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KDDL Limited Rights Issue (KDDL Rights Issue) Detail

April 9, 2021 - May 7, 2021
KDDL Limited Logo

KDDL Limited is engaged in the manufacturing of watch components and precision engineering products. It is one of India’s leading watch components manufacturers for over three decades.

KDDL supplies watch components to domestic and international luxury watch brands. KDDL Limited recently acquired Estima AG, an established maker of watch hands in Switzerland.

KDDL caters to various industries like automobile, electrical and electronics, consumer durables, industrial engineering, instrumentation, aerospace, and defence industry through precision engineering products like electrical connectors and terminals, components of relays for aerospace application, electrical switch gears, cell phone chargers, battery and components for the automobile sector, etc.

KDDL also manufactures ornamental packaging boxes for watches, jewellery, and writing instruments.

KDDL Rights Issue Detail

Issue Open April 9, 2021 - May 7, 2021
Security Name KDDL Limited
Issue Size (Shares) 1,086,956
Issue Size (Amount) ₹25.00 Crores
Issue Price ₹230 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment The full amount of the Issue Price being Rs 230 will be payable on application
Entitlement 7 Rights Equity Share for every 75 Fully Paid-Up Equity Shares held on the record date

KDDL Rights Issue Issue Timetable

Record Date March 31, 2021
Credit of Rights Entitlements April 8, 2021
Bid/Offer Opens On April 9, 2021
Renunciation of Rights Entitlements April 29, 2021
Bid/Offer Closes On May 7, 2021
Deemed Date of Allotment May 14, 2021
Credit Date May 15, 2021
Listing Date May 17, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19
Total Assets 65,719.80 51,886.79
Total Revenue 65,834.68 62,796.71
Profit After Tax (196.57) 2,517.48

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized towards ; (i.) Investment in Ethos Limited (KDDL's material subsidiary) for funding its working capital requirements; (ii) General corporate purposes.

KDDL Rights Issue Documents

KDDL Rights Issue Rating

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KDDL Rights Issue Reviews

Company Contact Information

KDDL Limited
Kamla Centre,
SCO 88-89, Sector – 8C,
Chandigarh – 160009

Phone: +91-172-2548223
Email: investor.complaints@kddl.com
Website: https://www.kddl.com/

KDDL Rights Issue Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: kddl.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

KDDL Rights Issue Lead Manager(s)

KDDL Rights Issue FAQs

The KDDL Rights Issue opens on April 9, 2021, and closes on May 7, 2021.

KDDL Rights Issue Schedule

Last Date for credit of Rights EntitlementsApril 8, 2021
Last Date for renunciation of Rights EntitlementsApril 29, 2021
Issue Opening DateApril 9, 2021
Issue Closing DateMay 7, 2021
Date of Allotment (on or about)May 14, 2021
Date of Credit (on or about)May 15, 2021
Date of Listing (on or about)May 17, 2021

KDDL Rights Issue price is set at ₹230 per share per equity share.

The eligible shareholders are being offered 7 Rights Equity Share for every 75 Fully Paid-Up Equity Shares held on the record date (March 31, 2021).

The record date for the KDDL Rights Issue is March 31, 2021.

The issue size of KDDL Rights Issue is of 1,086,956 equity shares at ₹230 per share aggregating upto ₹25.00 Crores.

The Letter of Offer for KDDL Rights Issue can be download here.

You can apply for KDDL Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for KDDL Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the KDDL Rights Issue available on the list.
  4. Click the Apply button next to the KDDL Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

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 KDDL Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select KDDL Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. Padmesh J Laddha     Link|May 5, 2021 1:46:09 AM
Hello
I have taken KDDL RE 155 shares on 16th April 2012, where as record date for Right issue is 31st March. My questions are :
1) Should I apply for Right issue ?
2) Will this KDDL RE be trader again on stock exchange ?
3) How can I get my money back ?

Please help as soon as possible .
1. Uday thella     Link|April 21, 2021 12:30:56 PM
I'm not a share holder can I buy right issues please help I'm new to the trading

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