Rungta Irrigation, established in 1986, specializes in manufacturing, developing, assembling, and distributing pipe-based sprinkler irrigation systems.
The company has completed 2368 projects and received 366 honours. The company employs 999 people.
HDPE Sprinkler Systems, Drip Irrigation Systems, HDPE Piping Systems, Rungta Irrigation uPVC Pipes, RUNGTA Rigid PVC Pipes, and Blue Casing Pipes for Bore Well are all part of the product line.
Manufacturing facilities for the company are located in Pondicherry, Uttar Pradesh, Hyderabad, and Jamshedpur.
Objects of the Issue:
The objects of the Issue are:
- Repayment of loan.
- Working Capital Requirements.
- General corporate purposes.
Rungta Irrigation Rights Issue 2022 Detail
| Issue Open | Dec 9, 2022 – Dec 15, 2022 |
| Security Name | Rungta Irrigation Ltd. |
| Issue Size (Shares) | 11,070,125 |
| Issue Size (Amount) | ₹12.18 Crores |
| Issue Price | ₹11 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The amount of Rs. 3 per share has to be paid at the time of Application, Rs. 4 on On First Call and Rs. 4 Second Call. |
| Entitlement | 1.25 Equity Shares for every 1 Equity Shares held on the Record Date |
Rungta Irrigation Rights Issue 2022 Issue Timetable
| Record Date | Nov 11, 2022 |
| Credit of Rights Entitlements | Dec 8, 2022 |
| Bid/Offer Opens On | Dec 9, 2022 |
| Renunciation of Rights Entitlements | Dec 12, 2022 |
| Bid/Offer Closes On | Dec 15, 2022 |
| Deemed Date of Allotment | Dec 20, 2022 |
| Credit Date | Dec 22, 2022 |
| Listing Date | Dec 23, 2022 |
Rungta Irrigation Ltd. Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-21 | 90.87 | 48.07 | 0.55 | 64.89 | 56.04 | 16.33 |
| 31-Mar-22 | 103.63 | 71.87 | 1.28 | 66.12 | 57.26 | 23.4 |
Company Contact Information
Rungta Irrigation Ltd.
101, Pragati Towers,
26, Rajendra Place,
New Delhi – 110 008
Phone: +91-(11)-40453330 – 332
Email: [email protected]
Website: https://www.rungtairrigation.in
Rungta Irrigation Rights Issue 2022 Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: [email protected]
Website: http://www.beetalfinancial.com
Rungta Irrigation Rights Issue 2022 FAQs
Q1. When is Rungta Irrigation Rights Issue 2022 coming?
Ans. The Rungta Irrigation Rights Issue 2022 opens on Dec 9, 2022, and closes on Dec 15, 2022.
Q2. What is the issue price for Rungta Irrigation Rights Issue 2022?
Ans. Rungta Irrigation Rights Issue 2022 price is set at ₹11 per share per equity share.
Q3. In what ratio is the Rungta Irrigation Rights Issue 2022 offered?
Ans. The eligible shareholders are being offered 1.25 Equity Shares for every 1 Equity Shares held on the Record Date (Nov 11, 2022).
Q4. What is the record date for Rungta Irrigation Rights Issue 2022?
Ans. The record date for the Rungta Irrigation Rights Issue 2022 is Nov 11, 2022.
Q5. What is the issue size of Rungta Irrigation Rights Issue 2022?
Ans. The issue size of Rungta Irrigation Rights Issue 2022 is of 11,070,125 equity shares at ₹11 per share aggregating upto ₹12.18 Crores.
Q6. How to apply for Rungta Irrigation Rights Issue 2022?
Ans. You can apply for Rungta Irrigation Rights Issue 2022 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Rungta Irrigation Rights Issue 2022 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Rungta Irrigation Rights Issue 2022 available on the list.
- Click the Apply button next to the Rungta Irrigation Rights Issue 2022.
- 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 Rungta Irrigation Rights Issue 2022 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Rungta Irrigation Rights Issue 2022 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
