Mitcon Consultancy & Engineering Services Limited Right Issue

₹32.23 Cr NSE 28 Jun 2024 – 26 Jul 2024

Closed Ratio: 6 : 19 NSE
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Issue Price
₹76.00
Face Value
₹10.00
Issue Size (Shares)
4,241,321
Issue Size (₹ Cr.)
₹32.23
📅 Right Issue Timetable
Last Date to Buy SharesWed, Jun 19, 2024
Record DateThu, Jun 20, 2024
Credit of Rights EntitlementsThu, Jun 27, 2024
Bid/Offer Opens OnFri, Jun 28, 2024
Issue Open DateFri, Jun 28, 2024
Renunciation Last DateSat, Jun 22, 2024
Bid/Offer Closes OnFri, Jul 26, 2024
Issue Close DateFri, Jul 26, 2024
Deemed Date of AllotmentSat, Aug 3, 2024
Credit DateThu, Aug 8, 2024
Listing DateMon, Aug 12, 2024
📋 Right Issue Details
Issue Size (Shares)4,241,321
Issue Size (Amount)₹32.23 Cr.
Issue Price₹76.00 per share
Face Value₹10.00 per share
Entitlement Ratio6 : 19
Listing AtNSE
Terms of PaymentRs. 19 on application. Rs. 57 in one or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income133.1685.75107.76
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Investment in its Wholly Owned Subsidiary Company viz. MITCON Sun Power Limited for Solar Park;
2To finance the upgradation of the Environment Laboratory;
3Investment in its Joint Venture Company viz. MITCON Nature Based Solutions Limited;
4To invest in Front End Engineering Design Development
5To carry out the capital expenditure for refurbishment of office space;
6To finance the acquisition of instruments for training;
7Part-funding the incremental working capital requirements; and
🏢 About the Company
Established in 1982, MITCON Consultancy and Engineering Services Limited is a technical consulting organization (TCO) providing solutions from conception to commissioning.

The company provides feasibility studies, detailed project reports, techno-economic feasibility reports, financial syndication, engineering services to lenders, EIA, basic and detailed engineering, tender process management, project management, cluster development, technical/financial restructuring, energy audits, corporate debt restructuring, due diligence, qualitative and market research, asset/company valuation and consultancy services for wind power projects.

The company provides consulting services to companies in the areas of energy transition, renewable energy, biofuels, green chemistry, skills development, environmental management and engineering, and business consulting.

MITCON has completed more than 18,000 consulting assignments in more than 50 countries in Asia, the Middle East and Africa and trained more than 25 Lakh individuals under various government and non-government skill development and entrepreneurship programs, with a record 75% placement rate.

The company is headquartered in Pune and has regional offices across the country in Mumbai, Delhi, Ahmedabad, Bengaluru, Nanded, Raipur and Nagpur.

As of April 15, 2024, the company had over 216 employees.
📞 Company Contact
CompanyMitcon Consultancy & Engineering Services Limited
Address1st floor,
Kubera Chambers,
Shivajinagar, Pune - 411 005
Nagar, Himachal Pradesh, 411005
Phone+912066289100
Emailbd@mitconindia.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd.
Phone022-49186000
Emailmitcon.rights2024@linkintime.co.in
WebsiteVisit ↗