KCD Industries India Rights Issue will open for subscription from 31 May 2023. the company aims for an issue size of ₹48.86 Crores through this rights Issue.
KCD Industries India Limited
Incorporated in 1985, KCD Industries India Limited is engaged in the business of Construction Services. The company is experienced in various aspects of the real estate development business. This includes identifying and selecting locations, development, designing, project management, and sales and marketing. The company is capable of undertaking overall operations of real estate projects. KCD Industries currently concentrate on construction contracts from developers. Alongside this, the company might undertake residential and commercial real estate projects independently in the future. As civil contractors, KCD Industries India Limited is engaged in the Development and Construction of Residential and Commercial Complex.
Objectives of the Issue
- Working capital requirement.
- General corporate purpose.
- To meet Issue Expenses.
KCD Industries India Rights Issue Timetable
| Last Date to buy shares | 18 May 2023 |
| Record Date | 19 May 2023 |
| Credit of Rights Entitlements | 25 May 2023 |
| Bid/Offer Opens On | 31 May 2023 |
| Renunciation of Rights Entitlements | 09 June 2023 |
| Bid/Offer Closes On | 14 June 2023 |
| Deemed Date of Allotment | 21 June 2023 |
| Credit Date | 23 June 2023 |
| Listing Date | 29 June 2023 |
KCD Industries India Rights Issue Details
| Issue Open | May 31, 2023 – Jun 14, 2023 |
| Security Name | KCD Industries India Limited |
| Issue Size (Shares) | 27,142,857 |
| Issue Size (Amount) | ₹48.86 Crores |
| Issue Price | ₹18 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | On Application, Investors will have to pay Rs. 4.50/- per Rights Equity Share constituting 25% of the Issue Price, and the balance Rs. 13.50/- per Rights Share constituting 75% of the Issue Price, will have to be paid, on one or more additional calls as may be decided. |
| Entitlement | 19 Rights Equity Share(s) for every 7 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5.01 | 0.12 | -0.07 |
| 31-Mar-22 | 6.26 | -0.06 | 0.19 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Company Contact Information
KCD Industries India Limited
501, 5th Floor, Ruby Crescent Business Boulevard,
Ashok Chakravati Road, Kandivali (East),
Mumbai – 400101
Phone: +91 77159 54966
Email: compliance@kcdindustries.com
Website: http://www.kcdindustries.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
