Rungta Irrigation Rights Issue will open for subscription from 09 December 2022. the company aims for a base issue size of ₹12.18 Crores.
Rungta Irrigation Limited
Incorporated in 1986, Rungta Irrigation is engaged mainly in manufacturing, designing, assembling, and marketing pipe-based sprinkler irrigation systems. The company has completed 2368 projects and has won 366 awards. The company has 999 employed workers.
The product portfolio includes HDPE Sprinkler Systems, Drip Irrigation Systems, HDPE Piping Systems, Rungta Irrigation uPVC Pipes, RUNGTA Rigid PVC pipes, and Blue Casing Pipes for Bore Wells. The company’s manufacturing units are located in Pondicherry, Uttar Pradesh, Hyderabad, and Jamshedpur.
Objects of the Issue
Coming soon
Rungta Irrigation Rights Issue Timetable
| Record Date | 11 November 2022 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 09 December 2022 |
| Renunciation of Rights Entitlements | 12 December 2022 |
| Bid/Offer Closes On | 15 December 2022 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Rungta Irrigation Rights Issue Details
| Issue Open | Dec 9, 2022 – Dec 15, 2022 |
| Security Name | Rungta Irrigation Ltd. |
| Issue Size (Shares) | 11,070,125 |
| Issue Size (Amount) | ₹12.18 Crores |
| Issue Price | ₹11 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The amount of Rs. 3 per share has to be paid at the time of Application, Rs. 4 on On First Call and Rs. 4 Second Call. |
| Entitlement | 1.25 Equity Shares for every 1 Equity Share held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 86.67 | 51.67 | 0.83 |
| 31-Mar-21 | 91.16 | 48.07 | 0.55 |
Lead Manager(s)
- Coming soon
Rights Issue Registrar
- Coming soon
Company Contact Information
Rungta Irrigation Ltd.
101, Pragati Towers,
26, Rajendra Place,
New Delhi – 110 008
Phone: +91-(11)-40453330 – 332
Email: edp@rungtairrigation.in
Website: https://www.rungtairrigation.in/
Final thoughts
Rungta Irrigation 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
