Andhra Cements Rights Issue dates are not finalized.
Andhra Cements primarily manufactures and markets various types of cement products. The main products include Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC), both produced at their manufacturing plants in Dachepalli and Visakhapatnam, Andhra Pradesh. The company also produces clinker, which is a key intermediate product in the cement manufacturing process. These products are marketed under the Durga Brand, which has established a significant presence in the regional market, particularly in Andhra Pradesh and Telangana, with a portion of sales extending to neighboring states like Tamil Nadu and Karnataka.
Andhra Cements distributes its products through two main channels: a “Trade Channel” that supplies cement to retailers via an extensive dealer network, and a “Non-Trade Channel” that sells directly to institutional and bulk buyers. For the fiscal year ending 31 March 2024, these channels contributed 55% and 45% of the company’s operating revenue, respectively. Cement produced at the Sri Durga Cement Works facility is marketed under the “Sagar Cement” brand.
As of 31 July 2024, Andhra Cements maintained a wide-reaching network of partners, including 85 clearing and forwarding agents, 3,074 dealers, and 7,207 sub-dealers. The company currently sells and distributes its cement across Andhra Pradesh, Telangana, and Tamil Nadu.
Promoters of Andhra Cements – Sagar Cements Limited
Table of Contents
Andhra Cements Rights Issue Details
| Andhra Cements Rights Issue Date | Coming soon |
| Andhra Cements Rights Issue Price | INR per share |
| Issue Size (in Shares) | shares |
| Issue Size (in INR) | INR 180 crore |
| Issue Entitlement | equity shares for every equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Andhra Cements Rights Issue Record Date | Coming soon |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Andhra Cements Rights Issue Calculation
| Andhra Cements Rights Issue Price | INR per share |
| Market Price on Rights Issue Approval | INR per share |
| Dilution Factor (X) | |
| Fair Value After Dilution at Prevailing Price | INR per share |
Andhra Cements Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 0 | 0 | 268.11 |
| Expenses | 31.0 | 25.0 | 271.0 |
| Operating Margin (%) | 0 | 0 | (1.0) |
| Net Income | (236.30) | (949.62) | (65.61) |
| ROCE (%) | (45.0) | (15.0) | (6.0) |
Andhra Cements Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Capital expenditure for part-funding of capacity expansion and modernization of existing manufacturing facility at “Sri Durga Cement Works”, Dachepalli, Palnadu District, Andhra Pradesh (“Proposed Project”)
- General Corporate Purposes
Andhra Cements Rights Offer Documents
- Andhra Cements Rights Issue Application Form
- Andhra Cements Letter of Offer
- Board Meeting Outcome
- Andhra Cements Draft Letter of Offer
- Rights Issue in 2024
Andhra Cements Rights Issue Dates
| Rights Issue Approval Date | Coming soon |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Andhra Cements Rights Offer Lead Manager
ANAND RATHI ADVISORS LIMITED
11th Floor, Times Tower, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel, Mumbai, 400013
Phone: +91 22 4047 7120
E-mail: [email protected]
Website: www.anandrathiib.com
Andhra Cements Rights Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Telephone: +91 40 67162222/18003094001
Email: [email protected]
Website: www.kfintech.com
Andhra Cements Contact Details
ANDHRA CEMENTS LIMITED
Plot No. 111, Road No.10, Jubilee Hills,
Hyderabad – 500 033, Telangana, India
Phone: +91 40 – 23351571/23356572
Email: [email protected]
Website: www.andhracements.com
Andhra Cements Rights Offer FAQs
What is the Andhra Cements Rights Issue Price?
The issue price is INR per share.
What is the Andhra Cements Rights Issue entitlement ratio?
The eligible shareholders are offered Equity Shares for every Equity Shares held on the record date.
What is the Andhra Cements Rights Issue Record Date?
The Record date is 2024.
How to Apply in Andhra Cements Rights Offer?
The best way to apply in the Andhra Cements Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
