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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.
| 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 |
| 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 |
| Renunciation of Rights Entitlements |
| 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) | |
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.
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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/
Integrated Registry Management Services Private Limited
Phone: + 91 44 2814 0801 to 803
Email: pricol@integratedindia.in
Website: http://www.integratedindia.in/
The Pricol Rights Issue opens on Dec 3, 2020, and closes on Dec 17, 2020.
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 |
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 (Nov 25, 2020).
The record date for the Pricol Rights Issue is Nov 25, 2020.
The issue size of Pricol Rights Issue is of 2.71 Crores 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:
Steps to apply for Pricol 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 Pricol Rights Issue using Registrar's website (R-WAP)
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
