The Franklin Industries Ltd date has been confirmed from May 24, 2024 – June 11, 2024.
The Franklin Industries Ltd. IPO has a fixed issue size of ₹38.83 Crores. The company practices contract manufacturing by leasing agricultural land where they cultivate Cucumbers, Onions, and Castor. The company shares a part of the yield with the farmers who work on a contractual basis on the leased land, thereby supporting the local farmers’ community.
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Key Details Of Franklin Industries Ltd
Bidding Dates
May 24 – June 11
Issue Size
₹38.83 Crores
Face Value
₹1 per share
Record Date
May 13, 2024
Franklin Industries Ltd Record Date
The Franklin Industries Ltd Record Date is May 13, 2024.
IPO Overview
Franklin Industries Limited was established in February 1983. It is a company that specializes in trading agricultural commodities like wheat, rice, maize, vegetables, fruits, and other agricultural products. Additionally, we offer contract manufacturing services for agricultural products like cucumber, onion, and castor. We procure these products from manufacturers by making advance payments or adhering to agreed terms and subsequently distributing them to our network of distributors. Over time, we have built strong connections with farmers as well as the wholesaler and retailer community through our presence in the market.
Franklin Industries Ltd Rights Issue Detail
| Issue Open | May 24, 2024 – June 11, 2024 |
| Security Name | Franklin Industries Ltd |
| Issue Size (Shares) | 108,450,000 |
| Issue Size (Amount) | ₹38.83 Crores |
| Issue Price | ₹3.58 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price of Rs. 3.58/- per Equity Share shall be payable at the time of application. |
| Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Franklin Industries Rights Issue 2024 Timetable
| Last Date to buy shares | May 10, 2024 |
| Record Date | May 13, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | May 24, 2024 |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | June 11, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Franklin Industries Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 9.82 | 11.33 | 6.34 |
| Revenue | 20.52 | 17.08 | 15.17 |
| Profit After Tax | 0.21 | 0.01 | 15.17 |
| Reserves and Surplus | 0.48 | 0.26 | 0.25 |
| Amount in ₹ Crore | |||
Company Profile
Franklin Industries Limited, with CIN: L74110GJ1983PLC092054, was established on February 8, 1983, under the Companies Act, 1956. The Company received the Certificate of Commencement of Business on March 1, 1983, from the Registrar of Companies, Calcutta. The registered office was relocated to Ahmedabad from West Bengal on May 18, 2016. The company specializes in trading agricultural commodities like wheat, rice, maize, vegetables (capsicum, tomato), fruits (Mango, Watermelon, Grapes), and other agricultural products.
Additionally, the company is involved in contract manufacturing for agricultural products such as Cucumber, Onion, and Castor. The agricultural products are sourced from manufacturers through advance payments or agreed terms and then distributed to our network of distributors. Our strong presence in the market has allowed us to establish solid relationships with farmers, wholesalers, and retailers.
Registrar Info
| Name | Coming Soon |
| Phone number | Coming Soon |
| Email ID | Coming Soon |
| Website | Coming Soon |
Contact Details
| Name | Franklin Industries Ltd |
| Phone number | +917621806491 |
| Email ID | [email protected] |
| Website | franklinindustries.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Franklin Industries Ltd IPO FAQs
In what ratio is the Franklin Industries Rights Issue 2024 offered?
The eligible shareholders are being offered 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (May 13, 2024).
What is the record date for Franklin Industries Rights Issue 2024?
The record date for the Franklin Industries Rights Issue 2024 is May 13, 2024.
What is the issue size of Franklin Industries Rights Issue 2024?
The issue size of Franklin Industries Rights Issue 2024 is of 108,450,000 equity shares at ₹3.58 per share aggregating upto ₹38.83 Crores.
