₹48.86 Crores | Listing at BSE | Wed, May 31, 2023 - Wed, Jun 28, 2023
KCD Industries India Limited Rights Issue comprises 2.71 Cr equity shares aggregating to ₹48.86 Cr, offered at an issue price of ₹18 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is May 19, 2023, with the Rights Issue being offered in the entitlement ratio of 19 : 7.
The term of payment is defined as following : On Application, Investors will have to pay Rs. 4.50/- per Rights Equity Share constituting 25% of the Issue Price, and the balance Rs. 13.50/- per Rights Share constituting 75% of the Issue Price, will have to be paid, on one or more additional calls as may be decided.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jul 8, 2023.
The Rights Issue opens on May 31, 2023, and closes on Jun 28, 2023, with renunciation of Rights Entitlements permitted up to Jun 23, 2023.
The deemed date of allotment is Jul 8, 2023, following which the equity shares are expected to be credited to demat accounts on and listed at the BSE on Jul 19, 2023.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the KCD Industries India Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 19, 2023
Entitlement Ratio
19 : 7
Open Date
Wed, May 31, 2023
Close Date
Wed, Jun 28, 2023
On Application, Investors will have to pay Rs. 4.50/- per Rights Equity Share constituting 25% of the Issue Price, and the balance Rs. 13.50/- per Rights Share constituting 75% of the Issue Price, will have to be paid, on one or more additional calls as may be decided.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5.01 | 0.12 | -0.07 |
| 31-Mar-22 | 6.26 | -0.06 | 0.19 |
| Amount in ₹ Crore | |||
Incorporated in 1985, KCD Industries India Limited is engaged in the business of Construction Services. The company is experienced in various aspects of the real estate development business. This includes identifying and selecting locations, development, designing, project management, and sales and marketing. The company is capable of undertaking overall operations of real estate projects.
KCD Industries currently concentrate on construction contracts from developers. Alongside this, the company might undertake residential and commercial real estate projects independently in the future.
As civil contractors, KCD Industries India Limited is engaged in the Development and Construction of Residential and Commercial Complex.
The Company proposes to utilize the Net Proceeds to:
[Dilip Davda] The company is operating in the real estate segment which is a highly competitive and fragmented one. Its financial data is not in line with the asking price. The counter is well-operated and kept above the RI price to tempt investors. The company has a turnover of around Rs. 1.50 cr. for 9M of FY23 is looking for a market cap of Rs. 66 cr. plus with this pricey offer. Simply stay away from such fishy counters. Read detail review...
KCD Industries India Limited
501, 5th Floor, Ruby Crescent Business Boulevard,
Ashok Chakravati Road, Kandivali (East),
Mumbai – 400101
Mumbai, Maharashtra, 400101
Skyline Financial Services Pvt.Ltd.
The KCD Industries India Rights Issue 2023 opens on Wed, May 31, 2023, and closes on Wed, Jun 28, 2023.
KCD Industries India Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Thu, May 25, 2023 |
| Last Date for renunciation of Rights Entitlements | Fri, Jun 23, 2023 |
| Issue Opening Date | Wed, May 31, 2023 |
| Issue Closing Date | Wed, Jun 28, 2023 |
| Date of Allotment (on or about) | Sat, Jul 8, 2023 |
| Date of Credit (on or about) | |
| Date of Listing (on or about) | Wed, Jul 19, 2023 |
You can apply for KCD Industries India Rights Issue 2023 in two ways:
Steps to apply for KCD Industries India Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for KCD Industries India Rights Issue 2023 using Registrar's website (R-WAP)
