Aa Plus Tradelink Rights Issue will open for subscription from 22 April 2024. the company aims for an issue size of ₹29.39 Crores through this rights Issue.
About the company
Founded in March 2016, AA Plus Tradelink Limited trades products made of iron & steel, aluminium, graphite, and other alloy products. The company’s product portfolio includes
- Aluminum Bars, Rods & Profiles
- Aluminium Powder
- Aluminum Scrap
- Ammonium Molybdenum
- G I Pipe
- Graphite Flakes and Circl
- Graphite Powder
- Graphite Rods, Blocks and Plates
- Graphite Scrap
- Graphite Square and Round
- >M S Pipe
- >M S Sheet
- Matrix Powder
- Nickel Powder
- Tungsten
- Zirconium Alloy
The company also supplies Epoxy Floor Coating, Industrial Epoxy Floor Coating, Epoxy Floor Coating Marine, PU Floor Coating, Epoxy Coating, Epoxy Primer, Epoxy High Build Coating, and Epoxy Heat Resistance Coating. The company serves corporate and other clients from the construction and manufacturing industry.
Objectives of the Issue
- To meet the Working Capital requirements of the company; and
- General Corporate Purposes
Aa Plus Tradelink Rights Issue Timetable
| Last Date to buy shares | 04 April 2024 |
| Record Date | 05 April 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 22 April 2024 |
| Renunciation of Rights Entitlements | 03 May 2024 |
| Bid/Offer Closes On | 16 May 2024 |
| Deemed Date of Allotment | 14 May 2024 |
| Credit Date | 20 May 2024 |
| Listing Date | 17 May 2024 |
Aa Plus Tradelink Rights Issue Details
| Issue Open | April 22, 2024 – May 16, 2024 |
| Security Name | Aa Plus Tradelink Ltd |
| Issue Size (Shares) | 16,329,600 |
| Issue Size (Amount) | ₹29.39 Crores |
| Issue Price | ₹18 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs 18/- per Equity Share is payable on application. |
| Entitlement | 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 15.44 | 19.54 | 15.45 |
| Revenue | 17.17 | 11.54 | 9.51 |
| Profit After Tax | 0.21 | 0.19 | 0.13 |
| Reserves and Surplus | 4.77 | 4.56 | 1.50 |
Aa Plus Tradelink Rights Issue Documents
Lead Manager(s)
–
Aa Plus Tradelink Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Company Contact Information
Aa Plus Tradelink Ltd
B-702, Divine Jalpa, Gomati Bhuvan
Near Jain Temple, Jambli Gali,
Borivali (West),-Mumbai – 400092,
Phone: +91 22 2898 0308
Email: contact@aaplustradelink.com
Website: http://ww1.aaplustradelink.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
