Minda Industries Rights Issue kab, kyo aur kaha

 

Minda Industries Rights Issue - kya hai poora details?


Doston,is post ke zariye hum aapko ye batayenge ki Minda Industries, jo aaj ke date me 334 (NSE) me deal ho raha hai, uske shares aapke liye kyun accha bet ho sakta hai aur kyun Minda industries me aapko nazar rakhni chahiye. JInko pata nahi unke liye main bata du ke Minda Industries Auto Industry ke lie electrical parts aur components jaise batteries, lights, moulded parts manufacture karti hai. Corona se joojh rahi auto industry me achanak aisa kya hua ke Auto Electrical components design karne waali ek company ke shares pe sabki nazar padi? Yehi bataunga main aaj is post pe. Poora post end tak padhieye aur blog ko subscribe zaroor kijiye.

 

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Rights Issue Kya hai?

Bahut seedhe shabdo mein kaha jaye to rights issue ek tareeka hai cash strapped companies ke liye cash uthane ka, market se. Rights issue ka matlab hai ki company, unke existing shareholders ko rights de rahi hai, ek future date me company ke shares ko discounted rate me kharidne ke liye. Koi company is ko tabhi use karti hai jab uske paas funds ki kami ho, ya to uske pass debt chukane ke liye paisa nahi hai, ya fir wo koi aisa expansion karna chahta hai, koi naya plant daalna chahta hai jiske liye wo market se paisa nahi utha sakta. INhi halaat me koi company Rights Issue karti hai. Lekin rights isue karne ke baad, share prices niche aana lazmi hai, kyunki company ne khud future date me ek discounted price pe shares dene ka announcement kiya hai. Isse existing share holders ko koi loss nahi hota kyun ki unko extra shares ke rights de diya jaata hai. Lekin agar aap Mind ame investment kar chuke ho, to aapke liye kya sahi hoga? Aur kya is dauran aapko MInda ke shares lene chahiye? Poora post padhiyee aur insab analysis ke baare me detail me jaaniye.

 

Minda Rights Issue Details

MInda Industries, Uno Minda Enterprises ka ek subsidiary hai. Equirus capital aur Axix capital is rights issue ke lead managers hai, ab aayie dekhte hai ki is rights issues ke details kya kya hai.

 

Issue date

Is rights issue ka Submission date start hota hai 25th August ko, aur iska submission continue hoga 8th September tak. Jo shareholders iske liye eligible hai unko 24th August tak intimate kar diya jayega. Shares credit honge 18th September ko aur baaki fully paid equity shares ke saath merege honge, 22nd september ke baad se fir se normal trading chalu ho jayega.

 

Number of Rights Equity Shares

Total number of rights equity shares proposed to be issued are 97,11,739 fully paid equity share of face value of Rs 2 each. Outstanding equity shares after the rights issue would be 27,19,28,704 equity shares assuming full subscription to the issue.

 

Issue Price and Terms of Payment:

Minda has fixed the issue price at Rs 250 per equity share (including a premium of Rs 248 per share over face value of Rs 2 per share), which is at 26.8 percent discount to August 21's closing price of Rs 341.50 per share. Investors will have to make full payment on application.

 

Issue Size

The company plans to raise up to Rs 242,79,34,750 including securities premium of Rs 240,85,11,272 via rights issue.

 

Rights Entitlement Ratio:

One fully paid-up equity share for every 27 equity shares held by eligible shareholders of the company as on the record date which was August 17.

Market Renunciation Date

Last date for on market renunciation would be September 3, 2020

 

Withdrawal of Application

An investor who has applied in this issue may withdraw their application at any time during issue period by approaching the Self Certified Syndicate Bank (SCSB) where application is submitted or sending the e-mail withdrawal request to mil.rights@linkintime.co.in in case of application through R-WAP facility. However, no investor, whether applying through ASBA facility or R-WAP facility, may withdraw their application post the issue closing date.

 

Objects of the Issue

Company will use issue proceeds for repayment and/or prepayment of all or of a portion of the principal and / or interest of certain borrowings; investment in joint venture Toyoda Gosei Minda India; and general corporate purposes.

 

Participation in Issue by Promoters

Promoter, Nirmal Kumar Minda and members of promoter group have undertaken to (i) subscribe to the full extent of their Rights Entitlements; (ii) not renounce their Rights Entitlements (except to the extent of Rights Entitlements renounced by any of them in favour of any other member(s) of the promoter and promoter group); (iii) subscribe to rights equity shares for the Rights Entitlements, if any, which are renounced in their favour by any other member(s) of the promoter and promoter group; and (iv) subscribe to additional Rights Equity Shares and to any unsubscribed portion in this issue, subject to compliance with the minimum public shareholding requirements. Currently promoters hold 70.79 percent stake in the company and the rest is held by public.

Financials:

Minda Industries reported a 45.7 percent decline in FY20 profit at Rs 154.95 crore against Rs 285.62 crore in FY19. Revenue from operations in full year fell 7.5 percent to Rs 5,465.14 crore compared to previous year. In June quarter 2020, company posted loss at Rs 119 crore against profit at Rs 56 crore in same period last year, and revenue fell sharply by 71 percent to Rs 417 crore YoY amid COVID-19 crisis globally.

Analysis

Upar ke discussion se clear hai ke MInda industries ka financials ka halat accha nahi hai, covid ke wajah se jo losses hue hai auto industry ko, uska direct impact in ancillary companies ko bhi hua hai. Aur is wajah se shayad wo market se paisa bhi nahi utha sakte, unke debts ko chukane ke liye RIghts Issues ka hi rasta reh gaya tha. Magar yaad rakhiye ki RIghts issue ka price 250/share hai aur 24th August ke end tak 344 INR jaake pahucha hai. Trends ke anusaar, share prices automatically 250 INr per share ke ass pass jaana chahiye, aur iska matlab ye ho sakta hai ke aane waalon dino me share prices niche jaa sakte hai, lekin kam paise me rights uthane ke liye aaj kharidari hui hogi taaki rights ka eligibility criteria meet ho sake, isliyee aaj shares ka price badha hoga, lekin kal se investors ko thoda cautious rehna padega kyun ki 25th ko submission chalu hoga Rights Issues ke liye. Aur agar is dauran price 250 ke aas pass bhi gaya, to kya khareedna sahi hoga? India aur duniya ke COvid situation me kaafi sudhar aane ke chances hai, Vaccine bhi October end tak aane ke bahut chances hai aur isko dhyan me rakhte hue auto sector me positive trend aa sakta hai, aur tabke liye Minda Industries ek acha buy ho sakta hai.

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