Hindustan Construction Company Rights Issue will open for subscription from 26 March 2024. the company aims for an issue size of ₹350 Crores through this rights Issue.
About the company
Hindustan Construction Company Limited is engaged in construction activities which include roads, bridges, ports, railway tunnels, metro projects, power stations, water supply and irrigation projects, and one of the oldest infrastructure development companies in India. The company’s business operations are primarily through three verticals, namely, (i) engineering and construction; (ii) infrastructure development; and (iii) real estate construction, as a single operating segment of engineering and construction. In the last five financial years and till the six months ended September 30, 2023, The company has completed 14 projects across the engineering and construction and infrastructure development verticals with a cumulative executed value of Rs. 6,360.99 crore.
Objectives of the Issue
- Funding long-term working capital requirements of the Company; and
- General corporate purposes.
Hindustan Construction Company Rights Issue Timetable
| Last Date to buy shares | 15 March 2024 |
| Record Date | 16 March 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 26 March 2024 |
| Renunciation of Rights Entitlements | 02 April 2024 |
| Bid/Offer Closes On | 05 April 2024 |
| Deemed Date of Allotment | 16 April 2024 |
| Credit Date | 18 April 2024 |
| Listing Date | 19 April 2024 |
Hindustan Construction Company Rights Issue Details
| Issue Open | March 26, 2024 – April 5, 2024 |
| Security Name | Hindustan Construction Company Limited |
| Issue Size (Shares) | 166,666,666 |
| Issue Size (Amount) | ₹350.00 Crores |
| Issue Price | ₹21 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of Rs 21/- per Equity Share is payable on application. |
| Entitlement | 13 Rights Equity Share(s) for every 118 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,179.93 | 14,225.18 |
| Revenue | 9,912.33 | 10,826.46 |
| Profit After Tax | -27.84 | 562.74 |
Rights Issue Documents
Lead Manager(s)
- IDBI Capital Market Services Limited
Rights Issue Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: hcc.rights2023@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Company Contact Information
Hindustan Construction Company Limited
Hincon House,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai 400 083,
Phone: + 91 22 2575 1000
Email: secretarial@hccindia.com
Website: http://www.hccindia.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
