₹45.49 Crores | Listing at BSE, NSE | Thu, Sep 12, 2024 - Tue, Sep 24, 2024
Ducon Infratechnologies Ltd Rights Issue comprises 6.50 Cr equity shares aggregating to ₹45.49 Cr, offered at an issue price of ₹7 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Aug 30, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 4.
The term of payment is defined as following : The full amount of the Issue Price, Rs 7 (including the Premium of Rs 6), will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 1, 2024.
The Rights Issue opens on Sep 12, 2024, and closes on Sep 24, 2024, with renunciation of Rights Entitlements permitted up to Sep 19, 2024.
The deemed date of allotment is Oct 1, 2024, following which the equity shares are expected to be credited to demat accounts on Oct 4, 2024 and listed at the NSE and the BSE on Oct 10, 2024.
Mark Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Ducon Infratechnologies Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Aug 30, 2024
Entitlement Ratio
1 : 4
Open Date
Thu, Sep 12, 2024
Close Date
Tue, Sep 24, 2024
The full amount of the Issue Price, Rs 7 (including the Premium of Rs 6), will be payable on application.
Ducon Infratechnologies Ltd's revenue increased by 959% and profit after tax (PAT) rose by 1761% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,920.11 | 275.79 | 300.37 |
| Revenue | 4,195.12 | 396.14 | 384.77 |
| Profit After Tax | 76.26 | 4.1 | 4.43 |
| Net Worth | 122.37 | 150.11 | |
| Total Borrowing | 94.91 | 82.45 | |
| Amount in ₹ Crore | |||
Ducon Infratechnologies Limited, formerly known as Dynacons Technologies Limited, established in 2009, is a clean fossil fuel and coal technology company at the forefront of supporting India’s transition to green energy with clean fossil fuel technologies.
Ducon has diversified technologies and operates in a variety of business areas to provide solutions to the challenges in infrastructure, FGD systems and material handling. In the infrastructure sector, Ducon supplies complete FGD systems for thermal power plants and offers bulk material handling systems for alumina, fly ash handling systems, and electrification projects.
Ducon is a medium-sized EPC company in the field of air pollution control, flue gas desulphurization plants in India, wet scrubbers, bag filters, and cyclones. Material handling systems (belt conveyors, pipe conveyors, pneumatic conveying systems, air gates, silo systems) and rural electrification.
Ducon is active in five business areas:
On December 31, 2023, the company had 62 full-time employees.
The company intends to use the net issue proceeds towards the following objectives:
[Dilip Davda] The company is engaged in the business of providing FGD solutions with related services. It is poised for bright prospects as has been shown in its financial performance. However, the RI is relatively appearing fully priced, hence well-informed investors may park funds for long term. Read detail review...
Ducon Infratechnologies Rights Issue 2024 got oversubscribed by 2.22 times by the end of the bidding period with total bid quantity received by BSE and NSE of 14,41,32,661 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Sep 24 2024 17:00:00 | 12,49,33,667 | 1,91,98,994 | 14,41,32,661 | 2.22x |
Ducon Infratechnologies Ltd
Ducon House, Plot No: A/4,
Road No:1, MIDC, Wagle Industrial Estate,
Thane (West) - 400 604
Thane, Maharashtra, 400604
The Ducon Infratechnologies Rights Issue 2024 opens on Thu, Sep 12, 2024, and closes on Tue, Sep 24, 2024.
Ducon Infratechnologies Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Sep 16, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Sep 19, 2024 |
| Issue Opening Date | Thu, Sep 12, 2024 |
| Issue Closing Date | Tue, Sep 24, 2024 |
| Date of Allotment (on or about) | Tue, Oct 1, 2024 |
| Date of Credit (on or about) | Fri, Oct 4, 2024 |
| Date of Listing (on or about) | Thu, Oct 10, 2024 |
You can apply for Ducon Infratechnologies Rights Issue 2024 in two ways:
Steps to apply for Ducon Infratechnologies Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Ducon Infratechnologies Rights Issue 2024 using Registrar's website (R-WAP)
