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Pricol Limited Rights Issue (Pricol Rights Issue) Detail

December 3, 2020 - December 17, 2020
Pricol Limited Logo
Incorporated in 2011, Pricol Limited is one of the leading manufacturers of automotive components in India, catering primarily to automotive OEMs (Original Equipment Manufacturers), both domestically and overseas. Pricol is a reputed global brand providing leading automobile and industrial brands with technology-intensive solutions in over 45 countries with more than 2000 product variants. Pricol's product portfolio consists of Driver information systems and sensors, pumps and allied products, telematics, and wiping system. Pricol's market share for driver information systems (that includes instrument clusters, speedometers, and pressure gauges) for commercial vehicles in India is 48.90%. Pricol products are used across various vehicle segments, including for two-wheelers, three-wheelers, four-wheeler passenger vehicles, light commercial vehicles, heavy commercial vehicles, and tractors. Pricol also caters to the construction equipment segment in the global market. As of Sep 2020, Pricol has seven manufacturing units spread across five states and two manufacturing facilities in Indonesia that offer best in class precision-engineered products. It has two international offices and also two DSIR (Department of Scientific and Industrial Research) registered research and development centers in Coimbatore. Company Strengths: � Diversified product portfolio. � Long-standing relationships with customers. � The strategic location of manufacturing units with backward integration. � The experienced and qualified management team. Company Strategies: � Focus on increasing customer base in India and other high-growth markets. � Constant enhancement of design, development, and testing capabilities to provide advanced and high value-added products. � To pursue strategic alliances and inorganic growth opportunities. � Increase capacity in existing product portfolio and enhance capacity utilization � Ensure efficiency and cost optimization and enhance innovation and design capabilities.

Pricol Rights Issue Detail

Issue Open December 3, 2020 - December 17, 2020
Security Name Pricol Limited
Issue Size (Shares) 27,084,777
Issue Size (Amount) ₹81.25 Crores
Issue Price ₹30 per share
Face Value ₹1 per share
Listing At
Terms of Payment The full amount of Rs 30 per Rights Equity Share is payable on Application.
Entitlement 2 Rights Equity Share for every 7 Equity Shares held on the Record Date

Pricol Rights Issue Issue Timetable

Record Date November 25, 2020
Credit of Rights Entitlements
Bid/Offer Opens On December 3, 2020
Renunciation of Rights Entitlements
Bid/Offer Closes On December 17, 2020
Deemed Date of Allotment December 29, 2020
Credit Date December 31, 2020
Listing Date January 1, 2021

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs in Million)
30-Sep-20 31-Mar-20
Total Assets 12,467.24 13,299.06
Total Revenue 5,110.47 12,572.49
Profit After Tax 186.66 (987.54)

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized: 1. To meet the working capital requirements of the Company; and 2. General corporate purposes.

Pricol Rights Issue Documents

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Company Contact Information

Pricol Limited
109, Race Course
Coimbatore, Tamil Nadu - 641 018, India

Phone: +91 (422) 4336000

Pricol Rights Issue Registrar

Pricol Rights Issue Lead Manager(s)

Pricol Rights Issue FAQs

The Pricol Rights Issue opens on December 3, 2020, and closes on December 17, 2020.

Pricol Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateDecember 3, 2020
Issue Closing DateDecember 17, 2020
Date of Allotment (on or about)December 29, 2020
Date of Credit (on or about)December 31, 2020
Date of Listing (on or about)January 1, 2021

Pricol Rights Issue price is set at ₹30 per share per equity share.

The eligible shareholders are being offered 2 Rights Equity Share for every 7 Equity Shares held on the Record Date (November 25, 2020).

The record date for the Pricol Rights Issue is November 25, 2020.

The issue size of Pricol Rights Issue is of 27,084,777 equity shares at ₹30 per share aggregating upto ₹81.25 Crores.

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

You can apply for Pricol Rights Issue in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Pricol 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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