Pacific Industries Rights Issue Details, Dates, Size, Allotment and more
Last Updated Date: Jan 16, 2023Let’s have a detailed review of the company and analytics of the Pacific Industries Rights Issue offer open date, Term of payment, Pacific Industries Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Issue Price | Rs 139 |
| Listing At | BSE |
| Min. Lot Size | 3,446,325 Eq Shares |
| Record Date | Jan 11, 2023 |
| Issue Size (Rs.) | Rs 47.90 Crores |
| Shares for Issue | 3,446,325 Eq Shares |
| Rights entitlement | One Rights Equity Share for every one fully paid-up Equity Share |
Pacific Industries Rights Issue is listed at BSE. Check out the live share price by clicking on the below link.
Pacific Industries Rights Issue – Summary
Their company was established in the year 1989 by its visionary promoter and managing director Shri J P Agarwal.
The Company had started its business in the field of Granite mining and Granite Processing with gang saw and polishing machines at Udaipur, Rajasthan. Thereafter the Company had set up a new granite processing plant at Bangalore, Karnataka in the year 1995.
The Promoter of this company is MR. JAGDISH PRASAD AGARWAL, MRS. GEETA DEVI AGARWAL AND MR. KAPIL AGARWAL. The lead manager to the issue is SRUJAN ALPHA CAPITAL ADVISORS LLP, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Pacific Industries Rights Issue Date
The opening and closing dates of the IPO of Pacific Industries Limited are Jan 19, 2023, and Feb 2, 2023, respectively.
Pacific Industries Rights Issue Allotment Status
Here, you can find the Allotment Status of this Right Issue.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Pacific Industries Rights Issue Dates
Find the dates below on basis of allotment, record, listing, and more:
| Issue Opening Date |
Jan 19, 2023 |
| Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements | Jan 30, 2023 |
| Issue Closing Date | Feb 2, 2023 |
| Credit of Rights Entitlements | Jan 13, 2023 |
| Record date | Jan 11, 2023 |
| Date of Allotment | Feb 10, 2023 |
| Credit of Shares to Demat Account | Feb 13, 2023 |
| Share Listing Date | Feb 15, 2023 |
Pacific Industries Rights Issue Price
The face value of each share is Rs.10, but the Cash Price is Rs.139 per Eq share.
Pacific Industries Rights Issue Equity Size
This Initial Public Issue of 3,446,325 Equity Shares of Rs.10 each for cash at a price of Rs.139 per equity share aggregating to Rs 47.90 Crores.
Pacific Industries Rights Issue – Live Performance
The listing date of this IPO is Feb 15, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Pacific Industries Share Price |
Pacific Industries Rights Issue – Company Overview
Their Company is currently engaged in the business of processing natural stones and manufacturing engineered quartz. Natural stones are produced by complex geological processes and include a number of products such as granite, limestone, marble, slate, quartzite, onyx, sandstone, travertine, and others that are quarried from the earth.
Natural stones are widely known for their uniqueness, aesthetic appeal, texture, color, and composition as no two natural stones are the same.
Engineered quartz, on the other hand, is an example of engineered stone used in the countertop industry, which is a composite material made up of crushed stone bonded by an adhesive.
They have two units, one located at Bedla, Udaipur and the second located at Nelamangala Taluka, Bangalore for processing and manufacturing of their products.
