Pradhin Rights Issue Date, Price, Allotment, Entitlement

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Pradhin Rights Issue

Pradhin Rights Issue is scheduled on 25 Nov – 16 Dec 2024

Established in 1982, Pradhin operates in the dairy sector, focusing on the production, marketing, and trading of various dairy products. The company offers a range of products including pure ghee, skimmed milk powder, white butter, yellow butter, and dairy whitener.

They aim to provide quality products and services through ethical business practices, community development, and sustainability. Their vision is to be a leading supplier of steel raw materials and a pioneer in sustainable agriculture that drives economic growth and environmental protection.

Currently, Pradhin has a market capitalization of approximately INR 16.2 crore. Despite a challenging financial landscape, characterized by a significant drop in sales growth of 32.4% over the past five years. However, it faces challenges such as a decrease in promoter holding and a low return on equity (ROE) of 4.10% over the last three years. The company’s financial health is reflected in its metrics, including a return on capital employed (ROCE) of 10.5% and a book value of INR 18.2 per share.

Pradhin Rights Issue Price

Promoters of Pradhin – Saroj Jayprakash Jalan


Pradhin Rights Issue Details

Pradhin Rights Issue Date25 Nov – 16 Dec 2024
Pradhin Rights Issue PriceINR 25 per share
Issue Size (in Shares)1,93,38,640 shares
Issue Size (in INR)INR 48.35 crores
Issue Entitlement53 equity shares for every 10 equity shares held on record date
Terms of PaymentFully payable at the time of application
Pradhin Rights Issue Record Date14 November 2024
Face ValueINR 10 per share
Listing OnBSE

Pradhin Rights Issue Calculation

Pradhin Rights Issue PriceINR 25 per share
Market Price on Rights Issue ApprovalINR 35.39 per share
Dilution Factor (X)6.3
Fair Value After Dilution at Prevailing PriceINR 26.65 per share

Pradhin Financial Performance

 FY 2022FY 2023FY 2024
Revenue19.2917.064.61
Expenses19.9117.274.77
Operating Margin (%)(0.62)(0.21)(0.16)
Net Income0.34(0.10)0.54
ROCE (%)6.46(1.46)10.49
Figures in INR Crores unless specified otherwise

Pradhin Rights Offer Objectives

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

  • To meet incremental working capital requirements – INR 43.75 crore
  • General corporate purposes – INR 4.50 crore

Pradhin Rights Offer Documents


Pradhin Rights Issue Dates

Rights Issue Approval Date9 November 2024
Rights Issue Record Date14 November 2024
Credit of Rights Entitlement10 November 2024
Rights Issue Opening Date25 November 2024
Last Date for Market Renunciation10 December 2024
Rights Issue Closing Date16 December 2024
Finalization of Basis of Allotment19 December 2024
Rights Allotment Date2 December 2024
Credit Date 27 December 2024
Listing Date31 December 2024

Pradhin Rights Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: [email protected]
Website: www.cameoindia.com


Pradhin Contact Details

PRADHIN LIMITED
61, Sembudoss Street, Chennai,
Tamil Nadu, India, 600001
Phone: +91 99250 52000
Email: 
[email protected]
Website:
www.pradhinglobal.com


Pradhin Rights Offer FAQs

What is the Pradhin Rights Issue Price?

The issue price is INR 25 per share.

What is the Pradhin Rights Issue entitlement ratio?

The eligible shareholders are offered 53 Equity Shares for every 10 Equity Shares held on the record date.

What is the Pradhin Rights Issue Record Date?

The Record date is 14 November 2024.

How to Apply in Pradhin Rights Offer?

The best way to apply in Pradhin 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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