Anjani Portland Cement Rights Issue will open for subscription from 30 December 2022. the company aims for an issue size of ₹250 Crores through this rights Issue.
Anjani Portland Cement Limited
APC Limited is engaged in the business of cement manufacturing. The company is part of the Chettinad group which is one of the prominent business houses in South India. The company operates two production lines in a Cement Plant with an installed production capacity of 11,60,000 MT per annum. Line 1 was set up in 1999 and comprises of a five-stage pre-heater and pre-calciner and has an installed production capacity of 4,00,000 MT per annum Line 2 was set up in 2010 and comprises a five-stage pre-heater and pre-calciner and has an installed production capacity of 7,60,000 MT per annum. The Company manufactures Ordinary Portland Cement (“OPC”), Portland Pozzolana Cement (“PPC”), and Composite Cement (“CC”).
Objectives of the Issue
- Part repayment and/or prepayment of Inter-Corporate Deposits availed by the Company from the Promoters.
- Issue-related expenses.
Anjani Portland Cement Rights Issue Timetable
| Record Date | 16 December 2022 |
| Credit of Rights Entitlements | 26 December 2022 |
| Bid/Offer Opens On | 30 December 2022 |
| Renunciation of Rights Entitlements | 13 January 2023 |
| Bid/Offer Closes On | 19 January 2023 |
| Deemed Date of Allotment | 25 January 2023 |
| Credit Date | 27 January 2023 |
| Listing Date | 01 February 2023 |
Anjani Portland Cement Rights Issue Details
| Issue Open | Dec 30, 2022 – Jan 19, 2023 |
| Security Name | Anjani Portland Cement Limited |
| Issue Size (Shares) | 12,642,848 |
| Issue Size (Amount) | ₹250.00 Crores |
| Issue Price | ₹197 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | |
| Entitlement | 1 Equity Shares for every 2 Equity Shares held on the Record Date |
Company Financials
| Particulars | For the year/period ended (Rs.in Lakhs) |
|---|---|
| 31-Mar-22 | |
| Total Assets | 111,660 |
| Total Income | 80,436 |
| Profit After Tax | 4,199 |
Rights Issue Lead Manager(s)
- Saffron Capital Advisors Private Limited
Anjani Portland Cement Rights Issue Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: murali.m@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Anjani Portland Cement Limited
6-3-553, Unit No. E3 & E4,
4th Floor, Quena Square Off. Taj Deccan Road,
Erramanzil, Hyderabad – 500 082,
Phone: + 91 40 2335 3096/ 3106
Email: secretarial@anjanicement.com
Website: http://www.anjanicement.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