Pacific Industries Rights Issue – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR) | ||
| 31-Mar-22 | 31-Mar-21 | |
| Total Assets |
51,058.08
|
47,517.51 |
| *Total Revenue | 29,341.53 | 18,586.43 |
| Total Expense | 27,185.33 | 17,087.24 |
| Profit After Tax | 1,591.68 | 1,041.34 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-22 | 31-Mar-21 | |
| Basic | 46.19 | 30.22 |
| Diluted | 46.19 | 30.22 |
Pacific Industries Rights Issue – Promoters
The Promoters of this company are:
- MR. JAGDISH PRASAD AGARWAL
- MRS. GEETA DEVI AGARWAL
- MR. KAPIL AGARWAL
List of Related Parties (Key Managerial Personnel)
- Jagdish Prasad Agarwal, Managing Director
- Kapil Agarwal, Director & Chief Financial Officer
Pacific Industries Rights Issue Details
| Particulars | Details of Equity Shares |
| Equity Shares proposed to be issued | Up to 34,46,325 Equity Shares |
| Rights Entitlement | 34,46,325 |
| Record Date | January 11, 2023 |
| Issue Price per Rights Equity Shares | Rs.139/- |
| Issue Size | Up to 34,46,325 Equity Shares of the face value of Rs 10 each for cash at a price of Rs 139 per Rights Equity Share up to the amount of Rs 47.90 Crores |
| Equity Shares issued, subscribed, and paid up prior to the Issue | 34,46,325 Equity Shares |
| Equity Shares subscribed and paid up after the Issue | Up to 68,92, 650 Equity Shares |
Pacific Industries Rights Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment of Unsecured Loan availed from the related party;
- Working Capital Requirements
- General Corporate Purpose
Pacific Industries – Business Strategy
-
Leveraging their Marketing Skills and Relationships
-
Increasing their global footprint and augmenting growth in current geographies
-
Strengthen their brand value
-
Enhanced focus on efficiency, cost and return on capital
-
Continuous Technological upgradation
-
Continue to develop talent and skilled workforce and inculcate good business practices
Pacific Industries Rights Issue Lead Managers
| Lead Managers |
| SRUJAN ALPHA CAPITAL ADVISORS LLP Registered Office: 112A, Arun Bazar, Swami Vivekananda Road, Malad West, Mumbai-400064 Maharashtra Correspondence Address: 824 & 825, Corporate Avenue, Sonawala Rd, opposite Atlanta Centre, Sonawala Industry Estate, Goregaon, Mumbai-400064 Tel: +91–22–46030709 E-mail: pil.rightsissue@srujanalpha.com Website: www.srujanalpha.com Contact Person: Mr. Jinesh Doshi LLPIN No.: AAW-1680 SEBI Registration No.: INM000012829 |
Pacific Industries Issue Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C 101, 1st Floor, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai -400083, Maharashtra Tel: 8108114949 Email: pacific.rights@linkintime.co.in Investor grievance email: pacific.rights@linkintime.co.in Contact Person: Mr. Sumeet Deshpande Website: www.linkintime.co.in SEBI Registration Number: INR000004058 |
Pacific Industries Issue Details
- Statutory Auditor – M/s Ravi Sharma & Co, Chartered Accountants
- Legal Counsel to the Company – CHIRAMRIT LEGAL LLP
- Bankers to the Company – HDFC Bank Limited
Subscribe to Pacific Industries Rights Issue
Pacific Industries Limited Rights Issue News
News 1 – Pacific Industries Rights Issue Draft Download
News 2 – Pacific Industries Rights Issue Letter of Offer
Pacific Industries Rights Issue Review FAQs
Where to download Pacific Industries Rights Issue letter of offer?
This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Pacific Industries Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.
Where to download the Application Form for Pacific Industries Rights Issue?
Application forms of this Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.
How to check Pacific Industries Rights Issue allotment date?
They are highly oriented to provide you with end-to-end details of the this Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.
What is the Pacific Industries Rights Issue price per share?
Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.139 per Equity Share through this Rights Issue.
Who is the registrar to Pacific Industries Rights Issue?
Registrar, as chosen by Pacific Industries is LINK INTIME INDIA PRIVATE LIMITED. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.
When the Pacific Industries Rights Issue is opening?
They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the this Rights Issue is all set to open on Jan 19, 2023.
When the Pacific Industries Rights Issue is closing?
While the offer would open on Jan 19, 2023, it is most likely scheduled to close on Feb 2, 2023. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the this Rights Issue.
What is the Pacific Industries Issue size?
Pacific Industries Rights Issue is a proposal to raise NA Equity shares, aggregating to Rs 47.90 Crores, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.
Who is the Pacific Industries Lead manager?
A designated underwriter or lead manager of Pacific Industries Rights Issue is SRUJAN ALPHA CAPITAL ADVISORS LLP. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.
What are the important dates of the Pacific Industries Issue?
There are a bunch of important dates regarding the Pacific Industries Rights Issue, which you need to know about. The priority should be the Record Date of Jan 11, 2023., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.
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