Share the post "IPO Launch: Diligent Industries’s Rights Issue on 11-11-2024!"
An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time, transitioning into a publicly traded entity. This event allows the company to raise capital from a broader investor base, enhancing its growth potential. An IPO typically involves extensive regulatory scrutiny and is often seen as a significant milestone in a company’s development. Diligent Industries IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 1.00. The issue is live from 11 Nov 2024 to 25 Nov 2024 , with a market lot of 1 shares. This call notice includes , covering ₹1.00 towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | DILIGENT INDUSTRIES LTD |
|---|---|
| Offer Price () | 3.60 |
| Face Value | 1.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 11 Nov 2024 to 25 Nov 2024 |
| Issue Size – No.of Shares | 13,72,32,000 |
| Price (Inclusive Of Premium) | 3.60 |
| Market Lot | 1 |
| LTP | 4.68 |
| Registrar | Venture Capital & Corporate Investments Private Limited |
| Notes | ISSUE OF UP TO 13,72,32,000 FULLY PAID-UP EQUITY SHARES OF FACE VALUE OF Rs 1/- EACH OF OUR COMPANY (THE “RIGHTS EQUITY SHARES”) FOR CASH AT A PRICE OF Rs 3.60 PER RIGHTS EQUITY SHARE (INCLUDING A PREMIUM OF Rs 2.60 PER RIGHTS EQUITY SHARE) AGGREGATING UP TO Rs 4940,35 LAKHS* ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF OUR COMPANY IN THE RATIO OF 6 RIGHTS EQUITY SHARES FOR EVERY 5 FULLY PAID-UP EQUITY SHARES HELD BY THE ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS ON OCTOBER 24, 2024 (THE “ISSUE”). FOR FURTHER DETAILS, SEE “TERMS OF THE ISSUE” ON PAGE 140 OF THIS LETTER OF OFFER. *Assuming full subscription |
Diligent Industries IPO opens on 11-11-2024, and closes on 25-11-2024
| Start Date | 11-11-2024 |
|---|---|
| End Date | 25-11-2024 |
| Issue Period | 11 Nov 2024 to 25 Nov 2024 |
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