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Modern Engineering and Projects Rights Issue 2024 vs Vardhman Polytex Rights Issue 2024

Comparision between Modern Engineering and Projects Rights Issue 2024 and Vardhman Polytex Rights Issue 2024.

Rights Issue details

Find important information like Listing Exchange, Terms of payment and Entitlement Ratio for Modern Engineering and Projects Rights Issue 2024 and Vardhman Polytex Rights Issue 2024. Modern Engineering and Projects Rights Issue 2024 is listed on BSE while Vardhman Polytex Rights Issue 2024 is listed on BSE, NSE.

  Modern Engineering and Projects Limited Vardhman Polytex Ltd.
Logo Modern Engineering and Projects Rights Issue 2024 Logo Vardhman Polytex Rights Issue 2024 Logo
Listing At BSE BSE, NSE
Terms of Payment

The entire amount of the Issue Price of Rs 40/- per Rights Equity Share shall be payable at the time of Application.

The entire amount of the Issue Price of Rs 6/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date 7 Rights Equity Share(s) for every 23 fully paid-up Equity Shares held on Record Date
Application Form Application Form Application Form
Letter of Offer Letter of Offer Letter of Offer
Registrar Purva Sharegistry India Pvt Ltd Alankit Assignments Ltd
Lead Managers Arihant Capital Markets Ltd

Rights Issue Size and Price

The issue size of Modern Engineering and Projects Rights Issue 2024 rights issue is ₹49.44 Crores, whereas Vardhman Polytex Rights Issue 2024 rights issue size is ₹49.84 Crores.

  Modern Engineering and Projects Limited Vardhman Polytex Ltd.
Issue Size 1,23,60,000 shares 8,30,59,434 shares
Issue Size (Amount) ₹49.44 Crores ₹49.84 Crores
Issue Price ₹40 per share ₹6 per share
Face Value ₹10 per share ₹1 per share

Rights Issue Timetable

Find all the important dates related to the rights issue. The record date of Modern Engineering and Projects Rights Issue 2024 is Aug 26, 2024 while record date of Vardhman Polytex Rights Issue 2024 is Aug 28, 2024.

  Modern Engineering and Projects Limited Vardhman Polytex Ltd.
Record Date Aug 26, 2024 Aug 28, 2024
Credit of Rights Entitlements Sep 03, 2024 Sep 11, 2024
Bid/Offer Opens On Sep 05, 2024 Sep 12, 2024
Renunciation of Rights Entitlements Sep 11, 2024 Sep 24, 2024
Bid/Offer Closes On Sep 25, 2024 Sep 27, 2024
Deemed Date of Allotment Oct 08, 2024
Credit Date Oct 10, 2024
Listing Date Oct 11, 2024

Financials details

Comparison of Modern Engineering and Projects Rights Issue 2024 and Vardhman Polytex Rights Issue 2024 financial data, including total revenue, PAT, and net worth. The table below also includes a list of all relevant documents like the Application Form and Letter of Offer. Related Parties like Lead Manager and Registrar are also mentioned in this section.

  Modern Engineering and Projects Limited Vardhman Polytex Ltd.
Financial

Modern Engineering and Projects Limited Financial Information (Restated Consolidated)

Modern Engineering and Projects Limited's revenue increased by 226.37% and profit after tax (PAT) rose by 44.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets35.7720.793.33
Revenue68.0220.840.08
Profit After Tax-2.53-4.56-0.04
Net Worth-3.98-1.483.07
Reserves and Surplus0.230.240.23
Total Borrowing6.127.14
Amount in ₹ Crore

Vardhman Polytex Ltd. Financial Information (Restated)

Vardhman Polytex Ltd.'s revenue decreased by -36% and profit after tax (PAT) dropped by -1894% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets275.6291.41
Revenue399.61621.67
Profit After Tax-26.761.49
Net Worth-361.04-362.31
Reserves and Surplus-394.32-382.81
Amount in ₹ Crore

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