₹9.90 Crores | Listing at BSE | Mon, Mar 11, 2024 - Thu, Mar 21, 2024
Mercury Trade Links Ltd. Rights Issue comprises 0.2475 Cr equity shares aggregating to ₹9.90 Cr, offered at an issue price of ₹40 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Mar 1, 2024, with the Rights Issue being offered in the entitlement ratio of 10 : 1.
The term of payment is defined as following : The Issue Price of Rs. 40/- per Equity Share shall be payable at the time of application
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 28, 2024.
The Rights Issue opens on Mar 11, 2024, and closes on Mar 21, 2024, with renunciation of Rights Entitlements permitted up to Mar 15, 2024.
The deemed date of allotment is Mar 28, 2024, following which the equity shares are expected to be credited to demat accounts on Apr 2, 2024 and listed at the BSE on Apr 5, 2024.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Mercury Trade Links Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Mar 1, 2024
Entitlement Ratio
10 : 1
Open Date
Mon, Mar 11, 2024
Close Date
Thu, Mar 21, 2024
The Issue Price of Rs. 40/- per Equity Share shall be payable at the time of application
Mercury Trade Links Ltd.'s revenue increased by 1751.16% and profit after tax (PAT) rose by 106.44% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 0.70 | 0.41 | 0.52 |
| Revenue | 0.48 | 0.03 | 0.65 |
| Profit After Tax | 0.01 | -0.10 | 0.07 |
| Reserves and Surplus | 0.16 | 0.16 | 0.26 |
| Amount in ₹ Crore | |||
Incorporated in 1985, Mercury Trade Links Limited trades in various agro products such as fertilizers, manures, plant or animal foods, and pesticides which include insecticides, herbicides or weedicides and fungicides.
The company also deals in a wide range of agricultural produce including rice, maize, milo, seeds, cotton seeds, soybeans, ground nuts, castors, linseeds, sunflower, coconut, rapeseed, almond, sesame, mustard, sea seed, and grapeseed among others.
As of March 2024, the company has 7 employees in various departments.
[Dilip Davda] It’s really surprising how the regulators have approved the offer documents and permitted the company to bring RI at a price of Rs. 40 per share when they had listless performance till FY23. The counter is dormant since February 2021. There is no promoter holding and entire equity is with the general public. Simply stay away from this exorbitantly priced bet. Read detail review...
Mercury Trade Links Rights Issue 2024 got oversubscribed by 1.59 times by the end of the bidding period with total bid quantity received by BSE of 39,36,165 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Mar 21 2024 17:00:00 | 39,36,165 | 1.59x |
Mercury Trade Links Ltd.
Office No: D-518, Swati Crimson and Clover
Shilaj Circle, Sardar Patel Ring Road,
Thaltej, Ahmedabad-380054
Ahmedabad, Gujarat, 380054
The Mercury Trade Links Rights Issue 2024 opens on Mon, Mar 11, 2024, and closes on Thu, Mar 21, 2024.
Mercury Trade Links Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Wed, Mar 6, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Mar 15, 2024 |
| Issue Opening Date | Mon, Mar 11, 2024 |
| Issue Closing Date | Thu, Mar 21, 2024 |
| Date of Allotment (on or about) | Thu, Mar 28, 2024 |
| Date of Credit (on or about) | Tue, Apr 2, 2024 |
| Date of Listing (on or about) | Fri, Apr 5, 2024 |
You can apply for Mercury Trade Links Rights Issue 2024 in two ways:
Steps to apply for Mercury Trade Links Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Mercury Trade Links Rights Issue 2024 using Registrar's website (R-WAP)
