Lesha Industries Rights Issue Date, Price, Allotment, Entitlement


Last updated on July 11, 2024

Lesha Industries Rights Issue

Lesha Industries Rights Issue is scheduled on 22 Jul – 5 Aug 2024

Lesha Industries primarily engages in the trading and manufacturing of various steel products and the business of Information Technology & Allied Services. The company also operates in the capital market, dealing in shares and stocks. The company operates two main businesses:

  • Steel Division: The company is currently engaged in trading various steel products. Its steel plant, located at GIDC Kerala Estate near Ahmedabad, is under implementation. The main products that the company will manufacture include M.S. ingots, M.S. billets, S.S. billets, and rolled products like rounds, bars, and sections.
  • Information Technology Division: The company provides cutting-edge technological services in the heterogeneous networking segment. Specializing in cost-effective e-governance infrastructure, it offers internet and allied services in Western India, based in Gujarat. Managed by professionals with over 12 years of IT experience, the company excels in internet access, web solutions, networking, data entry, hardware distribution, and database management.
Lesha Industries Rights Issue Dates

Promoters of Lesha Industries – Mr. Ashok Chinubhai Shah, and Shalin Ashok Shah

Lesha Industries Rights Issue Details

Lesha Industries Rights Issue Date22 Jul – 5 Aug 2024
Lesha Industries Rights Issue PriceINR 2.80 per share
Issue Size (in Shares)17,60,00,000 shares
Issue Size (in INR)INR 49.28 crore
Issue Entitlement8 equity shares for every 5 equity shares held on record date
Terms of PaymentFully payable at the time of application
Lesha Industries Rights Issue Record Date10 July 2024
Face ValueINR 1 per share
Listing OnBSE

Lesha Industries Rights Issue Calculation

Lesha Industries Rights Issue PriceINR 2.80 per share
Market Price on Rights Issue ApprovalINR 3.87 per share
Dilution Factor (X)2.6
Fair Value After Dilution at Prevailing PriceINR 3.21 per share

Lesha Industries Financial Performance

 FY 2022FY 2023FY 2024
Operating Margin (%)6.762.8063.22
Net Income0.400.207.18
ROCE (%)2.850.92
Figures in INR Crores unless specified otherwise

Lesha Industries Rights Offer Objectives

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

  • To meet Working Capital requirements – INR 10.11 crore
  • To purchase of new office – INR 6 crore
  • Adjustment of Unsecured Loans of Promoter/Promoter Group towards Rights Equity Shares Application Money – INR 20.42 crore
  • General corporate purposes – INR 12 crore

Lesha Industries Rights Offer Documents

Lesha Industries Rights Issue Dates

Rights Issue Approval Date5 July 2024
Rights Issue Record Date12 July 2024
Credit of Rights EntitlementComing soon
Rights Issue Opening Date22 July 2024
Last Date for Market Renunciation27 July 2024
Rights Issue Closing Date5 August 2024
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

Lesha Industries Rights Offer Registrar

9, Shiv Shakti Industrial Estate, J.R.Boricha
Marg Lower Parel (East), Mumbai-400011
Telephone: +91 022-3199 8810 / 4961 4132 / 4970 0138
Email: [email protected]
Website: www.purvashare.com

Lesha Industries Issue Contact Details

7th Floor, Ashoka Chambers, Mithakali Six Roads,
Ahmedabad-380006, Gujarat, India
Phone: +91-79-26463227
E-mail: [email protected]
Website: www.lesha.in

Lesha Industries Rights Offer FAQs

What is the Lesha Industries Rights Issue Price?

The issue price is INR 2.80 per share.

What is the Lesha Industries Rights Issue entitlement ratio?

The eligible shareholders are offered 8 Equity Shares for every 5 Equity Shares held on the record date.

What is the Lesha Industries Rights Issue Record Date?

The Record date is 12 July 2024.

How to Apply for the Lesha Industries Rights Offer?

The best way to apply for the Lesha 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.


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