₹350.00 Crores | Listing at BSE, NSE | Tue, Mar 26, 2024 - Fri, Apr 5, 2024
Hindustan Construction Company Limited Rights Issue comprises 16.67 Cr equity shares aggregating to ₹350.00 Cr, offered at an issue price of ₹21 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Mar 16, 2024, with the Rights Issue being offered in the entitlement ratio of 13 : 118.
The term of payment is defined as following : Full amount of Rs 21/- per Equity Share is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Mar 26, 2024, and closes on Apr 5, 2024, with renunciation of Rights Entitlements permitted up to Apr 2, 2024.
The deemed date of allotment is Apr 16, 2024, following which the equity shares are expected to be credited to demat accounts on Apr 18, 2024 and listed at the NSE and the BSE on Apr 19, 2024.
IDBI Capital Markets 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 Hindustan Construction Company Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Mar 16, 2024
Entitlement Ratio
13 : 118
Open Date
Tue, Mar 26, 2024
Close Date
Fri, Apr 5, 2024
Full amount of Rs 21/- per Equity Share is payable on application.
Hindustan Construction Company Limited's revenue decreased by -8.44% and profit after tax (PAT) dropped by -104.95% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,179.93 | 14,225.18 |
| Revenue | 9,912.33 | 10,826.46 |
| Profit After Tax | -27.84 | 562.74 |
| Amount in ₹ Crore | ||
Hindustan Construction Company Limited is engaged in construction activities which include roads, bridges, ports, railway tunnels, metro projects, power stations, water supply and irrigation projects, and one of the oldest infrastructure development companies in India.
The company's business operations are primarily through three verticals, namely, (i) engineering and construction; (ii) infrastructure development; and (iii) real estate construction, as a single operating segment of engineering and construction.
In the last five financial years and till the six months ended September 30, 2023, The company have completed 14 projects across the engineering and construction and infrastructure development verticals with a cumulative executed value of Rs. 6,360.99 crore.
The company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
1. Funding long-term working capital requirements of the Company; and
2. General corporate purposes.
[Dilip Davda] The RI is at a discount of around 36% based on its last traded price. The company is coming out of wood and is on a speedy recovery path. It is heading for bright prospects with rising activities for infrastructural developments. It has good orders on hand and is ready to reap benefits. Well-informed investors may park funds for the long term rewards. My family has small holding and we are planning to invest moderate funds as per eligible entitlement. Read detail review...
Hindustan Construction Company Rights Issue 2024 got oversubscribed by 2.51 times by the end of the bidding period with total bid quantity received by BSE and NSE of 41,78,02,542 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Apr 05 2024 17:00:00 | 25,60,20,417 | 16,17,82,125 | 41,78,02,542 | 2.51x |
Hindustan Construction Company Limited
Hincon House,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai 400 083,
Mumbai, Maharashtra, 400083
The Hindustan Construction Company Rights Issue 2024 opens on Tue, Mar 26, 2024, and closes on Fri, Apr 5, 2024.
Hindustan Construction Company Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Tue, Apr 2, 2024 |
| Issue Opening Date | Tue, Mar 26, 2024 |
| Issue Closing Date | Fri, Apr 5, 2024 |
| Date of Allotment (on or about) | Tue, Apr 16, 2024 |
| Date of Credit (on or about) | Thu, Apr 18, 2024 |
| Date of Listing (on or about) | Fri, Apr 19, 2024 |
You can apply for Hindustan Construction Company Rights Issue 2024 in two ways:
Steps to apply for Hindustan Construction Company Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Hindustan Construction Company Rights Issue 2024 using Registrar's website (R-WAP)
