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Incorporated in 1946, Modern Engineering and Projects Limited operates primarily in the Infrastructure Sector, focusing on infrastructure construction, engineering, and related activities.
The company offers various services in transportation engineering, civil construction, and related works under the Build, Operate, and Transfer (BOT) model, Hybrid Annuity Mode (HAM), and Engineering, Procurement, and Construction (EPC).
The company offer engineering design, project planning, market studies, feasibility report preparation, project management, architectural and construction engineering, project commissioning, operations and maintenance, and special advisory services.
As of December 31, 2023, the company had a total of 13 employees.
| Issue Open | September 5, 2024 - September 17, 2024 |
| Security Name | Modern Engineering and Projects Limited |
| Issue Size (Shares) | 12,360,000 |
| Issue Size (Amount) | ₹49.44 Crores |
| Issue Price | ₹40 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of the Issue Price of Rs 40/- per Rights 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 |
| Last Date to buy shares | August 23, 2024 |
| Record Date | August 26, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | September 5, 2024 |
| Renunciation of Rights Entitlements | September 11, 2024 |
| Bid/Offer Closes On | September 17, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Modern Engineering and Projects Limited's revenue increased by 226.37% and profit after tax (PAT) rose by 44.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 35.77 | 20.79 | 3.33 |
| Revenue | 68.02 | 20.84 | 0.08 |
| Profit After Tax | -2.53 | -4.56 | -0.04 |
| Net Worth | -3.98 | -1.48 | 3.07 |
| Reserves and Surplus | 0.23 | 0.24 | 0.23 |
| Total Borrowing | 6.12 | 7.14 | |
| Amount in ₹ Crore | |||
The Company proposes to utilize the Net Proceeds towards funding the following Objects:
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Modern Engineering and Projects Limited
Unit 103 & 104, Plot 215
10th Floor, Free Press House
Nariman Point, Mumbai-400021
Phone: 912266666007
Email: info@mep.ltd
Website: https://mep.ltd/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The Modern Engineering and Projects Rights Issue 2024 opens on September 5, 2024, and closes on September 17, 2024.
Modern Engineering and Projects Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | September 11, 2024 |
| Issue Opening Date | September 5, 2024 |
| Issue Closing Date | September 17, 2024 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
Modern Engineering and Projects Rights Issue 2024 price is set at ₹40 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 (August 26, 2024).
The record date for the Modern Engineering and Projects Rights Issue 2024 is August 26, 2024.
The issue size of Modern Engineering and Projects Rights Issue 2024 is of 12,360,000 equity shares at ₹40 per share aggregating upto ₹49.44 Crores.
The Letter of Offer for Modern Engineering and Projects Rights Issue 2024 can be download here.
You can apply for Modern Engineering and Projects Rights Issue 2024 in two ways:
Steps to apply for Modern Engineering and Projects 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 Modern Engineering and Projects Rights Issue 2024 using Registrar's website (R-WAP)
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https://www.bseindia.com/corporates/download/11074/Rights/Modern%20Engineering%20DLOF_20240525190527.pdf