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Right Issue Status: Closed [10th Jan 2024 to 29th Jan 2024]
Latim Metal and Industries Limited offers Right Issue size of 44,157,150 equity shares worth of Rs 37.53 Cr. The subscription for this Rights Issue is opening from 10 Jan 2024 to 29 Jan 2024. The company issues 01 Rights equity shares for every fully paid-up 02 equity shares held on the record date of 02 Jan 2024. The face value of a share is Rs 1 per share and the right issue price is fixed at Rs. 8.5 per share.
Stay connected with us to more about Latim Metal and Industries Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company proposes to utilize the Net Proceeds towards the following objects:
| Latim Metal And Industries Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 4.42 Cr Shares |
| Right Issue Issue Size (Amount) | ₹37.53 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹8.5 per share |
| Right Issue Record Date | 2nd Jan 2024 |
| Right Issue Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The amount of Rs. 4.25 per Rights Equity Share (including premium of Rs. 3.25) is to be paid on the Application. The balance of Rs 4.25 is to be paid on call as determined by the Board. |
| Listing At | BSE |
| BSE Code | 505693 |
| NSE Code |
In this section we have covered all important dates related to Latim Metal And Industries 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 | 10th Jan 2024 |
| Right Issue Issue Close Date | 29th Jan 2024 |
| Basis of Allotment Finalisation Date* | 6th Feb 2024 |
| Refunds Initiation* | 23rd Jan 2024 |
| Credit of Shares to Demat Account* | 7th Feb 2024 |
| Right Issue Listing Date* | 12th Feb 2024 |
* - Tentative Dates
Zerodha Trade@20
Latim Metal and Industries Limited was founded in January 1975. The company is primarily engaged in the trading of color coated coils and profiled sheets. Latim Metal and Industries Limited was established with a vision to establish itself as a leading trader of metals etc. in India. Their expertise lies in providing end-to-end solutions that include manufacturing products to the required specifications for their customers.
The right product for the right need at the right price, i.e. they are not just a pure product supplier but go to great lengths to understand the customer's need and find the right product at the right price. This has led to close relationships with key customers in India.
Having worked on numerous projects, Latim has acquired unrivaled business and technological expertise. They have built an extensive knowledge base which they use to deliver solutions that meet customers' needs, expectations and budgets. They implement the best industry standards.
Past performance and financial results of Latim Metal And Industries .
Latim Metal And Industries Limited's revenue decreased by -52.03% and profit after tax (PAT) dropped by -141.7% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 110.09 | 159.23 |
| Revenue | 273.32 | 569.76 |
| Profit After Tax | -7.50 | 17.98 |
| Net Worth | 27.71 | 35.18 |
| Reserves and Surplus | 18.88 | 26.35 |
| Total Borrowing | 46.54 | 40.32 |
| Amount in ₹ Crore | ||
The table below is live update of Right Issue bidding details from NSE and BSE.
Latim Metal And Industries Right Issue Offer Document (Letter of Offer) >>Document
Latim Metal And Industries Right Issue Offer Document (Letter of Offer) >>Latim Metal And Industries Right Issue Red Herring Prospectus is not yet available.
Latim Metal And Industries Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Latim Metal And Industries Right Issue Online Application (Registrar & Transfer Agent) >>Latim Metal And Industries Right Issue RTA information is not yet available.
Last Updated on 2024-02-01T04:32:59+00:00
