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KDDL Limited Rights Issue (KDDL Rights Issue) Detail

Apr 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 Apr 9, 2021 - May 7, 2021
Security Name KDDL Limited
Issue Size (Shares) 0.11 Crores
Issue Size (Amount) ₹25.00 Crores
Issue Price ₹230 per share
Face Value ₹10 per share
Minimum Lot size
Market Lot 1 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

Bid/Offer Opens On Apr 9, 2021
Bid/Offer Closes On May 7, 2021
Record Date Mar 31, 2021
Deemed Date of Allotment May 14, 2021
Renunciation of Rights Entitlements Apr 29, 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://karisma.kfintech.com/

KDDL Rights Issue Lead Manager(s)


2 Comments

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  
I'm not a share holder can I buy right issues please help I'm new to the trading