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Rights Issue Status: Open [5th Sep 2024 to 17th Sep 2024]
Modern Engineering and Projects Limited is offering a rights issue of Rs 49.44 Cr. The subscription period for this rights issue will be from 05 Sep 2024 to 17 Sep 2024. The company issues entitlement of 04 Rights equity shares for every fully paid-up 01 equity shares held on the record date of 26 Aug 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 40 per share.
Stay connected with us to more about Modern Engineering and Projects Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The Company proposes to utilize the Net Proceeds towards funding the following Objects:
| Modern Engineering and Projects Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 1.24 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹49.44 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹40 per share |
| Rights Issue Record Date | 26th Aug 2024 |
| Rights Issue Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | The entire amount of the Issue Price of Rs 40/- per Rights Equity Share shall be payable at the time of Application. |
| Listing At | BSE |
| BSE Code | 539762 |
| NSE Code |
In this section we have covered all important dates related to Modern Engineering and Projects 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 | 5th Sep 2024 |
| Rights Issue Issue Close Date | 17th Sep 2024 |
| Basis of Allotment Finalisation Date* | 23rd Sep 2024 |
| Refunds Initiation* | 11th Sep 2024 |
| Credit of Shares to Demat Account* | 25th Sep 2024 |
| Rights Issue Listing Date* | 25th Sep 2024 |
* - Tentative Dates
Zerodha Trade@20
Modern Engineering and Projects Limited was founded in February 1946. The company provides competitive solutions in transportation engineering, civil engineering and other related works under Build, Operate and Transfer (BOT), Hybrid Annuity Mode (HAM), Engineering, Procurement and Construction (EPC) models.
The company's range of services includes technical design, planning and estimation of a project, market studies, preparation of feasibility reports, project management, architectural and civil engineering services, project commissioning, operation and maintenance and specialised consultancy services.
The company is currently involved in the construction of major infrastructure projects. The focus is on civil engineering. The company offers a diversified portfolio of road construction projects that help connect major cities and corridors in India. By leveraging technology, world-class equipment and a skilled team, operational efficiency is enhanced to realise the vision of creating last mile connectivity to promote India’s development.
The company is currently engaged in the construction of major infrastructure projects. The focus is on civil engineering. The company offers a diversified portfolio of road construction projects that help connect key cities and corridors in India. By leveraging technology, world-class equipment and a skilled team, operational efficiency is enhanced to realise the vision of creating last mile connectivity to promote India’s development.
Past performance and financial results of Modern Engineering and Projects .
Modern Engineering and Projects Limited's revenue increased by 226.37% and profit after tax (PAT) rose by 44.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 35.77 | 20.79 | 3.33 |
| Revenue | 68.02 | 20.84 | 0.08 |
| Profit After Tax | -2.53 | -4.56 | -0.04 |
| Net Worth | -3.98 | -1.48 | 3.07 |
| Reserves and Surplus | 0.23 | 0.24 | 0.23 |
| Total Borrowing | 6.12 | 7.14 | |
| Amount in ₹ Crore | |||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Modern Engineering and Projects Rights Issue Offer Document (Letter of Offer) >>Document
Modern Engineering and Projects Rights Issue Offer Document (Letter of Offer) >>Modern Engineering and Projects Rights Issue Red Herring Prospectus is not yet available.
Modern Engineering and Projects Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Modern Engineering and Projects Rights Issue Online Application (Registrar & Transfer Agent) >>Modern Engineering and Projects Rights Issue RTA information is not yet available.
Last Updated on 2024-09-16T05:32:46+00:00
