₹349.86 Crores | Listing at BSE | Mon, Mar 10, 2025 - Wed, Mar 19, 2025
Welspun Specialty Solutions Ltd Rights Issue comprises 13.25 Cr equity shares aggregating to ₹349.86 Cr, offered at an issue price of ₹26.4 per share with a face value of ₹6 per share.
The record date for determining eligible shareholder is Mar 1, 2025, with the Rights Issue being offered in the entitlement ratio of 1 : 4.
The term of payment is defined as following : All money payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 25, 2025.
The Rights Issue opens on Mar 10, 2025, and closes on Mar 19, 2025, with renunciation of Rights Entitlements permitted up to Mar 13, 2025.
The deemed date of allotment is Mar 25, 2025, following which the equity shares are expected to be credited to demat accounts on Mar 26, 2025 and listed at the BSE on Mar 28, 2025.
Systematix Corporate Services Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Welspun Specialty Solutions Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Mar 1, 2025
Entitlement Ratio
1 : 4
Open Date
Mon, Mar 10, 2025
Close Date
Wed, Mar 19, 2025
All money payable at the time of Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 587.18 | 476.76 | 372.45 |
| Revenue | 718.17 | 432.59 | 432.59 |
| Profit After Tax | 62.47 | -13.74 | -32.44 |
| Total Borrowing | 122.32 | 218.59 | |
| Amount in ₹ Crore | |||
Welspun Specialty Solutions Limited (WSSL) specialises in the manufacturing of alloy, special, and stainless steel products, including seamless pipes and tubes, primarily used in industries like automotive, energy, defence, aerospace, and nuclear power it is a fully integrated producer of stainless steel pipes and tubes, meaning they handle the entire process from steel making to finished products.
The company's product includes Alloy steel, stainless steel, special steel, billets, blooms, ingots, rolled bars, bright bars, seamless pipes, and tubes.
WSSL, an ISO accredited company, has its Alloy/Special & Stainless steel plant in Bharuch, Gujarat, producing 150,000 MT annually. They manufacture various alloy steel grades using the electric arc furnace and ladle refining furnace VD route, which has a heat size of 35 tons.
The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
[Dilip Davda] WSSL is engaged in the manufacturing and marketing of superior alloy and stainless-steel products used by variety of industries globally. The company has reported growth in its top lines for the reported periods, but its bottom line posted inconsistency. Based on the recent set of financial performance, the issue appears aggressively priced. Well-informed investors may park moderate fund in this Welspun Group’s pricey bet for long term. Read detail review...
Welspun Specialty Solutions Rights Issue 2025 got oversubscribed by 1.03 times by the end of the bidding period with total bid quantity received by BSE of 13,70,49,980 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Mar 19 2025 17:00:00 | 13,70,49,980 | 1.03x |
Welspun Specialty Solutions Ltd
Welspun House, 5th Floor, Kamala Mills
Compound, Senapati Bapat Marg
Lower Parel (W), Mumbai 400013
Mumbai, Maharashtra, 400013
The Welspun Specialty Solutions Rights Issue 2025 opens on Mon, Mar 10, 2025, and closes on Wed, Mar 19, 2025.
Welspun Specialty Solutions Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Thu, Mar 6, 2025 |
| Last Date for renunciation of Rights Entitlements | Thu, Mar 13, 2025 |
| Issue Opening Date | Mon, Mar 10, 2025 |
| Issue Closing Date | Wed, Mar 19, 2025 |
| Date of Allotment (on or about) | Tue, Mar 25, 2025 |
| Date of Credit (on or about) | Wed, Mar 26, 2025 |
| Date of Listing (on or about) | Fri, Mar 28, 2025 |
You can apply for Welspun Specialty Solutions Rights Issue 2025 in two ways:
Steps to apply for Welspun Specialty Solutions Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Welspun Specialty Solutions Rights Issue 2025 using Registrar's website (R-WAP)
