia. AKG Exim Ltd is a leading distributor, indenter, and intermediary for metal scrap, mineral, and chemicals products for Indian and global markets. The company is networked across the global continents and countries to span our growth of trading business in a diversified product portfolio classified primarily in the following categories:
Ferrous :
- Heavy Melting Steel Scrap As per ISRI, (HMS 1 & 2)
- Light Melting Scrap (Bundles, Lose )
- Cast Iron, Auto Purja
Non-Ferrous:
- Aluminum Scrap
- Lead Battery Scrap
Issue Timetable
| Record Date | 16 December 2022 |
| Credit of Rights Entitlements | – December 2022 |
| Bid/Offer Opens On | 29 December 2022 |
| Renunciation of Rights Entitlements | 19 January 2023 |
| Bid/Offer Closes On | 25 January 2023 |
| Deemed Date of Allotment | – January 2023 |
| Credit Date | – January 2023 |
| Listing Date | – January 2023 |
AKG EXIM Rights Issue 2022 Details
| Issue Open | Dec 29, 2022 – Jan 25, 2023 |
| Security Name | AKG EXIM Limited |
| Issue Size (Shares) | 21,184,384 |
| Issue Size (Amount) | ₹25.42 Crores |
| Issue Price | ₹12 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | The full payment of Rs. 12/- per Rights Equity Share is payable on application. |
| Entitlement | 2 Equity Shares for every 1 Equity share held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-21 | 35.6 | 104.58 | 1.36 | 9.21 |
| 31-Mar-22 | 44.99 | 186.8 | 1.94 | 12 |
Company Contact Information
AKG EXIM Limited
H.B. Twin Tower, 07th
Floor, Max Hospital Building,
Netaji Subhash Place, Pitampura, Delhi-110034
Phone: +91-124-4267873
Email: info@akg-global.com
Website: https://www.akg-global.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
