Hilton Metal Forging Rights Issue

Hilton Metal Forging Rights Issue

Hilton Metal Forging Rights Issue will open for subscription from 03 November 2022. The company aims for an issue size of ₹33 Crores through this rights issue.

Hilton Metal Forging Ltd

Hilton Metal Forging Limited is a manufacturer & distributor of steel-forged flanges, fittings & oilfields, and marine products for both the domestic & international markets. The company’s product portfolio includes Railway Wheel Forgings, Flanges, Stub Ends, Forged Fittings, Christmas Tree Components, Crank Shafts, and Top Deck Covers. The company’s primary objective is to provide quality service and fast delivery and its aim is to become the customer’s first choice as a flange and fittings provider.

Hilton Metal Forging Limited’s factory is located in Maharashtra. HILTON METAL FORGING LTD has complete in-house quality control and Laboratory facilities.

Objects of the Issue

  • Working Capital Requirements.
  • General Corporate Purposes.

Hilton Metal Forging Rights Issue Timetable

Record Date20 October 2022
Credit of Rights Entitlements31 October 2022
Bid/Offer Opens On03 November 2022
Renunciation of Rights Entitlements04 November 2022
Bid/Offer Closes On11 November 2022
Deemed Date of Allotment21 November 2022
Credit Date25 November 2022
Listing Date30 November 2022

Hilton Metal Forging Rights Issue Details

Issue Open03-11 November 2022
Security NameHilton Metal Forging Ltd
Issue Size (Shares)6,000,000
Issue Size (Amount)₹33.00 Crores
Issue Price₹55 per share
Face Value₹10 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of Rs 55 per share has to be paid at the time of Application.
Entitlement2 Equity Shares for every 5 Equity Shares held on the Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Figures are in ₹ Crore)

Lead Manager(s)

  • Kunvarji Finstock Pvt Ltd

Rights Issue Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com

Company Contact Information

Hilton Metal Forging Ltd
204, Tanishka Building,
Akurli Road, Kandivali
East, Mumbai – 400101

Phone: 022 4042 6565
Email: ds@hiltonmetal.com

Final thoughts

Hilton Metal Forging Rights Issue is going to open for subscription soon. applying for rights Issue is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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