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Lloyds Engineering Works Limited Rights Issue (Lloyds Engineering Works Rights Issue 2023) Detail

December 26, 2023 - January 10, 2024
Lloyds Engineering Works Limited Logo

Incorporated in 1994, Lloyds Engineering Works Limited is a designer and manufacturer of Heavy Equipment, Machinery, and Systems for Hydro Carbon Sector, Oil and Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects.

Lloyds Engineering Works has its workshop located at Murbad Dist Thane approximately 100 km away from the Head office in Mumbai. The company has four workshops named A, B, C & D. All these workshops are adjacent plots and have a specific area of work assigned to each of the workshops.

These workshops employ heavy machinery such as Hydraulic Plate Bending Machine Make Boldirini, which has a capacity of up to 100 Thk x 2500 mm width cold bending, 3 roll Pinch cum Pyramid type, PSI / HY 3500; Horizontal Boring machine Skoda make WD 250; Milling machine, TOS make X-axis travel 1400 mm; Horizontal Boring machine Kolb Make HB 125; Vertical turret lathe, Schiess make Single column type; Horizontal Boring machine Russian make HB 90 - Spindle dia 90 mm; Plano Millar Machine Ingersoll - Rand make; Hydraulic press 2 Nos of Hydraulic press with a 1000 MT and 2000 MT capacity; NC Tube bending machine For 1D pipe dia bending with a diameter of tube up to 110 mm; Submerged Arc welding unit trolley type with power pack HC 10-3 sets, 1000 Amps; Submerged Arc welding unit with column and boom - 1 No, 1000 Amps; and Stress relieving furnace - LDO fired, with 8 channel thermocouples 6 meter x 6 meters x 14 meters long with a max job capacity 40 MT.

The company is accredited with ISO 9001:2015 certification by SGS, UK. It is also approved/enlisted by international consultants like Thyssenkrupp, Tecnimont, Aker Kvaerner, Jacobs, EIL, UHDE, PESO, IBR, LINDE, PDIL, TOYO, Technip, MECON, MN Dastur, SMS Group, etc.

Lloyds Engineering Works Rights Issue 2023 Detail

Issue Open December 26, 2023 - January 10, 2024
Security Name Lloyds Engineering Works Limited
Issue Size (Shares) 63,464,610
Issue Size (Amount) ₹98.37 Crores
Issue Price ₹15.5 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the Issue Price of ₹ 15.50 per Rights Equity Share shall be payable at the time of Application.

Entitlement 1 Rights Equity Share(s) for every 17 fully paid-up Equity Shares held on Record Date

Lloyds Engineering Works Rights Issue 2023 Issue Timetable

Last Date to buy sharesDecember 13, 2023
Record Date December 14, 2023
Credit of Rights Entitlements January 21, 2024
Bid/Offer Opens On December 26, 2023
Renunciation of Rights Entitlements January 5, 2024
Bid/Offer Closes On January 10, 2024
Deemed Date of Allotment January 18, 2024
Credit Date January 19, 2024
Listing Date January 24, 2024

Company Financials

Lloyds Engineering Works Limited Financial Information (Restated)

Lloyds Engineering Works Limited's revenue increased by 432.03% and profit after tax (PAT) rose by 519.17% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets370.85194.13151.45157.83
Revenue318.4159.8583.14122.76
Profit After Tax36.825.950.502.49
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the Net Proceeds from this Issue towards the following objects:

  1. To meet the working capital requirements of the company; and
  2. General corporate purposes

Lloyds Engineering Works Rights Issue 2023 Subscription Status

Lloyds Engineering Works Rights Issue 2023 got oversubscribed by 2.8 times by the end of the bidding period with total bid quantity received by BSE and NSE of 177,866,738 shares.

Lloyds Engineering Works Rights Issue 2023 Documents

Lloyds Engineering Works Rights Issue 2023 Rating

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Lloyds Engineering Works Rights Issue 2023 Reviews

Company Contact Information

Lloyds Engineering Works Limited
Plot No. A-5/5,
MIDC Industrial Area,
Murbad, District Thane – 421 401

Phone: +91 2524 222271
Email: infoengg@lloyds.in
Website: https://www.lloydsengg.in/

Lloyds Engineering Works Rights Issue 2023 Registrar

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

Lloyds Engineering Works Rights Issue 2023 Lead Manager(s)

Lloyds Engineering Works Rights Issue 2023 FAQs

The Lloyds Engineering Works Rights Issue 2023 opens on December 26, 2023, and closes on January 10, 2024.

Lloyds Engineering Works Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsJanuary 21, 2024
Last Date for renunciation of Rights EntitlementsJanuary 5, 2024
Issue Opening DateDecember 26, 2023
Issue Closing DateJanuary 10, 2024
Date of Allotment (on or about)January 18, 2024
Date of Credit (on or about)January 19, 2024
Date of Listing (on or about)January 24, 2024

Lloyds Engineering Works Rights Issue 2023 price is set at ₹15.5 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 17 fully paid-up Equity Shares held on Record Date (December 14, 2023).

The record date for the Lloyds Engineering Works Rights Issue 2023 is December 14, 2023.

The issue size of Lloyds Engineering Works Rights Issue 2023 is of 63,464,610 equity shares at ₹15.5 per share aggregating upto ₹98.37 Crores.

The Letter of Offer for Lloyds Engineering Works Rights Issue 2023 can be download here.

You can apply for Lloyds Engineering Works Rights Issue 2023 in two ways:

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

Steps to apply for Lloyds Engineering Works 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 Lloyds Engineering Works Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Lloyds Engineering Works 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 Lloyds Engineering Works Rights Issue 2023 using Registrar's website (R-WAP)

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

23 Comments

3. Sonal     Link|December 28, 2023 7:33:52 AM
Buy re from market
Then apply same like ipo thrASBA
2. Harshad Bhai     Link|December 26, 2023 12:33:59 PM
Where and how to apply ?
1. s gattani     Link|December 19, 2023 12:14:19 PM
no details of registrar given

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