MINDA INDUSTRIES LTD

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Rights Issue · IPO Guide

RI Price

₹250

Subscription

0.00x

Expert Rating

Neutral

Company has good financials, as per FY20 P/E is 93.32 and RoE 6.09. The difference between CMP and right issue price is around 13%, also its aggressively priced, so we give NEUTRAL rating to this right issue.

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Period	Total Income	Total Expenses	Profit After Tax (PAT)
FY20	5,504.39	5,238.08	186.15
FY19	5,935.12	5,480.44	338.80
FY18	4,581.64	4,214.41	336.17
FY17	3,679.18	3,467.29	182.00
FY16	2,527.34	2,382.12	111.13

Record Date	Aug 17, 2020
Start Date	Aug 25, 2020
Close Date	Sep 08, 2020
Allotment Date	Sep 18, 2020
Listing Date	—
RI Price	Rs 250/- Per Equity Share
Entitlement Ratio	1:27
Lead Manager	EQUIRUS CAPITAL PRIVATE LIMITED, AXIS CAPITAL LIMITED

MINDA INDUSTRIES LTD

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