Franklin Industries Rights Issue Date, Price, Allotment, Entitlement


Last updated on May 24, 2024

Franklin Industries Rights issue

Franklin Industries Rights Issue is scheduled on 24 May – 11 June 2024

Franklin Industries trades agricultural commodities, including wheat, rice, maize, and vegetables such as capsicum and tomato. The company also trades fruits such as mango, watermelon, and grapes, as well as other agricultural products. Additionally, Franklin Industries engages in contract manufacturing for agricultural products like cucumber, onion, and castor.

The company acquires agricultural products from manufacturers either by making advance payments or following agreed terms. These products are then sold to its network of distributors. Due to its market presence, Franklin Industries has established strong relationships with both farmers and the wholesaler and retailer community.

In contract manufacturing, the company leases agricultural land to grow cucumber, onion, and castor to meet market demand. A portion of the yield is shared with farmers working on a contractual basis on the leased land, which supports the local farming community. As of February 2023, the company has exited the jewelry business, which involved trading gold and silver jewelry.

Franklin Industries

Promoters of Franklin Industries – Does not have an Identifiable Promoter

Franklin Industries Rights Issue Details

Franklin Industries Rights Issue Date24 May – 11 June 2024
Franklin Industries Rights Issue PriceINR 3.58 per share
Issue Size (in Shares)10,84,50,000 shares
Issue Size (in INR)INR 38.83 crore
Issue Entitlement3 equity shares for every 1 equity shares held on record date
Terms of PaymentFully payable at the time of application
Rights Issue Record Date13 May 2024
Face ValueINR 1 per share
Listing OnBSE

Franklin Industries Rights Issue Calculation

Franklin Industries Rights Issue PriceINR 3.58 per share
Market Price on Rights Issue ApprovalINR 6.44 per share
Dilution Factor (X) 4
Fair Value After Dilution at Prevailing PriceINR 4.30 per share

Franklin Industries Financial Performance

 FY 2021FY 2022FY 2023
Operating Margin (%)0.550.251.54
Net Income0.040.010.21
ROCE (%)1.300.2670.73
Figures in INR Crores unless specified otherwise

Franklin Industries Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

  • Working capital requirement – INR 29.26 crore
  • General Corporate Purpose – INR 9.32 crore
  • To meet Issue Expenses

Franklin Industries Rights Offer Documents

Franklin Industries Rights Issue Dates

Rights Issue Approval Date7 May 2024
Rights Issue Record Date13 May 2024
Credit of Rights Entitlement23 May 2024
Rights Issue Opening Date24 May 2024
Last Date for Market Renunciation5 June 2024
Rights Issue Closing Date11 June 2024
Finalization of Basis of Allotment14 June 2024
Rights Allotment Date15 June 2024
Credit Date 24 June 2024
Listing Date24 June 2024

Franklin Industries Rights Offer Registrar

D-153A, First Floor, Okhla Industrial Area,
Phase1, Delhi-110020
Phone: 011-40450193-197

Franklin Industries Contact Details

301, Signature 01, Nr.Jaguar Showroom,
S.G. Highway, Makarba, Ahmedabad, Gujarat-380015
Phone: 7621806491
[email protected]

Franklin Industries Rights Offer FAQs

What is the Franklin Industries Rights Issue Price?

The issue price is INR 3.58 per share.

What is the Franklin Industries Rights Issue entitlement ratio?

The eligible shareholders are offered 3 Equity Shares for every 1 Equity Shares held on the record date.

What is the Franklin Industries Rights Issue Record Date?

The Record date is 13 May 2024.

How to Apply for Franklin Industries Rights Offer?

The best way to apply for Franklin Industries 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.


Please enter your comment!
Please enter your name here