Nandani Creation Rights Issue is scheduled on 12 – 23 July 2024
Incorporated in 2012, Nandani Creation designs manufactures, distributes, and markets Indian clothing for women through several brands: its flagship brand ‘Jaipur Kurti,’ its premium brand ‘Amaiva– By Jaipur Kurti,’ ‘Jaipur Kurti Luxe,’ and ‘Desi Fusion.’ The company offers apparel in categories such as ethnic wear, fusion wear, bottom wear, loungewear, and winter wear. Its product portfolio includes Kurtis, Palazzo, Patiala Salwar Suits, Dupattas, Kurta Sets, Tops, Co-ord Sets, Suit Sets, Skirts, Jumpsuits, Shirts, Jackets, Pants, and Dresses.
The company offers its products through a multi-channel distribution network across India. This includes exclusive brand outlets (EBOs), its own D2C website www.jaipurkurti.com, and a presence on major e-commerce platforms like Myntra, Nykaa Fashion, Ajio, Tata Cliq, Amazon, and Flipkart. Recently, the company has also started building a network of multi-brand outlets (MBOs) by opening SIS outlets in various cities such as Varanasi, Lucknow, Haridwar, Gorakhpur, Punjab, Shimla, Chandigarh, and Jammu & Kashmir.
As of 31 March 2024, the company had 13 exclusive brand outlets (EBOs) across 8 states in India. This includes 8 Company Owned and Company Operated (COCO) stores and 5 Franchisee Owned and Franchisee Operated (FOFO) stores.
Promoters of Nandani Creation – Anuj Mundhra, Vandana Mundhra, Sunita Devi Mundhra, and Dwarka Dass Mundhra
Table of Contents
Nandani Creation Rights Issue Details
| Nandani Creation Rights Issue Date | 12 – 23 July 2024 |
| Nandani Creation Rights Issue Price | INR 30 per share |
| Issue Size (in Shares) | 53,27,656 shares |
| Issue Size (in INR) | INR 15.98 crore |
| Issue Entitlement | 100 equity shares for every 224 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Nandani Creation Rights Issue Record Date | 4 July 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE |
Nandani Creation Rights Issue Calculation
| Nandani Creation Rights Issue Price | INR 30 per share |
| Market Price on Rights Issue Approval | INR 46.47 per share |
| Dilution Factor (X) | 1.45 |
| Fair Value After Dilution at Prevailing Price | INR 41.39 per share |
Nandani Creation Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 62.64 | 48.84 | 45.11 |
| Expenses | 59.75 | 44.88 | 40.81 |
| Operating Margin (%) | 4.61 | 8.11 | 9.53 |
| Net Income | 0.50 | 0.11 | 0.55 |
| ROCE (%) | 7.02 | 7.21 | – |
Nandani Creation Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment the existing and incremental working capital requirement of the company – INR 6 crore
- Investment in its Subsidiary, Desi Fusion Private Limited (DFPL) for funding its Working Capital Requirement – INR 6 crore
- General corporate purposes – INR 3.68 crore
Nandani Creation Rights Offer Documents
- Nandani Creation Rights Issue Application Form
- Nandani Creation Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Nandani Creation Rights Issue Dates
| Rights Issue Approval Date | 28 June 2024 |
| Rights Issue Record Date | 4 July 2024 |
| Credit of Rights Entitlement | 11 July 2024 |
| Rights Issue Opening Date | 12 July 2024 |
| Last Date for Market Renunciation | 18 July 2024 |
| Rights Issue Closing Date | 23 July 2024 |
| Finalization of Basis of Allotment | 29 July 2024 |
| Rights Allotment Date | 30 July 2024 |
| Credit Date | 30 July 2024 |
| Listing Date | 5 August 2024 |
Nandani Creation Rights Offer Lead Manager
SRUJAN ALPHA CAPITAL ADVISORS LLP
112A, 1st floor, Arun Bazar, S.V. Road,
Beside Bank of India, Malad (West), Mumbai – 400 064
Phone: +91 022-46030709
Email:Â [email protected]
Website:Â www.srujanalpha.com
Nandani Creation Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai 400 093
Telephone:Â +91 22-62638200/22
Email: [email protected]
Website:Â www.bigshargonline.com
Nandani Creation Issue Contact Details
NANDANI CREATION LIMITED
G-13, Kartarpura Industrial Area,
Near 22 Godam Jaipur 302006, Rajasthan
Phone:Â +91 0141-4037596
E-mail:Â [email protected]
Website:Â www.nandanicreation.com
Nandani Creation Rights Offer FAQs
What is the Nandani Creation Rights Issue Price?
The issue price is INR 30 per share.
What is the Nandani Creation Rights Issue entitlement ratio?
The eligible shareholders are offered 100 Equity Shares for every 224 Equity Shares held on the record date.
What is the Nandani Creation Rights Issue Record Date?
The Record date is 4 July 2024.
How to Apply for the Nandani Creation Rights Offer?
The best way to apply for the Nandani Creation 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.
