Jaykay Enterprises Rights Issue is scheduled on 27 August – 4 September 2024.
The company is a part of the J K Organisation, a diversified conglomerate. Initially engaged in manufacturing nylon and acrylic fibers, Jaykay Enterprises (JKE) later expanded into Registrar and Share Transfer Agent activities. Presently, the company has diversified itself into various areas including Additive Manufacturing systems, Prototyping, powder metallurgy, large-scale Digital Manufacturing, Reverse Engineering, and Plant modeling.
In the defense and aerospace sectors, it specializes in engineering products across various industry verticals, software designing and development, and manufacturing of parts and accessories used in the defense and aerospace sectors. Its work includes composite applications, underwater mines, and machining for the aerospace sector.
The company has formed strategic alliances with global industry leaders, including EOS Singapore Pte Ltd from Germany, specializing in additive manufacturing, and Phillips Machine from the USA, known for its expertise in CNC technology.
Promoters of Jaykay Enterprises – Mr. Abhishek Singhania
Table of Contents
Jaykay Enterprises Rights Issue Details
| Jaykay Enterprises Rights Issue Date | 27 August – 4 September 2024 |
| Jaykay Enterprises Rights Issue Price | INR 25 per share |
| Issue Size (in Shares) | 5,84,57,688 shares |
| Issue Size (in INR) | INR 146.14 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Jaykay Enterprises Rights Issue Record Date | 19 July 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Jaykay Enterprises Rights Issue Calculation
| Jaykay Enterprises Rights Issue Price | INR 25 per share |
| Market Price on Rights Issue Approval | INR 93.25 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 46.63 per share |
Jaykay Enterprises Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 10.70 | 46.96 | 52.66 |
| Expenses | 11.96 | 44.96 | 49.24 |
| Operating Margin (%) | (11.78) | 4.26 | 6.49 |
| Net Income | 17.58 | 8.27 | 9.60 |
| ROCE (%) | 17.31 | 2.77 | – |
Jaykay Enterprises Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Investment in its Wholly Owned Subsidiary JK Defence & Aerospace Limited to establish the manufacturing facility of defense-related products as detailed below and repayment of loan taken by JK Defence – INR 90 crore
- Investment in its Wholly Owned Subsidiary JK Digital & Advance Systems Private Limited for purchase of 3-D Printing machinery and establishment of a Center of Excellence of 3-D Printing – INR 48 crore
- General Corporate Purposes
Jaykay Enterprises Rights Offer Documents
- Jaykay Enterprises Rights Issue Application Form
- Jaykay Enterprises Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Jaykay Enterprises Rights Issue Dates
| Rights Issue Approval Date | 12 July 2024 |
| Rights Issue Record Date | 19 July 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 27 August 2024 |
| Last Date for Market Renunciation | 29 August 2024 |
| Rights Issue Closing Date | 4 September 2024 |
| Finalization of Basis of Allotment | 10 September 2024 |
| Rights Allotment Date | 10 September 2024 |
| Credit Date | 11 September 2024 |
| Listing Date | 13 September 2024 |
Jaykay Enterprises Rights Offer Lead Manager
CORPORATE PROFESSIONALS CAPITAL PRIVATE LIMITED
D-28, South Extension,
Part I, New Delhi -110049, India
Phone:Â +91 011 4062 2230
Email:Â [email protected]
Website: www.corporateprofessionals.com
Jaykay Enterprises Rights Offer Registrar
ALANKIT ASSIGNMENTS LIMITED
Alankit House, 4E/2,
Jhandewalan Extension, New Delhi-110055
Phone:Â +91 11 4254 1966
Email:Â [email protected]
Website: www.alankit.com
Jaykay Enterprises Issue Contact Details
JAYKAY ENTERPRISES LIMITED
Kamla Tower, Kanpur-208001, Uttar Pradesh, India
Phone:Â +91512-2371478
Email:Â [email protected]
Website: www.jaykayenterprises.com
Jaykay Enterprises Rights Offer FAQs
What is the Jaykay Enterprises Rights Issue Price?
The issue price is INR 25 per share.
What is the Jaykay Enterprises Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the Jaykay Enterprises Rights Issue Record Date?
The Record date is 19 July 2024.
How to Apply in Jaykay Enterprises Rights Offer?
The best way to apply in the Jaykay Enterprises 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.
