Ushanti Colour Chem Rights Issue is scheduled on 4 – 25 Nov 2024
Ushanti Colour Chem has been in the business of manufacturing and trading dyestuffs since 1993. The company produces Reactive and Direct Dyestuffs, also known as Synthetic Organic Dyes, through an integrated production process. Additionally, they manufacture copper phthalocyanine and blue crude, key raw materials used in dyestuff production.
Ushanti Colour Chem’s pigments and dyestuffs cater to the raw material needs of various industries, including textile, garment, cotton, leather, nylon, paper, wool, ink, wood, plastic, and paint. The company specializes in producing “Turquoise Blue” dyestuffs and pigments. It operates three manufacturing facilities, all located at Vatva GIDC in Gujarat. The company currently has a production capacity of approximately 4,000 tons per annum. The company is ISO 9001:2015 certified, which attests to the quality of the products it manufactures.
Promoters of the Ushanti Colour Chem – Mr. Maunal Shantilal Gandhi, and Mr. Minku Shantilal Gandhi
Table of Contents
Ushanti Colour Chem Rights Issue Details
| Ushanti Colour Chem Rights Issue Date | 4 – 25 November 2024 |
| Ushanti Colour Chem Rights Issue Price | INR 55 per share |
| Issue Size (in Shares) | 5,35,085 shares |
| Issue Size (in INR) | INR 2.94 crore |
| Issue Entitlement | 5 equity shares for every 100 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Ushanti Colour Chem Rights Issue Record Date | 11 October 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE |
Ushanti Colour Chem Rights Issue Calculation
| Ushanti Colour Chem Rights Issue Price | INR 55 per share |
| Market Price on Rights Issue Approval | INR 57.05 per share |
| Dilution Factor (X) | 1.05 |
| Fair Value After Dilution at Prevailing Price | INR 56.95 per share |
Ushanti Colour Chem Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 47.73 | 43.99 | 50.71 |
| Expenses | 43.99 | 44.04 | 48.97 |
| OPM (%) | 7.84 | (0.11) | 3.43 |
| Net income | 1.15 | 0.98 | (4.77) |
Ushanti Colour Chem Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- To augment the existing and incremental working capital requirement of the company
- General Corporate Purposes
Ushanti Colour Chem Rights Offer Documents
- Ushanti Colour Chem Rights Issue Application Form
- Ushanti Colour Chem Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Ushanti Colour Chem Rights Issue Dates
| Rights Issue Approval Date | 3 October 2024 |
| Rights Issue Record Date | 11 October 2024 |
| Credit of Rights Entitlement | 31 October 2024 |
| Rights Issue Opening Date | 4 November 2024 |
| Last Date for Market Renunciation | 18 November 2024 |
| Rights Issue Closing Date | 25 November 2024 |
| Finalization of Basis of Allotment | 29 November 2024 |
| Rights Allotment Date | 2 December 2024 |
| Credit Date | 5 December 2024 |
| Listing Date | 11 December 2024 |
Ushanti Colour Chem Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Ushanti Colour Chem Issue Contact Details
USHANTI COLOUR CHEM LIMITED
88/8 GIDC, Phase I, Vatva,
Ahmedabad – 382445, Gujarat
Phone: 07925833315
E-mail: [email protected]
Website: www.ushanti.com
Ushanti Colour Chem Rights Offer FAQs
What is the Ushanti Colour Chem Rights Issue Price?
The issue price is INR 55 per share.
What is the Ushanti Colour Chem Rights Issue entitlement ratio?
The eligible shareholders are offered 5 Equity Shares for every 100 Equity Shares held on the record date.
What is the Ushanti Colour Chem Rights Issue Record Date?
The Record date is 11 October 2024.
How to Apply in Ushanti Colour Chem Rights Offer?
The best way to apply in the Ushanti Colour Chem 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.
