Amal Limited, founded in 1974, is a chemical manufacturing company. The company manufactures bulk chemicals such as sulfuric acid and oleum, as well as downstream products such as sulfur dioxide and sulfur trioxide.
Amal Limited’s chemicals are used in a variety of industries and goods, including dyes, fertilizers, personal care, petrochemical, pharmaceutical, textile, and others. Given the nature of the company’s operations, they largely serve the business-to-business market.
Amal Limited is led by Mr. Sunil Lalbhai, Chairman, and Mr. Rajeev Kumar, Managing Director. They bring with them unique skills and significant knowledge in the chemical business. They are harnessing the company’s activities and propelling it forward.
The company’s manufacturing plant is based in Ankleshwar, Gujarat, and was obtained on long-term leasing land from GIDC. The product portfolio of the company comprises of:
- Sulphuric Acid
- Sulphur Dioxide and Sulphur Trioxide
- Oleum
Objects of the Issue:
The Company proposes to utilize the proceeds of this Issue towards the following objects:
- Investment in the Wholly Owned Subsidiary, viz. Amal Speciality Chemicals Limited (ASCL) for repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Wholly Owned Subsidiary;
- General Corporate Purposes.
Amal Rights Issue 2023 Detail
| Issue Open | Mar 6, 2023 – Mar 14, 2023 |
| Security Name | Amal Limited |
| Issue Size (Shares) | 2,937,662 |
| Issue Size (Amount) | ₹49.94 Crores |
| Issue Price | ₹170 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs. 170/- per Equity Share is payable on application. |
| Entitlement | 24 Rights Equity Share(s) for every 77 fully paid-up Equity Shares held on Record Date |
Amal Rights Issue 2023 Issue Timetable
| Last Date to buy shares | Feb 20, 2023 |
| Record Date | Feb 21, 2023 |
| Credit of Rights Entitlements | Mar 4, 2023 |
| Bid/Offer Opens On | Mar 6, 2023 |
| Renunciation of Rights Entitlements | Mar 8, 2023 |
| Bid/Offer Closes On | Mar 14, 2023 |
| Deemed Date of Allotment | Mar 21, 2023 |
| Credit Date | Mar 23, 2023 |
| Listing Date | Mar 24, 2023 |
Amal Limited Financial Information (Restated Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 48.38 | 31.67 | 8.80 | 34.26 | 5.65 |
| 31-Mar-22 | 100.15 | 43.79 | 1.11 | 35.35 | 51.05 |
Company Contact Information
Amal Limited
309, Veer Savarkar Marg, Opp. India United Mills,
Near Prabhadevi Telephone Exchange,
Dadar (West), Mumbai – 400 028
Phone: +91 22 62559700
Email: sec@amal.co.in
Website: https://www.amal.co.in
Amal Rights Issue 2023 Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: amal.rights@linkintime.co.in
Website: https://linkintime.co.in
Amal Rights Issue 2023 Lead Manager(s)
- Keynote Financial Services Ltd
Amal Rights Issue 2023 FAQs
Q1. When is Amal Rights Issue 2023 coming?
Ans. The Amal Rights Issue 2023 opens on Mar 6, 2023, and closes on Mar 14, 2023.
Q2. What is the schedule for Amal Rights Issue 2023?
Ans. Amal Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Mar 4, 2023 Last Date for renunciation of Rights Entitlements Mar 8, 2023 Issue Opening Date Mar 6, 2023 Issue Closing Date Mar 14, 2023 Date of Allotment (on or about) Mar 21, 2023 Date of Credit (on or about) Mar 23, 2023 Date of Listing (on or about) Mar 24, 2023
Q3. What is the issue price for Amal Rights Issue 2023?
Ans. Amal Rights Issue 2023 price is set at ₹170 per share per equity share.
Q4. In what ratio is the Amal Rights Issue 2023 offered?
Ans. The record date for the Amal Rights Issue 2023 is Feb 21, 2023.
Q5. What is the issue size of Amal Rights Issue 2023?
Ans. The issue size of Amal Rights Issue 2023 is of 2,937,662 equity shares at ₹170 per share aggregating upto ₹49.94 Crores.
Q6. Where can I get the Letter of Offer for Amal Rights Issue 2023?
Ans. The Letter of Offer for Amal Rights Issue 2023
