Oriental Trimex Rights Issue will open for subscription from 19 September 2024. the company aims for an issue size of ₹48.51 Crores through this rights Issue.
About the company
Founded on 22 April 1996, in New Delhi, Oriental Trimex has established itself as a significant force in India’s marble and granite industry. The company excels in importing and processing natural marble from various countries, including Italy, Spain, Turkey, and China.
Oriental Trimex operates warehouses and factories in New Delhi, Chennai, and Kolkata, with an annual capacity of 25,200 MT, with granite mining and processing activities in Orissa. The company specializes in converting marble blocks into slabs, with its processing units producing over 7 million square feet of marble slabs annually.
The company has procured, processed, and supplied marble to major developers, contractors, hotels, and institutional buyers across the Northern region, including Delhi NCR, the Southern region, including Bangalore and Chennai, and the Eastern region, including Kolkata. Notable clients include Unitech, DLF, EMAAR, Radisson, Westin Hotels, Eros, The Park, Dabur Vatika, Central Park, and ATS.
Objectives of the Issue
- Working capital requirements of the Company
- To repay, in full or in part, the identified unsecured loan availed by the Company
- Capital Expenditure for setting up additional Machinery for Marble Block in Tamilnadu
- Development of quarry of ‘JET BLACK’ Granite in Odisha
- Capital Expenditure for construction of Showroom-cum-warehouse
- General corporate purposes
Oriental Trimex Rights Issue Timetable
| Rights Issue Approval Date | 31 August 2024 |
| Rights Issue Record Date | 5 September 2024 |
| Credit of Rights Entitlement | 18 September 2024 |
| Rights Issue Opening Date | 20 September 2024 |
| Last Date for Market Renunciation | 24 September 2024 |
| Rights Issue Closing Date | 4 October 2024 |
| Finalization of Basis of Allotment | |
| Rights Allotment Date | |
| Credit Date | |
| Listing Date |
Oriental Trimex Rights Issue Details
| Issue Open | September 19, 2024 – October 4, 2024 |
| Security Name | Oriental Trimex Ltd. |
| Issue Size (Shares) | 44,104,359 |
| Issue Size (Amount) | ₹48.51 Crores |
| Issue Price | ₹11 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of the Issue Price of Rs. 11 per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 18.53 | 8.71 | 3.65 |
| Expenses | 19.04 | 11.03 | 10.04 |
| Operating Margin (%) | (2.75) | (26.64) | (175.07) |
| Net Income | (5.87) | (4.32) | (6.50) |
| ROCE (%) | (0.05) | (3.58) | (7.28) |
Oriental Trimex Rights Issue Documents
Lead Manager(s)
Oriental Trimex Registrar
BEETAL FINANCIAL & COMPUTER SERVICES PRIVATE LIMITED
Beetal House, 3rd Floor, 99, Madangir,
Behind Local Shopping Centre, New Delhi – 110062
Telephone: +91-11-29961281/83
Email: beetal@beetalfinancial.com
Website: www.beetalfinancial.com
Company Contact Information
ORIENTAL TRIMEX LIMITED
26/25 Bazar Marg, Old Rajinder Nagar,
New Delhi, India, 110060
Phone: 011-45048612
E-mail: info@orientaltrimex.com
Website: www.orientaltrimex.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
