Dhyaani Tradeventtures Rights Issue will open for subscription from 05 September 2024. the company aims for an issue size of ₹29.37 Crores through this rights Issue.
About the company
Founded in 2014, Dhyaani Tradeventtures is in the business of trading of commodities, vitrified tiles, ceramic items, security investment, and trading. The company has its warehouse and physical store in Ahmedabad where its tile products are traded. The company sells tiles and marbles for any requirement in a home viz. floor and wall tiles, bathroom tiles, mosaics and borders, kitchen and outdoor, stairwells and balconies.
Dhyaani Tradeventtures’s products are divided into 2 categories viz. Double Charge Vitrified Tiles, and Glazed Vitrified Tiles are further sub-categorized as Ceramic tiles, Porcelain tiles, Glass tiles, Marble tiles, Granite tiles, Stone tiles, Rustic tiles, Polished tiles, Polished glazed tiles, Textured tiles, etc. The company intends to build a standard business whose products will be supplied all over India’s top cities. As of July 2024, the company has 6 employees.
Objectives of the Issue
- To augment the existing and incremental working capital requirement of the company; and
- General Corporate Purposes
Dhyaani Tradeventtures Rights Issue Timetable
| Last Date to buy shares | 22 August 2024 |
| Record Date | 23 August 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 05 September 2024 |
| Renunciation of Rights Entitlements | 06 September 2024 |
| Bid/Offer Closes On | 13 September 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Dhyaani Tradeventtures Rights Issue Details
| Issue Open | September 5, 2024 – September 13, 2024 |
| Security Name | Dhyaani Tradeventtures Limited |
| Issue Size (Shares) | 12,768,000 |
| Issue Size (Amount) | ₹29.37 Crores |
| Issue Price | ₹23 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of the Issue Price of Rs 23/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Dhyaani Tradeventtures Issue Calculation
| Dhyaani Tradeventtures Issue Price | ₹ 23 per share |
| Market Price on Rights Issue Approval | ₹ 22.98 per share |
| Dilution Factor (X) | 4 |
| Fair Value After Dilution at Prevailing Price | ₹ 23 per share |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 20.26 | 9.23 | 29.67 |
| Expenses | 20.77 | 9.49 | 28.79 |
| Operating Margin (%) | 5.12 | (0.54) | 4.08 |
| Net Income | 0.77 | (0.08) | 0.69 |
| ROCE (%) | 92.38 | (2.25) | 21.90 |
Dhyaani Tradeventtures Rights Issue Documents
Lead Manager(s)
Dhyaani Tradeventtures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: dhyaani.ipo@kfintech.com
Website: www.kfintech.com
Company Contact Information
DHYAANI TRADEVENTTURES LIMITED
420, Times Square Arcade,
Nr. Baghban Party Plot, Thaltej,
Ahmedabad-380058, Gujarat
Phone: 079-41005865
Email: cs@dhyaaniinc.com
Website: www.dhyaaniinc.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
