Joonktollee Tea & Industries Limited Rights Issue (Joonktollee Tea & Industries Rights Issue) Detail

BRIEFLY EXPLAIN ABOUT JOONKTOLLEE TEA& INDUSTRIES RIGHTS ISSUE ? Joonktollee Tea & Industries is mainly engaged in the business of cultivation and manufacturing of Tea. In addition, the company also has cultivation activity of Coffee and Rubber. The company sells its Coffee through an auction sale in bulk to the export houses exporting in Europe, and Rubber to other manufacturers in different industries in India. The company has taken several large-scale initiatives and has invested in equipment like vibratory fluidized bed dryers, enclosed withering troughs, modern humidification plants to improve quality and productivity. The company has also invested in irrigation facilities in all its estates. The Company's tea garden area under cultivation is spread over 1827.55 hectares in Northeast and South India. The company's Coffee and Rubber gardens are in South India. About Company - Joonktollee Tea & Industries Joonktollee Tea & Industries Ltd is engaged in the business of cultivating and manufacturing tea and also cultivates coffee and rubber. It has invested in equipment like vibratory fluidized bed dryers, enclosed withering troughs, modern humidification plants to deliver the best quality products. Its tea garden is spread over 1827.55 hectares in North India and South India, and the Coffee & rubber garden is located in South India. It sells Coffee to export houses in Europe in bulk and rubber to manufacturers across India. Joonktollee Tea & Industries Right Issue Strengths 70+ years of experienced management. A large scale of production. Different varieties of tea along with coffee and rubber. Focus on the best quality. Technological advancement and upgradation. Focus on R&D initiatives by TRA, KPA, and UPASI. Joonktollee Tea & Industries Financials Past performance and financial results of Joonktollee Tea & Industries. Joonktollee Tea & Industries Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020 Total Assets ₹235.04 ₹225.92 Total Income ₹107.49 ₹93.06 Net Profit/Loss ₹(9.56) ₹(24.28) EXPLAIN ON JOONKTOLLEE TEA & INDUSTRIES RIGHTS ISSUE DETAIL ? Issue Open Feb 4, 2022 - Feb 18, 2022 Security Name Joonktollee Tea & Industries Limited Issue Size (Shares) 0.41 Crores Issue Size (Amount) ₹24.85 Crores Issue Price ₹60 per share Face Value ₹10 per share Minimum Lot size Market Lot 1 per share Listing At BSE Terms of Payment The full amount of Rs. 60 per Equity Share is payable on application. Entitlement 1 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record date Joonktollee Tea & Industries Rights Issue Issue Timetable Bid/Offer Opens On Feb 4, 2022 Bid/Offer Closes On Feb 18, 2022 Record Date Jan 19, 2022 Deemed Date of Allotment Feb 28, 2022 Renunciation of Rights Entitlements Feb 14, 2022 SUMMARISE THE FINANCIAL POSITION OF THE COMPANY ? Company Financials Summary of financial Information (Consolidated) Particulars For the year/period ended (Rs.in Millions)   31-Mar-21 31-Mar-20 Total Assets 2,350.38 2,259.24 Total Income 1,074.87 930.62 Profit After Tax -95.60 -242.77 Objects of the Issue: Repayment of unsecured loans; Meet the expenses of the issue.