Yug Decor Rights Issue will open for subscription from 07 May 2024. the company aims for an issue size of ₹3.60 Crores through this rights Issue.
About the company
Founded in 2003, Yug Decor is involved in the trading of laminates and plywood. The company is a young and dynamic organization that manufactures various types of adhesives under the brand name YUG–COL, including synthetic binders, synthetic rubber adhesives, synthetic resin adhesives, natural rubber adhesives, and footwear adhesives. The company operates two manufacturing units located in Gandhinagar, Gujarat.
As of 31 January 2024, the company has 91 employees working at its manufacturing facility and registered office. These employees manage business operations, factory management, administrative, secretarial, legal, marketing, and accounting functions, each in alignment with their respective roles and goals.
Objectives of the Issue
- To augment the existing and incremental working capital requirement of the company; and
- General Corporate Purposes
Yug Decor Rights Issue Timetable
| Last Date to buy shares | 18 April 2024 |
| Record Date | 19 April 2024 |
| Credit of Rights Entitlements | 06 May 2024 |
| Bid/Offer Opens On | 07 May 2024 |
| Renunciation of Rights Entitlements | 15 May 2024 |
| Bid/Offer Closes On | 28 May 2024 |
| Deemed Date of Allotment | 06 June 2024 |
| Credit Date | 11 May 2024 |
| Listing Date | 13 May 2024 |
Yug Decor Rights Issue Details
| Issue Open | May 7, 2024 – May 28, 2024 |
| Security Name | Yug Decor Ltd |
| Issue Size (Shares) | 3,596,423 |
| Issue Size (Amount) | ₹3.60 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of application. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 15.95 | 24.50 | 31.19 |
| Expenses | 15.32 | 23.97 | 29.34 |
| Operating Margin (%) | 5.66 | 3.27 | 7.33 |
| Net Income | 0.12 | 0.10 | 1.14 |
| ROCE (%) | 5.10 | 4.83 | 20.07 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
SATELLITE CORPORATE SERVICES PRIVATE LIMITED
A/106-107, Dattani Plaza, East West Industrial Compound,
Andheri Kurla Road, Safed Pool, Sakinaka, Mumbai-400072
Phone: 022-28520467/ 462
Email: service@satellitecorporate.com /info@satellitecorporate.com
Website: www.satellitecorporate.com
Company Contact Information
YUG DECOR LIMITED
709-714, Sakar- V, B/H Natraj Cinema,
Ashram Road, Ahmedabad, Gujarat, India, 380009
Phone: +91-9375202777
Email: account@yugdecor.com
Website: www.yugdecor.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
