₹49.94 Crores | Listing at BSE | Mon, Mar 6, 2023 - Tue, Mar 14, 2023
Amal Limited Rights Issue comprises 0.2938 Cr equity shares aggregating to ₹49.94 Cr, offered at an issue price of ₹170 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 21, 2023, with the Rights Issue being offered in the entitlement ratio of 24:77.
As per the terms of payment, ₹170 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 4, 2023.
The Rights Issue opens on Mar 6, 2023 and closes on Mar 14, 2023.
The deemed date of allotment is Mar 21, 2023, following which the equity shares are expected to be credited to demat accounts on Mar 23, 2023 and listed on the BSE on Mar 24, 2023.
Keynote Financial Services Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Amal Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Feb 21, 2023
Entitlement Ratio
24 : 77
Open Date
Mon, Mar 6, 2023
Close Date
Tue, Mar 14, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 48.38 | 31.67 | 8.80 | 34.26 | 5.65 |
| 31-Mar-22 | 100.15 | 43.79 | 1.11 | 35.35 | 51.05 |
| Amount in ₹ Crore | |||||
Incorporated in 1974, Amal Limited is engaged in the manufacturing of chemicals. The company undertakes bulk manufacturing of chemicals like Sulphuric acid and oleum and of their downstream products like Sulphur dioxide and Sulphur trioxide.
The chemicals produced by Amal Limited find their usage in different industries and products including dyes, fertilizers, personal care, petrochemical, pharmaceutical, textile, and others. Given the type of operations led by the company, they primarily cater to the business-to-business segment.
The product portfolio of the company comprises of:
The manufacturing facility of the company is situated at Ankleshwar, Gujarat which was taken on leasehold land on long-term basis from GIDC.
Amal Limited is led under the leadership of Mr. Sunil Lalbhai, Chairman, and Mr. Rajeev Kumar, Managing Director. They carry their distinct skills and extensive experience in the chemical industry. They are harnessing the company's operations and driving it toward growth.
The Company proposes to utilize the proceeds of this Issue towards the following objects:
[Dilip Davda] As the company is currently under Atul Ltd. (Lalbhai group) fold and is in a revamp mode, its rights issue which is at a discount of around 25.14% based on its last traded price of Rs. 227.10 appears tempting. The best strategy can be to sell the RI entitlement quantity from the existing holding and apply for it. The speciality chemical segment is witnessing mixed investor interest. Cash surplus investors may consider parking funds for a long-term reward. Read detail review...
Amal Limited
309, Veer Savarkar Marg, Opp. India United Mills,
Near Prabhadevi Telephone Exchange,
Dadar (West), Mumbai – 400 028
Mumbai, Maharashtra, 400028
The Amal Rights Issue 2023 opens on Mon, Mar 6, 2023, and closes on Tue, Mar 14, 2023.
Amal Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Sat, Mar 4, 2023 |
| Last Date for renunciation of Rights Entitlements | Wed, Mar 8, 2023 |
| Issue Opening Date | Mon, Mar 6, 2023 |
| Issue Closing Date | Tue, Mar 14, 2023 |
| Date of Allotment (on or about) | Tue, Mar 21, 2023 |
| Date of Credit (on or about) | Thu, Mar 23, 2023 |
| Date of Listing (on or about) | Fri, Mar 24, 2023 |
You can apply for Amal Rights Issue 2023 in two ways:
Steps to apply for Amal Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Amal Rights Issue 2023 using Registrar's website (R-WAP)
