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Til Ltd. Rights Issue (TIL Rights Issue 2024) Detail

April 26, 2024 - May 10, 2024
Til Ltd. Logo

Established in 1944, TIL Limited designs, manufactures and distributes a comprehensive range of material handling and port equipments.

The company has two factories in Eastern India, a mobile crane manufacturing facility in Kamarhatty, Kolkata and an ERP enabled factory in Kharagpur. Both factories are certified according to the international standards for quality management systems ISO 9001:2015 and DIN EN ISO 3834-2.

The company's product list includes Rough Terrain Cranes, Truck Cranes, Pick and Carry Cranes, Manitowoc Crawler Cranes, Grove Cranes, Reach Stackers, and Forklift Trucks.

TIL is headquartered in Kolkata, with regional offices in major cities across India.

TIL Rights Issue 2024 Detail

Issue Open April 26, 2024 - May 10, 2024
Security Name Til Ltd.
Issue Size (Shares) 49,075,199
Issue Size (Amount) ₹49.08 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The full amount of the Issue Price being ₹ 10 will be payable on application.

Entitlement 28 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

TIL Rights Issue 2024 Issue Timetable

Last Date to buy sharesMarch 21, 2024
Record Date March 22, 2024
Credit of Rights Entitlements
Bid/Offer Opens On April 26, 2024
Renunciation of Rights Entitlements May 6, 2024
Bid/Offer Closes On May 10, 2024
Deemed Date of Allotment May 20, 2024
Credit Date May 22, 2024
Listing Date May 24, 2024

Company Financials

Til Ltd. Financial Information (Restated Consolidated)

Til Ltd.'s revenue decreased by -58.66% and profit after tax (PAT) rose by 35.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets341.81354.12381.23497.32
Revenue214.8650.53122.24322.75
Profit After Tax93.24-95.54-147.93-150.64
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the gross proceeds raised through the Issue for the following objects:

  1. Funding incremental working capital requirements of the Company;
  2. General corporate purposes

TIL Rights Issue 2024 Subscription Status

TIL Rights Issue 2024 is subscribed 0.07 times as on April 26, 2024 5:00:00 PM. The total bid quantity received by BSE, NSE is 3,607,789 shares.

TIL Rights Issue 2024 Documents

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Company Contact Information

Til Ltd.
1 Taratolla Road,
Garden Reach,
Kolkata - 700024

Phone: +91 33 6633 2000
Email: secretarial.department@tilindia.com
Website: https://www.tilindia.in/

TIL Rights Issue 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: til.rights@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

TIL Rights Issue 2024 Lead Manager(s)

TIL Rights Issue 2024 FAQs

The TIL Rights Issue 2024 opens on April 26, 2024, and closes on May 10, 2024.

TIL Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMay 6, 2024
Issue Opening DateApril 26, 2024
Issue Closing DateMay 10, 2024
Date of Allotment (on or about)May 20, 2024
Date of Credit (on or about)May 22, 2024
Date of Listing (on or about)May 24, 2024

TIL Rights Issue 2024 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 28 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (March 22, 2024).

The record date for the TIL Rights Issue 2024 is March 22, 2024.

The issue size of TIL Rights Issue 2024 is of 49,075,199 equity shares at ₹10 per share aggregating upto ₹49.08 Crores.

The Letter of Offer for TIL Rights Issue 2024 can be download here.

You can apply for TIL Rights Issue 2024 in two ways:

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

Steps to apply for TIL Rights Issue 2024 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 TIL Rights Issue 2024 available on the list.
  4. Click the Apply button next to the TIL Rights Issue 2024.
  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 TIL Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select TIL Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Murthy   I Like It. |Report Abuse|  Link|April 3, 2024 12:37:01 PMReply
https://www.bseindia.com/corporates/download/3151/Rights/LOF%20Final_20240229155727.pdf

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