Iel Rights Issue 2024 Offer Details
| Iel Rights Issue Date: | 4 to 21 February 2025 |
| Rights Issue Size (in INR): | Approx ₹44.56 Crores |
| Rights Issue Size (in Shares): | 10,01,28,990 Equity Share |
| Issue Price: | ₹4.45 Per Equity Share |
| Face Value: | ₹1 Per Equity Share |
| Listing on: | BSE |
| BSE Code: | 524614 |
| NSE Code: | Book Built Issue |
| Issue Entitlement Ratio: | 3:1 (3 rights share for every 1 shares held on record date) |
| Payment Terms | Fully payable at the time of application |
| Employee Discount: | ₹[.] per share |
Iel Rights Issue 2024 Offer Documents
| Letter of Offer: | Click Here |
| Application Form: | Click Here |
| Live Share Price | Click Here |
Iel Rights Issue 2024 Dates | Time Table
| Last Date to buy shares: | 16 January 2025 |
| Rights Issue Record Date: | 17 January 2025 |
| Credit of Rights Entitlements: | – |
| Issue Offer Opens On: | 4 February 2025 |
| Renunciation of Rights Entitlements: | 17 February 2025 |
| Issue Offer Closes On: | 21 February 2025 |
| Basis of Allotment Date: | 2025 |
| Credit Date: | 2025 |
| Listing Date: | 2025 |
Iel Rights Issue Calculation
| Rights Issue Price: | ₹4.45 per share |
| Market Price on Rights Issue Approval: | ₹6.28 per share |
| Dilution Factor (X): | 4 |
| Fair Value After Dilution at Prevailing Price: | ₹4.91 per share |
How to Apply for Iel Rights Issue
- Net Banking (ASBA Method)
- Registrar’s Website (R-WAP)
About Iel
IEL Limited is an India India-based company, with headquarters in Ahmedabad, Gujrat, and has a business of developing, exporting, and trading chemicals and commodities. Moreover, it has also a business of expanding into warehousing and logistics services, aiming to establish a significant presence within India’s warehousing sector. Further, this firm has a major goal of having a leading position in chemical and trading simultaneously providing excellent customer service and maximizing returns for its stakeholders. Further, As of January 2025, the company has a market capitalization of around Rs 22.7 crore and posted a profit of Rs 0.13 crore on a total income of Rs 0.22 crore for the year ending September 2024, despite facing intense competition that could potentially drive them out of the manufacturing sector.
Objects of the Rights Issue
- To acquire land for the construction of warehouses;
- To finance the construction of the warehouses;
- To meet General corporate purposes;
- To meet the expenses of the Issue.
Iel Company Financial Report
₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹1.23 | ₹0.91 | ₹0.32 |
| 2023 | ₹11.05 | ₹8.70 | ₹2.37 |
| 2024 | ₹17.26 | ₹16.92 | ₹0.26 |
Iel Rights Issue Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ipo.team@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Iel Rights Issue Lead Manager
- Navigant Corporate Advisors Limited
Iel Rights Issue allotment status check on Link Intime India Private Ltd website – Click Here
Promoters of Iel
- Mr. Ronit Champaklal Shah,
- Mr. Romit Champaklal Shah,
- Mrs. Kalpana Champaklal Shah
Company Address
IEL Ltd.
Shed No 15,
Shyam Hari Industrial Estate, Phase 4 GIDC,
Vatva, Ahmedabad-382445
Phone: 079- 40026095
Email: iellimitedamd@gmail.com
Website: https://www.ielindia.in/