Let’s have a detailed review of the company and analytics of the KDDL Limited Rights Issue offer open date, Term of payment, Kamla Dials and Devices Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Issue PriceRs 230/-
Listing AtBSE, NSE
Min. Lot Size[●] Eq Shares
Record DateMARCH 31, 2021
Issue Size (Rs.)Rs 2,500 Lakhs
Shares for Issue10,86,956 Eq Shares
Rights entitlement7 Rights EQ shares for every 75 Fully paid Eq Shares.

KDDL Limited Rights Issue is listed at BSE & NSE. Check out the live share price by clicking on the below link.

Live Performance – KDDL Limited Share Price

KDDL Limited Rights Issue – Summary

KDDL Limited Rights IssueTheir Company is engaged in the manufacturing of watch components and precision engineering products. The Company has been engaged in the manufacture watch components i.e watch dials and watch hands over three decades and is considered to be one of India’s leading watch components manufacturers for others

Their company is a manufacturer of watch components and supplier to domestic and international luxury watch brands. Our watch components are manufactured at Parwanoo, Himachal Pradesh Derabassi Punjab and Bengaluru, Karnataka.

The Promoter of this company is Mr. Manish Kumar Dabkara. The lead manager to the issue is ITI Capital Limited, and the Registrar to this issue is KFin Technologies Private Limited.


KDDL Limited Rights Issue Date

The opening and the closing date of the IPO of KDDL Limited Limited are FRIDAY, APRIL 9, 2021 and FRIDAY, APRIL 23, 2021 Respectively.


Kamla Dials and Devices Ltd Rights Issue Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

KDDL Limited Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
Friday, April 9, 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights EntitlementsMonday, April 19, 2021
Issue Closing DateFriday, April 23, 2021
Finalizing the basis of allotment with the Designated Stock ExchangeTuesday, May 4, 2021
Record dateWednesday, March 31, 2021
Date of AllotmentTuesday, May 4, 2021
Credit of Shares to Demat AccountWednesday, May 5, 2021
Share Listing DateFriday, May 7, 2021

Kamla Dials and Devices Ltd Rights Issue Price

The face value of each share is Rs.10, but the Cash Price is Rs.230 per Eq share. 


KDDL Limited Rights Issue Equity Size

This Initial Public Issue of 10,86,956 Equity Shares of Rs.10 each for cash at a price of Rs.230 per equity share aggregating to Rs 2,500 Lakhs.


KDDL Limited Rights Issue – Live Performance

The listing date of this IPO is Friday, May 7, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – KDDL Limited Share Price

KDDL Limited Rights Issue – Company Overview

They believe we have an established track record of manufacturing wide range of watch components with distinctive features. They have a strong customer profile and cater to some of the leading watch manufacturing companies in India and Switzerland

The company also cater to various industries like automobile, electrical and electronics, consumer durables, industrial engineering, instrumentation, aerospace and defence industry through precision engineering product manufactured at their precision stamping division facility in Bengaluru, Karnataka and supplies critical products like electrical connectors and terminals, component of relays for aerospace application, electrical switch gears, cell phone chargers, battery and components for automobile sector etc.

Some of their key managerial personnel have more than 30 years of experience in the watch component manufacturing. They also lay a strong emphasis on our in-house human resource initiatives, by focusing on hiring, training and retaining the best talent. As on December 31, 2020, they had 1,358 permanent full-time employees at our manufacturing facilities and corporate office


Kamla Dials and Devices Ltd – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-2031-Mar-19
Total Assets65,719.8051,886.79
*Total Revenue65,834.6862,796.71
Total Expense1692450290
Profit After Tax(196.57)2,517.48

Earnings per Equity Share (in Lakhs)

30-Dec-2031-Mar-20
Basic & Diluted(1.84)(0.51)

Financial Performance: Kamla Dials and Devices Ltd

They have experienced reasonable growth in Fiscal 2018 to Fiscal 2020. Our revenue from operations increased at a CAGR of 13.86 per cent from Fiscal 2018 to Fiscal 2020.

The company has experienced turnover/Profit (loss) of Rs 65895 lakhs / Rs. ( 195 ) Lakhs for the financial year 2020. Then after for the nine months statement as of 31st December 2020 of Finincial year 2021, They had experienced a loss of (209) Lakhs. On turnover of Rs. 38636 lakhs.

The company has shown a good recovery for the Quarter 3 of the financial year 2021 with a net profit of Rs 971 Lakhs on turnover of Rs 18227 Lakhs.

Their growth strategies are subject to various uncertainties and involve risks and difficulties, many of which are beyond their control and accordingly, there can be no assurance that we will be able to implement our strategy or growth plans, or complete them within the budgeted cost and timelines.


