Jyoti Structures Rights Issue

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 shares20 March 2024
Record Date21 March 2024
Credit of Rights Entitlements12 April 2024
Bid/Offer Opens On15 April 2024
Renunciation of Rights Entitlements24 April 2024
Bid/Offer Closes On29 April 2024
Deemed Date of Allotment06 May 2024
Credit Date08 May 2024
Listing Date10 May 2024

Jyoti Structures Rights Issue Details

Issue OpenApril 15, 2024 – April 29, 2024
Security NameJyoti 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 AtBSE, NSE
Terms of PaymentIssue Price of Rs.15/- payable on Application
Entitlement6 Rights Equity Share(s) for every 37 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax13.70-4.07-34.21-1,767.14
Net Worth-28.9622.62151.88-11,369.98
Reserves and Surplus-223.36-188.98-65.34-11,461.38
Total Borrowing1,859.411,803.301,691.004,806.09
(Amount in ₹ Crore)

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

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

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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