Hazoor Multi Projects Rights Issue will open for subscription from 03 February 2023. the company aims for an issue size of ₹45.00 Crores through this rights Issue.
About the company
Incorporated in 1992, Hazoor Multi Projects Limited is engaged in the business as an Infrastructure and Real estate company. They undertake infrastructure development and construction projects like the development of roads and highways. The construction business of Hazoor Multi Projects involves engineering, procurement, and construction (“EPC”) work on a contract basis. They primarily operate in the roads and highways sector. Further, the company is currently developing a “National Highway No 548-A from Section Waken Pali to 2 lanes with paved shoulder”.
Taking the business to an expanded horizon, the company engages in the business of land development and acquisition of land and landed properties. They also actively undertake the construction of buildings, multi-storied buildings, residential complexes, commercial complexes, townships, and highways. With an effective combination of sophisticated construction equipment and efficient employment resources, Hazoor Multi Projects Limited is able to implement modern infrastructure and construction methodologies. Some of the projects of the company under implementation are:
- Wakan – Pali Highway (40Km Stretch In the State of Maharashtra)
- Nagpur-Mumbai Super Communication Expressway Limited
- Project – Arawali – Kante Section for the Ratanagiri City
Objectives of the Issue
- To part finance Working Capital;
- To meet General corporate purposes;
- To meet the expenses of the Issue.
Rights Issue Timetable
| Record Date | 20 January 2023 |
| Credit of Rights Entitlements | 25 January 2023 |
| Bid/Offer Opens On | 03 February 2023 |
| Renunciation of Rights Entitlements | 15 February 2023 |
| Bid/Offer Closes On | 20 February 2023 |
| Deemed Date of Allotment | 28 February 2023 |
| Credit Date | 03 March 2023 |
| Listing Date | 08 March 2023 |
Hazoor Multi Projects Rights Issue Details
| Issue Open | Feb 3, 2023 – Feb 20, 2023 |
| Security Name | Hazoor Multi Projects Limited |
| Issue Size (Shares) | 5,075,000 |
| Issue Size (Amount) | ₹45.00 Crores |
| Issue Price | ₹88 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Rs. 22 on the Application, and Rs. 66 in one or more calls as may be determined. |
| Entitlement | 1 EQUITY SHARE FOR EVERY 2 EQUITY SHARES Held ON THE RECORD DATE |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 22.32 | 0.35 | 0.05 | 22.16 |
| 31-Mar-21 | 32.73 | 24.3 | 0.43 | 22.33 |
| 31-Mar-22 | 72.84 | 112.64 | 2.48 | 24.81 |
Lead Manager(s)
Rights Issue Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: hazoor.rights@linkintime.co.in
Website: https://linkintime.co.in/
Company Contact Information
Hazoor Multi Projects Limited
601-A, Ramji House Premises CSL.,
30, Jambulwadi, J.S.S. Road,
Mumbai – 400 002
Phone: +91-22-22000525
Email: hmpl.india@gmail.com
Website: https://www.hazoormultiproject.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
