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Udaipur Cement Works Limited Rights Issue (Udaipur Cement Works Rights Issue 2023) Detail

June 21, 2023 - July 5, 2023
Udaipur Cement Works Limited Logo

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:

  1. OPC, which is marketed and sold under the brand 'Platinum Heavy Duty Cement', and
  2. PPC, the company's premium cement, is also marketed and sold under the brand 'Platinum Heavy Duty 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.

Udaipur Cement Works Rights Issue 2023 Detail

Issue Open June 21, 2023 - July 5, 2023
Security Name Udaipur Cement Works Limited
Issue Size (Shares) 249,127,853
Issue Size (Amount) ₹448.43 Crores
Issue Price ₹18 per share
Face Value ₹4 per share
Listing At BSE
Terms of Payment

The full amount is payable on application.

Entitlement 4 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Udaipur Cement Works Rights Issue 2023 Issue Timetable

Last Date to buy sharesJune 13, 2023
Record Date June 14, 2023
Credit of Rights Entitlements June 20, 2023
Bid/Offer Opens On June 21, 2023
Renunciation of Rights Entitlements June 30, 2023
Bid/Offer Closes On July 5, 2023
Deemed Date of Allotment July 13, 2023
Credit Date July 14, 2023
Listing Date July 17, 2023

Company Financials

Udaipur Cement Works Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-221,428.62881.1048.66171.72
31-Mar-231,795.341,032.2635.86223.73
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the net proceeds from the issue to partially finance the expansion and development of the Udaipur Manufacturing Plant.

Udaipur Cement Works Rights Issue 2023 Documents

Udaipur Cement Works Rights Issue 2023 Rating

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Udaipur Cement Works Rights Issue 2023 Reviews

Company Contact Information

Udaipur Cement Works Limited
Shripati Nagar, CFA,
P.O. Dabok,
Udaipur 313 022

Phone: +91 294 265 5076
Email: ucwl.investors@jkmail.com
Website: http://www.udaipurcement.com

Udaipur Cement Works Rights Issue 2023 Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: udaipur.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Udaipur Cement Works Rights Issue 2023 Lead Manager(s)

Udaipur Cement Works Rights Issue 2023 FAQs

The Udaipur Cement Works Rights Issue 2023 opens on June 21, 2023, and closes on July 5, 2023.

Udaipur Cement Works Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsJune 20, 2023
Last Date for renunciation of Rights EntitlementsJune 30, 2023
Issue Opening DateJune 21, 2023
Issue Closing DateJuly 5, 2023
Date of Allotment (on or about)July 13, 2023
Date of Credit (on or about)July 14, 2023
Date of Listing (on or about)July 17, 2023

Udaipur Cement Works Rights Issue 2023 price is set at ₹18 per share per equity share.

The eligible shareholders are being offered 4 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (June 14, 2023).

The record date for the Udaipur Cement Works Rights Issue 2023 is June 14, 2023.

The issue size of Udaipur Cement Works Rights Issue 2023 is of 249,127,853 equity shares at ₹18 per share aggregating upto ₹448.43 Crores.

The Letter of Offer for Udaipur Cement Works Rights Issue 2023 can be download here.

You can apply for Udaipur Cement Works Rights Issue 2023 in two ways:

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

Steps to apply for Udaipur Cement Works Rights Issue 2023 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 Udaipur Cement Works Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Udaipur Cement Works Rights Issue 2023.
  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 Udaipur Cement Works Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Udaipur Cement Works Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

5 Comments

5. Rajesh Dixit     Link|August 5, 2023 1:58:03 PM
I hv applied for 800 right shares through ASBA. No share has been credit so for into my account. I have sent Mail to both UCWL and RTA but received no reply so for. My PAN No. ACJPD4022 A.
4. Rajesh Dixit     Link|August 5, 2023 1:51:01 PM
I have applied for 800 shares in right offer through ASBA against holding of 1000 shares originally held. Not a single share credited into my account till date although credit date was 14 Jul. My PAN No. is ACJPD4022A,
3. nidhi     Link|July 4, 2023 10:01:32 AM
how can i apply for right share
2. Sajid     Link|July 3, 2023 5:59:46 PM
How. I apply online through ASBA.i hv 1000 share.
1. RR     Link|June 22, 2023 9:28:09 PM
What will be the entitlement ratio? 4:5 or can it be more?
Please guide.
Thanks.

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