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Mercury Trade Links Ltd.
Incorporated in 1985, Mercury Trade Links Limited trades in various agro products such as fertilizers, manures, plant or animal foods, and pesticides which include insecticides, herbicides or weedicides and fungicides.
The company also deals in a wide range of agricultural produce including rice, maize, milo, seeds, cotton seeds, soybeans, ground nuts, castors, linseeds, sunflower, coconut, rapeseed, almond, sesame, mustard, sea seed, and grapeseed among others.
About Company
Issue Open
NOV 07, 2024 - Dec 05, 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 2024 Detail
Last Date to buy shares
October 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
Mercury Trade Links Rights Issue 2024 Issue Timetable
Company Financials
Period Ended
31 Mar 2024
31 Mar 2023
31 Mar 2022
Assets
19.66
0.69
0.41
Revenue
13.83
0.48
0.03
Profit After Tax
1.14
0.01
-0.10
Reserves and Surplus
8.73
0.16
0.16
Amount in ₹ Crore
Mercury Trade Links Ltd.'s revenue increased by 1751.16% and profit after tax (PAT) rose by 106.44% between the financial year ending with March 31, 2023 and March 31, 2022.
Objects of the Issue
The Company proposes to utilize the net proceeds from the issue towards funding the following objects:
- Working capital requirement;
- General Corporate Purpose; and
- To meet Issue Expenses.
Benefits of Rights Issue
The rights issue offers shares at ₹44.95, which is significantly lower than the current market price of ₹68.02, representing a discount of about 34%
- Exclusive Opportunity: Shareholders get the first chance to buy more shares at a discounted price, allowing them to increase their investment at a lower cost.
- Ownership Stability: By participating, shareholders can maintain their ownership percentage, ensuring their influence in the company stays the same.
- Potential Profit: If shareholders choose not to buy more shares, they can sell their rights in the market, potentially making a profit without risking dilution.
For Shareholders Before October 23, 2024
- Direct Entitlement: Eligible shareholders automatically receive the rights entitlement credited to their demat account.
- Discounted Purchase: They can subscribe to the rights issue at ₹44.95 per share, significantly lower than the current market price of ₹68.02.
- Flexibility: Shareholders can either:
- Use their rights entitlement to apply for the additional shares.
- Sell their rights entitlement on the market if they choose not to subscribe.
For Investors Who Bought Shares After October 23, 2024
- No Direct Eligibility: Shareholders who purchased shares after the record date will not automatically receive rights entitlements.
- Option to Buy Rights Entitlements:
- Investors can buy rights entitlements (RE) from eligible shareholders on the stock exchange during the trading window for REs.
- After purchasing the REs, they can apply for the rights shares at the issue price of ₹44.95.
- This gives them a chance to participate indirectly in the rights issue, albeit at an additional cost for acquiring the REs.
Expert Reviews
Mercury Trade Links Rights Issue 2024 Documents
Letter Of Offer
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Application Form
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