29-Dec-2023
2 mins read
La Tim Metal & Industries Limited was founded in January 1975 and deals in colour-coated coils and profile sheets. Drilling bits, drill rods, and goods made of tungsten and carbide are produced by La Tim Metal & Industries Ltd.
The business constructed a state-of-the-art colour coating line in Umargaon, Gujarat. With a capacity of more than 90000 MTPA, this line is utilised to produce and process premium coils and sheets of steel and aluminium that are colour- and design-coated (PPGI, PPGL, PPGA, PPEG, PPAL, PPCR, etc.). These goods are produced in accordance with the precise specifications of clients and are utilised in a variety of industries.
The company offers color-coated steel, Stone-coated steel and design-coated steel among its products. It also offers self-drilling screws.
Latim Metal And Industries Limited Financial Information ( In Rs Crore)
Between March 31, 2023, and March 31, 2022, Latim Metal And Industries Limited’s profit after tax (PAT) plummeted by -228.98% and its revenue dropped by -32.64%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 44.24 | 44.85 | 25.82 |
| Revenue | 60.51 | 89.83 | 45.5 |
| Profit After Tax | -5.35 | 4.15 | 5.93 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing |
Latim Metal And Industries Limited Rights Issue 2024 Details
| Issue Open | January 10, 2024 – January 29, 2024 |
| Security Name | Latim Metal And Industries Limited |
| Issue Size (Shares) | 44,157,150 |
| Issue Size (Amount) | Rs 37.53 Crores |
| Issue Price | Rs 8.5 per share |
| Face Value | Re 1 per share |
| Listing At | BSE |
| Terms of Payment | The amount of Rs. 4.25 per Rights Equity Share (including premium of Rs. 3.25) is to be paid on the Application. The balance of Rs 4.25 is to be paid on call as determined by the Board. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Latim Metal And Industries Limited Rights Issue 2024 Timetable
| Last Date to buy shares | 1-Jan-24 |
| Record Date | 2-Jan-24 |
| Credit of Rights Entitlements | Yet to be announced |
| Bid/Offer Opens On | 10-Jan-24 |
| Renunciation of Rights Entitlements | Yet to be announced |
| Bid/Offer Closes On | 29-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 Issue
The purpose of the issue is yet to be announced.
Latim Metal And Industries Rights Issue 2024 Lead Manager(s)
The lead manager(s) of the issue are yet to be announced.
How to Apply
Wait for the public issue to open for subscription, then click on this link to apply for the Latim Metal And Industries Rights Issue 2024 with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status
The registrar for Latim Metal And Industries Rights Issue 2024 is yet to be announced.
FAQs
1. When is the Rights Issue for Latim Metal And Industries Limited open?
The issue opens on January 10, 2024, and closes on January 29, 2024.
- How can I apply for the Latim Metal And Industries Limited Rights Issue?
Investors can apply for the Rights Issue by visiting the following link when the subscription opens: Apply for Rights Issue here.
- What are the payment terms for the Rights Issue?
The payment terms require an initial payment of Rs. 4.25 per Rights Equity Share on application. The remaining Rs 4.25 is to be paid on call as determined by the Board.
- How is the Rights Issue entitlement determined?
The entitlement ratio is set at 1 Rights Equity Share for every 2 fully paid-up Equity Shares held on the record date, which is January 2, 2024.
5. What should I do to check the allotment status of the Rights Issue?
The allotment status can be checked once the registrar for the Rights Issue is announced and the allotment process is completed. Keep an eye on official announcements for updates.