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Ducon Infratechnologies Ltd Rights Issue (Ducon Infratechnologies Rights Issue 2024) Detail

September 12, 2024 - September 24, 2024
Ducon Infratechnologies Ltd Logo

Ducon Infratechnologies Limited, formerly known as Dynacons Technologies Limited, established in 2009, is a clean fossil fuel and coal technology company at the forefront of supporting India’s transition to green energy with clean fossil fuel technologies.

Ducon has diversified technologies and operates in a variety of business areas to provide solutions to the challenges in infrastructure, FGD systems and material handling. In the infrastructure sector, Ducon supplies complete FGD systems for thermal power plants and offers bulk material handling systems for alumina, fly ash handling systems, and electrification projects.

Ducon is a medium-sized EPC company in the field of air pollution control, flue gas desulphurization plants in India, wet scrubbers, bag filters, and cyclones. Material handling systems (belt conveyors, pipe conveyors, pneumatic conveying systems, air gates, silo systems) and rural electrification.

Ducon is active in five business areas:

  1. Clean Energy Flue Gas Desulphurization
  2. Engineering, Procurement, and Construction Dry Bulk Material Handling Systems
  3. Rural and Urban Electrification
  4. Video Surveillance Solutions through Artificial Intelligence, and
  5. Aerospace Engineering

On December 31, 2023, the company had 62 full-time employees.

Ducon Infratechnologies Rights Issue 2024 Detail

Issue Open September 12, 2024 - September 24, 2024
Security Name Ducon Infratechnologies Ltd
Issue Size (Shares) 64,985,118
Issue Size (Amount) ₹45.49 Crores
Issue Price ₹7 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The full amount of the Issue Price, Rs 7 (including the Premium of Rs 6), will be payable on application.

Entitlement 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date

Ducon Infratechnologies Rights Issue 2024 Issue Timetable

Last Date to buy sharesAugust 29, 2024
Record Date August 30, 2024
Credit of Rights Entitlements September 16, 2024
Bid/Offer Opens On September 12, 2024
Renunciation of Rights Entitlements September 19, 2024
Bid/Offer Closes On September 24, 2024
Deemed Date of Allotment October 1, 2024
Credit Date October 4, 2024
Listing Date October 10, 2024

Company Financials

Ducon Infratechnologies Ltd Financial Information (Restated Consolidated)

Ducon Infratechnologies Ltd's revenue increased by 959% and profit after tax (PAT) rose by 1761% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,920.11275.79300.37
Revenue4,195.12396.14384.77
Profit After Tax76.264.14.43
Net Worth122.37150.11
Total Borrowing94.9182.45
Amount in ₹ Crore

Objects of the Issue:

The company intends to use the net issue proceeds towards the following objectives:

  1. To meet the working capital requirements of the Company
  2. For General corporate purposes.

Ducon Infratechnologies Rights Issue 2024 Subscription Status

Ducon Infratechnologies Rights Issue 2024 got oversubscribed by 2.22 times by the end of the bidding period with total bid quantity received by BSE and NSE of 144,132,661 shares.

Ducon Infratechnologies Rights Issue 2024 Documents

Ducon Infratechnologies Rights Issue 2024 Rating

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Ducon Infratechnologies Rights Issue 2024 Reviews

Company Contact Information

Ducon Infratechnologies Ltd
Ducon House, Plot No: A/4,
Road No:1, MIDC, Wagle Industrial Estate,
Thane (West) - 400 604

Phone: 2241122114
Email: cs@duconinfra.co.in
Website: http://www.duconinfra.co.in/

Ducon Infratechnologies Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Ducon Infratechnologies Rights Issue 2024 Lead Manager(s)

Ducon Infratechnologies Rights Issue 2024 FAQs

The Ducon Infratechnologies Rights Issue 2024 opens on September 12, 2024, and closes on September 24, 2024.

Ducon Infratechnologies Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 16, 2024
Last Date for renunciation of Rights EntitlementsSeptember 19, 2024
Issue Opening DateSeptember 12, 2024
Issue Closing DateSeptember 24, 2024
Date of Allotment (on or about)October 1, 2024
Date of Credit (on or about)October 4, 2024
Date of Listing (on or about)October 10, 2024

Ducon Infratechnologies Rights Issue 2024 price is set at ₹7 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date (August 30, 2024).

The record date for the Ducon Infratechnologies Rights Issue 2024 is August 30, 2024.

The issue size of Ducon Infratechnologies Rights Issue 2024 is of 64,985,118 equity shares at ₹7 per share aggregating upto ₹45.49 Crores.

The Letter of Offer for Ducon Infratechnologies Rights Issue 2024 can be download here.

You can apply for Ducon Infratechnologies Rights Issue 2024 in two ways:

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

Steps to apply for Ducon Infratechnologies Rights Issue 2024 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 Ducon Infratechnologies Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Ducon Infratechnologies Rights Issue 2024.
  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 Ducon Infratechnologies Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Ducon Infratechnologies Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. Manish   I Like It. |Report Abuse|  Link|September 18, 2024 1:04:55 PMReply
19/8/24. Is last day right issue
1. Murthy   I Like It. |Report Abuse|  Link|August 27, 2024 10:23:08 AMReply
Draft Letter of offer
https://www.bseindia.com/corporates/download/10108/Rights/Draft%20Letter%20of%20Offer%20for%20Rights%20Issue_20240531171631.pdf

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