Raj Oil Mills Limited, founded in 2001, is in the business of crushing, refining, and oil filter of various types of oils. They manufacture coconut oil, groundnut oil, sunflower oil, mustard oil, and a variety of other oil products.
The company runs the oil filtration process capacity in-house and caters to its customers’ needs. They purchase various types of raw filtered and refined edible oil from sellers, filter the oil, and deliver the finished products through business partners such as super stockiest and distributors. Raj Oil Mills has established a quality control facility at its manufacturing facility to ensure that each of its goods is of superior grade. The company’s products are sold under three brands: “Guinea,” “Cocoraj,” and “Raj” such as “Tilraj,” “Mustraj,” and “Divya Shakti.”
These brands have been on the market for almost seven decades. The Company’s aim is to focus on manufacturing and supplying superior quality products to end customers, which has allowed them to expand their domestic commercial operations. Raj Oil Mills Limited has 12 directors on its board of directors who contribute to the company’s success with their appropriate skills and knowledge in various segments. The company’s Managing Director is Atikurraheman Daudbhai Mukhi.
Objects of the Issue:
The objects of the Issue are:
- Repayment or pre-payment in full or part, unsecured loans availed by our Company from Promoter, Promoter Group and Directors of our Company;
- To augment the existing and incremental working capital requirement of our Company; and
- General Corporate Purposes
Raj Oil Mills Rights Issue 2023 Detail
| Issue Open | Feb 21, 2023 – Mar 21, 2023 |
| Security Name | Raj Oil Mills Limited |
| Issue Size (Shares) | 14,988,684 |
| Issue Size (Amount) | ₹44.97 Crores |
| Issue Price | ₹30 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | 100% of the issue price shall be payable on application. |
| Entitlement | 1 Rights Equity Share For Every 1 Fully Paid-Up Equity Shares Held |
Raj Oil Mills Rights Issue 2023 Issue Timetable
| Record Date | Feb 9, 2023 |
| Credit of Rights Entitlements | Feb 15, 2023 |
| Bid/Offer Opens On | Feb 21, 2023 |
| Renunciation of Rights Entitlements | Mar 15, 2023 |
| Bid/Offer Closes On | Mar 21, 2023 |
| Deemed Date of Allotment | Mar 20, 2023 |
| Credit Date | Mar 23, 2023 |
| Listing Date | Mar 27, 2023 |
Raj Oil Mills Limited Financial Information (Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 32.48 | 98.87 | 5.27 |
| 31-Mar-22 | 35.57 | 118.61 | 2.6 |
Company Contact Information
Raj Oil Mills Limited
224 – 230,
Bellasis Road,
Mumbai – 400 008
Phone: +91 22 23021996/7/8
Email: [email protected]
Website: http://www.rajoilmillsltd.com
Raj Oil Mills Rights Issue 2023 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com
Raj Oil Mills Rights Issue 2023 Lead Manager(s)
- Saffron Capital Advisors Private Limited
Raj Oil Mills Rights Issue 2023 FAQs
Q1. When is Raj Oil Mills Rights Issue 2023 coming?
Ans. The Raj Oil Mills Rights Issue 2023 opens on Feb 21, 2023, and closes on Mar 21, 2023.
Q2. What is the schedule for Raj Oil Mills Rights Issue 2023?
Ans. Raj Oil Mills Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Feb 15, 2023 Last Date for renunciation of Rights Entitlements Mar 15, 2023 Issue Opening Date Feb 21, 2023 Issue Closing Date Mar 21, 2023 Date of Allotment (on or about) Mar 20, 2023 Date of Credit (on or about) Mar 23, 2023 Date of Listing (on or about) Mar 27, 2023
Q3. What is the issue price for Raj Oil Mills Rights Issue 2023?
Ans. Raj Oil Mills Rights Issue 2023 price is set at ₹30 per share per equity share.
Q4. In what ratio is the Raj Oil Mills Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 1 Rights Equity Share For Every 1 Fully Paid-Up Equity Shares Held (Feb 9, 2023).
Q5. What is the record date for Raj Oil Mills Rights Issue 2023?
Ans. The record date for the Raj Oil Mills Rights Issue 2023 is Feb 9, 2023.
Q6. What is the issue size of Raj Oil Mills Rights Issue 2023?
Ans. The issue size of Raj Oil Mills Rights Issue 2023 is of 14,988,684 equity shares at ₹30 per share aggregating upto ₹44.97 Crores.
Q7. How to apply for Raj Oil Mills Rights Issue 2023?
Ans. You can apply for Raj Oil Mills Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Raj Oil Mills Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Raj Oil Mills Rights Issue 2023 available on the list.
- Click the Apply button next to the Raj Oil Mills Rights Issue 2023.
- Fill and check your information.
- Submit the application.
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Raj Oil Mills Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Raj Oil Mills Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
