Ultracab Rights Issue Details, Record Date, Issue Price, Subscription

Ultracab Rights Issue details are released Ultracab plans to issue 3,43,52,100 equity shares amounting to Rs 49.81 crores. Ultracab Rights issue price is Rs 14.5 per share, and the face value is Rs 2 per share. 

Ultracab Rights Issue open date is January 28, 2025 and closes on February 11, 2025. Ultracab rights issue entitlement ratio is 9: 25, which is 9 Rights equity Shares for every 25 fully paid up equity shares.

The Ultracab Rights Issue record date is January 16, 2025. The last date to buy shares of Ultracab is January 15, 2025. Rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement, offer price, terms of payment, live subscription and bidding updates will be available soon.

Ultracab Rights Issue Allotment date, Credit date and Listing date is yet to be announced. The register for the Ultracab Rights Issue is Bigshare Services Private Limited. 

The book-running lead managers are yet to be announced. The listing will be at BSE, and the terms of payment are the full amount payable on the application. 

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Ultracab Rights Issue Details 

Ultracab Rights Issue details, Ultracab plans to issue 3,43,52,100 equity shares amounting to Rs 49.81 crores. Ultracab Rights issue price is Rs 14.5 per share, and the face value is Rs 2 per share. The rights issue entitlement ratio is 9: 25, which is 9 Rights equity Shares for every 25 fully paid up equity shares.

Ultracab Rights Issue Dates

Ultracab Rights Issue open date is January 28, 2025 and closes on February 11, 2025. The Ultracab Rights Issue record date is January 15, 2025. The last date to buy shares of Ultracab is January 16, 2025.

Ultracab Rights Issue Objectives

Ultracab Rights Issue objective is to raise funds from the existing shareholders. The funds received from this issue will be utilised for the repayment of the past borrowings taken by the company. The remaining money will be used for meeting working capital needs and fulfilling general corporate purposes. 

Ultracab Rights Issue Subscription

Rights Issue subscription status will be available after the issue goes live. The details of Rights Issue entitlement, offer price, terms of payment, live subscription and bidding updates will be available soon.

Ultracab Limited: About Company

Ultracab Limited was incorporated in 2007, is a manufacturer and exporter of electric wires and cables, including domestic power, industrial, solar, and elevator cables. It is recognized for quality and reliability; based in Gujarat, they employ advanced technology and stringent quality control in production. The company utilizes modern machinery and adheres to stringent quality standards to ensure reliable products. 

The product range of the company includes Domestic cables, international cables and special cables. The domestic cables like house wires, PVC/XLPE power cables. International cables like auto cables, welding cables. Special cables like super flat cables, elevator cables, solar cables.

Ultracab Limited Financials (in crore)

Ultracab Limited reported a revenue of Rs 124 crore and net profit of Rs 5.98 crore. The company’s revenue increased by 15.52% and profit after tax increased by 2.79% between the FY ending with March 31, 2024 and March 31, 2023.

Ultracab Rights Issue Registrar 

Ultracab Limited registrar is Bigshare Services Private Limited. The book-running lead managers are yet to be announced. 

FAQs

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

Ultracab Rights Issue details are released. Ultracab Limited plans to issue 3,43,52,100 equity shares amounting to Rs 49.81 crores. Ultracab Rights issue price is Rs 14.5 per share, and the face value is Rs 2 per share. Ultracab rights issue entitlement ratio is 9: 25, which is 9 Rights equity Shares for every 25 fully paid up equity shares.

2. Ultracab Rights Issue open and close date?

Ultracab Rights Issue open date is January 28, 2025 and closes on February 11, 2025. The Ultracab Rights Issue record date is January 15, 2025. The last date to buy shares of Ultracab is January 16, 2025.

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

You can apply for the Rights Issue once it opens for a subscription. Just visit the registrar's website to apply for the rights issue online. 

4. What is the entitlement ratio for the Ultracab Right Issue? 

Ultracab rights issue entitlement ratio is 9:25, which is 9 Rights equity Shares for every 25 fully paid up equity shares. 

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

The registrar for this upcoming rights issue is not yet announced. Investors can check out the allotment by visiting the registrar's website. 

6. What is the Ultracab Rights Issue record date?

The Ultracab Rights Issue record date is January 16, 2025. The last date to buy shares of Ultracab is January 15, 2025.

7. What is the listing date of the Ultracab Right Issue ?

The Ultracab Rights Issue listing date is yet to be announced.

8. Who is the registrar and lead managers of Ultracab Right Issue? 

Ultracab Limited registrar is Bigshare Services Private Limited. The book-running lead managers are yet to be announced.

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