Unison Metals Limited, a leading stainless steel and industrial materials manufacturer based in Ahmedabad, has announced a Rights Issue aimed at raising ₹34.33 crore. This strategic move is part of the company’s ongoing efforts to strengthen its financial position, enhance operational capabilities, and support future growth initiatives.
Rights Issue Highlights
- Issue Size: ₹34.33 crore
- Issue Price: ₹25 per share
- Entitlement Ratio: 6 Rights Equity Shares for every 7 fully paid-up Equity Shares held
- Record Date: May 16, 2025
- Issue Open: June 5, 2025
- Issue Close: June 16, 2025
The full amount is payable on application, and the Rights Entitlements can be renounced up to June 10, 2025.
About Unison Metals Ltd
Established in 1990 and headquartered in Ahmedabad, Unison Metals Ltd is a prominent player in the manufacturing of hot and cold rolled stainless steel sheets, along with chemical compounds such as sodium silicate and frit engobe. The company’s products are widely used in industrial applications, including the production of soaps, detergents, glazes, and fireproofing materials.
Unison operates two integrated manufacturing units located in Vatva, Gujarat, covering a total area of 8,645 square meters. These units are equipped to handle the company’s end-to-end manufacturing needs, enabling efficient and scalable production under one roof.
Over the years, the company has also diversified its business into trading electronic appliances and electric kitchenware, and in 2018–19, it launched a Ceramic Frit Project to further expand its portfolio. Recognised by UNIDO for collaboration in stainless steel innovation, Unison Metals continues to evolve with a focus on quality, innovation, and operational excellence.
Objectives of the Rights Issue
The net proceeds from the Rights Issue are intended to support the following key areas:
- Purchase of land for future expansion
- Repayment of existing loans, helping reduce debt burden
- Working capital augmentation to support day-to-day operations and upcoming projects
- Acquisition of new plant and machinery to boost production capabilities
- General corporate purposes aimed at strengthening the overall business framework
These initiatives are aligned with Unison’s long-term vision of expanding its footprint in the stainless steel and industrial materials sector while maintaining sustainable growth.
Financial Overview (Standalone, ₹ in Crores)
| Metric | FY 2023–24 | FY 2022–23 |
|---|---|---|
| Total Assets | 100.83 | 96.76 |
| Revenue | 150.05 | 111.25 |
| Profit After Tax | 0.94 | 0.65 |
The financial data indicates steady growth in revenue and profitability, underlining the company’s strong operational performance and financial discipline.
Looking Ahead
The Rights Issue offers an opportunity for existing shareholders to participate in Unison Metals’ growth journey. With the planned investments in infrastructure and capital, the company aims to increase its production efficiency, diversify its offerings, and solidify its position as a key player in the Indian industrial manufacturing landscape.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice.
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