Let’s have a detailed review of the company and analytics of the Mohindra Fasteners Rights Issue offer open date, Term of payment, Mohindra Fasteners 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 [●]
Listing AtMSEI
Min. Lot Size[●] Eq Shares
Record Date[●]
Issue Size (Rs.)Rs 4,82,11,200 Cr.
Shares for Issue[●] Eq Shares
Rights entitlement[●] Rights Equity Shares for every [●] fully paid-up Equity Share
held on the Record Date

Mohindra Fasteners Rights Issue is listed at MSEI. Check out the live share price by clicking on the below link.

Live Performance – Mohindra Fasteners Share Price

Mohindra Fasteners Rights Issue – Summary

Mohindra Fasteners Rights IssueMOHINDRA FASTENERS LIMITED (MFL) was incorporated as a Public Limited Company on 10th January 1995 under the Companies Act, 1956. The Certificate of Commencement of business was obtained by the Company on 22nd February 1995 and it began the commercial production at the beginning of 1997.

Over the years, it has successfully emerged as a name to reckon with in the Indian Fastener industry. The company offers a wide range of cold and hot forged fasteners and precision machined components for automotive and industrial applications.

The Promoter of this company is DEEPAK ARNEJA, RAVINDER MOHAN JUNEJA, RANBIR SINGH NARANG, SUDHIR ARNEJA, ANURAG ARNEJA. The lead manager to the issue is Intellicity Capital Advisers Private Limited, and the Registrar to this issue is Skyline Financial Services Pvt. Ltd.


Mohindra Fasteners Rights Issue Date

The opening and the closing date of the IPO of Mohindra Fasteners Limited are [●] and [●] respectively.


Mohindra Fasteners Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

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.

Mohindra Fasteners Rights Issue Dates

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

Issue Opening Date
[●]
Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements[●]
Issue Closing Date[●]
Finalizing the basis of allotment with the Designated Stock Exchange[●]
Record date[●]
Date of Allotment[●]
Credit of Shares to Demat Account[●]
Share Listing Date[●]

Mohindra Fasteners Rights Issue Price

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


Mohindra Fasteners Rights Issue Equity Size

This Initial Public Issue of X Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs 4,82,11,200 Cr.


Mohindra Fasteners Rights Issue – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Mohindra Fasteners Share Price

Mohindra Fasteners Rights Issue – Company Overview

The Company has categorized its wide range of products under two industry verticals comprising of Standard / Norm Parts as per various standards Drawing / Print / Customized Parts

A wide assortment of standard products as per relevant National/International standards are produced and made available to customers worldwide, meeting customers’ requirements of cost, quality and time effectively. Additionally, special/customized parts are made as per customer’s request(s) which find their application in various industrial/automotive/railway and other light engineering requirements.

With the help of the state of the art machinery, CNC Machines along with other related infrastructure, and qualified & experienced, and dedicated personnel, MFL offers a single-window package providing fastening solutions for all kinds of Fasteners and machined components’ requirements of the customer.

MFL manufactures fasteners in various materials such as Steel, Stainless steel, Brass, and Ball bearing Steel.


Mohindra Fasteners Rights Issue – 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-2131-Mar-20
Total Assets10608.629510.92
*Total Revenue10838.5410417.39
Total Expense9458.019208.22
Profit After Tax1038.06936.77

Earnings per Equity Share (in Lakhs)

31-Mar-2131-Mar-20
Basic19.3817.49
Diluted19.3817.49

 


Mohindra Fasteners Rights Issue – Promoters

The Promoters of this company are:

  1. DEEPAK ARNEJA,
  2. RAVINDER MOHAN JUNEJA,
  3. RANBIR SINGH NARANG,
  4. SUDHIR ARNEJA,
  5. ANURAG ARNEJA

List of Related Parties (Key Managerial Personnel)

  • Deepak Arneja, Chairman cum Managing Director & CEO
  • Ravinder Mohan Juneja, Managing Director
  • Gagandeep Singh Narang, Non-executive Director
  • Vinod Kumar, Independent Director
  • Ved Prakash Chaudhry, Independent Director
  • Shamoli Thakur, Independent Director

