Oriental Trimex Ltd is launching a rights issue in 2024 to raise capital by offering shares to its existing shareholders. In this blog post, we’ll cover all the essential details, including the rights issue dates, price, allotment ratio, and how to apply. We’ll also provide a review of the company’s financial performance and answer frequently asked questions about the rights issue.
What is a Rights Issue?
A rights issue is a way for companies to raise additional capital by giving existing shareholders the right to buy new shares at a discounted price. This method allows shareholders to increase their stake in the company at a lower cost and provides the company with the funds needed for expansion or debt reduction.
Overview of Oriental Trimex Ltd
Oriental Trimex Ltd (OTL), established in 1996 in New Delhi, is an ISO 9001:2000 certified company specializing in the import and processing of premium natural marbles from countries like Italy, Spain, Turkey, and China. The company operates warehouses and factories in Chennai, New Delhi, and Kolkata and is also involved in the granite mining industry in Orissa. OTL has been listed on both the BSE and NSE, and over the years, it has built a reputation for high-quality products and customer satisfaction.
Key Dates for Oriental Trimex Rights Issue 2024
It’s important to keep track of the critical dates associated with the Oriental Trimex Rights Issue to ensure you do not miss any key deadlines:
| Event | Date |
|---|---|
| Rights Issue Open Date | September 19, 2024 |
| Rights Issue Close Date | September 27, 2024 |
| Record Date | September 5, 2024 |
| Last Date to Buy Shares | September 4, 2024 |
| Deemed Date of Allotment | To Be Announced |
| Renunciation of Rights Entitlements | To Be Announced |
Oriental Trimex Rights Issue Details
Here are the key details for the Oriental Trimex Rights Issue 2024:
- Rights Issue Size: Approximately ₹48.51 Crores
- Price Per Equity Share: ₹11
- Face Value Per Equity Share: ₹10
- Entitlement Ratio: 3:2 (3 rights shares for every 2 shares held)
- Equity Shares Offered: 44,104,359
- Listing: BSE, NSE
You can also find more details on rights issues by visiting our rights issues page.
How to Apply for Oriental Trimex Rights Issue 2024
Shareholders can apply for the Oriental Trimex Rights Issue 2024 using two primary methods:
- Net Banking (ASBA): This method allows you to apply through your bank’s internet banking platform. The amount will be blocked in your bank account until the shares are allotted.
- Registrar’s Website (R-WAP Facility): You can also apply via the Registrar’s website using the R-WAP (Registrar’s Web-based Application Platform) facility.
For a detailed step-by-step guide on applying for rights issues, check out our IPO forms page.
Oriental Trimex Financial Report
A review of Oriental Trimex’s recent financial performance provides insight into the company’s financial health:
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (PAT) (₹ in Crores) |
|---|---|---|---|
| 2022 | 20.46 | 25.83 | -5.37 |
| 2023 | 8.97 | 14.21 | -5.24 |
| 2024 | 5.49 | 13.29 | -7.80 |
The financial data suggests a decline in revenue and an increase in losses over the past three years. Shareholders should consider these financials when deciding to participate in the rights issue.
Oriental Trimex Rights Issue 2024: Is it a Good Investment?
While the rights issue offers shares at a discount, it’s important to consider the company’s financial performance and the potential risks. Given the recent financial losses, investing in Oriental Trimex’s rights issue could be risky. Make sure to do your own research and consult with a financial advisor.
For more information on how to evaluate IPOs and rights issues, visit our IPO review page.
FAQ: Oriental Trimex Rights Issue 2024
1. When is the Oriental Trimex Rights Issue 2024 record date?
The record date for the Oriental Trimex Rights Issue 2024 is September 5, 2024. You must hold shares on this date to be eligible for the rights issue.
2. What is the price of the Oriental Trimex Rights Issue 2024?
The price per equity share in the Oriental Trimex Rights Issue 2024 is ₹11.
3. What is the entitlement ratio for the Oriental Trimex Rights Issue 2024?
The entitlement ratio is 3:2, meaning shareholders will receive 3 rights shares for every 2 fully-paid shares they hold on the record date.
4. How can I apply for the Oriental Trimex Rights Issue 2024?
You can apply through Net Banking (ASBA) or the Registrar’s Website (R-WAP Facility). Detailed instructions are available on our IPO forms page.
5. Is the Oriental Trimex Rights Issue 2024 a good investment?
The rights issue could be risky due to the company’s recent financial performance. Review the financials and consult with a financial advisor before making a decision.
Conclusion
The Oriental Trimex Rights Issue 2024 provides an opportunity for existing shareholders to buy additional shares at a discounted price. However, it’s essential to consider the company’s financial performance and the potential risks involved. Stay updated with the latest information on rights issues and IPOs by visiting our upcoming IPO page.
For more updates on IPOs and rights issues, check out our IPO listing and IPO subscription pages.
