Pricol Limited Rights Issue (Pricol Rights Issue) Detail

Dec 3, 2020 - Dec 17, 2020

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	Dec 3, 2020 - Dec 17, 2020
Security Name	Pricol Limited
Issue Size (Shares)	2.71 Crores
Issue Size (Amount)	₹81.25 Crores
Issue Price	₹30 per share
Face Value	₹1 per share
Minimum Lot size
Market Lot	1 per share
Listing At
Terms of Payment	The full amount of ?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

Bid/Offer Opens On	Dec 3, 2020
Bid/Offer Closes On	Dec 17, 2020
Record Date	Nov 25, 2020
Deemed Date of Allotment	Dec 29, 2020

Company Financials

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

Letter Of Offer

Pricol Rights Issue Rating

3.8

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Company Contact Information

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

Phone: +91 (422) 4336000
Email: cs@pricol.co.in/investor@pricol.co.in
Website: https://www.pricol.com/

Pricol Rights Issue Registrar

Integrated Registry Management Services Private Limited
   2 nd Floor,
   Ramakrishna Street, North Usman Road,
   T. Nagar, Chennai - 600 017

Phone: + 91 44 2814 0801 to 803
Email: pricol@integratedindia.in
Website: http://www.integratedindia.in/

Pricol Rights Issue Lead Manager(s)

Centrum Capital Limited

Lead Manager Reports

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Pricol Rights Issue FAQs

When is Pricol Rights Issue coming?

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

What is the schedule for Pricol Rights Issue?

Pricol Rights Issue Schedule

Last Date for credit of Rights Entitlements	[.]
Last Date for renunciation of Rights Entitlements	[.]
Issue Opening Date	Dec 3, 2020
Issue Closing Date	Dec 17, 2020
Date of Allotment (on or about)	Dec 29, 2020
Date of Credit (on or about)	Dec 31, 2020
Date of Listing (on or about)	Jan 1, 2021

What is the issue price for Pricol Rights Issue?
Pricol Rights Issue price is set at ₹30 per share per equity share.
In what ratio is the Pricol Rights Issue offered?
The eligible shareholders are being offered 2 Rights Equity Share for every 7 Equity Shares held on the Record Date (Nov 25, 2020).
What is the record date for Pricol Rights Issue?
The record date for the Pricol Rights Issue is Nov 25, 2020.
What is the issue size of Pricol Rights Issue?
The issue size of Pricol Rights Issue is of 2.71 Crores equity shares at ₹30 per share aggregating upto ₹81.25 Crores.
Where can I get the Letter of Offer for Pricol Rights Issue?
The Letter of Offer for Pricol Rights Issue can be download here.
How to apply for Pricol Rights Issue?
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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