Kshitij Polyline Rights Issue will open for subscription from 25 June 2024. the company aims for an issue size of ₹25.93 Crores through this rights Issue.
About the company
Kshitij Polyline and its executives have honed their skills in designing and innovating office stationery, calendars, diaries, and student study materials in various colors, designs, and applications. It has also assembled an in-house technical and design team to offer stationery solutions and implement new and innovative PP materials for calendars, diaries, and books, replacing traditional materials.
The company has successfully launched a wide product range, established goodwill for quality products, and has regular clients for laminated & PP sheets, Wiro, files, and folders. The company has developed and launched more than 125 product ranges in File, Folder & Diary under its brand in Indian Market. Their diverse product range caters to various consumer preferences and segments, primarily serving clients in the education, healthcare, hospitality, banking, insurance, and IT sectors.
Objectives of the Issue
- To Meet Working Capital Requirements
- General corporate purposes
- To meet Public Issue Expenses
Kshitij Polyline Rights Issue Timetable
| Last Date to buy shares | 14 June 2024 |
| Record Date | 18 June 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 25 June 2024 |
| Renunciation of Rights Entitlements | 03 July 2024 |
| Bid/Offer Closes On | 09 July 2024 |
| Deemed Date of Allotment | 16 July 2024 |
| Credit Date | 18 July 2024 |
| Listing Date | 22 July 2024 |
Kshitij Polyline Rights Issue Details
| Issue Open | June 25, 2024 – July 9, 2024 |
| Security Name | Kshitij Polyline Limited |
| Issue Size (Shares) | 40,521,875 |
| Issue Size (Amount) | ₹25.93 Crores |
| Issue Price | ₹6.4 per share |
| Face Value | ₹2 per share |
| Listing At | NSE |
| Terms of Payment | The full amount of the Issue Price is payable on Application. |
| Entitlement | 4 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 39.04 | 33.86 | 59.40 |
| Expenses | 35.28 | 30.56 | 60.49 |
| Operating Margin (%) | 9.36 | 9.75 | (1.84) |
| Net income | 0.42 | 0.45 | 1.61 |
| ROCE (%) | – | 6.09 | – |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: kpl.rights@kfintech.com
Website: www.kfintech.com
Company Contact Information
KSHITIJ POLYLINE LIMITED
417/418, Dimple Arcade, Near Sai Dham temple,
Thakur Complex, Kandivali (East), Mumbai – 400101
Phone: +91 22 4223 4100
Email: compliance@kshitijpolyline.co.in
Website: www.kshitijpolyline.co.in
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
