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 shares | 29 May 2024 |
| Record Date | 30 May 2024 |
| Credit of Rights Entitlements | 10 June 2024 |
| Bid/Offer Opens On | 13 June 2024 |
| Renunciation of Rights Entitlements | 24 June 2024 |
| Bid/Offer Closes On | 28 June 2024 |
| Deemed Date of Allotment | 05 July 2024 |
| Credit Date | 10 July 2024 |
| Listing Date | 15 July 2024 |
Nakoda Group Of Industries Rights Issue Details
| Issue Open | June 13, 2024 – June 28, 2024 |
| Security Name | Nakoda 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 At | BSE, NSE |
| Terms of Payment | Rs 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. |
| Entitlement | 4 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 59.62 | 54.60 | 47.12 |
| Expenses | 55.13 | 50.36 | 46.73 |
| Operating Margin (%) | 7.53 | 7.77 | 0.83 |
| Net Income | 1.70 | 0.91 | (2.12) |
| ROCE (%) | 10.12 | 8.77 | – |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: rightsissue@bigshareonline.com
Website: www.bigshareonline.com
Company Contact Information
NAKODA GROUP OF INDUSTRIES LIMITED
239, Bagad Ganj, Nagpur – 440008, Maharashtra
Phone: +91-07122778824
Email: info@nakodas.com
Website: www.nakodas.com
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
