Lloyds Engineering Works Rights Issue

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 shares13 December 2023
Record Date14 December 2023
Credit of Rights Entitlements21 January 2024
Bid/Offer Opens On26 December 2023
Renunciation of Rights Entitlements05 January 2024
Bid/Offer Closes On10 January 2024
Deemed Date of Allotment18 January 2024
Credit Date19 January 2024
Listing Date24 January 2024

Lloyds Engineering Works Rights Issue Details

Issue OpenDecember 26, 2023 – January 10, 2024
Security NameLloyds 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 AtBSE, NSE
Terms of PaymentThe entire amount of the Issue Price of ₹ 15.50 per Rights Equity Share shall be payable at the time of Application.
Entitlement1 Rights Equity Share(s) for every 17 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Profit After Tax36.825.950.502.49
(Amount in ₹ Crore)

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

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

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

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