₹47.97 Crores | Listing at BSE | Tue, Aug 16, 2022 - Tue, Aug 30, 2022
Mercury Metals Limited Rights Issue comprises 15.99 Cr equity shares aggregating to ₹47.97 Cr, offered at an issue price of ₹3 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Aug 4, 2022.
As per the terms of payment, ₹3 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 15, 2022.
The Rights Issue opens on Aug 16, 2022, and closes on Aug 30, 2022, with renunciation of Rights Entitlements permitted up to Aug 24, 2022.
The deemed date of allotment is Sep 8, 2022, following which the equity shares are expected to be credited to demat accounts on Sep 13, 2022 and listed on the BSE on Sep 15, 2022.
Kunvarji Finstock 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 Mercury Metals Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Aug 4, 2022
Entitlement Ratio
:
Open Date
Tue, Aug 16, 2022
Close Date
Tue, Aug 30, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-21 | 1.13 | 1.18 | -0.09 | 1.12 | 0.42 |
| 31-Mar-22 | 1.48 | 1.22 | 0.23 | 1.35 | 0.66 |
| Amount in ₹ Crore | |||||
Incorporated in 1986, Mercury Metals Limited is a manufacturer of Electronic Vehicles business. The company's manufacturing plant is located in Vadodara.
The Company is engaged in the business of trading all types of ferrous and nonferrous metal scraps, alloys, anodes and castings.
The Company proposes to utilize the Net Proceeds to:
1. Repayment of Unsecured Loan.
2. Adjustment of Unsecured Loans.
3. General Corporate Purposes.
[Dilip Davda] The company has not yet marked turnover above Rs. 2 Cr. for any quarter so far. It is raising funds to clear unsecured loans with aggressively priced RI. Though its name includes Metal, it is planning to enter the EV business and has shown rosy prospects. There are so many anomalies in the offer documents. Investors may ignore this aggressively priced RI. Read detail review...
Mercury Metals Limited
36, Advani Market,
O/S Delhi Municipal Market
Ahmedabad-380004
Ahmedabad, Gujarat, 380004
The Mercury Metals Rights Issue 2022 opens on Tue, Aug 16, 2022, and closes on Tue, Aug 30, 2022.
Mercury Metals Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Mon, Aug 15, 2022 |
| Last Date for renunciation of Rights Entitlements | Wed, Aug 24, 2022 |
| Issue Opening Date | Tue, Aug 16, 2022 |
| Issue Closing Date | Tue, Aug 30, 2022 |
| Date of Allotment (on or about) | Thu, Sep 8, 2022 |
| Date of Credit (on or about) | Tue, Sep 13, 2022 |
| Date of Listing (on or about) | Thu, Sep 15, 2022 |
You can apply for Mercury Metals Rights Issue 2022 in two ways:
Steps to apply for Mercury Metals Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Mercury Metals Rights Issue 2022 using Registrar's website (R-WAP)
