Akshar Spintex Rights Issue 2024 Date, Price, Allotment, Ratio

IPOWatch Team
August 19, 2024

IPOWatch Team

Akshar Spintex Rights issue date is fixed, the rights issue is to open on September 9 and will close on September 30, 2024. The Akshar Spintex Rights issue record date is August 23, 2024. The company is to offer 487,480,500 equity shares at a price of ₹1 per share. The Akshar Spintex Rights issue size will be ₹48.75 Crores. The entitlement ratio is 13:8, 13 rights share for every 8 fully-paid equity shares held on the record date. Check out Akshar Spintex rights issue details.

Incorporated in 2013, Akshar Spintex Limited is engaged in manufacturing cotton yarn that manufactures 100% cotton yarn which includes combed, semi-combed, and carded yarn. Their registered office is situated at Jamnagar, Gujarat. The company’s manufacturing facility is situated at Kalavad of Jamnagar District in Gujarat state in 1,83,437 sq. ft. area which is in the vicinity of the rich cotton growing areas of Gujarat. The company has installed a capacity of a total of 24,480 spindles. Their technical team is equipped with modern spinning technology and processing techniques by which we can ensure quality yarn. They focus on producing quality products to increase customer satisfaction and develop a positive brand image in the industry.

Akshar Spintex Rights Issue Review

Avoid / Risky

Akshar Spintex Rights Issue 2024 Dates & Time Table

Rights Issue Open:	September 9, 2024
Rights Issue Close:	September 30, 2024
Rights Record Date:	August 23, 2024
Last Date to Buy Shares:	August 22, 2024
Deemed Date of Allotment	2024
Renunciation of Rights Entitlements	September 24, 2024

Akshar Spintex Rights Issue 2024 Offer Details

Rights Issue Size:	Approx ₹48.75 Crores
Price Band:	₹1 Per Equity Share
Face Value:	₹1 Per Equity Share
Listing on:	BSE, NSE
Entitlement Ratio:	13:8 (13 rights share for every 8 shares)
Equity:	487,480,500 Equity Share
Letter of Offer:	Click Here
Application Form:	Click Here
Live Share Price:	Click Here

Akshar Spintex Rights Issue 2024 Form & How to Apply

You can apply for Akshar Spintex Rights Issue 2024 in two ways:

Net Banking (ASBA)
Registrar’s Website (R-WAP Facility)

Akshar Spintex Financial Report

₹ in Crores
Year	Revenue	Expense	PAT
2022	₹175.57	₹165.96	₹6.98
2023	₹137.92	₹142.11	₹2.76
2024	₹177.91	₹172.90	₹3.46

Akshar Spintex Rights Issue 2024 Allotment Status

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html

Akshar Spintex Rights Issue 2024 Lead Managers

To Be Updated Soon

Company Address:

Akshar Spintex Ltd
Revenue Survey No.102/2 Paiki,
Plot No. – 2 Village: Haripar,
Ranuja Road. Tal: Kalavad. Jamnagar – 361013
Phone: 917574887015
Email: [email protected]
Website: http://www.aksharspintex.in/

Akshar Spintex Rights Issue 2024 FAQs:

When is Akshar Spintex Rights Issue 2024 Record Date?

Akshar Spintex Rights Issue 2024 record date is August 23, 2024.

What is Akshar Spintex Rights Issue 2024 Price?

The company has fixed the price at ₹1 per equity share.

What is the Akshar Spintex Rights Issue 2024 Ratio?

The company has fixed the ratio (13:8), 13 Rights Equity Share for every 8 Equity Shares as on record date.

How to apply for Akshar Spintex Rights Rights Issue 2024?

As per the record date you need to have Akshar Spintex Rights shares in your Demat account. You can participate in Rights Issue via offline form download or you can apply online via ASBA or UPI options.

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