Nakoda Group of Industries Rights Issue

Nakoda Group of Industries Rights Issue will open for subscription from 18 September 2023. the company aims for an issue size of ₹6.36 Crores through this rights Issue.

About the company

Incorporated in 1989, Nakoda Group of Industries Limited produces dry fruit-based healthy and natural products. Nakoda Group of Industries manufacturers Tutti Fruity (Diced Chelory) also called “Papaya Preserve”, Karonda Cherries (Indian Cherries), Sweet lime peels, Orange Cut Peels, Sesame Seeds Hulled Auto dry, All Variety of Jams, Sauces, Spices, Chikkis (Fruity Bars), Pickles, Papads, Canned Vegetables, and Frozen Fruits & Vegetables.

The company has three manufacturing units in Nagpur, namely Navkar Processors, Nakoda Fruit Products Pvt. Ltd., and Parshva Food International. Navkar Processors deals in Tutti Fruity, Cherries, Jams and peels whereas Nakoda Fruit Products Pvt. Ltd. Deals in all varieties of papads, pickles, Chikkis (Fruit Bars), Spices, etc. and Parshva Food International deals in Canned Fruits & vegetables, Mango & Guava Pulps, Frozen Peas, Frozen Vegetables, Dehydrated vegetables etc. Each unit has a production capacity of 8 to 10 MT. per day.

Nakoda Group has around 80% export-oriented business and the rest is in the domestic market of India. Its clientele comes from Ice cream factories, Bakeries, Sweets & chicken factories, Airline Companies, Railway Catering & Indian Military. The company imports Almond In shell, Pistachios, Irani Dates, Irani Saffron, and Spices from china, Vietnam & Indonesia and sells in the domestic market as well as to its sister concerns for processing many other items through its imports business arm Parshvanath Overseas.

Objectives of the Issue

  • To part finance the working capital requirement of the company.
  • To meet General corporate purposes.
  • To meet the expenses of the Issue.

Nakoda Group of Industries Rights Issue Timetable

Last Date to buy shares04 September 2023
Record Date05 September 2023
Credit of Rights Entitlements
Bid/Offer Opens On18 September 2023
Renunciation of Rights Entitlements22 September 2023
Bid/Offer Closes On27 September 2023
Deemed Date of Allotment
Credit Date
Listing Date

Nakoda Group of Industries Rights Issue Details

Issue OpenSeptember 18, 2023 – September 27, 2023
Security NameNakoda Group of Industries Limited
Issue Size (Shares)1,590,642
Issue Size (Amount)₹6.36 Crores
Issue Price₹40 per share
Face Value₹10 per share
Listing AtBSE, NSE
Terms of PaymentFull amount of Rs. 40.00 per Equity Share is payable on application.
Entitlement1 Rights Equity Share(s) for every 7 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 201931 Mar 202031 Mar 202131 Mar 2022
Profit After Tax0.880.031.321.74
Net Worth
Reserves and Surplus7.017.043.951.74
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

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

Company Contact Information

Nakoda Group of Industries Limited
Plot No. 239, South Old Bagadganj,
Small Factory Area,
Nagpur 440 008

Phone: +91 7122778824

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

Leave a Comment

Your email address will not be published. Required fields are marked *