₹45.00 Crores | Listing at BSE | Fri, Feb 3, 2023 - Fri, Mar 3, 2023
Hazoor Multi Projects Limited Rights Issue comprises 0.5075 Cr equity shares aggregating to ₹45.00 Cr, offered at an issue price of ₹88 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Jan 20, 2023.
As per the terms of payment, ₹88 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 25, 2023.
The Rights Issue opens on Feb 3, 2023 and closes on Mar 3, 2023.
The deemed date of allotment is Feb 28, 2023, following which the equity shares are expected to be credited to demat accounts on Mar 3, 2023 and listed on the BSE on Mar 8, 2023.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Hazoor Multi Projects Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jan 20, 2023
Entitlement Ratio
:
Open Date
Fri, Feb 3, 2023
Close Date
Fri, Mar 3, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 22.32 | 0.35 | 0.05 | 22.16 |
| 31-Mar-21 | 32.73 | 24.3 | 0.43 | 22.33 |
| 31-Mar-22 | 72.84 | 112.64 | 2.48 | 24.81 |
| Amount in ₹ Crore | ||||
Incorporated in 1992, Hazoor Multi Projects Limited is engaged in the business as an Infrastructure and Real estate company. They undertake infrastructure development and construction projects like the development of roads and highways.
The construction business of Hazoor Multi Projects involves engineering, procurement, and construction ("EPC") work on a contract basis. They primarily operate in the roads and highways sector. Further, the company is currently developing a "National Highway No 548-A from Section Waken Pali to 2 lanes with paved shoulder".
Taking the business to an expanded horizon, the company engages in the business of land development and acquisition of land and landed properties. They also actively undertake the construction of buildings, multi-storied buildings, residential complexes, commercial complexes, townships, and highways.
With an effective combination of sophisticated construction equipment and efficient employment resources, Hazoor Multi Projects Limited is able to implement modern infrastructure and construction methodologies.
Some of the projects of the company under implementation are:
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is in infrastructure and real estate construction which is a highly competitive and fragmented area. The sudden boost in its top and bottom lines for the last 18 months working raises eyebrows and concern over the sustainability of such performance going forward. Lower promoter’s holding also remains a major worry. Well-informed cash surplus investors may consider parking funds for long-term rewards. Read detail review...
Hazoor Multi Projects Limited
601-A, Ramji House Premises CSL.,
30, Jambulwadi, J.S.S. Road,
Mumbai - 400 002
Mumbai, Maharashtra, 400002
The Hazoor Multi Projects Rights Issue 2023 opens on Fri, Feb 3, 2023, and closes on Fri, Mar 3, 2023.
Hazoor Multi Projects Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Wed, Jan 25, 2023 |
| Last Date for renunciation of Rights Entitlements | Wed, Feb 15, 2023 |
| Issue Opening Date | Fri, Feb 3, 2023 |
| Issue Closing Date | Fri, Mar 3, 2023 |
| Date of Allotment (on or about) | Tue, Feb 28, 2023 |
| Date of Credit (on or about) | Fri, Mar 3, 2023 |
| Date of Listing (on or about) | Wed, Mar 8, 2023 |
You can apply for Hazoor Multi Projects Rights Issue 2023 in two ways:
Steps to apply for Hazoor Multi Projects Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Hazoor Multi Projects Rights Issue 2023 using Registrar's website (R-WAP)
