₹448.43 Crores | Listing at BSE | Wed, Jun 21, 2023 - Wed, Jul 5, 2023
Udaipur Cement Works Limited Rights Issue comprises 24.91 Cr equity shares aggregating to ₹448.43 Cr, offered at an issue price of ₹18 per share with a face value of ₹4 per share.
The record date for determining eligible shareholder is Jun 14, 2023, with the Rights Issue being offered in the entitlement ratio of 4 : 5.
The term of payment is defined as following : The full amount is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jul 13, 2023.
The Rights Issue opens on Jun 21, 2023, and closes on Jul 5, 2023, with renunciation of Rights Entitlements permitted up to Jun 30, 2023.
The deemed date of allotment is Jul 13, 2023, following which the equity shares are expected to be credited to demat accounts on Jul 14, 2023 and listed at the BSE on Jul 17, 2023.
JM Financial Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Udaipur Cement Works Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Jun 14, 2023
Entitlement Ratio
4 : 5
Open Date
Wed, Jun 21, 2023
Close Date
Wed, Jul 5, 2023
The full amount is payable on application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-22 | 1,428.62 | 881.10 | 48.66 | 171.72 |
| 31-Mar-23 | 1,795.34 | 1,032.26 | 35.86 | 223.73 |
| Amount in ₹ Crore | ||||
Udaipur Cement Works Limited, a subsidiary company of JK Lakshmi Cement Limited, is engaged in the business of manufacturing cement and clinker.
The company's manufacturing plant is located in Udaipur, Rajasthan. The manufacturing unit has an installed manufacturing capacity of 1.50 million tonnes per annum ("MTPA") of clinker and 2.20 MTPA of cement grinding. During the Financial Years ended March 31, 2023, and March 31, 2022, the company manufactured an aggregate quantity of 1.469 MTPA and 1.305 MTPA of cement respectively.
Udaipur Cement Works Limited manufactures two types of cement:
The company supplies cement through a network of dealers to its retail customers. It also directly market and sell cement to institutional and bulk customers from the dumps.
As of March 31, 2023, the company has over 56 dumps and 453 dealers, through which they market and sell cement primarily in the Indian states of Rajasthan, Gujarat, and Madhya Pradesh.
The company intends to utilize the net proceeds from the issue to partially finance the expansion and development of the Udaipur Manufacturing Plant.
[Dilip Davda] The company is from the JK group and is promoted by JK Lakshmi Cement. It has been trading well above the RI price on the bourses. However, its lower margins for FY23 raise concern. Investors may consider parking funds for medium to long-term rewards. Read detail review...
Udaipur Cement Works Limited
Shripati Nagar, CFA,
P.O. Dabok,
Udaipur 313 022
Udaipur, Rajasthan, 313022
The Udaipur Cement Works Rights Issue 2023 opens on Wed, Jun 21, 2023, and closes on Wed, Jul 5, 2023.
Udaipur Cement Works Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Tue, Jun 20, 2023 |
| Last Date for renunciation of Rights Entitlements | Fri, Jun 30, 2023 |
| Issue Opening Date | Wed, Jun 21, 2023 |
| Issue Closing Date | Wed, Jul 5, 2023 |
| Date of Allotment (on or about) | Thu, Jul 13, 2023 |
| Date of Credit (on or about) | Fri, Jul 14, 2023 |
| Date of Listing (on or about) | Mon, Jul 17, 2023 |
You can apply for Udaipur Cement Works Rights Issue 2023 in two ways:
Steps to apply for Udaipur Cement Works Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Udaipur Cement Works Rights Issue 2023 using Registrar's website (R-WAP)
