Jyoti Structures Rights Issue is scheduled on 15 – 29 April 2024
Founded in 1974, Jyoti Structures specializes in providing Engineering, Procurement, and Construction (EPC) solutions for power transmission and distribution networks. The company delivers comprehensive solutions and services, from inception to completion, encompassing conceptualization, surveying, design, engineering, testing, fabrication, supply, sourcing, mobilization, civil works, erection, and commissioning of transmission lines, substations, and distribution networks according to customer specifications.
Jyoti Structures has built over 31,000 circuit kilometers of transmission lines, and more than 1,800 bays of substations, and has electrified over 37,325 villages. The company’s clients include power transmission and distribution companies. Jyoti Structures has completed projects and exported products to clients in various countries, including the USA, UK, Canada, France, South Africa, Bangladesh, Tanzania, Kenya, Kuwait, Rwanda, Tajikistan, UAE, Algeria, Philippines, and Georgia.
Jyoti Structures operates three manufacturing facilities in India, with two located in Nashik, Maharashtra, and one in Raipur, Chhattisgarh. The company has a total installed capacity of 116,160 metric tons across these three manufacturing units, which has been actively utilized over the past three years.
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Jyoti Structures Rights Issue Details
| Jyoti Structures Rights Issue Date | 15 – 29 April 2024 |
| Jyoti Structures Rights Issue Price | INR 15 per share |
| Issue Size (in Shares) | 116,420,710 shares |
| Issue Size (in INR) | INR 174.63 crore |
| Issue Entitlement | 6 equity shares for every 37 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Jyoti Structures Rights Issue Record Date | 21 March 2024 |
| Face Value | INR 2 per share |
| Listing On | NSE, BSE |
Jyoti Structures Rights Issue Calculation
| Jyoti Structures Rights Issue Price | INR 15 per share |
| Market Price on Rights Issue Approval | INR 20.05 per share |
| Dilution Factor (X) | 1.16 |
| Fair Value After Dilution at Prevailing Price | INR 19.35 per share |
Jyoti Structures Financial Performance
| Â | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 5.44 | 231.07 | 270.01 |
| Expenses | 39.66 | 235.15 | 256.31 |
| Operating Margin (%) | (823) | (0) | 12.52 |
| Net Income | (34.21) | (4.07) | 13.70 |
| ROCE (%) | (1.69) | (0.19) | 0.73 |
Jyoti Structures Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Payment of NCLT-approved resolution plan dues – INR 65 crore
- Meeting costs, expenses, charges, and other payment commitments/obligations including margin requirements associated with financing to be raised from banks and financial institutions for the operations of the company – INR 60 crore
- General corporate purposes – INR 42.63 crore
Jyoti Structures Rights Offer Documents
- Jyoti Structures Rights Issue Application Form
- Jyoti Structures Letter of Offer
- Board Meeting Outcome
Jyoti Structures Rights Issue Dates
| Rights Issue Approval Date | 20 March 2024 |
| Rights Issue Record Date | 21 March 2024 |
| Credit of Rights Entitlement | 12 April 2024 |
| Rights Issue Opening Date | 15 April 2024 |
| Last Date for Market Renunciation | 24 April 2024 |
| Rights Issue Closing Date | 29 April 2024 |
| Finalization of Basis of Allotment | 6 May 2024 |
| Rights Allotment Date | 6 May 2024 |
| Credit Date | 8 May 2024 |
| Listing Date | 10 May 2024 |
Jyoti Structures Rights Offer Lead Manager
ARIHANT CAPITAL MARKETS LIMITED
1011, Solitaire Corporate Park, Guru Hargovindji Road,
Chakala, Andheri (E), Mumbai – 400 093
Phone: 022-42254800
Email:Â [email protected]
Website:Â www.arihantcapital.com
Jyoti Structures Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Jyoti Structures Contact Details
JYOTI STRUCTURES LIMITED
6th Floor, Valecha Chambers, New Link Road,
Andheri (West), Mumbai 400 053, Maharashtra
Phone:Â 022-40915000
Email:Â [email protected]
Website: www.jyotistructures.in
Jyoti Structures Rights Offer FAQs
What is the Jyoti Structures Rights Issue Price?
The issue price is INR 15 per share.
What is the Jyoti Structures Rights Issue entitlement ratio?
The eligible shareholders are offered 6 Equity Shares for every 37 Equity Shares held on the record date.
What is the Jyoti Structures Rights Issue Record Date?
The Record date is 21 March 2024.
How to Apply in Jyoti Structures Rights Offer?
The best way to apply in Jyoti Structures 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.
