IEL Rights Issue dates 4 – 21 Feb 2025.
Incorporated in 1956, IEL Ltd is primarily engaged in the trading of chemicals, dyes, pigments, intermediates, and commodities. Originally focused on solvent extraction and groundnut oil production, the company has diversified its operations to include export trading and chemical indenting, particularly targeting markets in the U.S. and Europe. IEL Ltd is also expanding into warehousing and logistics services, aiming to establish a significant presence within India’s warehousing sector. The company is headquartered in Ahmedabad, Gujarat, with operations extending across various regions.
Financially, IEL Ltd has shown resilience despite facing intense competition that led to its exit from the manufacturing sector. As of January 2025, the company has a market capitalization of approximately INR 22.7 crore and reported a profit of INR 0.13 crore on a total income of INR 0.22 crore for the year ending September 2024.
As for its workforce, IEL Ltd currently employs just one individual, highlighting its lean operational structure in the trading sector. The company aims to maintain its leadership position in chemical trading while focusing on excellent customer service and maximizing returns for its stakeholders.
Promoters of IEL – Mr. Ronit Champaklal Shah, Mr. Romit Champaklal Shah, and
Mrs. Kalpana Champaklal Shah
Table of Contents
IEL Rights Issue Details
| IEL Rights Issue Date | 4 – 21 February 2025 |
| IEL Rights Issue Price | INR 4.45 per share |
| Issue Size (in Shares) | 10,01,28,990 shares |
| Issue Size (in INR) | INR 44.56 crore |
| Issue Entitlement | 3 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| IEL Rights Issue Record Date | 17 January 2025 |
| Face Value | INR 1 per share |
| Listing On | BSE |
IEL Rights Issue Calculation
| IEL Rights Issue Price | INR 4.45 per share |
| Market Price on Rights Issue Approval | INR 6.28 per share |
| Dilution Factor (X) | 4 |
| Fair Value After Dilution at Prevailing Price | INR 4.91 per share |
IELÂ Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 0.64 | 10.19 | 17.11 |
| Expenses | 0.82 | 8.64 | 16.88 |
| Operating Margin (%) | (0.18) | 1.55 | 0.23 |
| Net Income | 0.32 | 2.37 | 0.26 |
| ROCE (%) | 11.31 | 96.30 | 17.50 |
IEL Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To acquire land for the construction of warehouses
- To finance the construction of the warehouses
- To meet the expenses of the Issue
- General corporate purposesÂ
IEL Rights Offer Documents
- IEL Rights Issue Application Form
- IELÂ Letter of Offer
- Board Meeting Outcome
- IELÂ Draft Letter of Offer
- Rights Issue in 2024
IEL Rights Issue Dates
| Rights Issue Approval Date | 13 January 2025 |
| Rights Issue Record Date | 17 January 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 4 February 2025 |
| Last Date for Market Renunciation | 17 February 2025 |
| Rights Issue Closing Date | 21 February 2025 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
IEL Rights Offer Lead Manager
NAVIGANT CORPORATE ADVISORS LIMITED
804, Meadows, Sahar Plaza Complex,
J B Nagar, Andheri Kurla Road,
Andheri East, Mumbai-400 059
Phone:Â +91-22-41204837/49735078
Email:Â [email protected]
Website:Â www.navigantcorp.com
IEL Rights Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
IEL Contact Details
IEL LIMITED
Shed No 15, Shyam Hari Industrial Estate, Phase 4
GIDC, Vatva, Ahmedabad, Gujarat, India, 382445
Phone:Â 079- 40026095
Email:Â [email protected]
Website:Â www.ielindia.in
IEL Rights Offer FAQs
What is the IEL Rights Issue Price?
The issue price is INR 4.45 per share.
What is the IEL Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 1 Equity Shares held on the record date.
What is the IEL Rights Issue Record Date?
The Record date is 17 January 2025.
How to Apply in IEL Rights Offer?
The best way to apply in IEL Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
