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Hilton Metal Forging Ltd Rights Issue (Hilton Metal Forging Rights Issue 2022) Detail

November 3, 2022 - November 11, 2022
Hilton Metal Forging Ltd Logo

Hilton Metal Forging Limited is a manufacturer & distributor of steel forged flanges, fittings & oilfield and marine products for both the domestic & international markets. The company is mainly engaged in manufacturing stainless-steel forging flanges allied pipe fitting items and Valve Body bonnet for the Oil and Gas Sector

The company's product portfolio includes Railway Wheel Forgings, Flanges, Stub Ends, Forged Fittings, Christmas Tree Components, Crank Shafts and Top Deck Covers. Hilton Metal Forging Limited's primary objective is to provide quality service and fast delivery and its aim is to become the customer's first choice as a flange and fittings provider.

Hilton Metal Forging Limited's factory is located in Maharashtra. The company also has complete in-house quality control and Laboratory facilities.
Hilton is the first MSME Company that has developed and successfully supplied Railway Wheel as a 100% Indigenous product. Govt. has issued 90,000 wagons orders to be supplied on or before 2026 to a company like Titagarh Wagons / Texmaco and other leading wagon manufacturers that will require huge qty of wheelset assembly in the next 3 years.

Hilton Metal Forging Rights Issue 2022 Detail

Issue Open November 3, 2022 - November 11, 2022
Security Name Hilton Metal Forging Ltd
Issue Size (Shares) 6,000,000
Issue Size (Amount) ₹33.00 Crores
Issue Price ₹55 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The fuull amount of Rs 55 per share has to be paid at the time of Application.

Entitlement 2 Equity Shares for every 5 Equity Shares held on the Record Date

Hilton Metal Forging Rights Issue 2022 Issue Timetable

Record Date October 20, 2022
Credit of Rights Entitlements October 31, 2022
Bid/Offer Opens On November 3, 2022
Renunciation of Rights Entitlements November 4, 2022
Bid/Offer Closes On November 11, 2022
Deemed Date of Allotment November 21, 2022
Credit Date November 25, 2022
Listing Date November 30, 2022

Company Financials

Hilton Metal Forging Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21112.9947.7-19.57
31-Mar-22114.0284.191.76
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards the following objects:

1. Working Capital Requirements.

2. General Corporate Purposes.

Hilton Metal Forging Rights Issue 2022 Documents

Hilton Metal Forging Rights Issue 2022 Rating

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Hilton Metal Forging Rights Issue 2022 Reviews

Company Contact Information

Hilton Metal Forging Ltd
204, Tanishka Building,
Akurli Road, Kandivali
East, Mumbai – 400101

Phone: 022 4042 6565
Email: ds@hiltonmetal.com
Website: https://www.hiltonmetal.com/

Hilton Metal Forging Rights Issue 2022 Registrar

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

Hilton Metal Forging Rights Issue 2022 Lead Manager(s)

Hilton Metal Forging Rights Issue 2022 FAQs

The Hilton Metal Forging Rights Issue 2022 opens on November 3, 2022, and closes on November 11, 2022.

Hilton Metal Forging Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsOctober 31, 2022
Last Date for renunciation of Rights EntitlementsNovember 4, 2022
Issue Opening DateNovember 3, 2022
Issue Closing DateNovember 11, 2022
Date of Allotment (on or about)November 21, 2022
Date of Credit (on or about)November 25, 2022
Date of Listing (on or about)November 30, 2022

Hilton Metal Forging Rights Issue 2022 price is set at ₹55 per share per equity share.

The eligible shareholders are being offered 2 Equity Shares for every 5 Equity Shares held on the Record Date (October 20, 2022).

The record date for the Hilton Metal Forging Rights Issue 2022 is October 20, 2022.

The issue size of Hilton Metal Forging Rights Issue 2022 is of 6,000,000 equity shares at ₹55 per share aggregating upto ₹33.00 Crores.

The Letter of Offer for Hilton Metal Forging Rights Issue 2022 can be download here.

You can apply for Hilton Metal Forging Rights Issue 2022 in two ways:

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

Steps to apply for Hilton Metal Forging Rights Issue 2022 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 Hilton Metal Forging Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Hilton Metal Forging Rights Issue 2022.
  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 Hilton Metal Forging Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Hilton Metal Forging Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

Compare rights issues with Hilton Metal Forging Rights Issue 2022