₹47.40 Crores | Listing at BSE | Mon, Aug 22, 2022 - Mon, Sep 5, 2022
KCL Infra Projects Limited Rights Issue comprises 23.70 Cr equity shares aggregating to ₹47.40 Cr, offered at an issue price of ₹2 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is Aug 5, 2022.
As per the terms of payment, ₹2 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 Aug 19, 2022.
The Rights Issue opens on Aug 22, 2022, and closes on Sep 5, 2022, with renunciation of Rights Entitlements permitted up to Aug 31, 2022.
The deemed date of allotment is Sep 15, 2022, following which the equity shares are expected to be credited to demat accounts on Sep 19, 2022 and listed on the BSE on Sep 20, 2022.
Capital Square Advisors Pvt.Ltd. is the Lead Manager to the issue and Adroit Corporate Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the KCL Infra Projects Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Aug 5, 2022
Entitlement Ratio
:
Open Date
Mon, Aug 22, 2022
Close Date
Mon, Sep 5, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-21 | 35.32 | 5.12 | 0.1 | 19.26 | 14 |
| 31-Mar-22 | 43.05 | 16.31 | 0.48 | 19.75 | 14.48 |
| Amount in ₹ Crore | |||||
Incorporated in 1995, KCL Infra Projects Limited is engaged in road, canal, dam construction and many other works in construction and development. The company offers services such as Construction & Infrastructure, Consultancy, Trading, and Derivative Equity & Unit. The projects include all infrastructure works e.g. civil engineering, road construction, and high-rise buildings for both commercial and residential usage.
The intended use of the Net Proceeds of the Issue by the Company is set forth:
1.Working Capital requirements
2.General Corporate purposes
[Dilip Davda] The company has posted an average financial performance so far. KCLIPL’s paid-up equity capital rises by 9 times and raises concern for its servicing. Promoter’s low stake is also a worry. It appears the counter is rigged above the offer price to lure investors to the RI subscription. Risk seeker/cash surplus investors may consider an investment with a long-term perspective. Read detail review...
KCL Infra Projects Limited
B-3 / 204, Saket complex,
Thane (west),
Thane - 400601
Thane, Maharashtra, 400601
The KCL Infra Projects Rights Issue 2022 opens on Mon, Aug 22, 2022, and closes on Mon, Sep 5, 2022.
KCL Infra Projects Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Fri, Aug 19, 2022 |
| Last Date for renunciation of Rights Entitlements | Wed, Aug 31, 2022 |
| Issue Opening Date | Mon, Aug 22, 2022 |
| Issue Closing Date | Mon, Sep 5, 2022 |
| Date of Allotment (on or about) | Thu, Sep 15, 2022 |
| Date of Credit (on or about) | Mon, Sep 19, 2022 |
| Date of Listing (on or about) | Tue, Sep 20, 2022 |
You can apply for KCL Infra Projects Rights Issue 2022 in two ways:
Steps to apply for KCL Infra Projects Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for KCL Infra Projects Rights Issue 2022 using Registrar's website (R-WAP)
