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Right Issue Status: Closed [3rd Dec 2020 to 17th Dec 2020]
The net proceed from the Pricol Ltd right issue will be used for following objectives;
| Pricol Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 2,70,84,777 |
| Right Issue Issue Size (Amount) | ₹8,125.43 Lakh |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹30 per share |
| 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 |
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.
| 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
Zerodha Trade@20
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.
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.
Past performance and financial results of Pricol.
| 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 |
The table below is live update of Right Issue bidding details from NSE and BSE.
Pricol Right Issue Offer Document (Letter of Offer) >>Document
Pricol Right Issue Offer Document (Letter of Offer) >>Pricol Right Issue Red Herring Prospectus is not yet available.
Pricol Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Pricol Right Issue Online Application (Registrar & Transfer Agent) >>Pricol Right Issue RTA information is not yet available.
Last Updated on 2021-04-13T01:13:16+00:00
