Welspun Specialty Rights Issue dates 10 – 19 March 2025.
Welspun Specialty Solutions (formerly RMG Alloy Steel) is a manufacturer of Alloy and Stainless-Steel products. The company is an integrated producer of stainless steel pipes and tubes, handling production from steel creation to the final product. Welspun is equipped with advanced technology and expertise, specializing in special-grade stainless steel with controlled chemistry.
Its infrastructure includes a steel melting shop, rolling facility, and seamless pipes plant, giving it a competitive advantage in deliveries due to in-house steel making. The company has a stainless steelmaking capacity of approximately 1,50,000 metric tons per year and a stainless steel seamless pipe and tube manufacturing capacity of approximately 18,000 tons per year.
Promoters of Welspun Specialty Solutions – Welspun Corp Limited
Table of Contents
Welspun Specialty Solutions Rights Issue Details
| Welspun Specialty Rights Issue Date | 10 – 19 March 2025 |
| Welspun Specialty Rights Issue Price | INR 26.4 per share |
| Issue Size (in Shares) | 13,25,22,289 shares |
| Issue Size (in INR) | INR 349.86 crore |
| Issue Entitlement | 1 equity share for every 4 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Welspun Specialty Rights Issue Record Date | 1 March 2025 |
| Face Value | INR 6 per share |
| Listing On | BSE |
Welspun Specialty Rights Issue Calculation
| Welspun Specialty Rights Issue Price | INR 39.73 per share |
| Market Price on Rights Issue Approval | INR 26.40 per share |
| Dilution Factor (X) | 1.25 |
| Fair Value After Dilution at Prevailing Price | INR 37.06 per share |
Welspun Specialty Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 163.29 | 417.83 | 696.67 |
| Expenses | 198.70 | 431.42 | 674.09 |
| Operating Margin (%) | 0.45 | 7.53 | 11.10 |
| Net Income | (30.78) | (13.74) | 62.47 |
| ROCE (%) | (6.0) | 6.0 | 20.0 |
Welspun Specialty Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment and/or Prepayment, in full or in part, of certain outstanding borrowings availed by the company – INR 284 crore
- General corporate purposes – INR 64 crore
Welspun Specialty Rights Offer Documents
- Welspun Specialty Rights Issue Application Form
- Welspun Specialty Letter of Offer
- Board Meeting Outcome
- Welspun Specialty Draft Letter of Offer
- Rights Issue in 2024
Welspun Specialty Rights Issue Dates
| Rights Issue Approval Date | 24 February 2025 |
| Rights Issue Record Date | 1 March 2025 |
| Credit of Rights Entitlement | 6 March 2025 |
| Rights Issue Opening Date | 10 March 2025 |
| Last Date for Market Renunciation | 13 March 2025 |
| Rights Issue Closing Date | 19 March 2025 |
| Finalization of Basis of Allotment | 24 March 2025 |
| Rights Allotment Date | 25 March 2025 |
| Credit Date | 26 March 2025 |
| Listing Date | 28 March 2025 |
Manager of Welspun Specialty Rights Offer
SYSTEMATIX CORPORATE SERVICES LIMITED
The Capital, A-Wing, 6th Floor,
No. 603-606, Plot No. C-70, G-Block,
Bandra-Kurla Complex (BKC), Bandra (East),
Mumbai 400 051, Maharashtra
Tel. No.: +91-22-6704 8000
Email: wssl_ri@systematixgroup.in
Website: www.systematixgroup.in
Welspun Specialty Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: rightsissue@bigshareonline.com
Website: www.bigshareonline.com
Welspun Specialty Contact Details
WELSPUN SPECIALTY SOLUTIONS LIMITED
Plot No 1, G I D C Industrial Estate, Valia Road,
Jhagadia, Bharuch, Gujarat 393110, India
Phone: +91 99980 65709
Email: companysecretary_wssl@welspun.com
Website: www.welspunspecialty.com
Welspun Specialty Rights Offer FAQs
What is the Welspun Specialty Rights Issue Price?
The issue price is INR 26.40 per share.
What is the Welspun Specialty Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Share for every 4 Equity Shares held on the record date.
What is the Welspun Specialty Rights Issue Record Date?
The Record date is 1 March 2025.
How to Apply in the Welspun Specialty Rights Offer?
The best way to apply in the Welspun Specialty 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.