Kshitij Polyline Rights Issue

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 shares14 June 2024
Record Date18 June 2024
Credit of Rights Entitlements
Bid/Offer Opens On25 June 2024
Renunciation of Rights Entitlements03 July 2024
Bid/Offer Closes On09 July 2024
Deemed Date of Allotment16 July 2024
Credit Date18 July 2024
Listing Date22 July 2024

Kshitij Polyline Rights Issue Details

Issue OpenJune 25, 2024 – July 9, 2024
Security NameKshitij 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 AtNSE
Terms of PaymentThe full amount of the Issue Price is payable on Application.
Entitlement4 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Company Financials

 FY 2022FY 2023FY 2024
Operating Margin (%)9.369.75(1.84)
Net income0.420.451.61
ROCE (%)6.09
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

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

417/418, Dimple Arcade, Near Sai Dham temple,
Thakur Complex, Kandivali (East), Mumbai – 400101
Phone: +91 22 4223 4100

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

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