₹10.20 Crores | Listing at BSE | Thu, May 12, 2022 - Thu, May 26, 2022
TCM Limited Rights Issue comprises 0.4079 Cr equity shares aggregating to ₹10.20 Cr, offered at an issue price of ₹25 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 27, 2022.
As per the terms of payment, ₹25 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 4, 2022.
The Rights Issue opens on May 12, 2022, and closes on May 26, 2022, with renunciation of Rights Entitlements permitted up to May 19, 2022.
The deemed date of allotment is Jun 6, 2022, following which the equity shares are expected to be credited to demat accounts on Jun 7, 2022 and listed on the BSE on Jun 8, 2022.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the TCM Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Apr 27, 2022
Entitlement Ratio
:
Open Date
Thu, May 12, 2022
Close Date
Thu, May 26, 2022
| Particulars | For the year/period ended (Rs.in Lakhs) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 6,850.50 | 6,543.58 | |
| Total Income | 548.45 | 206.88 | |
| Profit After Tax | 98.24 | 38.87 | |
Incorporated in 1943, TCM Limited is engaged in the business of manufacturing chemicals including Organic and Inorganic chemicals, Fungicides, Herbicides, Barium and Strontium salts, Strontium Nitrite, Sodium Sulfide and various other derivatives. TCM Limited was formerly known as Travancore Chemical Manufacturing Company Ltd.
TCM has diversified its operation into Renewable Energy, Aquaculture, Plantation, Food Processing, Import and Export, and International Trading. The company has a presence in more than 52 countries with a wide network of more than 1200 dedicated people.
The objects of the Issue are:
1. Repayment of Unsecured Loans availed from the Promoters.
2. Working Capital requirements.
3. General Corporate Purposes.
[Dilip Davda] The company has restarted its operations recently with varied activities. However, considering the loss of 9M of FY22 and poor financial track records so far, there is no harm in skipping this highly-priced RI with a negative P/E. Read detail review...
TCM Limited
House No. 28/2917, 'Aiswarya',
Ponneth Temple Road, Shanthi Nagar,
Kadavanthra, Cochin - 682 020,
Kochi, Kerala, 682020
The TCM Limited Rights Issue 2022 opens on Thu, May 12, 2022, and closes on Thu, May 26, 2022.
TCM Limited Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Wed, May 4, 2022 |
| Last Date for renunciation of Rights Entitlements | Thu, May 19, 2022 |
| Issue Opening Date | Thu, May 12, 2022 |
| Issue Closing Date | Thu, May 26, 2022 |
| Date of Allotment (on or about) | Mon, Jun 6, 2022 |
| Date of Credit (on or about) | Tue, Jun 7, 2022 |
| Date of Listing (on or about) | Wed, Jun 8, 2022 |
You can apply for TCM Limited Rights Issue 2022 in two ways:
Steps to apply for TCM Limited Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for TCM Limited Rights Issue 2022 using Registrar's website (R-WAP)
