13-Dec-2023
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The Lloyds Engineering Works Limited has recently announced its Right Issue. The issue is expected to open from December 26, 2023 to January 10, 2024 (tentative).
Lloyds Engineering Works Limited Profile
Established in 1994, Lloyds Engineering Works Limited specializes in creating and manufacturing heavy-duty equipment, machinery, and systems specifically designed for sectors like HydroCarbon, Oil and Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and various Turnkey Projects.
The company operates from its main workshop in Murbad Dist Thane, about 100 km from its headquarters in Mumbai. Lloyds Engineering Works comprises four distinct workshops labelled A, B, C, and D. Each workshop on adjacent plots is dedicated to specific types of tasks.
These facilities are equipped with advanced heavy machinery. Key equipment includes the Hydraulic Plate Bending Machine Boldirini, capable of bending up to 100 Thk x 2500 mm width, a 3 roll Pinch cum Pyramid type PSI/HY 3500, Horizontal Boring machines by Skoda (WD 250) and Kolb (HB 125), a Milling machine by TOS with X-axis travel of 1400 mm, a Russian make Horizontal Boring machine HB 90, a Single column type Vertical turret lathe by Schiess, a Plano Millar Machine by Ingersoll-Rand, two Hydraulic presses with capacities of 1000 MT and 2000 MT, an NC Tube bending machine for pipes up to 110 mm in diameter, Submerged Arc welding units with power pack HC 10 (3 sets, 1000 Amps), a column and boom Submerged Arc welding unit (1000 Amps), and a Stress relieving furnace, LDO fired, equipped with 8 channel thermocouples, measuring 6x6x14 meters with a maximum job capacity of 40 MT.
Lloyds Engineering Works Limited holds the prestigious ISO 9001:2015 certification awarded by SGS, UK. The company has earned recognition and approval from international consultants such as Thyssenkrupp, Tecnimont, Aker Kvaerner, Jacobs, EIL, UHDE, PESO, IBR, LINDE, PDIL, TOYO, Technip, MECON, MN Dastur, SMS Group, and others, further establishing its reputation in the engineering and manufacturing sectors.
Lloyds Engineering Works Limited Financial Information
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 |
| Assets | 370.85 | 194.13 | 151.45 | 157.83 |
| Revenue | 318.41 | 59.85 | 83.14 | 122.76 |
| Profit After Tax | 36.82 | 5.95 | 0.5 | 2.49 |
| Net Worth | ||||
| Reserves and Surplus | ||||
| Total Borrowing |
Lloyds Engineering Works Limited Rights Issue Details
| Issue Open | December 26, 2023 – January 10, 2024 |
| Security Name | Lloyds Engineering Works Limited |
| Issue Size (Shares) | 63,464,610 |
| Issue Size (Amount) | Rs 98.37 Crores |
| Issue Price | Rs 15.5 per share |
| Face Value | Re 1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Yet to be announced |
| Entitlement | 1 Rights Equity Share(s) for every 17 fully paid-up Equity Shares held on Record Date |
Lloyds Engineering Works Limited Rights Issue Issue Timetable
| Last Date to buy shares | 13-Dec-23 |
| Record Date | 14-Dec-23 |
| Credit of Rights Entitlements | Yet to be announced |
| Bid/Offer Opens On | 26-Dec-23 |
| Renunciation of Rights Entitlements | Yet to be announced |
| Bid/Offer Closes On | 10-Jan-24 |
| Deemed Date of Allotment | Yet to be announced |
| Credit Date | Yet to be announced |
| Listing Date | Yet to be announced |
Purpose of the Lloyds Engineering Works Limited Rights Issue
The purpose of the Lloyds Engineering Works Limited Rights Issue is yet to be announced.
FAQs
- What is the Lloyds Engineering Works Limited Rights Issue?
The Rights Issue is a financial event where the company offers new shares to existing shareholders. It’s scheduled to open from December 26, 2023, to January 10, 2024.
- What is Lloyds Engineering Works Limited’s specialization?
Established in 1994, the company specializes in manufacturing heavy-duty equipment and machinery for sectors like HydroCarbon, Oil and Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects.
- What are Lloyds Engineering Works Limited’s key facilities and equipment?
The company operates four workshops in Murbad Dist Thane, equipped with advanced machinery like Hydraulic Plate Bending Machines, Horizontal Boring Machines, Milling Machines, NC Tube Bending Machines, and more.
- What certifications does Lloyds Engineering Works Limited hold?
The company is ISO 9001:2015 certified by SGS, UK, and is recognized by international consultants such as Thyssenkrupp, Tecnimont, Aker Kvaerner, and others.
- What are the financial details of the Rights Issue?
The issue size is 63,464,610 shares, amounting to Rs 98.37 Crores, priced at Rs 15.5 per share, with a face value of ₹1 per share.
- Where will the Rights Issue be listed?
It will be listed on the BSE and NSE.
- What is the entitlement ratio for the Rights Issue?
The entitlement is 1 Rights Equity Share for every 17 fully paid-up Equity Shares on the Record Date.
- What is the purpose of the Lloyds Engineering Works Limited Rights Issue?
The specific purpose of the Rights Issue has not been announced yet.
- How has Lloyds Engineering Works Limited performed financially in recent years?
As of March 31, 2023, the company reported assets of 370.85, revenue of 318.41, and a profit after tax of 36.82 (all figures in crores).