Mercury Trade Links Rights Issue is scheduled on 7 Nov – 5 Dec 2024
Mercury Trade Links is involved in trading agricultural commodities like wheat, rice, maize, and vegetables such as capsicum, onions, tomatoes, and potatoes, along with other agricultural products. The company procures these products from manufacturers, either through advance payment or based on agreed terms, and then sells them to its network of distributors.
The company’s primary objectives have shifted to focus on being sellers, traders, merchants, importers, exporters, brokers, agents, investors, stockists, distributors, and dealers of various goods. This includes engineering products, agricultural produce, food articles, forest products, paper products, minerals, metals (such as gold, silver, and platinum), industrial waste, spare parts, natural and synthetic fibers, textiles, jute and its products, cement, chemicals, building materials, vehicle parts, machine components, plastic and electronic parts, bullion, precious stones, artwork, antiques, curios, and jewelry. The company aims to operate across India.
Promoters of the Mercury Trade Links – Pareshkumar Vasantray Sheth
Mercury Trade Links Rights Issue Details
| Mercury Trade Links Rights Issue Date | 7 Nov – 5 Dec 2024 |
| Mercury Trade Links Rights Issue Price | INR 44.95 per share |
| Issue Size (in Shares) | 1,08,90,000 shares |
| Issue Size (in INR) | INR 48.95 crore |
| Issue Entitlement | 4 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Mercury Trade Links Rights Issue Record Date | 24 October 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Mercury Trade Links Rights Issue Calculation
| Mercury Trade Links Rights Issue Price | INR 44.95 per share |
| Market Price on Rights Issue Approval | INR 73.44 per share |
| Dilution Factor (X) | 5 |
| Fair Value After Dilution at Prevailing Price | INR 50.65 per share |
Mercury Trade Links Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | (0) | (0.48) | 13.83 |
| Expenses | 0.12 | 0.47 | 12.41 |
| OPM (%) | – | 2.08 | 10.27 |
| Net income | (0.10) | 0.01 | 1.14 |
| ROCE (%) | (19.78) | (0) | 23.61 |
Mercury Trade Links Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- Working capital requirement
- To meet Issue Expenses
- General Corporate Purposes
Mercury Trade Links Rights Offer Documents
Mercury Trade Links Rights Issue Dates
| Rights Issue Approval Date | 18 October 2024 |
| Rights Issue Record Date | 24 October 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 7 November 2024 |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | 5 December 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Mercury Trade Links Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email: [email protected]
Website:Â www.linkintime.co.in
MERCURY TRADE LINKS LIMITED
C-1211, Swati Trinity, Applewoods, Shela,
Shela, Ahmedabad, Daskroi, Gujarat, India, 380058
Phone:Â +91 72041 41127
E-mail: [email protected]
Website:Â www.mercurytradelinks.co.in
Mercury Trade Links Rights Offer FAQs
What is the Mercury Trade Links Rights Issue Price?
The issue price is INR 44.95 per share.
What is the Mercury Trade Links Rights Issue entitlement ratio?
The eligible shareholders are offered 4 Equity Shares for every 1 Equity Shares held on the record date.
What is the Mercury Trade Links Rights Issue Record Date?
The Record date is 24 October 2024.
How to Apply in the Mercury Trade Links Rights Offer?
The best way to apply in the Mercury Trade Links 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.
