Hilton Metal Forging Limited is a forged engineering component manufacturer located in India. The company builds steel forgings, flanges, and forged fittings for the oil and gas, petrochemical, and refinery industries. Forging components that include flanges and forged fittings are the Company’s main business.
Its main products are forging and metal. Engineered parts, stainless steel flanges, high pressure flanges, crankshaft, body bonnets, hydraulic fittings, forged components, Christmas tree components, top deck cover, stub ends, threaded flanges, blind flanges, weld neck flanges, and socket welded flanges are among the company’s goods. Steel-forged flanges, fittings, oilfields, and marine goods are distributed by the company for both domestic and foreign markets.
The factory of Hilton Metal Forging Limited is located in Maharashtra. Additionally, the organization has complete in-house quality control and laboratory facilities. Hilton is the first MSME to create and successfully deliver a 100% indigenous product, Railway Wheel. The government has awarded 90,000 wagon orders to companies like Titagarh Waggons / Texmaco and other renowned wagon manufacturers, who will require a large quantity of wheelset assembly in the next three years.
Objects of the Issue:
The company proposes to utilize the Net Proceeds towards the following objects:
- Working Capital Requirements.
- General Corporate Purposes.
Hilton Metal Forging Rights Issue 2022 Detail
| Issue Open | Nov 3, 2022 – Nov 11, 2022 |
| Security Name | Hilton Metal Forging Ltd |
| Issue Size (Shares) | 6,000,000 |
| Issue Size (Amount) | ₹33.00 Crores |
| Issue Price | ₹55 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The fuull amount of Rs 55 per share has to be paid at the time of Application. |
| Entitlement | 2 Equity Shares for every 5 Equity Shares held on the Record Date |
Hilton Metal Forging Rights Issue 2022 Issue Timetable
| Record Date | Oct 20, 2022 |
| Credit of Rights Entitlements | Oct 31, 2022 |
| Bid/Offer Opens On | Nov 3, 2022 |
| Renunciation of Rights Entitlements | Nov 4, 2022 |
| Bid/Offer Closes On | Nov 11, 2022 |
| Deemed Date of Allotment | Nov 21, 2022 |
| Credit Date | Nov 25, 2022 |
| Listing Date | Nov 30, 2022 |
Hilton Metal Forging Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 112.99 | 47.7 | -19.57 |
| 31-Mar-22 | 114.02 | 84.19 | 1.76 |
Company Contact Information
Hilton Metal Forging Ltd
204, Tanishka Building,
Akurli Road, Kandivali
East, Mumbai – 400101
Phone: 022 4042 6565
Email: [email protected]
Website: https://www.hiltonmetal.com
Hilton Metal Forging Rights Issue 2022 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com
Hilton Metal Forging Rights Issue 2022 Lead Manager(s)
- Kunvarji Finstock Pvt Ltd
Hilton Metal Forging Rights Issue 2022 FAQs
Q1. When is Hilton Metal Forging Rights Issue 2022 coming?
Ans. The Hilton Metal Forging Rights Issue 2022 opens on Nov 3, 2022, and closes on Nov 11, 2022.
Q2. What is the schedule for Hilton Metal Forging Rights Issue 2022?
Ans. Hilton Metal Forging Rights Issue 2022 Schedule: Last Date for credit of Rights Entitlements Oct 31, 2022 Last Date for renunciation of Rights Entitlements Nov 4, 2022 Issue Opening Date Nov 3, 2022 Issue Closing Date Nov 11, 2022 Date of Allotment (on or about) Nov 21, 2022 Date of Credit (on or about) Nov 25, 2022 Date of Listing (on or about) Nov 30, 2022
Q3. What is the issue price for Hilton Metal Forging Rights Issue 2022?
Ans. Hilton Metal Forging Rights Issue 2022 price is set at ₹55 per share per equity share.
Q4. In what ratio is the Hilton Metal Forging Rights Issue 2022 offered?
Ans. The eligible shareholders are being offered 2 Equity Shares for every 5 Equity Shares held on the Record Date (Oct 20, 2022).
Q5. What is the record date for Hilton Metal Forging Rights Issue 2022?
Ans. The record date for the Hilton Metal Forging Rights Issue 2022 is Oct 20, 2022.
Q6. What is the issue size of Hilton Metal Forging Rights Issue 2022?
Ans. The issue size of Hilton Metal Forging Rights Issue 2022 is of 6,000,000 equity shares at ₹55 per share aggregating upto ₹33.00 Crores.
Q7. Where can I get the Letter of Offer for Hilton Metal Forging Rights Issue 2022?
Ans. The Letter of Offer for Hilton Metal Forging Rights Issue 2022.
Q8. How to apply for Hilton Metal Forging Rights Issue 2022?
Ans. You can apply for Hilton Metal Forging Rights Issue 2022 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Hilton Metal Forging Rights Issue 2022 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Hilton Metal Forging Rights Issue 2022 available on the list.
- Click the Apply button next to the Hilton Metal Forging Rights Issue 2022.
- Fill and check your information.
- Submit the application.
Steps to apply for Hilton Metal Forging Rights Issue 2022 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Hilton Metal Forging Rights Issue 2022 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
