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 On | 27 September 2022 |
| Bid/Offer Closes On | 07 October 2022 |
| Record Date | 16 September 2022 |
| Deemed Date of Allotment | 18 October 2022 |
| Renunciation of Rights Entitlements | 03 October 2022 |
Libas Consumer Products Rights Issue 2022 Details
| Issue Open | Sep 27, 2022 – Oct 7, 2022 |
| Security Name | Libas 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 At | NSE |
| Entitlement | 1 Equity Shares for every 2 Equity Shares held on the Record Date |
Company Financials
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-21 | 35.54 | -1.63 |
| 31-Mar-22 | 46.72 | 2.56 |
Libas Consumer Products Lead Manager(s)
- Sarthi Capital Advisors Private Limited
Rights Issue Registrar
- Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: http://www.bigshareonline.com
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
Email: info@libasfashion.com
Website: http://www.libasdesignsltd.com/index.php
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