Mohindra Fasteners Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to [●] Equity Share
Rights Entitlement[●] Rights Equity Shares for every [●] fully paid-up Equity Share
held on the Record Date
Record Date[●]
Issue Price per Rights Equity ShareRs.[●]/-
Issue Size Rs 4,82,11,200 Cr
Equity Shares issued, subscribed, and paid up prior to the Issue[●] Equity Share
Equity Share subscribed and paid up after the IssueUp to [●] Equity Shares

Mohindra Fasteners Rights Issue Object

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

1. To undertake the existing activities and the activities for which the funds are being raised through the Issue.

2. To meet the funding needs of the expansion plan i.e. Green Field Project coming up at IMT Rohtak, Haryana.

Mohindra Fasteners Rights Issue – Business Strategy

  • Carry on the business of manufactures, importers, exporters, buyers, sellers, distributors, agents and otherwise dealers in all kinds of nuts, bolts, all types of hardware items made of steel, metal malleable grey casting including ferrous, nonferrous, special, and alloy steel, spring steel, forging steel and any other alloys and metal.
  • Manufacture or deal in job work of all kinds of forging, special fasteners, special turned components, drilling, milling, grinding, turning, threading, knitting, facing, undercutting, tools and dies for cold and hot forged components, diesel engine parts, auto parts, and all other special fasteners components.
  • Manufacture and/or cold drawing of all types of wires and wires product(s) in all sizes and in all grades of steel, ferrous and Nonferrous metals.
  • Carry on the business as manufacturers and dealers in wire nails, wire drawing, and galvanizing, electroplating, packing, and phosphating stranded wires, hardened wires, wood screws, and all other kinds of wires whether made of steel or otherwise, and wire products.

Mohindra Fasteners Rights Issue Lead Managers

Lead Managers
Intellicity Capital Advisers Private Limited
Plot No.-93 Pocket-2, First Floor, Jasola,
Near DAV Public School, Delhi-110025
Email Id- info@intellicitycapital.com
SEBI Registered Category I Merchant Banker
SEBI Registration No: INM000012777
Telephone: +011-46377700
Investor grievance E-mail: investorsrelation@intellicitycapital.com
Website: www.intellicitycapital.com
Contact Person: Mr. Govind Roy

Mohindra Fasteners Rights Issue Registrar to offer

Registrar to the Offer
Skyline Financial Services Pvt. Ltd.
D-153/A, 1st Floor, Okhla Industrial Area
Phase-I, New Delhi- 110020
Phone No- 011- 40450193-97
Email: admin@skylinerta.com
Website: www.skylinerta.com
Contact Person: Mr. Virender Rana
SEBI Registration No.: INR000003241

Mohindra Fasteners Rights Issue – Other Details

  • Statutory Auditor – M/s B. L. Khandelwal & Co, Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company – ICICI Bank Limited


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    Mohindra Fasteners Limited Rights Issue News

    News 1 – Mohindra Fasteners Rights Issue Draft Download

    News 2 –  Mohindra Fasteners Rights Issue Letter of Offer


    Mohindra Fasteners Rights Issue Review FAQs

    Where to download Mohindra Fasteners Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Mohindra Fasteners 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 the Application Form for Mohindra Fasteners Rights Issue?

    Application forms of Mohindra Fasteners 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 Mohindra Fasteners Rights Issue allotment date?

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

    What is the Mohindra Fasteners 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 the Letter of Offer, the company proposes to sell shares at Rs.NA per Equity Share through Mohindra Fasteners Rights Issue.

    Who is the registrar to Mohindra Fasteners Rights Issue?

    Registrar, as chosen by Mohindra Fasteners is Skyline Financial Services Pvt. Ltd. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Mohindra Fasteners Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Mohindra Fasteners Rights Issue is all set to open on NA.

    When the Mohindra Fasteners Rights Issue is closing?

    While the offer would open on NA, it is mostly likely scheduled to close on NA. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Mohindra Fasteners Rights Issue.

    What is the Mohindra Fasteners Rights Issue size?

    Mohindra Fasteners Rights Issue is a proposal to raise NA Equity shares, aggregating to Rs 4,82,11,200 Cr, 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 Mohindra Fasteners Rights Issue Lead manager?

    A designated underwriter or lead manager of Mohindra Fasteners Rights Issue is Intellicity Capital Advisers Private Limited. They 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 the Mohindra Fasteners Rights Issue?

    There are a bunch of important dates regarding the Mohindra Fasteners Rights Issue, which you need to know about. The priority should be the Record Date of NA., which deems you eligible for investment. The 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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