Pricol Limited Right Issue Review

Right Issue Status: Closed [3rd Dec 2020 to 17th Dec 2020]

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Pricol Ltd Right Issue 2020

Pricol Ltd issue of 2,70,84,777 shares at Rs. 30 each, aggregating to Rs. 8,125.43 Lakhs opens on 3rd December 2020 and will be close on 17th December. The record date of the issue is 25th November 2020. The face value of Pricol Ltd’s share is Rs. 1 and the right issue price is priced at a premium of Rs. 29 means will be issued at Rs. 30 per equity share. Company will issue 2 rights equity share for every 7 fully paid-up equity shares held by the eligible shareholders as on the record date i.e. 25 November 2020. Stay updated here with the complete Pricol Ltd Right Issue Review including open and close dates, right issue size, record date, allotment, and more.

About the company - Pricol Ltd

Pricol Ltd is a leading automotive component manufacturing company in India. The company is primarily engaged in manufacturing various electronic and mechanical automotive products. Pricol Ltd’s product portfolio includes a variety of products i.e. driver information system, Pumps and mechanical products, and switches and sensors. As per CARE report, its market share for a driver information system for two-wheelers is 38.50%, oil pumps for 2-wheelers is 37.90%, and market share for fuel sensor for two-wheelers is 25.90%.

It also manufactures wiper set and wiper motors through its subsidiary Pricol Wiping Systems India Limited. The firm has 7 manufacturing units across 5 states and 2 manufacturing facilities owned by subsidiary firms; Pricol Surya Indonesia and PT Sripri Wiring Systems. The manufacturing units are embedded with a stringent quality control mechanism to ensure high-quality product delivery exactly to customers’ preferences. Pricol Ltd also has two R&D centers in Coimbatore.

Pricol Right Issue Objective

The net proceed from the Pricol Ltd right issue will be used for following objectives;

  • To meet the working capital requirements of the business.
  • To meet general corporate purposes.

Pricol Right Issue Details

Pricol Right Issue details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

Pricol Right Issue Details
Pricol Issue Details Values
Category RightIssue
Right Issue Issue Size(Shares) 2,70,84,777 Eq Shares
Right Issue Issue Size(Amount) ₹8,125.43 Lakh
Face Value ₹1 Per Equity Share
Right Issue Issue Price ₹30
Right Issue Record Date 25th Nov 2020
Right Issue Entitlement 2 Rights Equity share for every 7 equity shares held on the Record date
Right Issue Terms of payment The full amount of ₹ 30 per Rights Equity Share is payable on Application.
Listing At BSE, NSE
BSE Code
NSE Code

Pricol Financials

Past performance and financial results of Pricol.

Pricol financial
Pricol Ltd Financials 30-Sep-2020 31-Mar-2020
Total Assets ₹1,24,672.43 Lakh ₹1,32,990.64 Lakh
Total Income ₹39104.41 Lakh ₹125724.91 Lakh
Net Profit/Loss ₹4951.62 Lakh ₹(9875.43) Lakh

Pricol Right Issue Strengths

  • Diversified product portfolio.
  • Strategically located manufacturing unit.
  • Sound customer relationship.
  • Good technological capacity.
  • Experienced managerial team.

Pricol Right Issue Threats/Weaknesses

  • Adverse impact of COVID-19 pandemic on business revenue.
  • Inability to upgrade manufacturing facility and technology.
  • Revenue concentration on a limited number of customers.
  • Fierce level of competition in the automotive component industry.

Pricol Right Issue Important Dates

In this section we have covered all important dates related to Pricol 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.

Pricol Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 3rd Dec 2020
Right Issue Issue Close Date 17th Dec 2020
Basis of Allotment Finalisation Date* 28th Dec 2020
Refunds Initiation* 29th Dec 2020
Credit of Shares to Demat Account* 31st Dec 2020
Right Issue Listing Date* 1st Jan 2020

* - Tentative Dates

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@
  NRI Form ⇒

Pricol Right Issue Offer Document (Letter of Offer) >>Document

Pricol Right Issue Online Application (Registrar & Transfer Agent) >>Pricol Right Issue RTA information is not yet available.

Company Address

Pricol Limited
109, Race Course,
Coimbatore, Tamil Nadu -641018, India
Website: http://www.pricol.com/
Email: [email protected]
Phone: +91 (422) 4336000

Registrar

Integrated Registry Management Services Private Limited
11 Floor, Kences Towers,
No.1 Ramakrishna Street, North Usman Road,
T Nagar, Chennai Tamil Nadu 600 017, India
E-mail id:[email protected]

Lead Manager

  1. Centrum Capital Limited
Pricol 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 Pricol? Should I apply in Pricol Right Issue?

Last Updated on 2020-11-29T21:23:07+00:00

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User Comments

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5. Shivdayal  11/28/2020 10:39:06 AM Reply
Pricol limited RightIssue expected listing gain.
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4. piyush  11/28/2020 10:39:06 AM Reply
Please confirm Pricol limited RightIssue GMP (grey market premium) and kostak.
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3. Rashmi Ramachandran   11/28/2020 10:39:06 AM Reply
Pricol limited RightIssue good or bad.
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2. Rashmi Ramachandran   11/28/2020 10:39:06 AM Reply
Pricol limited RightIssue whether to invest or not.
avatar
1. Chunni mandal  11/28/2020 10:39:06 AM Reply
Pricol limited RightIssue - CRISIL Rating, Apply or not?.

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