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Mercury Metals Limited Rights Issue (Mercury Metals Rights Issue 2022) Detail

Aug 16, 2022 - Aug 30, 2022
Mercury Metals Limited Logo

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.

Mercury Metals Rights Issue 2022 Detail

Issue Open Aug 16, 2022 - Aug 30, 2022
Security Name Mercury Metals Limited
Issue Size (Shares) 159,914,548
Issue Size (Amount) ₹47.97 Crores
Issue Price ₹3 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

Investors will have to pay the entire offer price i.e. Rs. 3/- per Rights Equity Share at the time of Application.

Entitlement 23 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record Date

Mercury Metals Rights Issue 2022 Issue Timetable

Record Date Aug 4, 2022
Credit of Rights Entitlements Aug 15, 2022
Bid/Offer Opens On Aug 16, 2022
Renunciation of Rights Entitlements Aug 24, 2022
Bid/Offer Closes On Aug 30, 2022
Deemed Date of Allotment Sep 8, 2022
Credit Date Sep 13, 2022
Listing Date Sep 15, 2022

Company Financials

Mercury Metals Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-211.131.18-0.091.120.42
31-Mar-221.481.220.231.350.66
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds to:

1. Repayment of Unsecured Loan.

2. Adjustment of Unsecured Loans.

3. General Corporate Purposes.

Mercury Metals Rights Issue 2022 Documents

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Company Contact Information

Mercury Metals Limited
36, Advani Market,
O/S Delhi Municipal Market
Ahmedabad-380004

Phone: +91-79-65425275
Email: metal.mercury@gmail.com
Website: http://www.mercurymetals.in/

Mercury Metals Rights Issue 2022 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: http://www.bigshareonline.com

Mercury Metals Rights Issue 2022 Lead Manager(s)

Mercury Metals Rights Issue 2022 FAQs

The Mercury Metals Rights Issue 2022 opens on Aug 16, 2022, and closes on Aug 30, 2022.

Mercury Metals Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsAug 15, 2022
Last Date for renunciation of Rights EntitlementsAug 24, 2022
Issue Opening DateAug 16, 2022
Issue Closing DateAug 30, 2022
Date of Allotment (on or about)Sep 8, 2022
Date of Credit (on or about)Sep 13, 2022
Date of Listing (on or about)Sep 15, 2022

Mercury Metals Rights Issue 2022 price is set at ₹3 per share per equity share.

The eligible shareholders are being offered 23 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record Date (Aug 4, 2022).

The record date for the Mercury Metals Rights Issue 2022 is Aug 4, 2022.

The issue size of Mercury Metals Rights Issue 2022 is of 159,914,548 equity shares at ₹3 per share aggregating upto ₹47.97 Crores.

The Letter of Offer for Mercury Metals Rights Issue 2022 can be download here.

You can apply for Mercury Metals Rights Issue 2022 in two ways:

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

Steps to apply for Mercury Metals Rights Issue 2022 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 Mercury Metals Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Mercury Metals Rights Issue 2022.
  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 Mercury Metals Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Mercury Metals Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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