Integra Essential Rights Issue 2024: Price, Record Date, Ratio; Check Details Here

Today, shares of Integra Essentia Ltd, a FMCG sector, supported by the insurance giant Life Insurance Corporation (LIC) (owns 1.06 per cent); gained 0.78 per cent to Rs 3.89 per share from its previous closing of Rs 3.86. The company's shares saw a spurt in volume by more than 1.52 times on BSE.

Informing the Indian stock market bourses about the fundrise move, Integra Essential said, "This is in furtherance to the Company's meeting of the Board of Directors of the Company ("the Board") held on November 27, 2023, Subsequent shareholders' approval obtained through postal ballot on December 29, 2023 for approving the issue of equity shares of face value of Rs. 1 each ("Equity Shares") of the Company by way of a rights issue to the eligible shareholders of the Company for an amount not exceeding Rs. 50 crore (Rupees Fifty Crore only) (the "Issue"), Draft Letter of Offer dated February 26, 2024, submitted with the Stock Exchanges for In Principle Approvals by applicable laws including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, read with the relevant circulars issued by the SEBI, in this regard, from time to time (from now on referred to as "SEBI ICDR Regulations" and the issue "Rights Issue")."

Record Date:

Saturday, June 1, 2024, has been fixed as a record date to determine the equity shareholders entitled to receive the rights entitlement in the rights issue.

Right Entitlement Ratio:

20:119 i.e. 20 equity shares for every 119 fully paid equity shares held by the existing shareholders on the record date.

Rights Issue Price:

Rs 3.25 per rights equity share (including a premium of Rs 2.25 per rights equity share).

Rights Issue Period:

• Rights Issue Opening Date: Tuesday, June 11, 2024
• Last Date for Market Renunciation of Rights Entitlement: Thursday, June 20, 2024
• Rights Issue Closing Date: Tuesday, June 25, 2024

Recently, The company announced Q4FY24 results with net sales increased by 50.4 per cent to Rs 93.31 crore and net profit increased by 733.8 per cent to Rs 5.92 crore compared to Q3FY24. In its annual results, the net sales increased by 50.4 per cent to Rs 277.27 crore and net profit increased by 131.4 per cent to Rs 15.28 crore in FY24 compared to FY23.

The stock is up by 52.5 per cent from its 52-week low of Rs 2.55 per share & gave multi-bagger returns of 500 per cent in just 3 years and 925 per cent in 5 years.

Integra Essentia is a company engaged in the business of life essentials, including food (agro products), clothing (textiles and garments), infrastructure (materials and services for construction and infrastructure development) and energy (materials, products and services for renewable energy equipment and projects) and more.