Quasar India Rights Issue dates are 20 Dec 2024 – 17 Jan 2025
The primary focus of Quasar India has shifted from its initial objective of trading in and manufacturing various types of paper and paper-related products—including plywood, kraft paper, tissues, carbon and block paper, writing and printing paper, newsprint, coated and art papers, and specialty papers like greaseproof and waterproof paper—to a broader business scope.
Now, the company emphasizes trading activities such as buying, selling, reselling, importing, exporting, transporting, storing, promoting, marketing, and supplying a wide range of commodities and goods, operating on both retail and wholesale levels across India and internationally. As of 5 September 2024, the company employs nine individuals.
Promoters of Quasar India – Ankit Agarwal
Table of Contents
Quasar India Rights Issue Details
| Quasar India Rights Issue Date | 20 Dec 2024 – 17 Jan 2025 |
| Quasar India Rights Issue Price | INR 1.14 per share |
| Issue Size (in Shares) | 42,82,00,000 shares |
| Issue Size (in INR) | INR 48.81 crore |
| Issue Entitlement | 8 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Quasar India Rights Issue Record Date | 11 December 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Quasar India Rights Issue Calculation
| Quasar India Rights Issue Price | INR 1.14 per share |
| Market Price on Rights Issue Approval | INR 3.81 per share |
| Dilution Factor (X) | 9.0 |
| Fair Value After Dilution at Prevailing Price | INR 1.44 per share |
Quasar India Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 4.66 | 3.82 | 36.46 |
| Expenses | 5.25 | 3.07 | 34.09 |
| Operating Margin (%) | (12.66) | 19.63 | 6.50 |
| Net Income | (0.18) | 1.01 | 1.60 |
| ROCE (%) | (3.32) | 21.38 | 32.67 |
Quasar India Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Working capital requirementÂ
- To meet Issue Expenses
- General corporate purposesÂ
Quasar India Rights Offer Documents
- Quasar India Rights Issue Application Form
- Quasar India Letter of Offer
- Board Meeting Outcome
- Quasar India Draft Letter of Offer
- Rights Issue in 2024
Quasar India Rights Issue Dates
| Rights Issue Approval Date | 5 December 2024 |
| Rights Issue Record Date | 11 December 2024 |
| Credit of Rights Entitlement | 20 December 2024 |
| Rights Issue Opening Date | 20 December 2024 |
| Last Date for Market Renunciation | 13 January 2025 |
| Rights Issue Closing Date | 17 January 2025 |
| Finalization of Basis of Allotment | 22 January 2025 |
| Rights Allotment Date | 22 January 2025 |
| Credit Date | 24 January 2025 |
| Listing Date | 31 January 2025 |
Quasar India Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
A/506, Dattani Plaza, Andheri Kurla Road,
Safeed Pool, Andheri East, Mumbai – 400 072, Maharashtra
Phone:Â +91 22 2851 1022
Email:Â [email protected]
Website:Â www.skylinerta.com
Quasar India Contact Details
QUASAR INDIA LIMITED
514 Swati Crimson and Clove, Nr Shilaj Circle,
Shilaj, Ahmedabad, Daskroi, Gujarat, 380054
Phone:Â 09016614499
Email:Â [email protected]
Website:Â www.quasarindialimited.in
Quasar India Rights Offer FAQs
What is the Quasar India Rights Issue Price?
The issue price is INR 1.14 per share.
What is the Quasar India Rights Issue entitlement ratio?
The eligible shareholders are offered 8 Equity Shares for every 1 Equity Shares held on the record date.
What is the Quasar India Rights Issue Record Date?
The Record date is 11 December 2024.
How to Apply in Quasar India Rights Offer?
The best way to apply in Quasar India 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.
