₹25.00 Crores | Listing at BSE, NSE | Fri, Apr 9, 2021 - Fri, May 7, 2021
KDDL Limited Rights Issue comprises 0.1087 Cr equity shares aggregating to ₹25.00 Cr, offered at an issue price of ₹230 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Mar 31, 2021.
As per the terms of payment, ₹230 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Apr 8, 2021.
The Rights Issue opens on Apr 9, 2021 and closes on May 7, 2021.
The deemed date of allotment is May 14, 2021, following which the equity shares are expected to be credited to demat accounts on May 15, 2021 and listed on NSE and BSE on May 17, 2021.
ITI Capital Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the KDDL Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Mar 31, 2021
Entitlement Ratio
:
Open Date
Fri, Apr 9, 2021
Close Date
Fri, May 7, 2021
| 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 | |
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.
[Dilip Davda] KDDL is a dominant player in watches and accessories from India and has been fancied by investors across the board. If we look at its recent price movement, the offer at Rs. 230 appears somewhat cheaper. Investors may consider investment with a long term perspective in this rights offer. Read detail review...
KDDL Limited
Kamla Centre,
SCO 88-89, Sector – 8C,
Chandigarh – 160009
Chandigarh, Chandigarh, 160009
The KDDL Rights Issue opens on Fri, Apr 9, 2021, and closes on Fri, May 7, 2021.
KDDL Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Thu, Apr 8, 2021 |
| Last Date for renunciation of Rights Entitlements | Thu, Apr 29, 2021 |
| Issue Opening Date | Fri, Apr 9, 2021 |
| Issue Closing Date | Fri, May 7, 2021 |
| Date of Allotment (on or about) | Fri, May 14, 2021 |
| Date of Credit (on or about) | Sat, May 15, 2021 |
| Date of Listing (on or about) | Mon, May 17, 2021 |
You can apply for KDDL Rights Issue in two ways:
Steps to apply for KDDL Rights Issue using Net Banking (ASBA)
Steps to apply for KDDL Rights Issue using Registrar's website (R-WAP)
