Lesha Industries Rights Issue will open for subscription from 22 July 2024. the company aims for an issue size of ₹49.28 Crores through this rights Issue.
About the company
Lesha Industries primarily engages in the trading and manufacturing of various steel products and the business of Information Technology & Allied Services. The company also operates in the capital market, dealing in shares and stocks. The company operates two main businesses:
- Steel Division: The company is currently engaged in trading various steel products. Its steel plant, located at GIDC Kerala Estate near Ahmedabad, is under implementation. The main products that the company will manufacture include M.S. ingots, M.S. billets, S.S. billets, and rolled products like rounds, bars, and sections.
- Information Technology Division: The company provides cutting-edge technological services in the heterogeneous networking segment. Specializing in cost-effective e-governance infrastructure, it offers internet and allied services in Western India, based in Gujarat. Managed by professionals with over 12 years of IT experience, the company excels in internet access, web solutions, networking, data entry, hardware distribution, and database management.
Objectives of the Issue
- To meet Working Capital Requirements;
- To purchase of new office.
- Adjustment of Unsecured Loans of Promoter/Promoter Group towards Rights Equity Shares Application Money.
- To General Corporate Purposes.
Lesha Industries Rights Issue Timetable
| Rights Issue Approval Date | 05 July 2024 |
| Rights Issue Record Date | 12 July 2024 |
| Credit of Rights Entitlement | 17 July 2024 |
| Rights Issue Opening Date | 22 July 2024 |
| Last Date for Market Renunciation | 27 July 2024 |
| Rights Issue Closing Date | 05 August 2024 |
| Finalization of Basis of Allotment | 13 August 2024 |
| Rights Allotment Date | 13 August 2024 |
| Credit Date | 17 August 2024 |
| Listing Date | 19 August 2024 |
Lesha Industries Rights Issue Details
| Issue Open | July 22, 2024 – August 5, 2024 |
| Security Name | Lesha Industries Ltd. |
| Issue Size (Shares) | 176,000,000 |
| Issue Size (Amount) | ₹49.28 Crores |
| Issue Price | ₹2.8 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Rs2.80/- per Equity Share is payable on application. |
| Entitlement | 8 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 | 7.25 | 6.90 | 11.56 |
| Expenses | 6.76 | 6.71 | 10.73 |
| Operating Margin (%) | 6.76 | 2.80 | 63.22 |
| Net Income | 0.40 | 0.20 | 7.18 |
| ROCE (%) | 2.85 | 0.92 | – |
Rights Issue Documents
Lesha Industries Rights Issue Lead Manager(s)
Lesha Industries Registrar
PURVA SHAREGISTRY (INDIA) PVT. LTD.
9, Shiv Shakti Industrial Estate, J.R.Boricha
Marg Lower Parel (East), Mumbai-400011
Telephone: +91 022-3199 8810 / 4961 4132 / 4970 0138
Email: support@purvashare.com
Website: www.purvashare.com
Company Contact Information
LESHA INDUSTRIES LIMITED
7th Floor, Ashoka Chambers, Mithakali Six Roads,
Ahmedabad-380006, Gujarat, India
Phone: +91-79-26463227
E-mail: info@lesha.in
Website: www.lesha.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
