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 shares | 11 May 2023 |
| Record Date | 12 May 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 25 May 2023 |
| Renunciation of Rights Entitlements | 02 June 2023 |
| Bid/Offer Closes On | 08 June 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Godha Cabcon & Insulation Rights Issue Details
| Issue Open | May 25, 2023 – Jun 8, 2023 |
| Security Name | Godha 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 At | NSE |
| Terms of Payment | The entire amount of the Issue Price of ₹ 1/- (Rupee One Only) per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 38.57 | 52.62 | 0.22 | 0.00 | 0.00 |
| 31-Mar-21 | 32.74 | 33.01 | -0.38 | 24.36 | 7.36 |
| 31-Mar-22 | 29.49 | 36.01 | 0.82 | 25.18 | 4.10 |
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
Website: http://www.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
