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 On | 15 September 2022 |
| Bid/Offer Closes On | 21 September 2022 |
| Record Date | 06 September 2022 |
| Deemed Date of Allotment | – |
| Renunciation of Rights Entitlements | 16 September 2022 |
Suditi Industries Rights Issue 2022 Details
| Issue Open | Sep 15, 2022 – Sep 21, 2022 |
| Security Name | Suditi 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 At | BSE |
| Terms of Payment | The full amount of Rs 30 per share has to be paid at the time of Application. |
| Entitlement | 5 Equity Shares for every 9 Equity Shares held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 109.47 | 112.36 | 3.3 |
| 31-Mar-20 | 119.45 | 95.52 | -1.73 |
| 31-Mar-21 | 102.18 | 50.44 | -17.45 |
Suditi Industries Rights Lead Manager(s)
- Chartered Finance Management Ltd
Rights Issue Registrar
- Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: suditi.rights@linkintime.co.in
Website: https://linkintime.co.in/
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
Website: https://suditi.in/
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
