₹33.00 Crores | Listing at BSE, NSE | Thu, Nov 3, 2022 - Fri, Nov 11, 2022
Hilton Metal Forging Ltd Rights Issue comprises 0.6000 Cr equity shares aggregating to ₹33.00 Cr, offered at an issue price of ₹55 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Oct 20, 2022.
As per the terms of payment, ₹55 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 31, 2022.
The Rights Issue opens on Nov 3, 2022 and closes on Nov 11, 2022.
The deemed date of allotment is Nov 21, 2022, following which the equity shares are expected to be credited to demat accounts on Nov 25, 2022 and listed on NSE and BSE on Nov 30, 2022.
Kunvarji Finstock 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 Hilton Metal Forging Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Oct 20, 2022
Entitlement Ratio
:
Open Date
Thu, Nov 3, 2022
Close Date
Fri, Nov 11, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 112.99 | 47.7 | -19.57 |
| 31-Mar-22 | 114.02 | 84.19 | 1.76 |
| Amount in ₹ Crore | |||
Hilton Metal Forging Limited is a manufacturer & distributor of steel forged flanges, fittings & oilfield and marine products for both the domestic & international markets. The company is mainly engaged in manufacturing stainless-steel forging flanges allied pipe fitting items and Valve Body bonnet for the Oil and Gas Sector
The company's product portfolio includes Railway Wheel Forgings, Flanges, Stub Ends, Forged Fittings, Christmas Tree Components, Crank Shafts and Top Deck Covers. Hilton Metal Forging Limited's primary objective is to provide quality service and fast delivery and its aim is to become the customer's first choice as a flange and fittings provider.
The company proposes to utilize the Net Proceeds towards the following objects:
1. Working Capital Requirements.
2. General Corporate Purposes.
[Dilip Davda] The counter is well managed amidst lower promoter’s holding to lure investors for a pricy right issue offer. Its financial performance is not in line with the asking price. There is no harm in skipping this RI as one may get a chance to catch hold at discounted price later on. Read detail review...
Hilton Metal Forging Ltd
204, Tanishka Building,
Akurli Road, Kandivali
East, Mumbai – 400101
Mumbai, Maharashtra, 400101
The Hilton Metal Forging Rights Issue 2022 opens on Thu, Nov 3, 2022, and closes on Fri, Nov 11, 2022.
Hilton Metal Forging Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Mon, Oct 31, 2022 |
| Last Date for renunciation of Rights Entitlements | Fri, Nov 4, 2022 |
| Issue Opening Date | Thu, Nov 3, 2022 |
| Issue Closing Date | Fri, Nov 11, 2022 |
| Date of Allotment (on or about) | Mon, Nov 21, 2022 |
| Date of Credit (on or about) | Fri, Nov 25, 2022 |
| Date of Listing (on or about) | Wed, Nov 30, 2022 |
You can apply for Hilton Metal Forging Rights Issue 2022 in two ways:
Steps to apply for Hilton Metal Forging Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Hilton Metal Forging Rights Issue 2022 using Registrar's website (R-WAP)
