Godha Cabcon & Insulation Rights Issue

Godha Cabcon & Insulation Rights Issue will open for subscription from 25 May 2023. the company aims for an issue size of ₹44.42 Crores through this rights Issue.

About the company

Incorporated in 2016, Godha Cabcon And Insulation Limited manufacture ACSR Conductor wire and AAAC Conductor. The company has a manufacturing unit located in the Industrial Area, Sanwer Road, Indore(M.P.). It has also established a manufacturing facility for XLP Coated wire, a recent innovation in the wire sector. Godha Cabcon And Insulation supply its products to the State Electricity Boards of Jabalpur, Bhopal, and Indore. It is also currently in discussions to become an approved vendor with other state electricity boards (such as Gujarat, Punjab, and Haryana). The company’s product range includes A B Cable, AAC Conductor, AAAC Conductor, DPC wire, XLP coated wire, and ACSR conductor wire.

Objectives of the Issue

  • Working capital requirements,
  • General corporate purposes,
  • and Issue expenses.

Godha Cabcon & Insulation Rights Issue Timetable

Last Date to buy shares11 May 2023
Record Date12 May 2023
Credit of Rights Entitlements
Bid/Offer Opens On25 May 2023
Renunciation of Rights Entitlements02 June 2023
Bid/Offer Closes On08 June 2023
Deemed Date of Allotment
Credit Date
Listing Date

Godha Cabcon & Insulation Rights Issue Details

Issue OpenMay 25, 2023 – Jun 8, 2023
Security NameGodha Cabcon & Insulation Limited
Issue Size (Shares)444,160,000
Issue Size (Amount)₹44.42 Crores
Issue Price₹1 per share
Face Value₹1 per share
Listing AtNSE
Terms of PaymentThe entire amount of the Issue Price of ₹ 1/- (Rupee One Only) per Rights Equity Share shall be payable at the time of Application.
Entitlement2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Ankit Consultancy Private Limited
Phone: 0731 – 491 298 / 492 698
Email: compliance@ankitonline.com

Company Contact Information

Godha Cabcon & Insulation Limited
36-D, Sector-B,
Sanwer Road,
Industrial Area, Indore – 452006

Phone: +91 737 – 402950
Email: Info@godhacabcon.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

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