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Mercury Trade Links Ltd. Rights Issue (Mercury Trade Links Rights Issue 2024) Detail

March 11, 2024 - March 21, 2024
Mercury Trade Links Ltd. Logo

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.

Mercury Trade Links Rights Issue 2024 Detail

Issue Open March 11, 2024 - March 21, 2024
Security Name Mercury Trade Links Ltd.
Issue Size (Shares) 2,475,000
Issue Size (Amount) ₹9.90 Crores
Issue Price ₹40 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The Issue Price of Rs. 40/- per Equity Share shall be payable at the time of application

Entitlement 10 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Mercury Trade Links Rights Issue 2024 Issue Timetable

Last Date to buy sharesFebruary 29, 2024
Record Date March 1, 2024
Credit of Rights Entitlements March 6, 2024
Bid/Offer Opens On March 11, 2024
Renunciation of Rights Entitlements March 15, 2024
Bid/Offer Closes On March 21, 2024
Deemed Date of Allotment March 28, 2024
Credit Date April 2, 2024
Listing Date April 5, 2024

Company Financials

Mercury Trade Links Ltd. Financial Information (Restated)

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 Ended31 Mar 202331 Mar 202231 Mar 2021
Assets0.700.410.52
Revenue0.480.030.65
Profit After Tax0.01-0.100.07
Reserves and Surplus0.160.160.26
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the net proceeds from the issue towards funding the following objects:
  1. Working capital requirement;
  2. General Corporate Purpose; and
  3. To meet Issue Expenses.

Mercury Trade Links Rights Issue 2024 Subscription Status

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 3,936,165 shares.

Mercury Trade Links Rights Issue 2024 Documents

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Company Contact Information

Mercury Trade Links Ltd.
Office No: D-518, Swati Crimson and Clover
Shilaj Circle, Sardar Patel Ring Road,
Thaltej, Ahmedabad-380054

Phone: +91 9106880417
Email: mercurytradelinkslimited@gmail.com
Website: https://www.mercurytradelinks.co.in/

Mercury Trade Links Rights Issue 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: mercurytrade.rights2023@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Mercury Trade Links Rights Issue 2024 Lead Manager(s)

Mercury Trade Links Rights Issue 2024 FAQs

The Mercury Trade Links Rights Issue 2024 opens on March 11, 2024, and closes on March 21, 2024.

Mercury Trade Links Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsMarch 6, 2024
Last Date for renunciation of Rights EntitlementsMarch 15, 2024
Issue Opening DateMarch 11, 2024
Issue Closing DateMarch 21, 2024
Date of Allotment (on or about)March 28, 2024
Date of Credit (on or about)April 2, 2024
Date of Listing (on or about)April 5, 2024

Mercury Trade Links Rights Issue 2024 price is set at ₹40 per share per equity share.

The eligible shareholders are being offered 10 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (March 1, 2024).

The record date for the Mercury Trade Links Rights Issue 2024 is March 1, 2024.

The issue size of Mercury Trade Links Rights Issue 2024 is of 2,475,000 equity shares at ₹40 per share aggregating upto ₹9.90 Crores.

The Letter of Offer for Mercury Trade Links Rights Issue 2024 can be download here.

You can apply for Mercury Trade Links Rights Issue 2024 in two ways:

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

Steps to apply for Mercury Trade Links Rights Issue 2024 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 Trade Links Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Mercury Trade Links Rights Issue 2024.
  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 Trade Links Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Mercury Trade Links Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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