KDDL Rights Issue

KDDL Rights Issue Details

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KDDL Rights Issue will open for subscription from 09 April 2021 to 23 April 2021. the company aims for an issue size of ₹25 Crores through this Rights Issue.

KDDL Limited

The company is engaged in the manufacturing of watch components and precision engineering products. It is one of India’s leading watch components manufacturers for over three decades. It supplies watch components to domestic and international luxury watch brands. the company recently acquired Estima AG, an established maker of watch hands in Switzerland.

KDDL caters to various industries like automobile, electrical and electronics, consumer durables, industrial engineering, instrumentation, aerospace, and defense industry through precision engineering products like electrical connectors and terminals, components of relays for aerospace application, electrical switch gears, cell phone chargers, battery and components for the automobile sector, etc. KDDL also manufactures ornamental packaging boxes for watches, jewelry, and writing instruments.

Objects of the Issue

  • Investment in Ethos Limited (KDDL’s material subsidiary) for funding its working capital requirements.
  • General corporate purposes.

KDDL Rights Issue Issue Timetable

Bid/Offer Opens OnApr 9, 2021
Bid/Offer Closes OnApr 23, 2021
Record DateMar 31, 2021
Deemed Date of AllotmentMay 4, 2021
Renunciation of Rights EntitlementsApr 19, 2021

KDDL Rights Issue Detail

Security NameKDDL Limited
Issue Size (Shares)0.11 Crores
Issue Size (Amount)₹25.00 Crores
Issue Price₹230 per share
Face Value₹10 per share
Market Lot1 per share
Listing AtBSE, NSE
Terms of PaymentThe full amount of the Issue Price being Rs 230 will be payable on application
Entitlement7 Rights Equity Share for every 75 Fully Paid-Up Equity Shares held on the record date

Company Financials

ParticularsFor the year/period ended (Rs. in Lakhs)
Total Assets65,719.8051,886.79
Total Revenue65,834.6862,796.71
Profit After Tax(196.57)2,517.48

KDDL Rights Issue Registrar

KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India – 500 032.

Phone: 1-800-3454001
Email: kddl.rights@kfintech.com

Company Contact Information

KDDL Limited
Kamla Centre,
SCO 88-89, Sector – 8C,
Chandigarh – 160009

Phone: +91-172-2548223
Email: investor.complaints@kddl.com

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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