The Til Limited date has been confirmed from April 26, 2024 – May 10, 2024. Read the post to learn about Til Limited Developers IPO.
The Til Limited Developers IPO is a fixed issue size of ₹49.07 Crores. The company operates two plants in Eastern India: a mobile crane manufacturing facility in Kamarhatty, Kolkata, and an ERP-enabled factory in Kharagpur. Both factories are ISO 9001:2015 and DIN EN ISO 3834-2 certified, which are worldwide quality management system standards.
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Key Details Of Til Limited Developers IPO:
Bidding Dates
Apr 26-May 6
Issue Size
₹49.07 Crores
Face Value
₹10 per share
Record Date
March 22, 2024
Til Limited Developers IPO Record Date
The Til Limited Record Date is March 22, 2024.
IPO Overview
Established in 1944, TIL Limited designs, manufactures, and distributes a wide range of material handling and port equipment. The company operates two plants in Eastern India: a mobile crane manufacturing facility in Kamarhatty, Kolkata, and an ERP-enabled factory in Kharagpur. Both factories are ISO 9001:2015 and DIN EN ISO 3834-2 certified, which are worldwide quality management system standards.
The company’s product line includes rough terrain cranes, truck cranes, pick-and-carry cranes, Manitowoc crawler cranes, Grove cranes, reach stackers and forklift trucks. TIL is headquartered in Kolkata and has regional offices in major cities throughout India.
Til Limited Rights Issue Detail
| Issue Open | April 26, 2024 – May 10, 2024 |
| Security Name | Til Ltd. |
| Issue Size (Shares) | 49,070,000 |
| Issue Size (Amount) | ₹49.07 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price being ₹ 10 will be payable on application. |
| Entitlement | 28 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Til Limited Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 350.22 | 379.77 | 736.60 |
| Revenue | 50.53 | 77.13 | 320.51 |
| Profit After Tax | -91.02 | -431.17 | -68.48 |
| Amount in ₹ Crore | |||
Til Limited IPO Timeline
| Last Date to buy shares | March 21, 2024 |
| Record Date | March 22, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 26, 2024 |
| Renunciation of Rights Entitlements | May 6, 2024 |
| Bid/Offer Closes On | May 10, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The company intends to utilize the gross proceeds raised through the Issue for the following objects:
- Funding incremental working capital requirements of the Company;
- General corporate purposes
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 | Til Ltd |
| Phone number | +91 33 6633 2000 |
| Email ID | [email protected] |
| Website | tilindia.in |
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.
Til Limited IPO FAQs
What is the issue price for TIL Rights Issue 2024?
TIL Rights Issue 2024 price is set at ₹10 per share per equity share.
In what ratio is the TIL Rights Issue 2024 offered?
The eligible shareholders are being offered 28 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (March 22, 2024).
What is the record date for TIL Rights Issue 2024?
The record date for the TIL Rights Issue 2024 is March 22, 2024.
What is the issue size of TIL Rights Issue 2024?
The issue size of TIL Rights Issue 2024 is of 49,070,000 equity shares at ₹10 per share aggregating upto ₹49.07 Crores.
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