Lloyds Engineering Rights Issue is scheduled on 2024
Lloyds Engineering Works is a process plant equipment manufacturing company that provides engineering and infrastructure solutions. Its offerings include designing, engineering, manufacturing, fabrication, and installation of heavy equipment, as well as machinery and systems for customers in the hydrocarbon (oil & gas) sector, steel processing industries, captive power plants used in steel plants, the marine sector, ports, and nuclear power plants with heat exchangers. The company also offers services for civil construction projects.
The company operates five workshops located in Murbad, Thane. Four of these workshops hold ISO 9001:2015 certification, accredited by SGS, UK. As of 30 September 2024, the company had 303 full-time employees, including those on probation.
Promoters of Lloyds Engineering – Mukesh R. Gupta, Rajesh R. Gupta, Abha M. Gupta, Renu R. Gupta, and Lloyds Enterprises Limited (Formerly Known as Shree Global Tradefin Limited)
Lloyds Engineering Rights Issue Details
| Lloyds Engineering Rights Issue Date | Coming soon |
| Lloyds Engineering Rights Issue Price | Coming soon |
| Issue Size (in Shares) | shares |
| Issue Size (in INR) | INR crore |
| Issue Entitlement | equity shares for every equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Lloyds Engineering Rights Issue Record Date | Coming soon |
| Face Value | INR 1 per share |
| Listing On | NSE, BSE |
Lloyds Engineering Rights Issue Calculation
| Lloyds Engineering Rights Issue Price | INR per share |
| Market Price on Rights Issue Approval | INR per share |
| Dilution Factor (X) | |
| Fair Value After Dilution at Prevailing Price | INR per share |
Lloyds Engineering Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 50.10 | 312.61 | 624.24 |
| Expenses | 46.40 | 266.80 | 527.41 |
| Operating Margin (%) | 28.87 | 17.77 | 17.37 |
| Net Income | 5.95 | 36.82 | 79.84 |
| ROCE (%) | 10.0 | 29.0 | 29.0 |
Lloyds Engineering Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Funding the capital expenditure towards a replacement of the Industrial Shed’s Wall & Roof Sheeting, Repair, Restoration, and Strengthen of the entire structure, at existing workshops at Murbad, Thane – INR 39.06 crore
- Funding of acquisition of the Engineering Assets of Bhilai Engineering Corporation Limited and overhauling and refurbishment of the machineries thereof – INR 134 crore
- Funding the working capital requirements of the company – INR 336.53 crore
- Investment in the equity shares of Techno Industries Private Limited (second tranche) – INR 25 crore
- Funding of unidentified acquisition, and general corporate purposes
Lloyds Engineering Rights Offer Documents
Lloyds Engineering Rights Issue Dates
| Rights Issue Approval Date | Coming soon |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Lloyds Engineering Rights Offer Lead Manager
MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Maharashtra
Phone: +91 22 2612 3207/08
Email: [email protected]
Website:Â www.markcorporateadvisors.com
Lloyds Engineering Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200/22
Email: [email protected]
Website:Â www.bigshareonline.com
LLOYDS ENGINEERING WORKS LIMITED
A-2, Madhu Estate, 2nd Floor, Pandurang
Budhkar Marg, Lower Parel, Mumbai 400 013
Phone:Â +91-2524-222271
Email: [email protected]
Website: www.lloydsengg.in
Lloyds Engineering Rights Offer FAQs
What is the Lloyds Engineering Rights Issue Price?
The issue price is INR per share.
What is the Lloyds Engineering Rights Issue entitlement ratio?
The eligible shareholders are offered Equity Shares for every Equity Shares held on the record date.
What is the Lloyds Engineering Rights Issue Record Date?
The Record date is Coming soon.
How to Apply in Lloyds Engineering Rights Offer?
The best way to apply in Lloyds Engineering Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
