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Incorporated in 1990, Mitsu Chem Plast Limited is a company that specializes in producing plastic products using the blow-molding and injection-molding manufacturing processes.
The company has three manufacturing facilities out of which two are situated in Tarapur and one is situated in Khalapur. The company has increased its manufacturing capacity from of third unit from 10872 MTPA to 13179 MTPA.
The product portfolio of the company consists of Industrial containers, Healthcare furniture, Automotive components, HDPE jars, Chair parts, Plastic bottles etc.
The company's products are made through injection molding and blow molding. Mitsu Chem Plast also offers customized molding to meet customer needs.
| Issue Open | February 26, 2024 - March 5, 2024 |
| Security Name | Mitsu Chem Plast Ltd |
| Issue Size (Shares) | 1,509,075 |
| Issue Size (Amount) | ₹21.73 Crores |
| Issue Price | ₹144 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Issue Price of Rs.144/- per Rights Equity Share (including a premium of Rs.134/- per Rights Equity Share). The amount of Rs.72/- per Rights Equity Share (including premium of Rs.67/-) to be paid on Application. Balance to be paid on one call, as may be decided by Board/ the Rights issue Committee of the Board. |
| Entitlement | 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | February 16, 2024 |
| Record Date | February 17, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | February 26, 2024 |
| Renunciation of Rights Entitlements | February 29, 2024 |
| Bid/Offer Closes On | March 5, 2024 |
| Deemed Date of Allotment | March 12, 2024 |
| Credit Date | March 13, 2024 |
| Listing Date | March 15, 2024 |
Mitsu Chem Plast Ltd's revenue increased by 19.49% and profit after tax (PAT) rose by 2.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 174.71 | 177.02 | 144.09 | 124.57 |
| Revenue | 156.00 | 309.33 | 258.86 | 179.45 |
| Profit After Tax | 2.85 | 11.80 | 11.50 | 9.69 |
| Net Worth | 65.03 | 62.42 | 50.92 | |
| Reserves and Surplus | 50.35 | 38.84 | 27.58 | |
| Total Borrowing | 81.86 | 77.09 | 67.15 | |
| Amount in ₹ Crore | ||||
Mitsu Chem Plast Rights Issue 2024 got oversubscribed by 2.34 times by the end of the bidding period with total bid quantity received by BSE of 3,530,921 shares.
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Mitsu Chem Plast Ltd
329, Gala Complex 3rd floor,
Din Dayal Upadhyay Marg, Mulund (W),
Mumbai - 400 080
Phone: +91-22-25920055
Email: mcpl@mitsuchem.com
Website: https://www.mitsuchem.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Mitsu Chem Plast Rights Issue 2024 opens on February 26, 2024, and closes on March 5, 2024.
Mitsu Chem Plast Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | February 29, 2024 |
| Issue Opening Date | February 26, 2024 |
| Issue Closing Date | March 5, 2024 |
| Date of Allotment (on or about) | March 12, 2024 |
| Date of Credit (on or about) | March 13, 2024 |
| Date of Listing (on or about) | March 15, 2024 |
Mitsu Chem Plast Rights Issue 2024 price is set at ₹144 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date (February 17, 2024).
The record date for the Mitsu Chem Plast Rights Issue 2024 is February 17, 2024.
The issue size of Mitsu Chem Plast Rights Issue 2024 is of 1,509,075 equity shares at ₹144 per share aggregating upto ₹21.73 Crores.
The Letter of Offer for Mitsu Chem Plast Rights Issue 2024 can be download here.
You can apply for Mitsu Chem Plast Rights Issue 2024 in two ways:
Steps to apply for Mitsu Chem Plast Rights Issue 2024 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 Mitsu Chem Plast Rights Issue 2024 using Registrar's website (R-WAP)
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