The Modern Engineering and Projects rights issue will open on September 5, 2024, and will close on September 17, 2024. Notably, the record date is August 26, 2024. The company will offer 12,360,000 equity shares at ₹40 each, which totals ₹49.44 Crores. Furthermore, the entitlement ratio is set at 4:1, enabling shareholders to purchase 4 rights shares for every 1 fully paid share they hold on the record date.
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Modern Engineering and Projects Limited Company Details
Modern Engineering and Projects Limited is an Indian company listed on the Bombay Stock Exchange. The company specializes in the construction and development of crucial infrastructure across India. Specifically, it operates projects executed under Build, Operate, and Transfer (BOT) and Hybrid Annuity Mode (HAM) models, which are entrusted by the National Highways Authority of India (NHAI). By delivering cutting-edge, sustainable, and high-quality solutions, Modern Engineering aims to build superior infrastructure for future generations. Consequently, it seeks to contribute significantly to India’s development and progress. Furthermore, through its commitment to excellence, innovation, environmental conservation, and social responsibility, the company aspires to be a significant partner in India’s developmental journey, contributing to the enhancement of people’s economic welfare.
The company offers a comprehensive range of services, including engineering design, project planning, and market studies. Additionally, it prepares feasibility reports and manages projects effectively. Furthermore, the company provides architectural and construction engineering, along with project commissioning. Moreover, it supports operations and maintenance while offering special advisory services.
Rights Issue Overview
| Overview Points | Description |
|---|---|
| Security Name | Modern Engineering and Projects Limited |
| Issue Open | September 5, 2024 |
| Issue Close | September 17, 2024 |
| Rights Issue Size | ₹49.44 Crores (12,360,000 Equity Shares) |
| Price Band | ₹40 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
| Listing on | BSE |
| Entitlement Ratio | 4:1 (4 rights share for every 1 shares) |
| Letter of Offer | Click Here |
Key Dates
| Event | Date |
|---|---|
| Rights Issue Open | September 5, 2024 |
| Rights Issue Close | September 17, 2024 |
| Rights Record Date | August 26, 2024 |
| Last Date to Buy Shares | August 23, 2024 |
| Deemed Date of Allotment | N/A |
| Renunciation of Rights Entitlements | September 11, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | ₹35.77 | ₹20.79 | ₹3.33 |
| Revenue | ₹68.02 | ₹20.84 | ₹0.08 |
| Profit After Tax | ₹-2.53 | ₹-4.56 | ₹-0.04 |
| Net Worth | ₹-3.98 | ₹-1.48 | ₹3.07 |
| Reserves and Surplus | ₹0.23 | ₹0.24 | ₹0.23 |
Modern Engineering and Projects Rights Issue Form & How to Apply
You can apply for Modern Engineering and Projects Rights Issue in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Modern Engineering and Projects Rights Issue Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: + 91- 022-4961 4132
Email: newissue@purvashare.com
Website: www.purvashare.com
Modern Engineering and Projects Rights Issue Contact
MODERN ENGINEERING AND PROJECTS LIMITED
103/4, Plot 215, Free Press House,
FL-10 Free Press Journal Marg,
Nariman Point, Mumbai 400 021, Maharashtra
Phone: +91 66666007
Email: cs@mep.ltd
Website: www.mep.ltd
FAQs
The issue price is ₹40 per share.
Eligible shareholders are offered 4 equity shares for every 1 equity share held on the record date.
The record date is August 26, 2024.
To apply for the Modern Engineering Rights Offer, you can use Internet banking ASBA for the most convenient method. Alternatively, you can apply online through your stock broker using UPI. If you prefer a paper application, complete the application form and submit it to your broker.
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