The Jyoti Structures date has been confirmed from April 15, 2024, to April 29, 2024. Read the post to learn about the Jyoti Structures Right Issue.
The Jyoti Structures IPO has a fixed issue size of ₹175 Crores. Jyoti Structures Limited, founded in 1974, provides Engineering, Procurement, and Construction (EPC) solutions for power transmission and distribution networks. The company provides end-to-end solutions and services, such as inception, conceptualization, survey, design, engineering, testing, fabrication, supply, sourcing, mobilisation, civil works, erection, and commissioning of transmission lines, substations, and distribution networks based on customer specifications.
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Key Details Of Jyoti Structure
Bidding Dates
April 15-29
Issue Size
₹175 Crores
Face Value
₹2 per share
Record Date
March 21, 2024
Jyoti Structures IPO Record Date
The Jyoti Structures Record date is March 21, 2024.
Jyoti Structures IPO Overview
Jyoti Structures Limited, founded in 1974, provides Engineering, Procurement, and Construction (EPC) solutions for power transmission and distribution networks. The company offers end-to-end solutions and services, such as inception, conceptualization, survey, design, engineering, testing, fabrication, supply, sourcing, mobilisation, civil works, erection, and commissioning of transmission lines, substations, and distribution networks based on customer specifications.
The company provides services such as design and engineering, gearbox tower production and testing, construction, and project management. The company’s clients include power transmission and distribution firms. The company has completed projects and exported items to clients in the United States, United Kingdom, Canada, France, South Africa, Bangladesh, Tanzania, Kenya, Kuwait, Rwanda, Tajikistan, United Arab Emirates, Algeria, the Philippines, and Georgia.
To ensure the production of high-quality products and equipment, the company maintains OHSAS 18001-certified facilities and follows all international standards, including ISO 9001 and ISO 1401.
Jyoti Structures Rights Issue Detail
| Issue Open | April 15, 2024 – April 29, 2024 |
| Security Name | Jyoti Structures Ltd. |
| Issue Size (Shares) | 116,666,666 |
| Issue Size (Amount) | ₹175.00 Crores |
| Issue Price | ₹15 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Issue Price of Rs.15/- payable on Application |
| Entitlement | 6 Rights Equity Share(s) for every 37 fully paid-up Equity Shares held on Record Date |
Jyoti Structures Ltd Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,256.77 | 2,285.41 | 2,192.98 | 1,400.47 |
| Revenue | 270.01 | 231.07 | 5.44 | 0.15 |
| Profit After Tax | 13.70 | -4.07 | -34.21 | -1,767.14 |
| Net Worth | -28.96 | 22.62 | 151.88 | -11,369.98 |
| Reserves and Surplus | -223.36 | -188.98 | -65.34 | -11,461.38 |
| Total Borrowing | 1,859.41 | 1,803.30 | 1,691.00 | 4,806.09 |
| Amount in ₹ Crore | ||||
Jyoti Structures IPO Timeline
| Last Date to buy shares | March 20, 2024 |
| Record Date | March 21, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 15, 2024 |
| Renunciation of Rights Entitlements | April 24, 2024 |
| Bid/Offer Closes On | April 29, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The Net Proceeds from the Issue are proposed to be utilized towards the following objects:
- Payment of NCLT-approved resolution plan dues
- Meeting costs, expenses, charges, and other payment commitments/obligations, including margin requirements associated with financing to be raised from banks and financial institutions for the company’s operations.
- General corporate purposes
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Jyoti Structures Ltd. |
| Phone number | 022-40915000 |
| Email ID | [email protected] |
| Website | jyotistructures.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.
Jyoti Structures IPO FAQs
What is the issue price for Jyoti Structures Limited Rights Issue 2024?
Jyoti Structures Limited Rights Issue 2024 price is set at ₹15 per share per equity share.
In what ratio is the Jyoti Structures Limited Rights Issue 2024 offered?
The eligible shareholders are being offered 6 Rights Equity Share(s) for every 37 fully paid-up Equity Shares held on Record Date (March 21, 2024).
What is the record date for Jyoti Structures Limited Rights Issue 2024?
The record date for the Jyoti Structures Limited Rights Issue 2024 is March 21, 2024.
What is the issue size of Jyoti Structures Limited Rights Issue 2024?
The issue size of Jyoti Structures Limited Rights Issue 2024 is of 116,666,666 equity shares at ₹15 per share aggregating upto ₹175.00 Crores.
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