₹242.79 Crores | Listing at BSE, NSE | Tue, Aug 25, 2020 - Tue, Sep 8, 2020
Minda Industries Limited Rights Issue comprises 0.9712 Cr equity shares aggregating to ₹242.79 Cr, offered at an issue price of ₹250 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is Aug 17, 2020, with the Rights Issue being offered in the entitlement ratio of 1:27.
As per the terms of payment, ₹250 per share payable in full at the time of application.
The Rights Issue opens on Aug 25, 2020 and closes on Sep 8, 2020.
The deemed date of allotment is Sep 17, 2020, following which the equity shares are expected to be credited to demat accounts on Sep 18, 2020 and listed on NSE and BSE on Sep 22, 2020.
Axis Capital Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Minda Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Aug 17, 2020
Entitlement Ratio
1 : 27
Open Date
Tue, Aug 25, 2020
Close Date
Tue, Sep 8, 2020
| Particulars | For the year/period ended (Rs in Million) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 48,388.50 | 42,306.30 | |
| Total Revenue | 55,043.90 | 59,351.20 | |
| Profit After Tax | 1,747.40 | 3,206.10 | |
[Dilip Davda] Following slowdown in automobile segment due to COVID-19 pandemic, this company too suffered and may post dismal performance for Q1 of FY21. However, considering promoter's holding above 70%, there is no harm in considering this offer with a long term perspective. Read detail review...
Minda Industries Limited
B-64/1, Wazirpur Industrial Area
Delhi 110 052, India
The Minda Industries Rights Issue opens on Tue, Aug 25, 2020, and closes on Tue, Sep 8, 2020.
Minda Industries Rights Issue Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | |
| Issue Opening Date | Tue, Aug 25, 2020 |
| Issue Closing Date | Tue, Sep 8, 2020 |
| Date of Allotment (on or about) | Thu, Sep 17, 2020 |
| Date of Credit (on or about) | Fri, Sep 18, 2020 |
| Date of Listing (on or about) | Tue, Sep 22, 2020 |
You can apply for Minda Industries Rights Issue in two ways:
Steps to apply for Minda Industries Rights Issue using Net Banking (ASBA)
Steps to apply for Minda Industries Rights Issue using Registrar's website (R-WAP)
