Minda Industries Limited Rights Issue (Minda Industries Rights Issue) Detail

Aug 25, 2020 - Sep 8, 2020

Incorporated in September 1995, Minda Industries Limited (MIL) is the flagship company of the UNO MINDA engaged in manufacturing of automotive components and solutions to original equipment manufacturers (OEM). The Company offers a range of products across various verticals of auto components.

MIL has entered into agreements with different companies for four-wheeler switches, CNG/LPG kits, PV alloy wheel, LED lamps for 2 wheelers and to be a global player in automotive horns segment.

As of 31st March 2020, the company has 24 Subsidiaries (including one partnership firm), four Associates (including two partnership firms) and nine Joint Ventures. MIL does not have a holding company.

Minda Industries Rights Issue Detail

Issue OpenAug 25, 2020 - Sep 8, 2020
Security NameMinda Industries Limited
Issue Size (Shares)0.97 Crores
Issue Size (Amount)₹242.79 Crores
Issue Price₹250 per share
Face Value₹2 per share
Minimum Lot size
Market Lot1 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of ₹ 250 per Rights Equity Share is payable on Application.
Entitlement1 Rights Equity Share for every 27 Equity Shares held on the Record Date

Minda Industries Rights Issue Issue Timetable

Bid/Offer Opens OnAug 25, 2020
Bid/Offer Closes OnSep 8, 2020
Record DateAug 17, 2020
Deemed Date of AllotmentSep 17, 2020

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (₹ 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

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards the following objects:
(a) Repayment/ prepayment of all or of a portion of the principal/ interest of certain borrowings availed by the Company;
(b) Investment in Company's Joint Venture - Toyoda Gosei Minda India Private Limited;
(c) General corporate purposes.

Minda Industries Rights Issue Documents

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Company Contact Information

Minda Industries Limited
B-64/1, Wazirpur Industrial Area
Delhi 110 052, India


Phone: 011-49373931
Email: investor@mindagroup.com
Website: https://www.unominda.com/

Minda Industries Rights Issue Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: mil.rights@linkintime.co.in
    Website: http://www.linkintime.co.in

Minda Industries Rights Issue FAQs

  1. When is Minda Industries Rights Issue coming?

    The Minda Industries Rights Issue opens on Aug 25, 2020, and closes on Sep 8, 2020.

  2. What is the schedule for Minda Industries Rights Issue?

    Minda Industries Rights Issue Schedule

    Last Date for credit of Rights Entitlements[.]
    Last Date for renunciation of Rights Entitlements[.]
    Issue Opening DateAug 25, 2020
    Issue Closing DateSep 8, 2020
    Date of Allotment (on or about)Sep 17, 2020
    Date of Credit (on or about)Sep 18, 2020
    Date of Listing (on or about)Sep 22, 2020
  3. What is the issue price for Minda Industries Rights Issue?

    Minda Industries Rights Issue price is set at ₹250 per share per equity share.

  4. In what ratio is the Minda Industries Rights Issue offered?

    The eligible shareholders are being offered 1 Rights Equity Share for every 27 Equity Shares held on the Record Date (Aug 17, 2020).

  5. What is the record date for Minda Industries Rights Issue?

    The record date for the Minda Industries Rights Issue is Aug 17, 2020.

  6. What is the issue size of Minda Industries Rights Issue?

    The issue size of Minda Industries Rights Issue is of 0.97 Crores equity shares at ₹250 per share aggregating upto ₹242.79 Crores.

  7. Where can I get the Letter of Offer for Minda Industries Rights Issue?

    The Letter of Offer for Minda Industries Rights Issue can be download here.

  8. How to apply for Minda Industries Rights Issue?

    You can apply for Minda Industries Rights Issue in two ways:

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

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

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

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