Pacific Industries Rights Issue will open for subscription from 19 January 2023. the company aims for an issue size of ₹47.90 Crores through this rights Issue.
About the company
Incorporated in 1989, Pacific Industries Limited operates as a 100% export-oriented unit by eminent industrialist Mr. J.P. Agrawal. They are known amongst the leading quarry owners and processors of natural stones. The efforts of Pacific Industries are narrated towards putting sustainable efforts and offering an elegant and durable variety of stones across the world.
The company has successfully expanded its operations in over 40 countries by selling products like slabs, tiles, cut-to-size, etc. Pacific Industries operates through its two processing units situated in Bangalore and Udaipur, respectively. With the combination of the right team of professionals striving to deliver and maintain the highest quality and efficient delivery, Pacific Industries is touching newer heights of success.
Objectives of the Issue
- Repayment of Unsecured Loan availed from the related party;
- Working Capital Requirements
- General Corporate Purpose
Rights Issue Timetable
| Record Date | 11 January 2023 |
| Credit of Rights Entitlements | 13 January 2023 |
| Bid/Offer Opens On | 19 January 2023 |
| Renunciation of Rights Entitlements | 30 January 2023 |
| Bid/Offer Closes On | 02 February 2023 |
| Deemed Date of Allotment | 10 February 2023 |
| Credit Date | 13 February 2023 |
| Listing Date | 15 February 2023 |
Pacific Industries Rights Issue Details
| Issue Open | Jan 19, 2023 – Feb 2, 2023 |
| Security Name | Pacific Industries Limited |
| Issue Size (Shares) | 3,446,325 |
| Issue Size (Amount) | ₹47.90 Crores |
| Issue Price | ₹139 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount is payable on application. |
| Entitlement | 1 Rights Equity Share for every 1 fully paid-up Equity Share |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 475.18 | 185.86 | 10.41 |
| 31-Mar-22 | 510.58 | 293.42 | 15.92 |
Lead Manager(s)
- Srujan Alpha Capital Advisors LLP
Pacific Industries Rights Issue Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: pacific.rights@linkintime.co.in
Website: https://linkintime.co.in/
Company Contact Information
Pacific Industries Limited
Survey No. 13, National Highway 48,
Kempalinganahalli Village, Nelamangala Taluk,
Bangalore – 562123Phone: +91 80 7723004
Email: pilsouth@pacificgranites.com
Website: https://www.pacificindustriesltd.com/index.php
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
