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 Date | 20 October 2022 |
| Credit of Rights Entitlements | 31 October 2022 |
| Bid/Offer Opens On | 03 November 2022 |
| Renunciation of Rights Entitlements | 04 November 2022 |
| Bid/Offer Closes On | 11 November 2022 |
| Deemed Date of Allotment | 21 November 2022 |
| Credit Date | 25 November 2022 |
| Listing Date | 30 November 2022 |
Hilton Metal Forging Rights Issue Details
| Issue Open | 03-11 November 2022 |
| Security Name | Hilton 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 At | BSE, NSE |
| Terms of Payment | The full amount of Rs 55 per share has to be paid at the time of Application. |
| Entitlement | 2 Equity Shares for every 5 Equity Shares held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 112.99 | 47.7 | -19.57 |
| 31-Mar-22 | 114.02 | 84.19 | 1.76 |
Lead Manager(s)
- Kunvarji Finstock Pvt Ltd
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: http://www.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
Website: https://www.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
