Ducon Infratechnologies Rights Issue will open for subscription from 12 September 2024. the company aims for an issue size of ₹45.49 Crores through this rights Issue.
About the company
Ducon Infratechnologies is a medium-sized EPC company in the field of Air Pollution Control, Flue Gas Desulphurization (FGD) Systems in India, Wet Scrubbers, Bag Filters, and Cyclones. The company also makes Material Handling Systems (Belt Conveyor Systems, Pipe Conveyor Systems, Pneumatic Conveying Systems, Air Slides, Silo Systems), and Rural Electrification.
In the infrastructure sector, Ducon provides complete FGD systems in thermal power plants, bulk material handling for alumina, fly ash handling systems, and electrification projects. Ducon has its technology for limestone, seawater, and Dry Sorbent Injection. It is a well-known brand in India and abroad for the FGD Technology. and has many successfully operating FGD installations in India, the notable ones include: (i) 500 MW seawater FGD systems at the Dahanu power plant and (ii) 2×600 MW Limestone FGD system at the Udupi Power Plant.
Ducon is active in five business areas:
- Clean Energy Flue Gas Desulphurization
- Engineering, Procurement, and Construction Dry Bulk Material Handling Systems
- Rural and Urban Electrification
- Video Surveillance Solutions through Artificial Intelligence, and
- Aerospace Engineering
Objectives of the Issue
- To meet the working capital requirements of the Company
- For General corporate purposes.
Ducon Infratechnologies Rights Issue Timetable
| Rights Issue Approval Date | 24 August 2024 |
| Rights Issue Record Date | 30 August 2024 |
| Credit of Rights Entitlement | 9 September 2024 |
| Rights Issue Opening Date | 12 September 2024 |
| Last Date for Market Renunciation | 19 September 2024 |
| Rights Issue Closing Date | 24 September 2024 |
| Finalization of Basis of Allotment | 25 September 2024 |
| Rights Allotment Date | 26 September 2024 |
| Credit Date | 27 September 2024 |
| Listing Date | 3 October 2024 |
Ducon Infratechnologies Rights Issue Details
| Issue Open | September 12, 2024 – September 24, 2024 |
| Security Name | Ducon Infratechnologies Ltd |
| Issue Size (Shares) | 64,985,118 |
| Issue Size (Amount) | ₹45.49 Crores |
| Issue Price | ₹7 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price, Rs 7 (including the Premium of Rs 6), will be payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date |
Ducon Infratechnologies Rights Issue Calculation
| Ducon Infratechnologies Rights Issue Price | ₹ 7 per share |
| Market Price on Rights Issue Approval | ₹ 10.61 per share |
| Dilution Factor (X) | 1.25 |
| Fair Value After Dilution at Prevailing Price | ₹ 9.89 per share |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 124.48 | 311.89 | 314.86 |
| Expenses | 123.58 | 307.05 | 308.70 |
| Operating Margin (%) | 8.71 | 4.89 | 5.36 |
| Net Income | 0.83 | 3.88 | 5.04 |
| ROCE (%) | 8 | 7 | 9 |
Rights Issue Documents
- Ducon Infratechnologies Rights Issue Application Form
- Ducon Infratechnologies Letter of Offer
- Board Meeting Outcome
Ducon Infratechnologies Rights Issue Lead Manager(s)
MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay, Service Lane,
Sant Janabai Rd, off Western Express Highway,
Vile Parle East, Mumbai, Maharashtra 400057
Tel: +91 22 2612 3207/08
Email: buyback@markcorporateadvisors.com
Website: www.markcorporateadvisors.com
Ducon Infratechnologies Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: buybackoffer@bigshareonline.com
Website: www.bigshareonline.com
Company Contact Information
DUCON INFRATECHNOLOGIES LIMITED
Ducon House, A/4, MIDC Wagle Industrial Estate,
Road No.1, Thane (W) – 400 604. India
Phone: 2241122114
Email: sales@duconinfra.co.in
Website: www.duconinfra.in
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
