Mercury Trade Links Rights Issue will open for subscription from 11 March 2024. the company aims for an issue size of ₹9.90 Crores through this rights Issue.
About the company
Incorporated in 1985, Mercury Trade Links Limited trades in various agro products such as fertilizers, manures, plant or animal foods, and pesticides which include insecticides, herbicides weedicides, and fungicides. The company also deals in a wide range of agricultural produce including rice, maize, milo, seeds, cotton seeds, soybeans, ground nuts, castors, linseeds, sunflower, coconut, rapeseed, almond, sesame, mustard, sea seed, and grapeseed among others. As of March 2024, the company has 7 employees in various departments.
Objectives of the Issue
- Working capital requirement;
- General Corporate Purpose; and
- To meet Issue Expenses.
Mercury Trade Links Rights Issue Timetable
| Last Date to buy shares | 29 February 2024 |
| Record Date | 01 March 2024 |
| Credit of Rights Entitlements | 06 March 2024 |
| Bid/Offer Opens On | 11 March 2024 |
| Renunciation of Rights Entitlements | 15 March 2024 |
| Bid/Offer Closes On | 21 March 2024 |
| Deemed Date of Allotment | 28 March 2024 |
| Credit Date | 02 April 2024 |
| Listing Date | 05 April 2024 |
Mercury Trade Links Rights Issue Details
| Issue Open | March 11, 2024 – March 21, 2024 |
| Security Name | Mercury Trade Links Ltd. |
| Issue Size (Shares) | 2,475,000 |
| Issue Size (Amount) | ₹9.90 Crores |
| Issue Price | ₹40 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price of Rs. 40/- per Equity Share shall be payable at the time of application |
| Entitlement | 10 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Mercury Trade Links Financials Summary
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 0.70 | 0.41 | 0.52 |
| Revenue | 0.48 | 0.03 | 0.65 |
| Profit After Tax | 0.01 | -0.10 | 0.07 |
| Reserves and Surplus | 0.16 | 0.16 | 0.26 |
Mercury Trade Links Rights Issue Documents
Lead Manager(s)
Mercury Trade Links Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mercurytrade.rights2023@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Mercury Trade Links Contact Information
Mercury Trade Links Ltd.
Office No: D-518, Swati Crimson and Clover
Shilaj Circle, Sardar Patel Ring Road,
Thaltej, Ahmedabad-380054
Phone: +91 9106880417
Email: mercurytradelinkslimited@gmail.com
Website: https://www.mercurytradelinks.co.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
