Roni Households Rights Issue will open for subscription from 09 December 2022. the company aims for a base issue size of ₹6.07 Crores.
Roni Households Limited
RH Limited is engaged in the business of producing and marketing plastic household products like tubs, buckets, ghamelas, and other household items. The company also offers a wide range of plastic granules that get used by various plastic industries to manufacture different end products. The company intends to further expand the business by manufacturing plastic products for household use. The company has taken land on lease in MIDC, Jalgaon, for setting up the manufacturing unit.
The company has two business verticals (1) Trading Business Process and (2) Manufacturing Process. The trading business vertical of the company is a B2B model wherein the company procures goods from suppliers on a cash or credit basis and supply to it to the clients on a credit basis. The company procures goods carried out on an “order” basis as well as a “demand estimation basis”
Objects of the Issue
- Adjustment of Unsecured Loans against the Entitlement of the Promoters.
- Partial Repayment of Loan taken from State Bank of India.
- Towards working capital requirements.
- General Corporate Purposes.
Roni Households Rights Issue Timetable
| Record Date | 25 November 2022 |
| Credit of Rights Entitlements | 08 December 2022 |
| Bid/Offer Opens On | 09 December 2022 |
| Renunciation of Rights Entitlements | 19 December 2022 |
| Bid/Offer Closes On | 23 December 2022 |
| Deemed Date of Allotment | 04 January 2022 |
| Credit Date | 06 January 2022 |
| Listing Date | 09 January 2022 |
Roni Households Rights Issue 2022 Details
| Issue Open | Dec 9, 2022 – Dec 23, 2022 |
| Security Name | Roni Households Limited |
| Issue Size (Shares) | 867,189 |
| Issue Size (Amount) | ₹6.07 Crores |
| Issue Price | ₹70 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Rs 70/- is payable on application. |
| Entitlement | 1 Rights Share for every 5 Equity Shares held as on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 17.64 | 10.69 | 0.16 |
| 31-Mar-22 | 27.01 | 10.76 | -1.26 |
Lead Manager(s)
- Aryaman Financial Services Limited
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: http://www.bigshareonline.com
Company Contact Information
Roni Households Limited
f-55, near R L Square,
MIDC, Jalgaon,
Maharashtra – 425 003
Website: http://www.ronihouseholds.com/
Final thoughts
Roni Households Rights Issue is going to open for subscription soon. applying for rights Issue is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
