Let’s have a detailed review of the company and analytics of the Texmaco Rail & Engineering Rights Issue offer open date, Term of payment, Texmaco Rail & Engineering Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 1
Issue PriceRs 23
Listing AtBSE
Min. Lot Size[●] Eq Shares
Record DateOctober 22, 2021
Issue Size (Rs.)Rs 16,451.13 Lakhs
Shares for Issue7,15,26,643 Eq Shares
Rights entitlement2 (Two) Equity Shares for every 7 (Seven) Equity Shares held on
the Record Date

Texmaco Rail & Engineering Rights Issue is listed at BSE. Check out the live share price by clicking on the below link.


Texmaco Rail & Engineering Rights Issue – Summary

Texmaco Rail & Engineering Rights IssueThey are a part of the Adventz Group of companies, which is engaged in various sectors such as agribusiness, engineering, infrastructure, real estate, consumer durables, and services sectors. And one of the few private sector companies engaged in signalling, rail telecommunication, track constructions, and a leading player in the field of ballast less tracks for metro rail EPC.

Texmaco is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment, and industrial structures for the infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, and pressure vessels, etc. They also execute EPC contracts for the execution of railway track, signalling and telecommunication projects on a turnkey basis

The Promoter of this company is EXMACO INFRASTRUCTURE & HOLDINGS LIMITED AND ZUARI INVESTMENTS LIMITED. The lead manager to the issue is ICICI Securities Limited and SKP Securities Limited, and the Registrar to this issue is KFin Technologies Private Limited.


Texmaco Rail & Engineering Rights Issue Date

The opening and the closing date of the IPO of Texmaco Rail & Engineering Limited are Nov 1, 2021, and Nov 15, 2021, respectively.


Texmaco Rail & Engineering 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.

Texmaco Rail & Engineering Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
Nov 1, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsNov 8, 2021
Issue Closing DateNov 15, 2021
Finalizing the basis of allotment with the Designated Stock ExchangeNovember 22, 2021
Record dateOctober 22, 2021
Date of AllotmentNovember 23, 2021
Credit of Shares to Demat AccountNovember 24, 2021
Share Listing DateNovember 25, 2021

Texmaco Rail & Engineering Rights Issue Price

The face value of each share is Rs.1, but the Cash Price is Rs.23 per Eq share. 


Texmaco Rail & Engineering Rights Issue Equity Size

This Initial Public Issue of 7,15,26,643 Equity Shares of Rs.1 each for cash at a price of Rs.23 per equity share aggregating to Rs 16,451.13 Lakhs.


Texmaco Rail & Engineering Rights Issue – Live Performance

The listing date of this IPO is November 25, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Texmaco Rail & Engineering Share Price

Texmaco Rail & Engineering Rights Issue – Company Overview

Their Company became operational in April 1, 2010, post the demerger of the heavy engineering and steel foundry division of Texmaco Limited, a company founded in 1939. Texmaco Limited was set up as a textile machinery manufacturing unit and subsequently diversified into other engineering fields including wagon manufacturing, hydro-mechanical equipment, steel castings, providing services to core sectors and process industries in India and abroad.

Their major operating divisions presently are: (i) the heavy engineering division comprising of the manufacture and supply of wagons, hydro-mechanical equipment, and bridges and steel structures; (ii) the steel foundry division, and (iii) rail engineering procurement construction (“EPC”) division. In addition, as a part of their heavy engineering division, they have set up a production facility comprising of the traction and coaching division to manufacture EMU, DEMU, MEMU coaches, passenger coaches, locomotive shells, locomotive components, and assemblies.

They have also expanded their market overseas and have exported wagons and rolling stock to various countries.

They have exported Phosphoric acid stainless steel wagons to Senegal, covered wagons with sliding doors and dreadnought end to Uganda, under execution tank and container flat wagons to countries.


