La Tim Metal And Industries Limited Right Issue

₹37.53 Cr BSE 10 Jan 2024 – 29 Jan 2024

Closed Ratio: 1 : 2 BSE
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Issue Price
₹8.50
Face Value
₹1.00
Issue Size (Shares)
44,157,150
Issue Size (₹ Cr.)
₹37.53
📅 Right Issue Timetable
Last Date to Buy SharesMon, Jan 1, 2024
Record DateTue, Jan 2, 2024
Credit of Rights EntitlementsMon, Jan 8, 2024
Bid/Offer Opens OnWed, Jan 10, 2024
Issue Open DateWed, Jan 10, 2024
Renunciation Last DateTue, Jan 23, 2024
Bid/Offer Closes OnMon, Jan 29, 2024
Issue Close DateMon, Jan 29, 2024
Deemed Date of AllotmentTue, Feb 6, 2024
Credit DateWed, Feb 7, 2024
Listing DateMon, Feb 12, 2024
📋 Right Issue Details
Issue Size (Shares)44,157,150
Issue Size (Amount)₹37.53 Cr.
Issue Price₹8.50 per share
Face Value₹1.00 per share
Entitlement Ratio1 : 2
Listing AtBSE
Terms of PaymentThe amount of Rs. 4.25 per Rights Equity Share (including premium of Rs. 3.25) is to be paid on the Application. The balance of Rs 4.25 is to be paid on call as determined by the Board.
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-31FY I
Income273.32569.76
EBITDA
Net Worth27.7135.18
Reserves & Surplus18.8826.35

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Working Capital Requirements; and
2Funding inorganic growth initiatives and other general corporate purposes.
🏢 About the Company
Founded in 1975, La Tim Metal & Industries Limited manufactures pre-painted galvanised iron steel, pre-painted galvalume steel, and pre-painted cold rolled sheets.

The company is also active in trading and specializes in products such as galvalume steel, galvanized steel, cold-rolled coils, aluminum-zinc alloy-coated steel sheets, and galvanized steel.

The company's paint coating facility is located in Umargam, Gujarat, on a land area of 12,024 square meters with a capacity of over 90000 MTPA and is used for producing and processing high-quality Colour Coated and Design Coated Steel and aluminum coils and sheets (PPGI, PPGL, PPGA, PPEG, PPAL, PPCR, etc.). These products are used across various industries and are manufactured as per the specific requirements of customers.

The product range of the company includes

Design coated steel
Color Coated Steel
Stone Coated Steel
Self-Drilling Screws
📞 Company Contact
CompanyLa Tim Metal And Industries Limited
Address201, Navkar Plaza,
Bajaj Road,
Vile Parle (West), Mumbai-400 056
Vile Parle, Maharashtra, 400056
Phone022 26203399
Emailaccounts@drillcometal.com
WebsiteVisit ↗
📝 Registrar
NameSkyline Financial Services Pvt.Ltd
Phone011-26812682
Emailipo@skylinerta.com
WebsiteVisit ↗