LWS Knitwear Rights Issue is scheduled on 6 – 16 December 2024
LWS Knitwear specializes in trading knitted fabrics with diverse textures, catering to customer preferences by offering designs and patterns that align with current fashion trends and market demands. Knitted fabric, created through the interlooping of yarns or inter-meshing of loops, is widely used in garments for men, women, and children.
Knitted fabrics are used to manufacture a variety of garments, including dresses, skirts, tops, underwear, pajamas, t-shirts, scarves, sweaters, cardigans, fitted dresses, leggings, shirts, turtlenecks, cuffs, neckbands, and more. The company sources these products from third-party manufacturers and traders. Additionally, LWS is involved in trading ready-made knitted t-shirts. As of 31 March 2024, the company employed 8 personnel.
Promoters of LWS Knitwear – Girish Kapoor, and Kusum Kapoor
Table of Contents
LWS Knitwear Rights Issue Details
| LWS Knitwear Rights Issue Date | 6 – 16 December 2024 |
| LWS Knitwear Rights Issue Price | INR 18 per share |
| Issue Size (in Shares) | 96,10,960 shares |
| Issue Size (in INR) | INR 17.30 crore |
| Issue Entitlement | 19 equity shares for every 10 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| LWS Knitwear Rights Issue Record Date | 28 November 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
LWS Knitwear Rights Issue Calculation
| LWS Knitwear Rights Issue Price | INR 18 per share |
| Market Price on Rights Issue Approval | INR 42.52 per share |
| Dilution Factor (X) | 2.90 |
| Fair Value After Dilution at Prevailing Price | INR 26.46 per share |
LWS Knitwear Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 61.76 | 62.62 | 75.08 |
| Expenses | 61.03 | 61.42 | 71.86 |
| Operating Margin (%) | 1.18 | 1.92 | 4.29 |
| Net Income | 0.26 | 0.29 | 1.40 |
| ROCE (%) | 4.79 | 5.21 | 10.71 |
LWS Knitwear Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Part repayment or prepayment of unsecured loans availed from the Promoters and the member of the Promoter Group – INR 9.71 crore
- To meet its working capital requirements – INR 2 crore
- General corporate purposes
LWS Knitwear Rights Offer Documents
- LWS Knitwear Rights Issue Application Form
- LWS Knitwear Letter of Offer
- Board Meeting Outcome
- LWS Knitwear Draft Letter of Offer
- Rights Issue in 2024
LWS Knitwear Rights Issue Dates
| Rights Issue Approval Date | 22 November 2024 |
| Rights Issue Record Date | 28 November 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 6 December 2024 |
| Last Date for Market Renunciation | 10 December 2024 |
| Rights Issue Closing Date | 16 December 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
LWS Knitwear Rights Offer Registrar
BEETAL FINANCIAL & COMPUTER SERVICES (P) LIMITED
3rd Floor, Beetal House, 99,
behind Local Shopping Centre, Madangir
Village, Madangir, New Delhi, Delhi 110062
Phone: 011 – 29961281 / 29961282
E-mail:Â [email protected]
Website:Â www.beetalfinancial.com
LWS Knitwear Contact Details
LWS KNITWEAR LIMITED
G T Road (West), Ludhiana – 141008, Punjab, India
Phone:Â 98778 15974
Email:Â [email protected]
Website: www.lwsknitwear.comn
LWS Knitwear Rights Offer FAQs
What is the LWS Knitwear Rights Issue Price?
The issue price is INR 18 per share.
What is the LWS Knitwear Rights Issue entitlement ratio?
The eligible shareholders are offered 19 Equity Shares for every 10 Equity Shares held on the record date.
What is the LWS Knitwear Rights Issue Record Date?
The Record date is 28 November 2024.
How to Apply in LWS Knitwear Rights Offer?
The best way to apply in LWS Knitwear 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.
