TIL Rights Issue

TIL Rights Issue will open for subscription from 26 April 2024. the company aims for an issue size of ₹49.08 Crores through this rights Issue.

About the company

Established in 1944, TIL Limited designs, manufactures and distributes a comprehensive range of material handling and port equipment. The company has two factories in Eastern India, a mobile crane manufacturing facility in Kamarhatty, Kolkata and an ERP enabled factory in Kharagpur. Both factories are certified according to the international standards for quality management systems ISO 9001:2015 and DIN EN ISO 3834-2.

The company’s product list includes Rough Terrain Cranes, Truck Cranes, Pick and Carry Cranes, Manitowoc Crawler Cranes, Grove Cranes, Reach Stackers, and Forklift Trucks. TIL is headquartered in Kolkata, with regional offices in major cities across India.

Objectives of the Issue

  • Funding incremental working capital requirements of the Company;
  • General corporate purposes

TIL Rights Issue Timetable

Last Date to buy shares21 March 2024
Record Date22 March 2024
Credit of Rights Entitlements
Bid/Offer Opens On26 April 2024
Renunciation of Rights Entitlements06 May 2024
Bid/Offer Closes On10 May 2024
Deemed Date of Allotment20 May 2024
Credit Date22 May 2024
Listing Date24 May 2024

TIL Rights Issue Details

Issue OpenApril 26, 2024 – May 10, 2024
Security NameTil Ltd.
Issue Size (Shares)49,075,199
Issue Size (Amount)₹49.08 Crores
Issue Price₹10 per share
Face Value₹10 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of the Issue Price being ₹ 10 will be payable on application.
Entitlement28 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax93.24-95.54-147.93-150.64
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: til.rights@linkintime.co.in

Company Contact Information

Til Ltd.
1 Taratolla Road,
Garden Reach,
Kolkata – 700024

Phone: +91 33 6633 2000
Email: secretarial.department@tilindia.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

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