The Mitcon Consultancy & Engineering Services Limited date has been confirmed from June 28, 2024 – July 26, 2024.
Established in 1982, MITCON Consultancy and Engineering Services Limited is a technical consulting organization (TCO) providing solutions from conception to commissioning. MITCON has completed more than 18,000 consulting assignments in more than 50 countries in Asia, the Middle East and Africa and trained more than 25 Lakh individuals under various government and non-government skill development and entrepreneurship programs, with a record 75% placement rate.
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Key Details Of Mitcon Consultancy & Engineering Services Limited
Bidding Dates
June 28 – July 26
Issue Size
₹32.23 Crores
Face Value
₹10 per share
Record Date
June 20, 2024
Mitcon Consultancy & Engineering Services Limited Record Date
The Mitcon Consultancy & Engineering Services Limited Record Date is June 20, 2024.
IPO Overview
The Mitcon Rights Issue 2024 opens on June 28, 2024, and closes on July 26, 2024. The eligible shareholders are being offered 6 Rights Equity Share(s) for every 19 fully paid-up Equity Shares held on Record Date (June 20, 2024). The record date for the Mitcon Rights Issue 2024 is June 20, 2024.
Mitcon Consultancy & Engineering Services Limited Rights Issue Detail
| Issue Open | June 28, 2024 – July 26, 2024 |
| Security Name | Mitcon Consultancy & Engineering Services Limited |
| Issue Size (Shares) | 4,241,321 |
| Issue Size (Amount) | ₹32.23 Crores |
| Issue Price | ₹76 per share |
| Face Value | ₹10 per share |
| Listing At | NSE |
| Terms of Payment | Rs. 19 on application. Rs. 57 in one or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time. |
| Entitlement | 6 Rights Equity Share(s) for every 19 fully paid-up Equity Shares held on Record Date |
Mitcon Consultancy & Engineering Services Limited Rights Issue 2024 Issue Timetable
| Last Date to buy shares | June 19, 2024 |
| Record Date | June 20, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | June 28, 2024 |
| Renunciation of Rights Entitlements | June 22, 2024 |
| Bid/Offer Closes On | July 26, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Mitcon Consultancy & Engineering Services Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 311.93 | 247.70 | 216.86 |
| Revenue | 133.16 | 85.75 | 107.76 |
| Profit After Tax | 5.63 | 3.80 | 1.50 |
| Amount in ₹ Crore | |||
Company Profile
MITCON Consultancy & Engineering Services Limited was established in 1982 in Pune. It is a well-known Indian Technical Consulting Organization (TCO) that provides a comprehensive solution for all your technical, marketing, and financial business needs.
We are a certified ISO 9001:2015 company and are registered with SBTi. Additionally, we are listed on the NSE, and our headquarters are located in Pune, India. To date, we have successfully completed over 18,000 consulting assignments across more than 100 business sectors.
We have also trained over 2.5 million individuals through various government and non-government skill development and entrepreneurship programs, achieving an impressive 75% placement rate.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Mitcon Consultancy & Engineering Services Limited |
| Phone number | +912066289100 |
| Email ID | [email protected] |
| Website | mitconindia.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Mitcon Consultancy & Engineering Services Limited IPO FAQs
What is the issue price for Mitcon Rights Issue 2024?
Mitcon Rights Issue 2024 price is set at ₹76 per share per equity share.
In what ratio is the Mitcon Rights Issue 2024 offered?
The eligible shareholders are being offered 6 Rights Equity Share(s) for every 19 fully paid-up Equity Shares held on Record Date (June 20, 2024).
What is the record date for Mitcon Rights Issue 2024?
The record date for the Mitcon Rights Issue 2024 is June 20, 2024.
What is the issue size of Mitcon Rights Issue 2024?
The issue size of Mitcon Rights Issue 2024 is of 4,241,321 equity shares at ₹76 per share aggregating upto ₹32.23 Crores.
