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:
- Alan Scott Retail Limited (ASRL): It specializes in establishing and managing retail showrooms for esteemed lifestyle and fashion consumer brands.
- Alan Scott Automation and Robotics: It specializes in End-of-Line Handling Automation, delivering tailored solutions for manufacturing and packaging operations across various industries.
- Alan Scott Nanoveu
- 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 shares | 15 June 2023 |
| Record Date | 16 June 2023 |
| Credit of Rights Entitlements | 22 June 2023 |
| Bid/Offer Opens On | 29 June 2023 |
| Renunciation of Rights Entitlements | 07 July 2023 |
| Bid/Offer Closes On | 13 July 2023 |
| Deemed Date of Allotment | 20 July 2023 |
| Credit Date | 24 July 2023 |
| Listing Date | 31 July 2023 |
Alan Scott Industries Rights Issue Details
| Issue Open | Jun 29, 2023 – Jul 13, 2023 |
| Security Name | Alan 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 At | BSE |
| Terms of Payment | Investors 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. |
| Entitlement | 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-22 | 5.57 | 1.91 | 0.06 | 3.09 | 0.13 |
| 31-Mar-23 | 10.39 | 5.42 | -2.08 | 1.06 | 2.96 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
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
Email: alanscottcompliance@gmail.com
Website: https://thealanscott.com/index.html
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
