Alan Scott Industries Rights Issue

Alan Scott Industries Rights Issue will open for subscription from 29 June 2023. the company aims for an issue size of ₹5.48 Crores through this rights Issue.

About the company

Incorporated in 1994, Alan Scott is engaged in the business of manufacturing equipment for the health and hygiene sector. Alan Scott manufactures affordable multipurpose hygiene products using innovative technology. The company’s product portfolio includes 5 Petals Air Purifier+ and Oxygen Concentrator. The company’s prominent customers include Larsen & Toubro, ThoughtBridge HR, Sun Capital, and Cubix among others.

Alan Scott has four other business verticals, namely:

  1. Alan Scott Retail Limited (ASRL): It specializes in establishing and managing retail showrooms for esteemed lifestyle and fashion consumer brands.
  2. Alan Scott Automation and Robotics: It specializes in End-of-Line Handling Automation, delivering tailored solutions for manufacturing and packaging operations across various industries.
  3. Alan Scott Nanoveu
  4. Alan Scott Blockchain: It is a sports fan-centric platform that focuses on delivering a comprehensive 360-degree fan engagement approach.

Objectives of the Issue

  • Repayment/ prepayment, in part or full, of certain borrowings,
  • Investment payment of consideration towards the acquisition of additional equity shares of one of the subsidiaries Alan Scott Retail Limited.
  • Investment payment of consideration towards the acquisition of additional equity shares of one of the subsidiaries Alan Scott Nanoveu India Limited, and
  • General Corporate Purposes.

Alan Scott Industries Rights Issue Timetable

Last Date to buy shares15 June 2023
Record Date16 June 2023
Credit of Rights Entitlements22 June 2023
Bid/Offer Opens On29 June 2023
Renunciation of Rights Entitlements07 July 2023
Bid/Offer Closes On13 July 2023
Deemed Date of Allotment20 July 2023
Credit Date24 July 2023
Listing Date31 July 2023

Alan Scott Industries Rights Issue Details

Issue OpenJun 29, 2023 – Jul 13, 2023
Security NameAlan Scott Industries Limited
Issue Size (Shares)1,825,377
Issue Size (Amount)₹5.48 Crores
Issue Price₹30 per share
Face Value₹10 per share
Listing AtBSE
Terms of PaymentInvestors will have to pay Rs. 10 at the time of allotment, Rs. 20 at the time of one or more subsequent Call(s) as determined by the Board/Committee at its sole discretion, from time to time.
Entitlement1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761

Company Contact Information

Alan Scott Industriess Limited
Unit no.302, Kumar Plaza,
3rd Floor, Near Kalina Masjid, Kalina Kurla Road,
Santacruz (East), Mumbai – 400029

Phone: +91-22-61786000

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

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