₹98.37 Crores | Listing at BSE, NSE | Tue, Dec 26, 2023 - Wed, Jan 10, 2024
Lloyds Engineering Works Limited Rights Issue comprises 6.35 Cr equity shares aggregating to ₹98.37 Cr, offered at an issue price of ₹15.5 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Dec 14, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 17.
The term of payment is defined as following : The entire amount of the Issue Price of ₹ 15.50 per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 18, 2024.
The Rights Issue opens on Dec 26, 2023, and closes on Jan 10, 2024, with renunciation of Rights Entitlements permitted up to Jan 5, 2024.
The deemed date of allotment is Jan 18, 2024, following which the equity shares are expected to be credited to demat accounts on Jan 19, 2024 and listed at the NSE and the BSE on Jan 24, 2024.
Mark Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Lloyds Engineering Works Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Dec 14, 2023
Entitlement Ratio
1 : 17
Open Date
Tue, Dec 26, 2023
Close Date
Wed, Jan 10, 2024
The entire amount of the Issue Price of ₹ 15.50 per Rights Equity Share shall be payable at the time of Application.
Lloyds Engineering Works Limited's revenue increased by 432.03% and profit after tax (PAT) rose by 519.17% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 370.85 | 194.13 | 151.45 | 157.83 |
| Revenue | 318.41 | 59.85 | 83.14 | 122.76 |
| Profit After Tax | 36.82 | 5.95 | 0.50 | 2.49 |
| Net Worth | ||||
| Reserves and Surplus | ||||
| Total Borrowing | ||||
| Amount in ₹ Crore | ||||
Incorporated in 1994, Lloyds Engineering Works Limited is a designer and manufacturer of Heavy Equipment, Machinery, and Systems for Hydro Carbon Sector, Oil and Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects.
Lloyds Engineering Works has its workshop located at Murbad Dist Thane approximately 100 km away from the Head office in Mumbai. The company has four workshops named A, B, C & D. All these workshops are adjacent plots and have a specific area of work assigned to each of the workshops.
These workshops employ heavy machinery such as Hydraulic Plate Bending Machine Make Boldirini, which has a capacity of up to 100 Thk x 2500 mm width cold bending, 3 roll Pinch cum Pyramid type, PSI / HY 3500; Horizontal Boring machine Skoda make WD 250; Milling machine, TOS make X-axis travel 1400 mm; Horizontal Boring machine Kolb Make HB 125; Vertical turret lathe, Schiess make Single column type; Horizontal Boring machine Russian make HB 90 - Spindle dia 90 mm; Plano Millar Machine Ingersoll - Rand make; Hydraulic press 2 Nos of Hydraulic press with a 1000 MT and 2000 MT capacity; NC Tube bending machine For 1D pipe dia bending with a diameter of tube up to 110 mm; Submerged Arc welding unit trolley type with power pack HC 10-3 sets, 1000 Amps; Submerged Arc welding unit with column and boom - 1 No, 1000 Amps; and Stress relieving furnace - LDO fired, with 8 channel thermocouples 6 meter x 6 meters x 14 meters long with a max job capacity 40 MT.
The company is accredited with ISO 9001:2015 certification by SGS, UK. It is also approved/enlisted by international consultants like Thyssenkrupp, Tecnimont, Aker Kvaerner, Jacobs, EIL, UHDE, PESO, IBR, LINDE, PDIL, TOYO, Technip, MECON, MN Dastur, SMS Group, etc.
The company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] The company that undergone many strides and change in management. However, it appears to be on track since FY23 as indicated by its spectacular performance. This RI is at a discount of around 181.48% based on its last traded price. Investors may park funds for the medium to long term rewards. Read detail review...
Lloyds Engineering Works Rights Issue 2023 got oversubscribed by 2.8 times by the end of the bidding period with total bid quantity received by BSE and NSE of 17,78,66,738 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jan 10 2024 17:00:15 | 16,08,62,193 | 1,70,04,545 | 17,78,66,738 | 2.80x |
Lloyds Engineering Works Limited
Plot No. A-5/5,
MIDC Industrial Area,
Murbad, District Thane – 421 401
Murbad, Maharashtra, 421401
The Lloyds Engineering Works Rights Issue 2023 opens on Tue, Dec 26, 2023, and closes on Wed, Jan 10, 2024.
Lloyds Engineering Works Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Sun, Jan 21, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Jan 5, 2024 |
| Issue Opening Date | Tue, Dec 26, 2023 |
| Issue Closing Date | Wed, Jan 10, 2024 |
| Date of Allotment (on or about) | Thu, Jan 18, 2024 |
| Date of Credit (on or about) | Fri, Jan 19, 2024 |
| Date of Listing (on or about) | Wed, Jan 24, 2024 |
You can apply for Lloyds Engineering Works Rights Issue 2023 in two ways:
Steps to apply for Lloyds Engineering Works Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Lloyds Engineering Works Rights Issue 2023 using Registrar's website (R-WAP)
