Jyoti Structures Rights Issue will open for subscription from 15 April 2024. the company aims for an issue size of ₹174.63 Crores through this rights Issue.
About the company
Incorporated in 1974, Jyoti Structures Limited provides Engineering, Procurement, and Construction (EPC) solutions for Power Transmission and Distribution networks. The Company offers end-to-end solutions and services, including inception, conceptualization, survey, design, engineering, testing, fabrication, supply, sourcing, mobilization, civil works, erection, and commissioning of Transmission lines, Substation, and Distribution networks per customer specifications. The company offers services such as design & Engineering, Transmission Tower manufacturing & testing, construction, and project management.
The company’s client base includes power transmission and distribution companies. The company has completed projects and exported products to clients in the USA, UK, Canada, France, South Africa, Bangladesh, Tanzania, Kenya, Kuwait, Rwanda, Tajikistan, UAE, Algeria, Philippines, and Georgia. it operates OHSAS 18001-certified facilities and adheres to all International Standards to ensure quality products and equipment production. The company operates ISO 9001 and ISO 1401.
Objectives of the Issue
- Payment of NCLT-approved resolution plan dues
- Meeting costs, expenses, charges, and other payment commitments/obligations, including margin requirements associated with financing to be raised from banks and financial institutions for the operations of the Company.
- General corporate purposes
Jyoti Structures Rights Issue Timetable
| Last Date to buy shares | 20 March 2024 |
| Record Date | 21 March 2024 |
| Credit of Rights Entitlements | 12 April 2024 |
| Bid/Offer Opens On | 15 April 2024 |
| Renunciation of Rights Entitlements | 24 April 2024 |
| Bid/Offer Closes On | 29 April 2024 |
| Deemed Date of Allotment | 06 May 2024 |
| Credit Date | 08 May 2024 |
| Listing Date | 10 May 2024 |
Jyoti Structures Rights Issue Details
| Issue Open | April 15, 2024 – April 29, 2024 |
| Security Name | Jyoti Structures Ltd. |
| Issue Size (Shares) | 116,420,710 |
| Issue Size (Amount) | ₹174.63 Crores |
| Issue Price | ₹15 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Issue Price of Rs.15/- payable on Application |
| Entitlement | 6 Rights Equity Share(s) for every 37 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,256.77 | 2,285.41 | 2,192.98 | 1,400.47 |
| Revenue | 270.01 | 231.07 | 5.44 | 0.15 |
| Profit After Tax | 13.70 | -4.07 | -34.21 | -1,767.14 |
| Net Worth | -28.96 | 22.62 | 151.88 | -11,369.98 |
| Reserves and Surplus | -223.36 | -188.98 | -65.34 | -11,461.38 |
| Total Borrowing | 1,859.41 | 1,803.30 | 1,691.00 | 4,806.09 |
Jyoti Structures Rights Issue Documents
Lead Manager(s)
- Arihant Capital Markets Ltd
Jyoti Structures Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Contact Information
Jyoti Structures Ltd.
6th Floor, Valecha Chambers
New Link Road,
Andheri (West), Mumbai-400 053
Phone: 022-40915000
Email: investors@jsl.co.in
Website: https://jyotistructures.in/
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
