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.
| Issue Open | Aug 25, 2020 - Sep 8, 2020 |
| Security Name | Minda 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 Lot | 1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of ? 250 per Rights Equity Share is payable on Application. |
| Entitlement | 1 Rights Equity Share for every 27 Equity Shares held on the Record Date |
| Bid/Offer Opens On | Aug 25, 2020 |
| Bid/Offer Closes On | Sep 8, 2020 |
| Record Date | Aug 17, 2020 |
| Deemed Date of Allotment | Sep 17, 2020 |
| Renunciation of Rights Entitlements |
| 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 | |
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.
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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/
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
The Minda Industries Rights Issue opens on Aug 25, 2020, and closes on 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 | Aug 25, 2020 |
| Issue Closing Date | Sep 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 |
Minda Industries Rights Issue price is set at ₹250 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share for every 27 Equity Shares held on the Record Date (Aug 17, 2020).
The record date for the Minda Industries Rights Issue is Aug 17, 2020.
The issue size of Minda Industries Rights Issue is of 0.97 Crores equity shares at ₹250 per share aggregating upto ₹242.79 Crores.
The Letter of Offer for Minda Industries Rights Issue can be download here.
You can apply for Minda Industries Rights Issue in two ways:
Steps to apply for Minda Industries Rights Issue using Net Banking (ASBA)
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)
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