Libas Consumer Products Rights Issue

Libas Consumer Products Rights Issue

Libas Consumer Products Rights Issue will open for subscription from 27 September 2022. The company aims for an issue size of ₹18.52 Crores through this rights issue.

Libas Consumer Products Limited

Libas Consumer Products Limited specializes in western contemporary and ethnic Indian men’s and women’s wear. The company offers Business Suits, Shirts, Trousers, Sherwanis, a light range of indo- westerns, Kurtas, designer wedding suits, fine men’s business suits, formal shirts, and trousers. The company has a production facility in Mumbai that has a capacity of 35000 to 40000 pieces. Company also has a sub-brand that offers formal men’s and women’s shoes and accessories.

Objects of the Issue

  • For Working Capital Requirements.
  • Marketing for innerwear Brand “KNG”.

Libas Consumer Products Rights Issue Timetable

Bid/Offer Opens On27 September 2022
Bid/Offer Closes On07 October 2022
Record Date16 September 2022
Deemed Date of Allotment18 October 2022
Renunciation of Rights Entitlements03 October 2022

Libas Consumer Products Rights Issue 2022 Details

Issue OpenSep 27, 2022 – Oct 7, 2022
Security NameLibas Consumer Products Limited
Issue Size (Shares)8,820,000
Issue Size (Amount)₹18.52 Crores
Issue Price₹21 per share
Face Value₹10 per share
Listing AtNSE
Entitlement1 Equity Shares for every 2 Equity Shares held on the Record Date

Company Financials

Period EndedTotal RevenueProfit After Tax
(Figures are in ₹ Crore)

Libas Consumer Products Lead Manager(s)

  • Sarthi Capital Advisors Private Limited

Rights Issue Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200

Company Contact Information

Libas Consumer Products Limited
Libas Designs Limited, 401, 4th Floor,
Crescent Royale, Off New, Link Road,
Lokhandwala Complex, Andheri (West) 400053

Phone: (+91)99280-99603

Final thoughts

Libas Consumer Products Rights Issue is going to open for subscription soon. applying for rights Issue is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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