Rights Issue Rush: Lloyds Engineering Unveils ₹987 Crore Growth Blueprint!

Lloyds Engineering Works Ltd has formally approved a large rights issue, with the goal of raising as much as ₹987.26 crore by issuing 30.85 crore equity shares at ₹32 per share. The decision, approved by the board on April 17, 2025, is intended to support the company's working capital, strategic acquisition of assets, and growth initiatives in the future.

 

Key Highlights:

Company Performance: Lloyds Engineering has recorded excellent financial growth, with FY24 revenue at ₹631.68 crore and net profit at ₹79.84 crore, underpinned by a healthy order book of ₹1,278 crore.

 

Application Methods: The eligible investors can apply through ASBA net banking or the website of the registrar (R-WAP).

 

This rights issue highlights Lloyds Engineering's intent to grow its operations and maximize shareholder value, while giving current investors an attractive chance to join the firm's next phase of expansion.

 

Sources: IPO Watch, Groww, Ventura Securities