Jaykay Enterprises Rights Issue will open for subscription from 27 August 2024. the company aims for an issue size of ₹146.14 Crores through this rights Issue.
About the company
The company is a part of the J K Organisation, a diversified conglomerate. Initially engaged in manufacturing nylon and acrylic fibers, Jaykay Enterprises (JKE) later expanded into Registrar and Share Transfer Agent activities. Presently, the company has diversified itself into various areas including Additive Manufacturing systems, Prototyping, powder metallurgy, large-scale Digital Manufacturing, Reverse Engineering, and Plant modeling.
In the defense and aerospace sectors, it specializes in engineering products across various industry verticals, software designing and development, and manufacturing of parts and accessories used in the defense and aerospace sectors. Its work includes composite applications, underwater mines, and machining for the aerospace sector.
The company has formed strategic alliances with global industry leaders, including EOS Singapore Pte Ltd from Germany, specializing in additive manufacturing, and Phillips Machine from the USA, known for its expertise in CNC technology.
Objectives of the Issue
- Investment in the Wholly Owned Subsidiary JK Defence & Aerospace Limited (“JK Defence”) to establish the manufacturing facility of defence-related products and repayment of loan taken by JK Defence.
- Investment in the Wholly Owned Subsidiary JK Digital & Advance Systems Private Limited (“JK Digital”) for the purchase of 3-D Printing machinery and establishment of a Center of Excellence in 3-D Printing.
- General Corporate Purposes.
Jaykay Enterprises Rights Issue Timetable
| Rights Issue Approval Date | 12 July 2024 |
| Rights Issue Record Date | 19 July 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 27 August 2024 |
| Last Date for Market Renunciation | 29 August 2024 |
| Rights Issue Closing Date | 4 September 2024 |
| Finalization of Basis of Allotment | 10 September 2024 |
| Rights Allotment Date | 10 September 2024 |
| Credit Date | 11 September 2024 |
| Listing Date | 13 September 2024 |
Jaykay Enterprises Rights Issue Details
| Issue Open | August 27, 2024 – September 4, 2024 |
| Security Name | Jaykay Enterprises Ltd. |
| Issue Size (Shares) | 58,457,688 |
| Issue Size (Amount) | ₹146.14 Crores |
| Issue Price | ₹25 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | Fully payable at the time of Application |
| Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 10.70 | 46.96 | 52.66 |
| Expenses | 11.96 | 44.96 | 49.24 |
| Operating Margin (%) | (11.78) | 4.26 | 6.49 |
| Net Income | 17.58 | 8.27 | 9.60 |
| ROCE (%) | 17.31 | 2.77 | – |
Jaykay Enterprises Rights Issue Documents
Lead Manager(s)
CORPORATE PROFESSIONALS CAPITAL PRIVATE LIMITED
D-28, South Extension,
Part I, New Delhi -110049, India
Phone: +91 011 4062 2230
Email: mb@indiacp.com
Website: www.corporateprofessionals.com
Jaykay Enterprises Registrar
ALANKIT ASSIGNMENTS LIMITED
Alankit House, 4E/2,
Jhandewalan Extension, New Delhi-110055
Phone: +91 11 4254 1966
Email: jaykayerights@alankitassignments.com
Website: www.alankit.com
Company Contact Information
JAYKAY ENTERPRISES LIMITED
Kamla Tower, Kanpur-208001, Uttar Pradesh, India
Phone: +91512-2371478
Email: cs@jaykayenterprises.com
Website: www.jaykayenterprises.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
