Minda Industries Limited Right Issue

₹242.79 Cr BSE, NSE 25 Aug 2020 – 8 Sep 2020

Closed Ratio: 1 : 27 BSE, NSE
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Issue Price
₹250.00
Face Value
₹2.00
Issue Size (Shares)
9,711,739
Issue Size (₹ Cr.)
₹242.79
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateMon, Aug 17, 2020
Credit of Rights Entitlements
Bid/Offer Opens OnTue, Aug 25, 2020
Issue Open DateTue, Aug 25, 2020
Renunciation Last Date
Bid/Offer Closes OnTue, Sep 8, 2020
Issue Close DateTue, Sep 8, 2020
Deemed Date of AllotmentThu, Sep 17, 2020
Credit DateFri, Sep 18, 2020
Listing DateTue, Sep 22, 2020
📋 Right Issue Details
Issue Size (Shares)9,711,739
Issue Size (Amount)₹242.79 Cr.
Issue Price₹250.00 per share
Face Value₹2.00 per share
Entitlement Ratio1 : 27
Listing AtBSE, NSE
Terms of Payment₹250 per share payable in full at the time of application
📊 Company Financials (Restated)
Period Ended2020-03-312019-03-31FY I
Income55,043.9059,351.20
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1a) Repayment/ prepayment of all or of a portion of the principal/ interest of certain borrowings availed by the Company;
2Investment in Company's Joint Venture - Toyoda Gosei Minda India Private Limited;
3General corporate purposes.
🏢 About the Company
Incorporated in September 1995, Minda Industries Limited (MIL) is the flagship company of the UNO MINDA engaged in manufacturing of automotive components and solutions to original equipment manufacturers (OEM). The Company offers a range of products across various verticals of auto components. MIL has entered into agreements with different companies for four-wheeler switches, CNG/LPG kits, PV alloy wheel, LED lamps for 2 wheelers and to be a global player in automotive horns segment. As of 31st March 2020, the company has 24 Subsidiaries (including one partnership firm), four Associates (including two partnership firms) and nine Joint Ventures. MIL does not have a holding company.
📞 Company Contact
CompanyMinda Industries Limited
AddressB-64/1, Wazirpur Industrial Area
Delhi 110 052, India
Phone011-49373931
Emailinvestor@mindagroup.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone+91-22-4918 6270
Emailmil.rights@linkintime.co.in
WebsiteVisit ↗