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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.
| Issue Open | March 26, 2024 - April 5, 2024 |
| Security Name | Hindustan Construction Company Limited |
| Issue Size (Shares) | 166,666,666 |
| Issue Size (Amount) | ₹350.00 Crores |
| Issue Price | ₹21 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Full amount of Rs 21/- per Equity Share is payable on application. |
| Entitlement | 13 Rights Equity Share(s) for every 118 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | March 15, 2024 |
| Record Date | March 16, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | March 26, 2024 |
| Renunciation of Rights Entitlements | April 2, 2024 |
| Bid/Offer Closes On | April 5, 2024 |
| Deemed Date of Allotment | April 16, 2024 |
| Credit Date | April 18, 2024 |
| Listing Date | April 19, 2024 |
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 | ||
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.
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 417,802,542 shares.
37 3.8 Rating:  Vote Here ... |
Hindustan Construction Company Limited
Hincon House,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai 400 083,
Phone: + 91 22 2575 1000
Email: secretarial@hccindia.com
Website: http://www.hccindia.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: hcc.rights2023@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Hindustan Construction Company Rights Issue 2024 opens on March 26, 2024, and closes on April 5, 2024.
Hindustan Construction Company Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | April 2, 2024 |
| Issue Opening Date | March 26, 2024 |
| Issue Closing Date | April 5, 2024 |
| Date of Allotment (on or about) | April 16, 2024 |
| Date of Credit (on or about) | April 18, 2024 |
| Date of Listing (on or about) | April 19, 2024 |
Hindustan Construction Company Rights Issue 2024 price is set at ₹21 per share per equity share.
The eligible shareholders are being offered 13 Rights Equity Share(s) for every 118 fully paid-up Equity Shares held on Record Date (March 16, 2024).
The record date for the Hindustan Construction Company Rights Issue 2024 is March 16, 2024.
The issue size of Hindustan Construction Company Rights Issue 2024 is of 166,666,666 equity shares at ₹21 per share aggregating upto ₹350.00 Crores.
The Letter of Offer for Hindustan Construction Company Rights Issue 2024 can be download here.
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)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Hindustan Construction Company Rights Issue 2024 using Registrar's website (R-WAP)
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https://www.bseindia.com/corporates/download/1238/Rights/Draft%20Offer%20Letter_20231219150433.pdf