Mercury Trade Links Rights Issue

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 shares29 February 2024
Record Date01 March 2024
Credit of Rights Entitlements06 March 2024
Bid/Offer Opens On11 March 2024
Renunciation of Rights Entitlements15 March 2024
Bid/Offer Closes On21 March 2024
Deemed Date of Allotment28 March 2024
Credit Date02 April 2024
Listing Date05 April 2024

Mercury Trade Links Rights Issue Details

Issue OpenMarch 11, 2024 – March 21, 2024
Security NameMercury 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 AtBSE
Terms of PaymentThe Issue Price of Rs. 40/- per Equity Share shall be payable at the time of application
Entitlement10 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Mercury Trade Links Financials Summary

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax0.01-0.100.07
Reserves and Surplus0.160.160.26
(Amount in ₹ Crore)

Mercury Trade Links Rights Issue Documents

Lead Manager(s)

Mercury Trade Links Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270

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

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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