Deepak Fertilisers approves terms of rights issue
Chemical

Deepak Fertilisers approves terms of rights issue

The issue price has been fixed at Rs. 133/- per fully paid-up equity share which includes a premium of Rs. 123/- per fully paid-up equity share over the face value of Rs. 10 per equity share.

  • By ICN Bureau | September 11, 2020
The Board of directors of Deepak Fertilisers and Petrochemicals Corporation Limited, in its meeting held on September 11, 2020, has approved the terms of rights issue.
 
The issue price has been fixed at Rs. 133/- per fully paid-up equity share which includes a premium of Rs. 123/- per fully paid-up equity share over the face value of Rs. 10 per equity share.
 
Terms and payment of issue price include the full amount of issue price being Rs. 133/- per rights equity share to be payable on application.
 
The record date has been fixed as September 17, 2020 for the purpose of determining the shareholders of the company who will be eligible to apply in the Issue.
 
Rights entitlement ratio shall be three fully paid-up equity shares for every twenty fully paid-up equity shares held by the eligible equity shareholders of the company, as on the record date.
 
The company recently reported huge jump in its first quarter sales and profits despite the COVID-19 pandemic. It's revenue grew by 23.16% YoY and stood at Rs 1,382 crore from Rs 1,122.2 crore in Q1 FY20.
 
Consolidated net profit stood at Rs 121.14 crore which rose by 1032.15%, as compared to Rs 10.7 crore in the same quarter last year. The net profit margin in Q1FY21 came in at 8.77% which rose 7.82% YoY. The net profit margin for Q1FY20 was at 0.95%.
 

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