15-Mar-2024
2 mins read
Til Limited is coming up with the right issue in the coming months. The issue size has not yet been declared, but the issue amount is Rs 49.50 crores. The last date to buy shares is set on March 14, 2024. The record date is set on March 15, 2024. The opening and closing date of this right issue have yet to be declared. The issue price as well as the face value is also not yet announced. On March 6, 2024, Til Limited hits a 52 week high on BSE of Rs 591.00. Presently, on 15 March 2024, the share price of Til company closed at Rs 522.40 per share with a one day decline of -2.00%. The lead manager and registrar of this rights issue have yet to be announced.
About Til Limited Company Profile
Til Limited was established in 1944, engaged in the business of designing, manufacturing, and distributing a comprehensive range of material handling and port equipment. Til Company had a market expertise of over seven decades in the field of infra equipment manufacturer. They manufacture and market high-performance products that are rugged and versatile to meet the challenge. The product portfolio of Til Company comprises Mobile Cranes, Crawler Cranes, Reach Stackers, Container Handlers. The company’s headquarters is located in Kolkata, and it has regional offices in major cities across India. Til Limited operates two factories in Eastern India – Kamarhatty, Kolkata. Til Company has a warehouse located in Kolkata and provides extensive support for all product models. It is equipped with a warehouse Management System. Warehouse practices focus on preventing shipping errors, reducing spoilage and maintaining precise inventory control.
Objectives of Til Limited Rights Issue
The objective of this rights issue is to raise funds by giving invitations to the existing shareholders for buying new equity shares. However, the company has not yet declared about how funds will get allocated.
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Financial Details of Til Limited (Amt in Rs Crores)
Til Limited posted a revenue of Rs 50.53 crores and Rs 77.13 for the period ending on 31 March 2023 and 31 March 2022, respectively. The company’s revenue decreased by -3.49% and PAT increased by 78.89% between the FY ending on 31 march 2023 and 31 march 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 350.22 | 379.77 | 736.6 |
| Revenue | 50.53 | 77.13 | 320.51 |
| Profit After Tax | -91.02 | -431.17 | -68.48 |
Important Details for Til Limited Rights Issue
| Issue Open | Not yet announced |
| Security Name | Til Limited |
| Issue Size (Shares) | Not yet announced |
| Issue Size (Amount) | Rs 49.50 Crores |
| Issue Price | Not yet announced |
| Face Value | Not yet announced |
| Listing At | BSE, NSE |
| Terms of Payment | Not yet announced |
| Entitlement | Not yet announced |
Timetable of Til Limited Rights Issue
| Last Date to buy shares | 14-Mar-24 |
| Record Date | 15-Mar-24 |
| Credit of Rights Entitlements | Not yet announced |
| Bid/Offer Opens On | Not yet announced |
| Renunciation of Rights Entitlements | Not yet announced |
| Bid/Offer Closes On | Not yet announced |
| Deemed Date of Allotment | Not yet announced |
| Credit Date | Not yet announced |
| Listing Date | Not yet announced |
How to Apply for Til Limited Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Til Limited Rights Issue with Bigul.
How to Check Allotment Status of Til Limited Rights Issue?
The registrar for Til Limited Rights Issue is not yet announced. Follow us and stay tuned for more updates.
FAQs
1. What is the Til Limited Rights Issue?
Til Limited is coming up with its right issue in the coming months. The issue size is not yet declared but the issue amount is Rs 49.50 crores. The last date to buy shares is set on March 14, 2024. The record date is set on March 15, 2024.
2. When does the Rights Issue open and close?
The opening and closing dates of the rights issue is not yet declared.
3. How can I apply for the Til 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 Til Limited Issue?
The registrar for this right issue is yet to be declared. Investors can check out the allotments status after the registrar's name gets announced. Stay tuned for further updates.
5. What is the objective of Til Limited Rights Issue?
The objective of this rights issue is to raise funds by inviting existing shareholders to buy new equity shares. However, the company has not yet declared how the funds will be allocated.
7. Where will the Til Limited Right Issue be listed?
The Rights Issue will be listed on the BSE, NSE.
6. What is the record date for the Til Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for March 15, 2024.
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