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Rights Issue Status: Closed [28th Jun 2024 to 26th Jul 2024]
Mitcon Consultancy & Engineering Services Limited offers Right Issue size of Rs 32.23 Cr. The subscription for this Rights Issue is opening from 28 June 2024 to 26 July 2024. The company issues entitlement of 6 Rights equity shares for every fully paid-up 19 equity shares held on the record date of 20 June 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 76 per share.
Stay connected with us to more about Mitcon Consultancy & Engineering Services Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The Net Proceeds of the Issue are proposed to be utilized by the company for the objects set out below:
| Mitcon Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 0.42 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹32.23 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹76 per share |
| Rights Issue Record Date | 20th Jun 2024 |
| Rights Issue Entitlement | 6 Rights Equity Share(s) for every 19 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | Rs. 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. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | MITCON |
In this section we have covered all important dates related to Mitcon Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 28th Jun 2024 |
| Rights Issue Issue Close Date | 26th Jul 2024 |
| Basis of Allotment Finalisation Date* | 3rd Aug 2024 |
| Refunds Initiation* | 22nd Jun 2024 |
| Credit of Shares to Demat Account* | 8th Aug 2024 |
| Rights Issue Listing Date* | 12th Aug 2024 |
* - Tentative Dates
Zerodha Trade@20
Established in 1982 in Pune, MITCON Consultancy & Engineering Services Limited is a reputed Indian Technical Consultancy Organization (TCO) offering one-stop solutions for all technical, marketing and financial business requirements. MITCON is a certified TCO providing concept and commissioning solutions to various organizations for more than 40 years. MITCON has experience in various industries including energy transition, renewable energy, biofuels, green chemistry, skills development, environmental management and engineering, and business consulting.
Over the years, the company has expanded its services to include banking, infrastructure and biotechnology. They provide their clients with feasibility studies, detailed project reports, techno-economic feasibility reports, financial syndication, engineering services for lenders, environmental impact assessments, basic and detailed engineering, tender 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 energy projects, among others, depending on their requirements. They also conduct IT-based training and qualification programs.
Past performance and financial results of Mitcon .
Mitcon Consultancy & Engineering Services Limited's revenue increased by 55.28% and profit after tax (PAT) rose by 48.39% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 311.93 | 247.70 | 216.86 |
| Revenue | 133.16 | 85.75 | 107.76 |
| Profit After Tax | 5.63 | 3.80 | 1.50 |
| Amount in ₹ Crore | |||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Mitcon Rights Issue Offer Document (Letter of Offer) >>Document
Mitcon Rights Issue Offer Document (Letter of Offer) >>Mitcon Rights Issue Red Herring Prospectus is not yet available.
Mitcon Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Mitcon Rights Issue Online Application (Registrar & Transfer Agent) >>Mitcon Rights Issue RTA information is not yet available.
Last Updated on 2024-07-29T05:32:45+00:00
