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Amal Limited Rights Issue (Amal Rights Issue 2023) Detail

March 6, 2023 - March 14, 2023
Amal Limited Logo

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:

  1. Sulphuric Acid
  2. Sulphur Dioxide and Sulphur Trioxide
  3. Oleum

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.

Amal Rights Issue 2023 Detail

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

Amal Rights Issue 2023 Issue Timetable

Last Date to buy sharesFebruary 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

Company Financials

Amal Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2148.3831.678.8034.265.65
31-Mar-22100.1543.791.1135.3551.05
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the proceeds of this Issue towards the following objects:

  1. Investment in the Wholly Owned Subsidiary, viz. Amal Speciality Chemicals Limited (ASCL) for repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Wholly Owned Subsidiary;
  2. General Corporate Purposes.

Amal Rights Issue 2023 Documents

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Amal Rights Issue 2023 Reviews

Company Contact Information

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/

Amal Rights Issue 2023 Registrar

  1. 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

Amal Rights Issue 2023 Lead Manager(s)

Amal Rights Issue 2023 FAQs

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 EntitlementsMarch 4, 2023
Last Date for renunciation of Rights EntitlementsMarch 8, 2023
Issue Opening DateMarch 6, 2023
Issue Closing DateMarch 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:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Amal Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Amal Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Amal Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

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)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Amal Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. GujjuBhai     Link|March 5, 2023 9:11:14 AM
A future Multibagger

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