Kamla Dials and Devices Ltd Rights Issue – Promoters

The Promoter of this company is:

  1. Mr. Rajendra Kumar Saboo,
  2. Mr. Yashovardhan Saboo.,

List of Related Parties (Key Managerial Personnel)

  • Mr. Yashovardhan Saboo , Chairman and Managing Director
  • Mr. Sanjeev Kumar Masown, Whole Time Director,
  • Mr. Jai Vardhan Saboo, Director,

KDDL Limited Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUpto 10,86,956 Equity Shares
Rights EntitlementUpto 7 Rights Equity Share(s) for every 75 fully paid-up Equity Share(s) held on the Record Date.
Record DateMarch 31, 2021
Issue Price per Rights Equity SharesRs 230.00
Issue SizeUpto 10,86,956   Equity Shares of face value of ₹ 10 each for cash at a price of Rs 230.00 per Rights Equity Share up to an amount of ₹ 2,500.00 lakhs.
Equity Shares issued, subscribed and paid up prior to the Issue1,16,50,108 Equity Shares
Equity Shares subscribed and paid-up after the IssueUpto 1,27,37,064 Equity Shares

KDDL Limited Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses

KDDL Limited Rights Issue – Business Strategy

  • Focused on deepening our relationships with brands
  • Moving up in the higher value chain
  • Becoming a pan India player through our e-commerce platforms
  • Improved focus on precision engineering

Kamla Dials Rights Issue Lead Managers

Lead Managers
ITI Capital Limited
Naman Midtown, ‘A’ Wing, 20th Floor, Senapati Bapat Marg,
Elphinstone (West), Mumbai – 400 013,
Maharashtra, India
Tel: +91 22 4031 3371 / 4031 3465
Email: kddlrights@iticapital.in
Investor Grievance Email: investorgrievance@iticapital.in
Website: www.iticapital.in
Contact Person: Pallavi Shinde/ Mihir Pandhi
SEBI Registration Number: INM000010924

KDDL Rights Issue Registrar to offer

Registrar to the Offer
KFin Technologies Private Limited
(formerly known as Karvy Fintech Private Limited)
Selenium Tower B, Plot 31 and 32, Financial District,
Nanakramguda, Serilingampally, Hyderabad, Rangareddi – 500 032,
Telangana, India
Tel: +9140 6716 2222
Toll Free No: 1800 345 4001
Email: kddl.rights@kfintech.com
Investor Grievance Email: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration Number: INR000000221

KDDL Rights Issue – Other Details

  • Statutory Auditor – M/s. S.R. Batliboi & Co. LLP, Chartered Accountants
  • Legal Counsel to the Company – M/s. Crawford Bayley & Co.
  • Bankers to the Company – IDBI Bank Limited


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    KDDL Limited Limited Rights Issue News

    News 1 – KDDL Limited Rights Issue Draft Download

    News 2 –  KDDL Limited Rights Issue Letter of Offer


    KDDL Rights Issue Review FAQs

    Where to download KDDL Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional KDDL Limited Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download Application Form for KDDL Rights Issue?

    Application forms of KDDL Limited Rights Issue can be obtained via multiple destinations. You can seek out for the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose either online or offline mode to submit it.

    How to check KDDL Rights Issue allotment date?

    We are highly oriented to provide you with end-to-end details of the KDDL Limited Rights Issue. Hence, we urge you to check out the page precisely for the allotment date. We will find a sub-section in the page, namely Rights Issue Dates, which features all necessary dates.

    What is the KDDL Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in Letter of Offer, the company proposes to sell shares at Rs.230 per Equity Share through KDDL Limited Rights Issue.

    Who is the registrar to KDDL Rights Issue?

    Registrar, as chosen by KDDL Limited is KFin Technologies Private Limited. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find registrar’s address, contact person and email id information.

    When the KDDL Limited Rights Issue is opening?

    We collected all the scattered data from Letter of Offer for our readers, to make it easy for them to easily locate the required details. As per the offer stated, the KDDL Limited Rights Issue is all set to open on Friday, April 9, 2021.

    When the KDDL Limited Rights Issue is closing?

    While, the offer would open on Friday, April 9, 2021, it is mostly likely scheduled to close on Friday, April 23, 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on KDDL Limited Rights Issue.

    What is the KDDL Limited Rights Issue size?

    KDDL Limited Rights Issue is a proposal to raise 10,86,956 Equity shares, aggregating to Rs 2,500 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value and more.

    Who is the KDDL Limited Rights Issue Lead manager?

    Designated underwriter or lead manager of KDDL Limited Rights Issue is ITI Capital Limited. We also provide you with the information you need about the lead manager, such as an address, contact person, email address and more. Such data is structured towards the end of the article.

    What are the important dates of KDDL Limited Rights Issue?

    There are a bunch of important dates regarding KDDL Limited Rights Issue, which you need to know about. The priority should be Record Date of Wednesday, March 31, 2021, which deems you eligible for investment. Rest of the dates include, opening, closing, allotment, listing and more, which are all provided in the section Rights Issue Dates.

     

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