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Founded in 1975, La Tim Metal & Industries Limited manufactures pre-painted galvanised iron steel, pre-painted galvalume steel, and pre-painted cold rolled sheets.
The company is also active in trading and specializes in products such as galvalume steel, galvanized steel, cold-rolled coils, aluminum-zinc alloy-coated steel sheets, and galvanized steel.
The company's paint coating facility is located in Umargam, Gujarat, on a land area of 12,024 square meters with a capacity of over 90000 MTPA and is used for producing and processing high-quality Colour Coated and Design Coated Steel and aluminum coils and sheets (PPGI, PPGL, PPGA, PPEG, PPAL, PPCR, etc.). These products are used across various industries and are manufactured as per the specific requirements of customers.
The product range of the company includes
| Issue Open | January 10, 2024 - January 29, 2024 |
| Security Name | La Tim Metal And Industries Limited |
| Issue Size (Shares) | 44,157,150 |
| Issue Size (Amount) | ₹37.53 Crores |
| Issue Price | ₹8.5 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The amount of Rs. 4.25 per Rights Equity Share (including premium of Rs. 3.25) is to be paid on the Application. The balance of Rs 4.25 is to be paid on call as determined by the Board. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | January 1, 2024 |
| Record Date | January 2, 2024 |
| Credit of Rights Entitlements | January 8, 2024 |
| Bid/Offer Opens On | January 10, 2024 |
| Renunciation of Rights Entitlements | January 23, 2024 |
| Bid/Offer Closes On | January 29, 2024 |
| Deemed Date of Allotment | February 6, 2024 |
| Credit Date | February 7, 2024 |
| Listing Date | February 12, 2024 |
Latim Metal And Industries Limited's revenue decreased by -52.03% and profit after tax (PAT) dropped by -141.7% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 110.09 | 159.23 |
| Revenue | 273.32 | 569.76 |
| Profit After Tax | -7.50 | 17.98 |
| Net Worth | 27.71 | 35.18 |
| Reserves and Surplus | 18.88 | 26.35 |
| Total Borrowing | 46.54 | 40.32 |
| Amount in ₹ Crore | ||
The company proposes to utilize the Net Proceeds towards the following objects:
La Tim Metal And Industries Rights Issue 2023 got oversubscribed by 2.05 times by the end of the bidding period with total bid quantity received by BSE of 90,343,245 shares.
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La Tim Metal And Industries Limited
201, Navkar Plaza,
Bajaj Road,
Vile Parle (West), Mumbai-400 056
Phone: 022 26203399
Email: accounts@drillcometal.com
Website: https://www.latimmetal.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
The La Tim Metal And Industries Rights Issue 2023 opens on January 10, 2024, and closes on January 29, 2024.
La Tim Metal And Industries Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | January 8, 2024 |
| Last Date for renunciation of Rights Entitlements | January 23, 2024 |
| Issue Opening Date | January 10, 2024 |
| Issue Closing Date | January 29, 2024 |
| Date of Allotment (on or about) | February 6, 2024 |
| Date of Credit (on or about) | February 7, 2024 |
| Date of Listing (on or about) | February 12, 2024 |
La Tim Metal And Industries Rights Issue 2023 price is set at ₹8.5 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (January 2, 2024).
The record date for the La Tim Metal And Industries Rights Issue 2023 is January 2, 2024.
The issue size of La Tim Metal And Industries Rights Issue 2023 is of 44,157,150 equity shares at ₹8.5 per share aggregating upto ₹37.53 Crores.
The Letter of Offer for La Tim Metal And Industries Rights Issue 2023 can be download here.
You can apply for La Tim Metal And Industries Rights Issue 2023 in two ways:
Steps to apply for La Tim Metal And Industries 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 La Tim Metal And Industries Rights Issue 2023 using Registrar's website (R-WAP)
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