Yug Decor Rights Issue

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 shares18 April 2024
Record Date19 April 2024
Credit of Rights Entitlements06 May 2024
Bid/Offer Opens On07 May 2024
Renunciation of Rights Entitlements15 May 2024
Bid/Offer Closes On28 May 2024
Deemed Date of Allotment06 June 2024
Credit Date11 May 2024
Listing Date13 May 2024

Yug Decor Rights Issue Details

Issue OpenMay 7, 2024 – May 28, 2024
Security NameYug 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 AtBSE
Terms of PaymentThe Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of application.
Entitlement1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

Company Financials

 FY 2021FY 2022FY 2023
Operating Margin (%)5.663.277.33
Net Income0.120.101.14
ROCE (%)5.104.8320.07
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

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

709-714, Sakar- V, B/H Natraj Cinema,
Ashram Road, Ahmedabad, Gujarat, India, 380009
Phone: +91-9375202777

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

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