Nakoda Group Rights Issue

Nakoda Group Of Industries Rights Issue will open for subscription from 13 June 2024. the company aims for an issue size of ₹12.73 Crores through this rights Issue.

About the company

Nakoda Group of Industries manufactures Tutti Fruity, also known as ‘papaya jam’, and preserved and dried fruit cubes, which fall under the bakery category. The company also processes dry fruits and nuts imported from California and other Middle Eastern countries by traders in Maharashtra. The company also deals in sesame seeds, cloves, cut shell muraba, karonda, rice, various seeds, and toor dal.

Nakoda Group of Industries turnover comprises 45.51% from dry fruit processing, 26.04% from Tutti Fruity production, and 28.45% from trade total revenue from Tutti Fruity production, 50.19% comes from exports to Malaysia, Dubai, Saudi Arabia, Chile, Egypt, Qatar and Singapore. In comparison, 49.81% comes from domestic sales.

Objectives of the Issue

Nakoda Group Of Industries Rights Issue Timetable

Last Date to buy shares29 May 2024
Record Date30 May 2024
Credit of Rights Entitlements10 June 2024
Bid/Offer Opens On13 June 2024
Renunciation of Rights Entitlements24 June 2024
Bid/Offer Closes On28 June 2024
Deemed Date of Allotment05 July 2024
Credit Date10 July 2024
Listing Date15 July 2024

Nakoda Group Of Industries Rights Issue Details

Issue OpenJune 13, 2024 – June 28, 2024
Security NameNakoda Group Of Industries Ltd
Issue Size (Shares)5,090,056
Issue Size (Amount)₹12.73 Crores
Issue Price₹25 per share
Face Value₹10 per share
Listing AtBSE, NSE
Terms of PaymentRs 6.25 on application. Rs 18.75 in one or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time.
Entitlement4 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Company Financials

 FY 2022FY 2023FY 2024
Operating Margin (%)7.537.770.83
Net Income1.700.91(2.12)
ROCE (%)10.128.77
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Company Contact Information

239, Bagad Ganj, Nagpur – 440008, Maharashtra
Phone: +91-07122778824

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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