Share the post "Modern Engineering And Projects’s IPO Launches Rights Issue 05-09-2024!"
Modern Engineering And Projects IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 05 Sep 2024 to 17 Sep 2024 , with a market lot of 1 shares. This call notice includes , covering ₹10.00 towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | MODERN ENGINEERING AND PROJECTS LTD |
|---|---|
| Offer Price () | 40.00 |
| Face Value | 10.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 05 Sep 2024 to 17 Sep 2024 |
| Issue Size – No.of Shares | 1,23,60,000 |
| Price (Inclusive Of Premium) | 40.00 |
| Market Lot | 1 |
| Registrar | Purva Sharegistry (India) Private Limited |
| Remarks | Notice no.:20240903-47 |
| Notes | This issue of up to 1,23,60,000 fully paid-up Equity Shares of face value of Rs.10/- each of the Company for cash at a price of Rs.40 (including a premium of Rs.30 per Rights Equity Share) aggregating up to Rs.4944.00 Lacs on a rights basis to the Eligible Equity Shareholders of the Company in the ratio of four (4) Rights Equity Share for every one (1) fully paid-up Equity Share held by the Eligible Equity Shareholders on the Record Date i.e. August 26, 2024. |
Modern Engineering And Projects IPO opens on 05-09-2024, and closes on 17-09-2024
| Start Date | 05-09-2024 |
|---|---|
| End Date | 17-09-2024 |
| Issue Period | 05 Sep 2024 to 17 Sep 2024 |
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