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.
Promoters of Pradhin – Saroj Jayprakash Jalan
Table of Contents
Pradhin Rights Issue Details
| Pradhin Rights Issue Date | 25 Nov – 16 Dec 2024 |
| Pradhin Rights Issue Price | INR 25 per share |
| Issue Size (in Shares) | 1,93,38,640 shares |
| Issue Size (in INR) | INR 48.35 crores |
| Issue Entitlement | 53 equity shares for every 10 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Pradhin Rights Issue Record Date | 14 November 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Pradhin Rights Issue Calculation
| Pradhin Rights Issue Price | INR 25 per share |
| Market Price on Rights Issue Approval | INR 35.39 per share |
| Dilution Factor (X) | 6.3 |
| Fair Value After Dilution at Prevailing Price | INR 26.65 per share |
Pradhin Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 19.29 | 17.06 | 4.61 |
| Expenses | 19.91 | 17.27 | 4.77 |
| Operating Margin (%) | (0.62) | (0.21) | (0.16) |
| Net Income | 0.34 | (0.10) | 0.54 |
| ROCE (%) | 6.46 | (1.46) | 10.49 |
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 Application Form
- Pradhin Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Pradhin Rights Issue Dates
| Rights Issue Approval Date | 9 November 2024 |
| Rights Issue Record Date | 14 November 2024 |
| Credit of Rights Entitlement | 10 November 2024 |
| Rights Issue Opening Date | 25 November 2024 |
| Last Date for Market Renunciation | 10 December 2024 |
| Rights Issue Closing Date | 16 December 2024 |
| Finalization of Basis of Allotment | 19 December 2024 |
| Rights Allotment Date | 2 December 2024 |
| Credit Date | 27 December 2024 |
| Listing Date | 31 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.
