Right Issue Status: Closed [9th Apr 2021 to 7th May 2021]
KDDL Limited (Kamla Dials and Devices Limited), an Indian watch manufacturing company, is preparing for the Rights Issue of 10,86,956 shares at Rs 230 per share (including face value of Rs 10 and premium of Rs 220 per share). The KDDL Limited Rights Issue will begin on 9th April and concludes on 23rd April 2021. The company will issue 7 right issues for every 75 fully paid-up shares held on or before the record date, 31st March 2021. Scroll the page to know more about KDDL Limited Right Issue, including business overview, financials, strengths, risks, tentative timeline, and more.
KDDL Limited is mainly into the manufacturing of watch components and precision engineering products. Their expertise is in manufacturing watch components, i.e., watch dials and watch hands, over three decades and is one of India’s leading watch components manufacturers for others. The watch components are manufactured across different states of India, such as Parwanoo, Himachal Pradesh Derabassi Punjab, and Bengaluru, Karnataka. KDDL Ltd has its presence outside of India's boundary because it has acquired Estima AG, an established maker of watch hands in Switzerland, to establish itself in the European market.
Their presence is also in other industries like automobile, electrical and electronics, consumer durables, industrial engineering, instrumentation, aerospace, and defense industry through precision engineering product manufactured at our precision stamping division facility in Bengaluru, Karnataka and supplies critical products like electrical connectors and terminals, component of relays for aerospace application, electrical switch gears, cell phone chargers, battery and components for the automobile sector, etc.
KDDL Limited will utilize the net proceeds from the right issue for the following purposes:
KDDL Ltd Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|KDDL Ltd Issue Details||Values|
|Right Issue Issue Size(Shares)||10,86,956 Eq Shares|
|Right Issue Issue Size(Amount)||₹2,500 Lakh|
|Face Value||₹10 Per Equity Share|
|Right Issue Issue Price||₹230|
|Right Issue Record Date||31st Mar 2021|
|Right Issue Entitlement||7 Rights equity shares for every 75 fully paid-up equity shares.|
|Right Issue Terms of payment||Full amount of Rs. 230 is payable on application.|
|Listing At||BSE, NSE|
Past performance and financial results of KDDL Ltd.
|KDDL Limited Financials||31-Mar-2020||31-Mar-2019|
|Total Assets||₹65,719.80 Lakh||₹51,886.79 Lakh|
|Total Income||₹65,834.68 Lakh||₹62,796.71 Lakh|
|Net Profit/Loss||₹(196.57) Lakh||₹2,517.47 Lakh|
In this section we have covered all important dates related to KDDL Ltd Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
|Right Issue Activity||Date|
|Right Issue Issue Open Date||9th Apr 2021|
|Right Issue Issue Close Date||7th May 2021|
|Basis of Allotment Finalisation Date*||4th May 2021|
|Refunds Initiation*||4th May 2021|
|Credit of Shares to Demat Account*||5th May 2021|
|Right Issue Listing Date*||7th May 2021|
* - Tentative Dates
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KDDL Ltd Right Issue Offer Document (Letter of Offer) >>Document
KDDL Ltd Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Last Updated on 2021-06-21T16:16:01+00:00