Oriental Trimex Rights Issue is scheduled on 20 Sep – 10 Oct 2024
Founded on 22 April 1996, in New Delhi, Oriental Trimex has established itself as a significant force in India’s marble and granite industry. The company excels in importing and processing natural marble from various countries, including Italy, Spain, Turkey, and China.
Oriental Trimex operates warehouses and factories in New Delhi, Chennai, and Kolkata, with an annual capacity of 25,200 MT, with granite mining and processing activities in Orissa. The company specializes in converting marble blocks into slabs, with its processing units producing over 7 million square feet of marble slabs annually.
The company has procured, processed, and supplied marble to major developers, contractors, hotels, and institutional buyers across the Northern region, including Delhi NCR, the Southern region, including Bangalore and Chennai, and the Eastern region, including Kolkata. Notable clients include Unitech, DLF, EMAAR, Radisson, Westin Hotels, Eros, The Park, Dabur Vatika, Central Park, and ATS.
Promoters of Oriental Trimex – Rajesh Kumar Punia, Savita Punia, Sunil Kumar, Oriental Buildmat Exports Pvt Ltd, and Oriental Tiles Limited
Table of Contents
Oriental Trimex Rights Issue Details
| Oriental Trimex Rights Issue Date | 20 Sep – 10 Oct 2024 |
| Oriental Trimex Rights Issue Price | INR 11 per share |
| Issue Size (in Shares) | 4,41,04,359 shares |
| Issue Size (in INR) | INR 48.51 crore |
| Issue Entitlement | 3 equity shares for every 2 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Oriental Trimex Rights Issue Record Date | 5 September 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Oriental Trimex Rights Issue Calculation
| Oriental Trimex Rights Issue Price | INR 11 per share |
| Market Price on Rights Issue Approval | INR 17.11 per share |
| Dilution Factor (X) | 2.50 |
| Fair Value After Dilution at Prevailing Price | INR 10.44 per share |
Oriental Trimex Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 18.53 | 8.71 | 3.65 |
| Expenses | 19.04 | 11.03 | 10.04 |
| Operating Margin (%) | (2.75) | (26.64) | (175.07) |
| Net Income | (5.87) | (4.32) | (6.50) |
| ROCE (%) | (0.05) | (3.58) | (7.28) |
Oriental Trimex Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objectives
- Working capital requirements of the company – INR 33.33 crore
- To repay, in full or in part, the identified unsecured loan availed by the company – INR 4 crore
- Capital expenditure for setting up additional machinery for Marble Block in Tamilnadu – INR 4.38 crore
- Development of quarry of ‘JET BLACK’ Granite in Odisha – INR 2.73 crore
- Capital Expenditure for construction of Showroom-cum-warehouse – INR 1.88 crore
- General corporate purposes – INR 1.84 crore
Oriental Trimex Rights Offer Documents
- Oriental Trimex Rights Issue Application Form
- Oriental Trimex Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Oriental Trimex Rights Issue Dates
| Rights Issue Approval Date | 31 August 2024 |
| Rights Issue Record Date | 5 September 2024 |
| Credit of Rights Entitlement | 18 September 2024 |
| Rights Issue Opening Date | 20 September 2024 |
| Last Date for Market Renunciation | 24 September 2024 |
| Rights Issue Closing Date | 10 October 2024 |
| Finalization of Basis of Allotment | |
| Rights Allotment Date | |
| Credit Date | |
| Listing Date |
Oriental Trimex Rights Offer Registrar
BEETAL FINANCIAL & COMPUTER SERVICES PRIVATE LIMITED
Beetal House, 3rd Floor, 99, Madangir,
Behind Local Shopping Centre, New Delhi – 110062
Telephone:Â +91-11-29961281/83
Email:Â [email protected]
Website:Â www.beetalfinancial.com
Oriental Trimex Issue Contact Details
ORIENTAL TRIMEX LIMITED
26/25 Bazar Marg, Old Rajinder Nagar,
New Delhi, India, 110060
Phone: 011-45048612
E-mail:Â [email protected]
Website:Â www.orientaltrimex.com
Oriental Trimex Rights Offer FAQs
What is the Oriental Trimex Rights Issue Price?
The issue price is INR 11 per share.
What is the Oriental Trimex Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 2 Equity Shares held on the record date.
What is the Oriental Trimex Rights Issue Record Date?
The Record date is 5 September 2024.
How to Apply in Oriental Trimex Rights Offer?
The best way to apply in Oriental Trimex 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.
