Lloyds Engineering Works Rights Issue will open for subscription from 26 December 2023. the company aims for an issue size of ₹98.37 Crores through this rights Issue.
About the company
Incorporated in 1994, Lloyds Engineering Works Limited is a designer and manufacturer of Heavy Equipment, Machinery, and Systems for Hydro Carbon Sector, Oil and Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects. Lloyds Engineering Works has its workshop located at Murbad Dist Thane approximately 100 km away from the Head office in Mumbai. The company has four workshops named A, B, C & D. All these workshops are adjacent plots and have a specific area of work assigned to each of the workshops.
These workshops employ heavy machinery such as Hydraulic Plate Bending Machine Make Boldirini, which has a capacity of up to 100 Thk x 2500 mm width cold bending, 3 roll Pinch cum Pyramid type, PSI / HY 3500; Horizontal Boring machine Skoda make WD 250; Milling machine, TOS make X-axis travel 1400 mm; Horizontal Boring machine Kolb Make HB 125; Vertical turret lathe, Schiess make Single column type;
Horizontal Boring machine Russian make HB 90 – Spindle dia 90 mm; Plano Millar Machine Ingersoll – Rand make; Hydraulic press 2 Nos of Hydraulic press with a 1000 MT and 2000 MT capacity; NC Tube bending machine For 1D pipe dia bending with a diameter of tube up to 110 mm; Submerged Arc welding unit trolley type with power pack HC 10-3 sets, 1000 Amps; Submerged Arc welding unit with column and boom – 1 No, 1000 Amps; and Stress relieving furnace – LDO fired, with 8 channel thermocouples 6 meter x 6 meters x 14 meters long with a max job capacity 40 MT.
The company is accredited with ISO 9001:2015 certification by SGS, UK. It is also approved/enlisted by international consultants like Thyssenkrupp, Tecnimont, Aker Kvaerner, Jacobs, EIL, UHDE, PESO, IBR, LINDE, PDIL, TOYO, Technip, MECON, MN Dastur, SMS Group, etc.
Objectives of the Issue
- To meet the working capital requirements of the company; and
- General corporate purposes
Lloyds Engineering Works Rights Issue Timetable
| Last Date to buy shares | 13 December 2023 |
| Record Date | 14 December 2023 |
| Credit of Rights Entitlements | 21 January 2024 |
| Bid/Offer Opens On | 26 December 2023 |
| Renunciation of Rights Entitlements | 05 January 2024 |
| Bid/Offer Closes On | 10 January 2024 |
| Deemed Date of Allotment | 18 January 2024 |
| Credit Date | 19 January 2024 |
| Listing Date | 24 January 2024 |
Lloyds Engineering Works Rights Issue Details
| Issue Open | December 26, 2023 – January 10, 2024 |
| Security Name | Lloyds Engineering Works Limited |
| Issue Size (Shares) | 63,464,610 |
| Issue Size (Amount) | ₹98.37 Crores |
| Issue Price | ₹15.5 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of the Issue Price of ₹ 15.50 per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 1 Rights Equity Share(s) for every 17 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 370.85 | 194.13 | 151.45 | 157.83 |
| Revenue | 318.41 | 59.85 | 83.14 | 122.76 |
| Profit After Tax | 36.82 | 5.95 | 0.50 | 2.49 |
Lloyds Engineering Works Rights Issue Documents
Lead Manager(s)
- Mark Corporate Advisors Private Limited
- Pioneer Investcorp Limited
Lloyds Engineering Works Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Contact Information
Lloyds Engineering Works Limited
Plot No. A-5/5,
MIDC Industrial Area,
Murbad, District Thane – 421 401
Phone: +91 2524 222271
Email: infoengg@lloyds.in
Website: https://www.lloydsengg.in/
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
