Integra Essentia Rights Issue will open for subscription from 11 June 2024. the company aims for an issue size of ₹49.93 Crores through this rights Issue.
About the company
Integra Essentia manufactures and sells clothing and textile products and specializes in trading agricultural produce, essentials, basic human needs, organic and natural products, processed food and other essentials, energy, and infrastructure products. As of 15 February 2023, the company acquired the winery’s holdings for INR 40 crore as part of its predefined long-term business growth strategy. The state-of-the-art processing facility is spread over an area of 4500 square meters. It is equipped with state-of-the-art equipment from Japan and the U.S. Its installed capacity allows for processing 21,000 tonnes of export-quality rice per year.
Objectives of the Issue
- To meet the working capital requirements of the company.
- General Corporate Purposes.
Integra Essentia Rights Issue Timetable
| Last Date to buy shares | 31 May 2024 |
| Record Date | 01 June 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 11 June 2024 |
| Renunciation of Rights Entitlements | 20 June 2024 |
| Bid/Offer Closes On | 25 June 2024 |
| Deemed Date of Allotment | 29 June 2024 |
| Credit Date | 02 July 2024 |
| Listing Date | 05 July 2024 |
Integra Essentia Rights Issue Details
| Issue Open | June 11, 2024 – June 25, 2024 |
| Security Name | Integra Essentia Limited |
| Issue Size (Shares) | 153,624,538 |
| Issue Size (Amount) | ₹49.93 Crores |
| Issue Price | ₹3.25 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | As per Terms of Payment : Issue Price – Fully payable on Application |
| Entitlement | 20 Rights Equity Share(s) for every 119 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 68.53 | 241.41 | 277.27 |
| Expenses | 67.52 | 238.33 | 272.94 |
| Operating Margin (%) | 1.66 | 2.99 | 8.38 |
| Net Income | 1.09 | 6.60 | 15.38 |
| ROCE (%) | – | 14 | – |
Rights Issue Documents
Lead Manager(s)
FAST TRACK FINSEC PRIVATE LIMITED
Office No. V-116,1stFloor, New Delhi House,
27, Barakhamba Road, New Delhi -110001
Phone: +91-11-43029809
Email: mb@ftfinsec.com
Website: www.ftfinsec.com
Rights Issue Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi-110020
Phone: 011-40450193/97
Email: admin@skylinerta.com
Website: www.skylinerta.com
Company Contact Information
INTEGRA ESSENTIA LIMITED
607, 6th Floor, Pearls Best Height -II,
Netaji Subhash Place, Delhi, India – 110034
Phone: +91 80762 00456, 76692253-10/11
Email: csigl2021@gmail.com/ cs@integraessentia.com
Website: www.integraessentia.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
