Aa Plus Tradelink Rights Issue: Things Investors Must Know

Aa Plus Tradelink rights issue will open for subscription on Monday, April 22, 2024 and close on Monday, May 6, 2024. This issue will give eligibility to the existing shareholders to buy Aa Plus Tradelink equity shares on a priority basis. The last date to buy shares is Thursday, April 4, 2024. The record date of this new issue is Friday, April 5, 2024. 

The issue size is of 16,329,600 equity shares amounting to Rs 293.93 crores. The issue price is set at Rs 18 per share, and the face value is at Rs 10 per share. On 28 March 2024, the share price of Aa Plus Tradelink closed at Rs 9.11 per share. The eligible shareholders are being offered two Rights Equity shares for every one fully paid up equity shares held on a April 5, 2024, record date. The terms of payment is decided as the full amount of Rs 18 per share is payable on application. Through this rights issue, the company is planning to raise Rs 293.93 crores. The lead managers and registrar of this issue is not yet announced.

About Aa Plus Tradelink Limited

Aa Plus Tradelink was founded in March 2016, trades products made of iron, steel, aluminum, graphite and other other alloy products. Company’s product portfolio includes a wide range of aluminum and graphite products. Aa Plus Tradelink is a multi product trading company with a diverse product portfolio such as Matrix Powder, Nickel Powder, Zirconium Alloy. They are also a supplier of Epoxy Floor Coating, Industrial Epoxy Floor Coating, Epoxy Floor Coating Marine, Epoxy  Heating Resistance Coating. Company is serving corporate and other clients of industries like construction and manufacturing. Company’s sales for the year ending on 31 March 2023, is Rs 16.32 crore and net profit is of Rs 0.21 crore.

Objectives of Aa Plus Tradelink Rights Issue

The objectives of Aa Plus Tradelink are yet to be announced.

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Financial Details of Aa Plus Tradelink (Amt in Rs Crores)

Aa Plus Tradelink posted a revenue of Rs 17.17 crores and net profit of Rs 0.21 crore for the period ending on 31 March 2023. Earlier, for the year ending on 31 March 2022, the company reported a revenue of Rs 11.54 crore and net profit of Rs 0.19 crore.

Important Details for Aa Plus Tradelink Rights Issue

Timetable of Aa Plus Tradelink Rights Issue

How to Apply for Aa Plus Tradelink Rights Issue?

Wait for the public issue to open for subscription, then click here to apply for the Aa Plus Tradelink Limited Rights Issue with Bigul.

How to Check Allotment Status of Aa Plus Tradelink Rights Issue?

The registrar for Aa Plus Tradelink Limited Rights Issue is yet to be announced. Follow us for further updates. 

FAQs

1. What is the Aa Plus Tradelink Limited Rights Issue?

Aa Plus Tradelink rights issue will open for subscription on Monday, April 22, 2024 and close on Monday, May 6, 2024. This issue will give eligibility to the existing shareholders to buy Aa Plus Tradelink equity shares on a priority basis. The last date to buy shares is Thursday, April 4, 2024. The record date of this new issue is Friday, April 5, 2024.

2. When does the Rights Issue open and close?

This Rights Issue will open for subscription on April 22, 2024 and closes on May 6, 2024.

3. How can I apply for the Aa Plus Tradelink Limited Rights Issue?

You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.

4. How can I check the allotment status of the Aa Plus Tradelink Limited Issue?

The registrar for this right issue is yet to be announced. Once the registrar is announced, you can check the allotment by visiting their website. Stay tuned for further updates. 

5. What is the objective of the Aa Plus Tradelink Limited Rights Issue? 

The objective of this rights issue is yet to be announced. 

6. What is the record date for the Aa Plus Tradelink Limited Rights Issue?

The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for April 5, 2024.

7. Where will the Aa Plus Tradelink Limited Right Issue be listed? 

The Rights Issue will be listed on the BSE.

8. What is the entitlement ratio for the Aa Plus Tradelink Limited Right Issue? 

The entitlement ratio is set at 2 Rights equity Shares for every 1 fully paid up equity shares held on record date April 5, 2024.

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