Debock Industries Rights Issue will open for subscription from 13 June 2023. the company aims for an issue size of ₹49.14 Crores through this rights Issue.
About the company
Incorporated in 2008, Debock Industries Limited previously known as Debock Sales and Marketing Private Limited manufactures agricultural equipment. The company manufactures and supplies Tractor Trolley, Agricultural Thresher, Mould Board Ploughs, Mounted Disc Ploughs, Tillers, Tanker, Combine Machine, Seed Drill Machine, Mounted Disc Harrows, Tractor Cultivators, Chaff Cutters, etc. Debock Industries’ business operations are all spread in and around Jaipur. They have manufacturing facilities located at Panwad Mod, NH-12, Gopipura Post, Deoli, Tonk Rajasthan.
The company also ventured into the hospitality services industry in July 2015 by building two mid-scale hotels:
- Hotel Debcok Inn, situated at Deoli in the Tonk District of Rajasthan, and
- Debock Resort on NH 12 (Kota – Jaipur).
They lease their hotel assets for a period ranging from 5 to 10 years. The company recorded a total revenue of Rs. 9,741.03 lacs on March 31, 2022, and Rs. 3,077.98 lacs on March 31, 2021.
Objectives of the Issue
- Meeting incremental working capital requirements,
- General corporate purposes.
Debock Industries Rights Issue Timetable
| Last Date to buy shares | 31 May 2023 |
| Record Date | 01 June 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 13 June 2023 |
| Renunciation of Rights Entitlements | 21 June 2023 |
| Bid/Offer Closes On | 27 June 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Debock Industries Rights Issue Details
| Issue Open | Jun 13, 2023 – Jun 27, 2023 |
| Security Name | Debock Industries Limited |
| Issue Size (Shares) | 32,760,000 |
| Issue Size (Amount) | ₹49.14 Crores |
| Issue Price | ₹15 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | |
| Entitlement | 3 Rights Equity Share(s) for every 7 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 65.13 | 18.70 | 0.79 | 23.33 | 15.11 | 12.52 |
| 31-Mar-21 | 54.31 | 30.78 | 2.12 | 25.45 | 17.24 | 21.24 |
| 31-Mar-22 | 91.14 | 97.41 | 6.73 | 69.68 | 27.71 | 14.62 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Debock Industries Limited
51, Lohiya Colony,
200ft Bye Pass,
Vaishali Nagar Jaipur-302021
Phone: +91 0141-2358654
Email: info@debockgroup.com
Website: http://www.debockgroup.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
