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.
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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 On||Apr 9, 2021|
|Bid/Offer Closes On||Apr 23, 2021|
|Record Date||Mar 31, 2021|
|Deemed Date of Allotment||May 4, 2021|
|Renunciation of Rights Entitlements||Apr 19, 2021|
KDDL Rights Issue Detail
|Security Name||KDDL Limited|
|Issue Size (Shares)||0.11 Crores|
|Issue Size (Amount)||₹25.00 Crores|
|Issue Price||₹230 per share|
|Face Value||₹10 per share|
|Market Lot||1 per share|
|Listing At||BSE, NSE|
|Terms of Payment||The full amount of the Issue Price being Rs 230 will be payable on application|
|Entitlement||7 Rights Equity Share for every 75 Fully Paid-Up Equity Shares held on the record date|
|Particulars||For the year/period ended (Rs. in Lakhs)|
|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.
Company Contact Information
SCO 88-89, Sector – 8C,
Chandigarh – 160009
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.