{"id":21629,"date":"2025-02-05T06:44:06","date_gmt":"2025-02-05T06:44:06","guid":{"rendered":"https:\/\/popularreads.co\/iel-limiteds-rights-issue-opens-to-best-opportunity-to-invest-2\/"},"modified":"2025-02-05T06:44:06","modified_gmt":"2025-02-05T06:44:06","slug":"iel-limiteds-rights-issue-opens-to-best-opportunity-to-invest-2","status":"publish","type":"post","link":"https:\/\/popularreads.co\/?p=21629","title":{"rendered":"IEL Limited\u2019s Rights Issue Opens to Best Opportunity to invest"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>2 Minute, 12 Second <\/div>\n\n <\/div>

Ahmedabad, February 5, 2025: IEL Limited (formerly Indian Extractions Limited) (BSE: 524614, Symbol – INDXTRA) has successfully opened its rights issue on February 4, 2025, receiving a\u00a0 very good response from investors. The issue will close on February 21, 2025, with the record date set as January 17, 2025. Non-existing shareholders can participate by acquiring Rights Renunciations (REs), which will be available from February 4, 2025, to February 17, 2025.<\/span><\/p>\n<\/p>\n

The rights issue comprises 10,01,28,990 equity shares at \u20b94.45 per share, aggregating to \u20b944.56 Crores. Eligible shareholders are entitled to three rights shares for every one fully-paid equity share held as of the record date (3:1 ratio). Additionally, non-existing shareholders can participate by purchasing the Rights Entitlements (REs), which will be available for trading from February 17, 2025.<\/span><\/p>\n<\/p>\n

About IEL Limited<\/strong><\/span><\/p>\n

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\"wXP2P8KQ9fxHQAAAABJRU5ErkJggg==\"<\/strong><\/span><\/p>\n

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Established in 1956 and headquartered in Ahmedabad, Gujarat, IEL Limited is a leading player in chemical trading, commodity exports, and marketing support services. Over the years, the company has strategically expanded into warehousing and logistics, reinforcing its commitment to growth and diversification.<\/span><\/p>\n<\/p>\n

As of January 2025, IEL Limited holds a market capitalization of \u20b922.7 Crores. For the financial year ending September 2024, the company reported a profit of \u20b90.13 Crores on a total income of \u20b90.22 Crores, showcasing resilience and adaptability in a competitive market.<\/span><\/p>\n<\/p>\n

Utilization of Funds<\/strong><\/span><\/p>\n

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The proceeds from the rights issue will be allocated to:<\/span><\/p>\n<\/p>\n

1.Acquisition of land for warehouse development.<\/span><\/p>\n<\/p>\n

2.Construction of warehouses to expand operations.<\/span><\/p>\n<\/p>\n

3.General corporate purposes.<\/span><\/p>\n<\/p>\n

4.Covering issue-related expenses.<\/span><\/p>\n<\/p>\n

Strategic Expansion in Warehousing & Logistics<\/strong><\/span><\/p>\n

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IEL Limited recently acquired 29,598.89 square meters of land in Village Neeva, Sarojini Nagar, District Lucknow, at a cost of \u20b911.80 Crores, marking the company\u2019s entry into warehousing and logistics. This initiative aligns with IEL\u2019s broader vision of becoming a significant player in India\u2019s growing infrastructure and logistics sector. The company is also exploring additional land acquisitions in strategic locations to further expand its warehousing footprint.<\/span><\/p>\n<\/p>\n

Leadership\u2019s Vision<\/strong><\/span><\/p>\n

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Commenting on the expansion, the company\u2019s leadership stated:<\/span><\/p>\n<\/p>\n

\u201cOur foray into warehousing and logistics underscores our commitment to supporting India\u2019s infrastructure growth and meeting market demands. The Lucknow project is the first of many milestones, positioning IEL Limited as a key player in this evolving sector.\u201d<\/span><\/p>\n<\/p>\n

About IEL Limited<\/strong><\/span><\/p>\n

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Listed on BSE, IEL Limited has a rich legacy in chemical manufacturing, exports, and trading. As it pivots towards warehousing and logistics, the company aims to redefine itself as a multi-faceted enterprise contributing to India’s economic development.<\/span><\/p>\n<\/p>\n

For media inquiries, please contact:<\/span><\/p>\n<\/p>\n

Corporate Communications Team<\/span><\/p>\n<\/p>\n

IEL Limited<\/span><\/p>\n<\/p>\n

\ud83d\udce7<\/span> Email: <\/span>info@ielimited.com<\/span><\/a>.\u00a0<\/span><\/p><\/p>\n

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Ahmedabad, February 5, 2025: IEL Limited (formerly Indian Extractions Limited) (BSE: 524614, Symbol – INDXTRA) has successfully opened its rights issue on February 4, 2025, receiving a\u00a0 very good response from investors. The issue will close on February 21, 2025, with the record date set as January 17, 2025. Non-existing shareholders can participate by acquiring […]<\/p>\n","protected":false},"author":1,"featured_media":21630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[66],"tags":[],"class_list":["post-21629","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agency-news"],"yoast_head":"\nIEL Limited\u2019s Rights Issue Opens to Best Opportunity to invest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/popularreads.co\/?p=21629\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IEL Limited\u2019s Rights Issue Opens to Best Opportunity to invest\" \/>\n<meta property=\"og:description\" content=\"Ahmedabad, February 5, 2025: IEL Limited (formerly Indian Extractions Limited) (BSE: 524614, Symbol – INDXTRA) has successfully opened its rights issue on February 4, 2025, receiving a\u00a0 very good response from investors. The issue will close on February 21, 2025, with the record date set as January 17, 2025. 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