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KDDL Ltd Rights Issue

Right Issue Status: Closed [9th Apr 2021 to 7th May 2021]

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KDDL Ltd Right Issue Detail

KDDL Ltd Right Issue Objective

KDDL Limited will utilize the net proceeds from the right issue for the following purposes:

  • To invest in the material subsidiary (known as Ethos Limited) for funding its working capital requirements.
  • To meet general corporate purposes.

KDDL Ltd Right Issue Details

KDDL Ltd Issue Details Values
Category RightIssue
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 per share
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
BSE Code
NSE Code

KDDL Ltd Right Issue Dates

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.

KDDL Ltd Right Issue important dates
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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  • About Company - KDDL Ltd

    About KDDL Ltd Right Issue

    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.

    About the Company - KDDL Limited

    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 Ltd Right Issue Strengths

    • Experience of over three decades in the watch industry.
    • Strategically located watch stores all over the country.
    • Team of qualified and experienced management and employees.

    KDDL Ltd Financials

    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

    Company Address

    KDDL Limited
    Plot No. 3, Sector III
    Parwanoo,Himachal Pradesh-173 220
    Phone: +911792 232462
    Email: [email protected]


    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Phone: +91-22-4918 6270

    Lead Manager

    1. ICICI Securities Limited
    2. Citigroup Global Markets India Private Limited

    KDDL Ltd Right Issue Offer Document (Letter of Offer) >>Document

    KDDL Ltd Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

    KDDL Ltd Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for KDDL Ltd? Should I apply in KDDL Ltd Right Issue?

    Last Updated on 2021-09-27T10:43:53+00:00

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