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Right Issue Status: Open [26th Apr 2024 to 10th May 2024]
Til Limited is offering a rights issue of Rs 49.50 Cr to be listed on the BSE and NSE platform. The subscription for this Rights Issue is opening soon. The record date 15 Mar 2024.
Stay connected with us to more about Til Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The company intends to utilize the gross proceeds raised through the Issue for the following objects:
| TIL Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 4.91 Cr Shares |
| Right Issue Issue Size (Amount) | ₹49.08 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹10 per share |
| Right Issue Record Date | 22nd Mar 2024 |
| Right Issue Entitlement | 28 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The full amount of the Issue Price being ₹ 10 will be payable on application. |
| Listing At | BSE, NSE |
| BSE Code | 505196 |
| NSE Code | TIL |
In this section we have covered all important dates related to TIL 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 | 26th Apr 2024 |
| Right Issue Issue Close Date | 10th May 2024 |
| Basis of Allotment Finalisation Date* | 20th May 2024 |
| Refunds Initiation* | 6th May 2024 |
| Credit of Shares to Demat Account* | 22nd May 2024 |
| Right Issue Listing Date* | 24th May 2024 |
* - Tentative Dates
Zerodha Trade@20
Til Limited was founded in May 1974. The company is a leading supplier of a wide range of infrastructure equipment that is at the forefront of technology worldwide. We design, manufacture and market a comprehensive range of material handling and port equipment specifically tailored for the Indian market. These products are backed by seamless after sales service.
TIL has earned a reputation as a market leader in mobile cranes and reach stackers, with our offerings known for their unwavering reliability, productivity and efficiency. The company values of integrity, transparency, accountability, leadership, teamwork, knowledge and customer focus serve as guiding principles that shape and govern our day-to-day operations.
Our head office is located in Kolkata, but we also have regional offices in major cities across India to ensure a comprehensive presence. The company operates two factories in eastern India, including a state-of-the-art, purpose-built mobile crane manufacturing facility in Kamarhatty, Kolkata - the only one of its kind in the country.
Past performance and financial results of TIL .
Til Ltd.'s revenue decreased by -58.66% and profit after tax (PAT) rose by 35.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 341.81 | 354.12 | 381.23 | 497.32 |
| Revenue | 214.86 | 50.53 | 122.24 | 322.75 |
| Profit After Tax | 93.24 | -95.54 | -147.93 | -150.64 |
| Amount in ₹ Crore | ||||
The table below is live update of Right Issue bidding details from NSE and BSE.
TIL Right Issue Offer Document (Letter of Offer) >>Document
TIL Right Issue Offer Document (Letter of Offer) >>TIL Right Issue Red Herring Prospectus is not yet available.
TIL Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
TIL Right Issue Online Application (Registrar & Transfer Agent) >>TIL Right Issue RTA information is not yet available.
Last Updated on 2024-05-02T05:32:44+00:00
