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

August 25, 2020 - September 8, 2020
Minda Industries Limited Logo
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 Open August 25, 2020 - September 8, 2020
Security Name Minda Industries Limited
Issue Size (Shares) 9,711,739
Issue Size (Amount) ₹242.79 Crores
Issue Price ₹250 per share
Face Value ₹2 per share
Listing At BSE, NSE
Terms of Payment The full amount of Rs 250 per Rights Equity Share is payable on Application.
Entitlement 1 Rights Equity Share for every 27 Equity Shares held on the Record Date

Minda Industries Rights Issue Issue Timetable

Record Date August 17, 2020
Credit of Rights Entitlements
Bid/Offer Opens On August 25, 2020
Renunciation of Rights Entitlements
Bid/Offer Closes On September 8, 2020
Deemed Date of Allotment September 17, 2020
Credit Date September 18, 2020
Listing Date September 22, 2020

Company Financials

Summary of financial Information (Consolidated)
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

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

Minda Industries Rights Issue Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270

Minda Industries Rights Issue Lead Manager(s)

Minda Industries Rights Issue FAQs

The Minda Industries Rights Issue opens on August 25, 2020, and closes on September 8, 2020.

Minda Industries Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateAugust 25, 2020
Issue Closing DateSeptember 8, 2020
Date of Allotment (on or about)September 17, 2020
Date of Credit (on or about)September 18, 2020
Date of Listing (on or about)September 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 (August 17, 2020).

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

The issue size of Minda Industries Rights Issue is of 9,711,739 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:

  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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