₹21.73 Crores | Listing at BSE | Mon, Feb 26, 2024 - Tue, Mar 5, 2024
Mitsu Chem Plast Ltd Rights Issue comprises 0.1509 Cr equity shares aggregating to ₹21.73 Cr, offered at an issue price of ₹144 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Feb 17, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 8.
The term of payment is defined as following : Issue Price of Rs.144/- per Rights Equity Share (including a premium of Rs.134/- per Rights Equity Share). The amount of Rs.72/- per Rights Equity Share (including premium of Rs.67/-) to be paid on Application. Balance to be paid on one call, as may be decided by Board/ the Rights issue Committee of the Board.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Feb 26, 2024, and closes on Mar 5, 2024, with renunciation of Rights Entitlements permitted up to Feb 29, 2024.
The deemed date of allotment is Mar 12, 2024, following which the equity shares are expected to be credited to demat accounts on Mar 13, 2024 and listed at the BSE on Mar 15, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Mitsu Chem Plast Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Feb 17, 2024
Entitlement Ratio
1 : 8
Open Date
Mon, Feb 26, 2024
Close Date
Tue, Mar 5, 2024
Issue Price of Rs.144/- per Rights Equity Share (including a premium of Rs.134/- per Rights Equity Share). The amount of Rs.72/- per Rights Equity Share (including premium of Rs.67/-) to be paid on Application. Balance to be paid on one call, as may be decided by Board/ the Rights issue Committee of the Board.
Mitsu Chem Plast Ltd's revenue increased by 19.49% and profit after tax (PAT) rose by 2.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 174.71 | 177.02 | 144.09 | 124.57 |
| Revenue | 156.00 | 309.33 | 258.86 | 179.45 |
| Profit After Tax | 2.85 | 11.80 | 11.50 | 9.69 |
| Net Worth | 65.03 | 62.42 | 50.92 | |
| Reserves and Surplus | 50.35 | 38.84 | 27.58 | |
| Total Borrowing | 81.86 | 77.09 | 67.15 | |
| Amount in ₹ Crore | ||||
Incorporated in 1990, Mitsu Chem Plast Limited is a company that specializes in producing plastic products using the blow-molding and injection-molding manufacturing processes.
The company has three manufacturing facilities out of which two are situated in Tarapur and one is situated in Khalapur. The company has increased its manufacturing capacity from of third unit from 10872 MTPA to 13179 MTPA.
The product portfolio of the company consists of Industrial containers, Healthcare furniture, Automotive components, HDPE jars, Chair parts, Plastic bottles etc.
The company's products are made through injection molding and blow molding. Mitsu Chem Plast also offers customized molding to meet customer needs.
[Dilip Davda] The company is engaged in the packaging material production and marketing. It marked de-growth in its bottom lines for the past 18 months. No doubt, the interest cost saving may boost its bottom lines going forward, depressed margins and rising competition may dilute the benefits of interest cost saving. Well-informed/cash surplus investors may park moderate funds for the medium term rewards. Read detail review...
Mitsu Chem Plast Rights Issue 2024 got oversubscribed by 2.34 times by the end of the bidding period with total bid quantity received by BSE of 35,30,921 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Mar 05 2024 17:00:00 | 35,30,921 | 2.34x |
Mitsu Chem Plast Ltd
329, Gala Complex 3rd floor,
Din Dayal Upadhyay Marg, Mulund (W),
Mumbai - 400 080
Mumbai, Maharashtra, 400080
The Mitsu Chem Plast Rights Issue 2024 opens on Mon, Feb 26, 2024, and closes on Tue, Mar 5, 2024.
Mitsu Chem Plast Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Thu, Feb 29, 2024 |
| Issue Opening Date | Mon, Feb 26, 2024 |
| Issue Closing Date | Tue, Mar 5, 2024 |
| Date of Allotment (on or about) | Tue, Mar 12, 2024 |
| Date of Credit (on or about) | Wed, Mar 13, 2024 |
| Date of Listing (on or about) | Fri, Mar 15, 2024 |
You can apply for Mitsu Chem Plast Rights Issue 2024 in two ways:
Steps to apply for Mitsu Chem Plast Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Mitsu Chem Plast Rights Issue 2024 using Registrar's website (R-WAP)
