The Nagreeka Exports date has been confirmed from February 12, 2024, to February 23, 2024. Read the post to learn about the Nagreeka Exports Rights Issue.
Nagreeka Exports Developers IPO is a fixed-price issue of ₹37.50 Crores. Nagreeka Exports Limited, founded in 1989, produces and exports yarns, fabrics, and textiles. The company’s production plant is in Kolhapur, India, and it has approximately 150,000 spindles.
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Key Details Of Nagreeka Exports
Bidding Dates
Feb 12-23
Issue Size
₹37.50 Crores
Face Value
₹5 per share
Record Date
January 30, 2024
Nagreeka Exports IPO GMP
The Nagreeka Exports Record Date is January 30, 2024.
Nagreeka Exports IPO Overview
Nagreeka Exports Limited, founded in 1989, produces and exports yarns, fabrics, and textiles. The company’s production plant is in Kolhapur, India, with approximately 150,000 spindles.
The company’s product portfolio includes:
- 100% cotton yarns: combed, carded, open end, TFO doubled, compact yarns
- Specialty yarns: organic yarns, slub yarns, organic slub yarns, regular and reverse twist yarns, core spun yarns, chenille yarns, dyed/gassed/mercerized yarns, high twist yarns, viscose yarns – O.E./ringspun, polyester spun yarns, poly viscose blends, polyester-cotton blends and viscose-cotton blends.
- Fabrics and textiles: These include raw, printed and finished fabrics based on cotton or cellulose. They are available in the weights rib, jersey, interlock, fleece, pique or polo.
Nagreeka Exports Rights Issue Detail
| Issue Open | February 12, 2024 – February 23, 2024 |
| Security Name | Nagreeka Exports Ltd. |
| Issue Size (Shares) | 18,749,550 |
| Issue Size (Amount) | ₹37.50 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price being Rs.20/- will be payable on application. |
| Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Nagreeka Exports Ltd. Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 329.33 | 346.04 | 351.89 |
| Revenue | 390.79 | 552.65 | 385.32 |
| Profit After Tax | 3.03 | 6.19 | -8.32 |
| Net Worth | 111.05 | 109.12 | |
| Reserves and Surplus | 103.91 | 100.88 | 94.68 |
| Amount in ₹ Crore | |||
Nagreeka Exports IPO Timeline
| Last Date to buy shares | January 29, 2024 |
| Record Date | January 30, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | February 12, 2024 |
| Renunciation of Rights Entitlements | February 19, 2024 |
| Bid/Offer Closes On | February 23, 2024 |
| Deemed Date of Allotment | March 5, 2024 |
| Credit Date | March 14, 2024 |
| Listing Date | March 19, 2024 |
Company Profile
Objects of the Issue:
The company intends to utilize the gross proceeds raised through the Issue after deducting the Issue related expenses (Net Proceeds) for the following objects:
- Repayment of borrowings availed in the form of unsecured loans from our Promoters, Sushil Patwari and Sunil Ishwarlal Patwari;
- Redemption of outstanding cumulative non-convertible
redeemable preference shares held by the Promoter, Sushil Patwari;
- Funding capital expenditure of the company; and
- General corporate purposes.
Registrar Info
| Name | Maheshwari Datamatics Pvt. Ltd |
| Phone number | 033 22435029 / 22482248 |
| Email ID | [email protected] |
| Website | mdpl.in |
Contact Details
| Name | Nagreeka Exports Ltd. |
| Phone number | +91-22-61447500, |
| Email ID | [email protected] |
| Website | nagreeka.com |
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.
Nagreeka Exports IPO FAQs
What is the issue price for Nagreeka Exports Rights Issue 2024?
Nagreeka Exports Rights Issue 2024 price is set at ₹20 per share per equity share.
In what ratio is the Nagreeka Exports Rights Issue 2024 offered?
The eligible shareholders are being offered 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (January 30, 2024).
What is the record date for Nagreeka Exports Rights Issue 2024?
The record date for the Nagreeka Exports Rights Issue 2024 is January 30, 2024.
What is the issue size of Nagreeka Exports Rights Issue 2024?
The issue size of Nagreeka Exports Rights Issue 2024 is of 18,749,550 equity shares at ₹20 per share aggregating upto ₹37.50 Crores.
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