PRICOL LIMITED ANNOUNCED RIGHT ISSUE OF UP TO 2,70,84,777 EQUITY SHARES OF FACE VALUE OF ₹1 EACH OF OUR COMPANY (THE “RIGHTS EQUITY SHARES”) FOR CASH AT A PRICE OF ₹30 PER RIGHTS EQUITY SHARE (INCLUDING A PREMIUM OF ₹ 29 PER RIGHTS EQUITY SHARE) OF OUR COMPANY FOR AN AMOUNT AGGREGATING UP TO ₹8,125.43 LAKH, ON A RIGHTS BASIS TO THE EXISTING ELIGIBLE EQUITY SHAREHOLDERS OF OUR COMPANY IN THE RATIO OF 2 RIGHTS EQUITY SHARES FOR EVERY 7 FULLY PAID-UP EQUITY SHARE(S) HELD BY THE EXISTING ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS ON WEDNESDAY, NOVEMBER 25, 2020.
Pricol Limited Right Issue Detail
| Issue Open | Dec 03, 2020 - Dec 17, 2020 |
| Security Name | Pricol Limited |
| Issue Size (Shares) | 2,70,84,777 |
| Issue Size (Amount) | ₹81.25 Crores |
| Issue Price | ₹30 per share |
| Face Value | ₹1 per share |
| Minimum Lot size | |
| Market Lot | 1 per share |
| Listing At | |
| Terms of Payment | The full amount of ₹30 per Rights Equity Share is payable on Application. |
| Entitlement | 2 Rights Equity Share for every 7 Equity Shares held on the Record Date |
Pricol Limited Right Issue Time Table
| Bid/Offer Opens On | Dec 03, 2020 |
| Bid/Offer Closes On | Dec 17, 2020 |
| Record Date | Nov 25, 2020 |
| Deemed Date of Allotment | Dec 29, 2020 |
Pricol Limited Financial Detail
| Particulars | For the year/period ended (₹ in Million) | ||
|---|---|---|---|
| 30-Sep-20 | 31-Mar-20 | ||
| Total Assets | 12,467.24 | 13,299.06 | |
| Total Revenue | 5110.47 | 12,572.49 | |
| Profit After Tax | 186.66 | (987.54) | |
About Pricol Limited
Incorporated in 2011, Pricol Limited is one of the leading manufacturers of automotive components in India, catering primarily to automotive OEMs (Original Equipment Manufacturers), both domestically and overseas. Pricol is a reputed global brand providing leading automobile and industrial brands with technology-intensive solutions in over 45 countries with more than 2000 product variants.
Pricol's product portfolio consists of Driver information systems and sensors, pumps and allied products, telematics, and wiping system. Pricol's market share for driver information systems (that includes instrument clusters, speedometers, and pressure gauges) for commercial vehicles in India is 48.90%. Pricol products are used across various vehicle segments, including for two-wheelers, three-wheelers, four-wheeler passenger vehicles, light commercial vehicles, heavy commercial vehicles, and tractors. Pricol also caters to the construction equipment segment in the global market.
As of Sep 2020, Pricol has seven manufacturing units spread across five states and two manufacturing facilities in Indonesia that offer best in class precision-engineered products. It has two international offices and also two DSIR (Department of Scientific and Industrial Research) registered research and development centers in Coimbatore.
Objects of the Pricol Limited Issue:
The Net Proceeds from the Issue are proposed to be utilized:
- To meet the working capital requirements of the Company; and
- General corporate purposes.
Pricol Limited Right Issue Documents
Pricol Limited Right Issue Registrar
Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai - 600 017
Phone: + 91 44 2814 0801 to 803
Email: pricol@integratedindia.in
Website: http://www.integratedindia.in/
Pricol Limited Right Issue Lead Manager
- Centrum Capital Limited
Pricol Limited Company Information
Pricol Limited
109, Race Course
Coimbatore, Tamil Nadu - 641 018, India
Phone: +91 (422) 4336000
Email: cs@pricol.co.in/investor@pricol.co.in
Website: https://www.pricol.com/
Pricol Limited Rights Issue FAQs
-
When is Pricol Limited Rights Issue coming?
The Pricol Limited Rights Issue opens on Dec 03, 2020, and closes on Dec 17, 2020.
What is the schedule for Pricol Limited Rights Issue?
Pricol Limited Rights Issue Schedule
Last Date for credit of Rights Entitlements [.] Last Date for renunciation of Rights Entitlements [.] Issue Opening Date Dec 03, 2020 Issue Closing Date Dec 17, 2020 Date of Allotment (on or about) Dec 29, 2020 Date of Credit (on or about) Dec 31, 2020 Date of Listing (on or about) Jan 01, 2021 What is the issue price for Pricol Limited Rights Issue?
Shoppers Stop Rights Issue price is set at ₹30 per share per equity share.
In what ratio is the Pricol Limited Rights Issue offered?
The eligible shareholders are being offered 2 Rights Equity Share for every 7 Equity Shares held on the Record Date (Nov 25, 2020).
What is the record date for Pricol Limited Rights Issue?
The record date for the Pricol Limited Rights Issue is Nov 25, 2020.
What is the issue size of Pricol Limited Rights Issue?
The issue size of Pricol Limited Rights Issue is of 2.71 Crores equity shares at ₹30 per share aggregating upto ₹81.25 Crores.
Where can I get the Letter of Offer for Pricol Limited Rights Issue?
The Letter of Offer for Pricol Limited Rights Issue can be download here.
How to apply for Pricol Limited Rights Issue?
You can apply for Pricol Limited Rights Issue in two ways:
- Net Banking (ASBA)
- Registrar's Website (R-WAP Facility)
Steps to apply for Pricol Limited Rights Issue using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the 'IPO & Rights Issue' section.
- Check if the Pricol Limited Rights Issue available on the list.
- Click the Apply button next to the Pricol Limited Rights Issue.
- Fill and check your information.
- Submit the application.
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Pricol Limited Rights Issue using Registrar's website (R-WAP)
- Visit registrar's website
- Go to the 'Rights Issue' section
- Select Pricol Limited Rights Issue from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
