₹48.95 Crores | Listing at BSE | Thu, Nov 7, 2024 - Fri, Dec 6, 2024
Mercury Trade Links Ltd. Rights Issue comprises 1.09 Cr equity shares aggregating to ₹48.95 Cr, offered at an issue price of ₹44.95 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Oct 24, 2024, with the Rights Issue being offered in the entitlement ratio of 4 : 1.
The term of payment is defined as following : The Issue Price of Rs. 44.95/- per Equity Share shall be payable at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 13, 2024.
The Rights Issue opens on Nov 7, 2024, and closes on Dec 6, 2024, with renunciation of Rights Entitlements permitted up to Nov 29, 2024.
The deemed date of allotment is Dec 13, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 17, 2024 and listed at the BSE on Dec 20, 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
Thu, Oct 24, 2024
Entitlement Ratio
4 : 1
Open Date
Thu, Nov 7, 2024
Close Date
Fri, Dec 6, 2024
The Issue Price of Rs. 44.95/- per Equity Share shall be payable at the time of application.
Mercury Trade Links Ltd.'s revenue increased by 2796.42% and profit after tax (PAT) rose by 17955.56% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 19.66 | 0.69 | 0.41 |
| Revenue | 13.83 | 0.48 | 0.03 |
| Profit After Tax | 1.14 | 0.01 | -0.10 |
| Net Worth | 11.45 | 0.41 | |
| Reserves and Surplus | 8.73 | 0.16 | 0.16 |
| Amount in ₹ Crore | |||
Mercury Trade Links Limited was founded on August 20, 1985.
The company specializes in trading a wide range of agro products including fertilizers, manures, plant and animal foods. They also trade in pesticides such as insecticides, herbicides and fungicides as well as various types of grain and seeds.
Their extensive product portfolio includes rice, corn, milo, cotton seeds, soybeans, groundnuts, castor seeds, linseeds, sunflower, coconut, rapeseed, almonds, sesame seeds, mustard, sea seeds and grape seeds. They source these agricultural products directly from the producers to ensure quality and reliability.
To facilitate their business, they make advance payments or adhere to the conditions agreed with manufacturers. These products are then distributed through their established network of distributors, allowing them to effectively serve the market and meet customer demand.
The Company proposes to utilize the net proceeds from the issue towards funding the following objects:
1. Working capital requirement;
2. General Corporate Purpose;
3. To meet Issue Expenses.
[Dilip Davda] The company is engaged in the business of trading all sort of agri commodities, metals, pharma etc. Its financial performance is not in line with the asking price. This is the second RI from the company within just 8 months that raises eyebrows. There is no harm in skipping this “High Risk/Low Return” pricey offer. Read detail review...
Mercury Trade Links Rights Issue October 2024 got oversubscribed by 1.07 times by the end of the bidding period with total bid quantity received by BSE of 1,16,34,005 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 06 2024 17:00:00 | 1,16,34,005 | 1.07x |
Mercury Trade Links Ltd.
C-1211, Swati Trinity,
Applewoods, Shela, Shela,
Ahmedabad, Daskroi, 380058
Ahmedabad, Gujarat, 380058
The Mercury Trade Links Rights Issue October 2024 opens on Thu, Nov 7, 2024, and closes on Fri, Dec 6, 2024.
Mercury Trade Links Rights Issue October 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Nov 7, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Nov 29, 2024 |
| Issue Opening Date | Thu, Nov 7, 2024 |
| Issue Closing Date | Fri, Dec 6, 2024 |
| Date of Allotment (on or about) | Fri, Dec 13, 2024 |
| Date of Credit (on or about) | Tue, Dec 17, 2024 |
| Date of Listing (on or about) | Fri, Dec 20, 2024 |
You can apply for Mercury Trade Links Rights Issue October 2024 in two ways:
Steps to apply for Mercury Trade Links Rights Issue October 2024 using Net Banking (ASBA)
Steps to apply for Mercury Trade Links Rights Issue October 2024 using Registrar's website (R-WAP)
