Suditi Industries Rights Issue

Suditi Industries Rights Issue 2022

Suditi Industries Rights Issue will open for subscription from 15 September 2022. The company aims for an issue size of ₹29.26 Crores through this rights issue.

Suditi Industries Limited

Incorporated in 1991, Suditi Industries Limited is in the business of manufacturing fabrics and has over the years developed into a comprehensive ecosystem covering knitting, dyeing, printing, finishing, and garments.

The company has three manufacturing facilities two of which are located at MIDC, TTC Industrial Area, Village, Turbhe, Navi Mumbai in the state of Maharashtra, and the third at Vapi in District Valsad in the state of Gujarat.

The main objective of the company is to manufacture, buy, sell, import, and export readymade garments made out of woven, knitted, felted, netted, looped, or flocked fabrics made of all kinds of fiber whether natural, synthetic, or man‐made and to carry on the business of manufactures, importers and exporters, wholesale and retail dealers of and in hosiery goods of every kind, nature and description for men, women, and children including vests, underwear, socks, stockings, sweaters, and laces.

Objects of the Issue

  • Part repayment/pre‐payment of certain secured loans availed from lenders.
  • Augmentation of existing and incremental Working Capital requirements of the Company.
  • Issue-related expenses.
  • Part repayment or prepayment of Unsecured Loans/Inter Corporate Deposits availed by the Company from the Promoter and Promoter group companies forming part of the Promoter Group.
  • General Corporate purposes.

Suditi Industries Rights Issue Timetable

Bid/Offer Opens On15 September 2022
Bid/Offer Closes On21 September 2022
Record Date06 September 2022
Deemed Date of Allotment
Renunciation of Rights Entitlements16 September 2022

Suditi Industries Rights Issue 2022 Details

Issue OpenSep 15, 2022 – Sep 21, 2022
Security NameSuditi Industries Limited
Issue Size (Shares)9,752,290
Issue Size (Amount)₹29.26 Crores
Issue Price₹30 per share
Face Value₹10 per share
Listing AtBSE
Terms of PaymentThe full amount of Rs 30 per share has to be paid at the time of Application.
Entitlement5 Equity Shares for every 9 Equity Shares held on the Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Figures are in ₹ Crore)

Suditi Industries Rights Lead Manager(s)

  • Chartered Finance Management Ltd

Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270

Company Contact Information

Suditi Industries Limited
C‐253/254, MIDC,
TTC Industrial Area, Pawne Village,
Turbhe, Navi Mumbai – 400705,

Phone: +9122‐67368600
Email: rights.issue@suditi.in1

Final thoughts

Suditi Industries 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

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