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Incorporated in 1974, Amal Limited is engaged in the manufacturing of chemicals. The company undertakes bulk manufacturing of chemicals like Sulphuric acid and oleum and of their downstream products like Sulphur dioxide and Sulphur trioxide.
The chemicals produced by Amal Limited find their usage in different industries and products including dyes, fertilizers, personal care, petrochemical, pharmaceutical, textile, and others. Given the type of operations led by the company, they primarily cater to the business-to-business segment.
The product portfolio of the company comprises of:
The manufacturing facility of the company is situated at Ankleshwar, Gujarat which was taken on leasehold land on long-term basis from GIDC.
Amal Limited is led under the leadership of Mr. Sunil Lalbhai, Chairman, and Mr. Rajeev Kumar, Managing Director. They carry their distinct skills and extensive experience in the chemical industry. They are harnessing the company's operations and driving it toward growth.
Issue Open | March 6, 2023 - March 14, 2023 |
Security Name | Amal Limited |
Issue Size (Shares) | 2,937,662 |
Issue Size (Amount) | ₹49.94 Crores |
Issue Price | ₹170 per share |
Face Value | ₹10 per share |
Listing At | BSE |
Terms of Payment | Full amount of Rs. 170/- per Equity Share is payable on application. |
Entitlement | 24 Rights Equity Share(s) for every 77 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | February 20, 2023 |
Record Date | February 21, 2023 |
Credit of Rights Entitlements | March 4, 2023 |
Bid/Offer Opens On | March 6, 2023 |
Renunciation of Rights Entitlements | March 8, 2023 |
Bid/Offer Closes On | March 14, 2023 |
Deemed Date of Allotment | March 21, 2023 |
Credit Date | March 23, 2023 |
Listing Date | March 24, 2023 |
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
---|---|---|---|---|---|
31-Mar-21 | 48.38 | 31.67 | 8.80 | 34.26 | 5.65 |
31-Mar-22 | 100.15 | 43.79 | 1.11 | 35.35 | 51.05 |
Amount in ₹ Crore |
The Company proposes to utilize the proceeds of this Issue towards the following objects:
Amal Limited
309, Veer Savarkar Marg, Opp. India United Mills,
Near Prabhadevi Telephone Exchange,
Dadar (West), Mumbai – 400 028
Phone: +91 22 62559700
Email: sec@amal.co.in
Website: https://www.amal.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: amal.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Amal Rights Issue 2023 opens on March 6, 2023, and closes on March 14, 2023.
Amal Rights Issue 2023 Schedule
Last Date for credit of Rights Entitlements | March 4, 2023 |
Last Date for renunciation of Rights Entitlements | March 8, 2023 |
Issue Opening Date | March 6, 2023 |
Issue Closing Date | March 14, 2023 |
Date of Allotment (on or about) | March 21, 2023 |
Date of Credit (on or about) | March 23, 2023 |
Date of Listing (on or about) | March 24, 2023 |
Amal Rights Issue 2023 price is set at ₹170 per share per equity share.
The eligible shareholders are being offered 24 Rights Equity Share(s) for every 77 fully paid-up Equity Shares held on Record Date (February 21, 2023).
The record date for the Amal Rights Issue 2023 is February 21, 2023.
The issue size of Amal Rights Issue 2023 is of 2,937,662 equity shares at ₹170 per share aggregating upto ₹49.94 Crores.
The Letter of Offer for Amal Rights Issue 2023 can be download here.
You can apply for Amal Rights Issue 2023 in two ways:
Steps to apply for Amal Rights Issue 2023 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Amal Rights Issue 2023 using Registrar's website (R-WAP)
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