Moksh Ornaments Rights Issue dates are 30 Dec 2024 – 10 Jan 2025.
Moksh Ornaments is engaged in the manufacturing and wholesale trading of jewelry, headquartered in Mumbai, Maharashtra. The company’s products are manufactured on a job-work basis by third parties located in Kolkata and Mumbai, guided by management estimates, customer orders, past consumption trends, and future projections. Moksh collaborates with third-party designers to create its jewelry designs, which are produced in 22-karat and 18-karat gold.
The company procures gold from banks and the domestic market as raw material for manufacturing. These raw materials are provided to job workers, who ensure that they meet the company’s quality standards during production. The company’s customers include Nakshatra Jewellery, Chandukaka Saraf & Sons, P.N. Gadgil Jewellers, Neelkanth Jewellers, Ranka Jewellers, and others. As of 9 February 2024, the company employs 10 people.
Promoters of Moksh Ornaments – Mr. Amrit Jawanmalji Shah and Mr. Jawanmal Moolchand Shah
Table of Contents
Moksh Ornaments Rights Issue Details
| Moksh Ornaments Rights Issue Date | 30 Dec 2024 – 10 Jan 2025 |
| Moksh Ornaments Rights Issue Price | INR 15 per share |
| Issue Size (in Shares) | 3,26,62,642 Shares |
| Issue Size (in INR) | INR 48.99 crore |
| Issue Entitlement | 14 equity shares for every 23 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Moksh Ornaments Rights Issue Record Date | 20 December 2024 |
| Face Value | INR 2 per share |
| Listing On | NSE |
Moksh Ornaments Rights Issue Calculation
| Moksh Ornaments Rights Issue Price | INR 15 per share |
| Market Price on Rights Issue Approval | INR 22.42 per share |
| Dilution Factor (X) | 1.61 |
| Fair Value After Dilution at Prevailing Price | INR 19.61 per share |
Moksh Ornaments Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 324.0 | 447.0 | 449.0 |
| Expenses | 317.0 | 436.0 | 437.0 |
| Operating Margin (%) | 2.0 | 2.0 | 3.0 |
| Net Income | 5.14 | 6.14 | 6.26 |
| ROCE (%) | 13.0 | 17.0 | 15.0 |
Moksh Ornaments Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet working capital requirement
- General corporate purposesÂ
Moksh Ornaments Rights Offer Documents
- Moksh Ornaments Rights Issue Application Form
- Moksh Ornaments Letter of Offer
- Board Meeting Outcome
- Moksh Ornaments Draft Letter of Offer
- Rights Issue in 2024
Moksh Ornaments Rights Issue Dates
| Rights Issue Approval Date | 14 December 2024 |
| Rights Issue Record Date | 20 December 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 30 December 2024 |
| Last Date for Market Renunciation | 7 January 2024 |
| Rights Issue Closing Date | 10 January 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Moksh Ornaments Rights Offer Lead Manager
KUNVARJI FINSTOCK PRIVATE LIMITED
Block B, First Floor, Siddhi Vinayak Towers, Off S. G.
Highway Road, Mouje Makarba, Ahmedabad – 380051
Phone: 022 – 69850000 / 079- 66669000
Email:Â [email protected]
Website:Â www.kunvarji.com
Moksh Ornaments 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
Moksh Ornaments Contact Details
MOKSH ORNAMENTS LIMITED
B-405/1 & B-405/2, 4th Floor, 99, Mulji Jetha Building,
Glitz Mall, Vithalwadi, Kalbadevi Road, Mumbai – 400 002
Phone:Â +91 022-40041473
Email:Â [email protected]; [email protected]
Website:Â www.mokshornaments.com
Moksh Ornaments Rights Offer FAQs
What is the Moksh Ornaments Rights Issue Price?
The issue price is INR 15 per share.
What is the Moksh Ornaments Rights Issue entitlement ratio?
The eligible shareholders are offered 14 Equity Shares for every 23 Equity Shares held on the record date.
What is the Moksh Ornaments Rights Issue Record Date?
The Record date is 20 December 2024.
How to Apply in Moksh Ornaments Rights Offer?
The best way to apply in Moksh Ornaments 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.
