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Mercury Trade Links Ltd. Rights Issue (Mercury Trade Links Rights Issue October 2024) Detail

November 7, 2024 - December 5, 2024
Mercury Trade Links Ltd. Logo

Mercury Trade Links Limited was founded on August 20, 1985.

The company specializes in trading a wide range of agro products including fertilizers, manures, plant and animal foods. They also trade in pesticides such as insecticides, herbicides and fungicides as well as various types of grain and seeds.

Their extensive product portfolio includes rice, corn, milo, cotton seeds, soybeans, groundnuts, castor seeds, linseeds, sunflower, coconut, rapeseed, almonds, sesame seeds, mustard, sea seeds and grape seeds. They source these agricultural products directly from the producers to ensure quality and reliability.

To facilitate their business, they make advance payments or adhere to the conditions agreed with manufacturers. These products are then distributed through their established network of distributors, allowing them to effectively serve the market and meet customer demand.

Mercury Trade Links Rights Issue October 2024 Detail

Issue Open November 7, 2024 - December 5, 2024
Security Name Mercury Trade Links Ltd.
Issue Size (Shares) 10,890,000
Issue Size (Amount) ₹48.95 Crores
Issue Price ₹44.95 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The Issue Price of Rs. 44.95/- per Equity Share shall be payable at the time of application.

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

Mercury Trade Links Rights Issue October 2024 Issue Timetable

Last Date to buy sharesOctober 23, 2024
Record Date October 24, 2024
Credit of Rights Entitlements November 7, 2024
Bid/Offer Opens On November 7, 2024
Renunciation of Rights Entitlements November 29, 2024
Bid/Offer Closes On December 5, 2024
Deemed Date of Allotment December 13, 2024
Credit Date December 17, 2024
Listing Date December 20, 2024

Company Financials

Mercury Trade Links Ltd. Financial Information (Restated)

Mercury Trade Links Ltd.'s revenue increased by 2796.42% and profit after tax (PAT) rose by 17955.56% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets19.660.690.41
Revenue13.830.480.03
Profit After Tax1.140.01-0.10
Net Worth11.450.41
Reserves and Surplus8.730.160.16
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the net proceeds from the issue towards funding the following objects:

1. Working capital requirement;

2. General Corporate Purpose;

3. To meet Issue Expenses.

Mercury Trade Links Rights Issue October 2024 Documents

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Company Contact Information

Mercury Trade Links Ltd.
C-1211, Swati Trinity,
Applewoods, Shela, Shela,
Ahmedabad, Daskroi, 380058

Phone: 917204141127
Email: mercurytradelinkslimited@gmail.com
Website: https://www.mercurytradelinks.co.in/index.html

Mercury Trade Links Rights Issue October 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: mercurytrade.rights2024@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Mercury Trade Links Rights Issue October 2024 Lead Manager(s)

Mercury Trade Links Rights Issue October 2024 FAQs

The Mercury Trade Links Rights Issue October 2024 opens on November 7, 2024, and closes on December 5, 2024.

Mercury Trade Links Rights Issue October 2024 Schedule

Last Date for credit of Rights EntitlementsNovember 7, 2024
Last Date for renunciation of Rights EntitlementsNovember 29, 2024
Issue Opening DateNovember 7, 2024
Issue Closing DateDecember 5, 2024
Date of Allotment (on or about)December 13, 2024
Date of Credit (on or about)December 17, 2024
Date of Listing (on or about)December 20, 2024

Mercury Trade Links Rights Issue October 2024 price is set at ₹44.95 per share per equity share.

The eligible shareholders are being offered 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (October 24, 2024).

The record date for the Mercury Trade Links Rights Issue October 2024 is October 24, 2024.

The issue size of Mercury Trade Links Rights Issue October 2024 is of 10,890,000 equity shares at ₹44.95 per share aggregating upto ₹48.95 Crores.

The Letter of Offer for Mercury Trade Links Rights Issue October 2024 can be download here.

You can apply for Mercury Trade Links Rights Issue October 2024 in two ways:

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

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

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

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