IEL Rights Issue Details, Record Date, Issue Price, Subscription Status

IEL Rights Issue details are now available. The company plans to issue 10,01,28,990 equity shares amounting to Rs 44.56 crores. IEL Rights issue price is Rs 4.45 per share, and the face value is Re 1 per share. 

IEL Rights Issue open date is February 4, 2025 and closing date is February 27, 2025. IEL rights issue entitlement ratio is 3:1, which is 3 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the record date.

IEL Rights Issue record date is February 4, 2025. The last date to buy shares of IEL is February 4, 2025. Rights Issue subscription status will be available after closing this rights issue.

IEL Rights Issue Allotment date is February 28, 2025, Credit date is March 6, 2025 and Listing date is March 8, 2025. However, the listing will be at BSE platform.

IEL Rights Issue book-running lead manager is not yet disclosed. The registrar for the IEL rights Issue is Link Intime India Private Limited.

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IEL Rights Issue Details

The details of the IEL Rights Issue are as follows: The company plans to issue 10,01,28,990 equity shares amounting to Rs 44.56 crores. IEL Rights issue price is Rs 4.45 per share. The rights issue entitlement ratio is 3:1, which is 3 Rights Equity Shares for every 1 fully paid-up equity share(s).

IEL Rights Issue Dates

IEL Rights Issue record date is January 17, 2025. The last date to buy shares of IEL is January 16, 2025.

IEL Rights Issue Subscription

IEL Rights Issue subscription status will be available after the issue ends. The details of Rights Issue entitlement are 3 Rights Equity Share(s) for every 1 fully paid-up Equity Share(s) held on Record Date. The offer price is Rs 4.45 per share.

IEL Limited: About the Company

IEL Limited, established in 1956, is a prominent player in the chemical trading sector. The company headquarter is in Ahmedabad, India, the company specializes in trading chemicals, dyes, pigments, intermediates, and commodities, alongside offering marketing support services.

Initially known as Indian Extractions Limited, it rebranded as IEL Limited in January 2019. The company has a rich history, having set up a solvent extraction plant in Jamnagar, Gujarat, which was later expanded. IEL Limited also ventured into organic chemicals and dye intermediates before focusing on its core business.

Today, it aims to deliver high-quality services and returns to stakeholders under the leadership of Managing Director Ronit Champaklal Shah. With a strong presence in the chemical industry, IEL Limited continues to evolve and expand its operations.

IEL Limited Financials (in Rs crore)

IEL Rights Issue Registrar

IEL Limited's registrar is Link Intime India Private Limited. The book-running lead manager(s) on this rights issue has not yet been disclosed. 

FAQs

1. What are the details of the IEL Rights Issue?

IEL Rights Issue details are as follows: IEL plans to issue 10,01,28,990 equity shares amounting to Rs 44.56 crores. IEL Rights issue price is Rs 4.45 per share, and the face value is Re 1 per share. The rights issue entitlement ratio is 3:1, which is 3 Rights Equity Share(s) for every 1 fully paid-up equity share(s).

2. What is the open date and close date of the IEL Rights Issue?

IEL Rights Issue open date is February 4, 2025 and closing date is February 17, 2025. IEL Rights Issue record date is January 17, 2025. The last date to buy shares of IEL is January 16, 2025.

3. How can I apply for the IEL Rights Issue?

You can apply for IEL in two ways: one is Net Banking (ASBA), and the other is by visiting the Registrar's Website (R-WAP Facility).

4. What is the entitlement ratio for the IEL Rights Issue?

IEL's rights issue entitlement ratio is 3:1, which is 3 Rights Equity Share(s) for every 1 fully paid-up equity share(s).

5. How can I check the IEL Issue Allotment Status?

The registrar for this upcoming rights issue is Link Intime India Private Limited. Investors can check the allotment status by visiting the registrar's here. 

6. From where can I get the LIELer of Offer IEL Rights issue?

You can download the IEL Rights issue LIELer of Offer by visiting here.

7. What is the listing date of the IEL Rights Issue?

The IEL Rights Issue listing date is March 8, 2025. However, the listing will be at BSE.

8. Who are the registrar and lead managers of IEL Rights Issue?

IEL Limited registrar is Link Intime India Private Limited. Whereas, the book-running lead manager(s) of this rights issue is not yet disclosed.

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