Texmaco Rail & Engineering 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 & Lakhs)
31-Mar-2131-Mar-20
Total Assets264157.90288655.90
*Total Revenue171,387.95185,252.97
Total Expense171,054.28180,460.81
Profit After Tax1,202.26(6,492.44)

Earnings per Equity Share (in Lakhs)

31-Mar-2131-Mar-20
Basic0.62(2.88)
Diluted0.62(2.88)

Texmaco Rail & Engineering Rights Issue – Promoters

The Promoters of this company are:

  1. EXMACO INFRASTRUCTURE & HOLDINGS LIMITED
  2. ZUARI INVESTMENTS LIMITED

List of Related Parties (Key Managerial Personnel)

  • Saroj Kumar Poddar, Executive Chairman
  • Indrajit Mookerjee, Managing Director
  • Ashish Kumar Gupta, Executive Director designated as Deputy Managing Director
  • Ashok Kumar Vijay, Executive Director designated as Chief Financial Officer
  • Damodar Hazarimal Kela, Executive Director
  • Akshay Poddar, Non – Executive Non- Independent Director

Texmaco Rail & Engineering Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 7,15,26,643 Equity Shares
Rights Entitlement2 (Two) Equity Shares for every 7 (Seven) Equity Shares held on
the Record Date
Record DateOctober 22, 2021
Issue Price per Rights Equity SharesRs.23/-
Issue SizeUp to 7,15,26,643  Equity Shares of the face value of Rs 1 each for cash at a price of Rs 23 per Rights Equity Share up to the amount of Rs 16,451.13 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue25,03,43,252 Equity Shares
Equity Shares subscribed and paid-up after the IssueUp to 32,18,69,895 Equity Shares

Texmaco Rail & Engineering Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Repayment or prepayment of inter-corporate deposit (“ICD”) and unsecured loans;
2. Funding working capital requirements of their Company; and
3. General corporate purposes

Texmaco Rail & Engineering Rights Issue – Business Strategy

  • Focusing on the rail EPC division to consolidate position as a total rail solution provider and tapping global opportunities in the Rail EPC
  • Leveraging on the capabilities of their foundry
  • Focus on strengthening exports and targeting new markets
  • Development of new technology products
  • Entering into manufacturing for the Indian defence sector
  • Improving working capital levels

Texmaco Rail & Engineering Rights Issue Lead Managers

Lead Managers

ICICI Securities Limited

SKP Securities Limited

Texmaco Engineering Rights Issue Registrar to offer

Registrar to the Offer
KFin Technologies Private Limited
Selenium, Tower B, Plot No- 31 and 32, Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareddi 500 032
Telangana, India.
Telephone: +91 40 6716 2222
Fax: +91 40 2343 1551
Toll free number: 1800 309 4001
Website: www.kfintech.com
Email ID: texmaco.rights@kfintech.com
Investor grievance e-mail:
einward.ris@kfintech.com
Contact Person: M. Muralikrishna
SEBI Registration No.: INR000000221

Texmaco Rail Rights Issue – Other Details

  • Statutory Auditor – M/s. L. B. Jha & Co., Chartered Accountants
  • Legal Counsel to the Company – Khaitan & Co
  • Bankers to the Company –IndusInd Bank Limited and Self-Certified Syndicate Banks


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    Texmaco Rail & Engineering Limited Rights Issue News

    News 1 – Texmaco Rail & Engineering Rights Issue Draft Download

    News 2 –  Texmaco Rail & Engineering Rights Issue Letter of Offer


    Texmaco Rail & Engineering Rights Issue Review FAQs

    Where to download Texmaco Rail Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Texmaco Rail & Engineering 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 Texmaco Rail & Engineering Rights Issue?

    Application forms of Texmaco Rail & Engineering Rights Issue can be obtained via multiple destinations. You can seek out for the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose either online or offline mode to submit it.

    How to check Texmaco Rail Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Texmaco Rail & Engineering Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section in the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Texmaco Rail 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.23 per Equity Share through Texmaco Rail & Engineering Rights Issue.

    Who is the registrar to Texmaco Rail Rights Issue?

    Registrar, as chosen by Texmaco Rail & Engineering is KFin Technologies 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 Texmaco Rail 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 Texmaco Rail & Engineering Rights Issue is all set to open on Nov 1, 2021.

    When the Texmaco Rail Rights Issue is closing?

    While the offer would open on Nov 1, 2021, it is most likely scheduled to close on Nov 15, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Texmaco Rail & Engineering Rights Issue.

    What is the Texmaco Rail Engineering Rights Issue size?

    Texmaco Rail & Engineering Rights Issue is a proposal to raise 7,15,26,643 Equity shares, aggregating to Rs 16,451.13 Lakhs, 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 Texmaco Rail Rights Issue Lead manager?

    A designated underwriter or lead manager of Texmaco Rail & Engineering Rights Issue is ICICI Securities Limited and SKP Securities Limited. 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 Texmaco Rail Rights Issue?

    There are a bunch of important dates regarding the Texmaco Rail & Engineering Rights Issue, which you need to know about. The priority should be the Record Date of October 22, 2021 ., 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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