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Rights Issue Status: Closed [24th Jul 2024 to 7th Aug 2024]
Sharat Industries Limited offers Right Issue worth Rs 48.18 Cr. The subscription period for this rights issue will be from 24 July 2024 to 07 Aug 2024. The company issues entitlement of 13 Rights equity shares for every fully paid-up 20 equity shares held on the record date 12 July 2024 The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs 31 for each share
Stay connected with us to more about Sharat Industries Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The Company intends to utilize the Net Proceeds from the Issue towards the following objectives:
| Sharat Industries Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 1.55 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹48.18 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹31 per share |
| Rights Issue Record Date | 12th Jul 2024 |
| Rights Issue Entitlement | 13 Rights Equity Share(s) for every 20 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | Issue Price of Rs.31/- per Equity Share is payable as Rs. 7.75 on Application and Rs.23.25/- on One or more subsequent Call(s). |
| Listing At | BSE |
| BSE Code | 519397 |
| NSE Code |
In this section we have covered all important dates related to Sharat Industries Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 24th Jul 2024 |
| Rights Issue Issue Close Date | 7th Aug 2024 |
| Basis of Allotment Finalisation Date* | 14th Aug 2024 |
| Refunds Initiation* | 1st Aug 2024 |
| Credit of Shares to Demat Account* | 20th Aug 2024 |
| Rights Issue Listing Date* | 22nd Aug 2024 |
* - Tentative Dates
Zerodha Trade@20
Established in 1990, Sharat Industries Limited (SIL) is India's oldest integrated aquaculture company. The company successfully bred and processed black tiger prawns in the early years before eventually producing scampi prawns.
Sharat Industries Limited (SIL) is proud to be the pioneer of vannamei (white shrimp) farming in India. This has been made possible by the vision and persistent efforts of the dynamic Managing Director, Mr. S. Prasad Reddy. Sharat Industries Limited was earlier known as Sharat Sea Foods.
The company consists of four divisions:
The strategic location of SIL's aquaculture farm and processing plant guarantees the freshest shrimp for processing. The company also has a well-integrated network of growers to ensure product traceability and the sourcing of healthy, antibiotic-free shrimp. As a vertically integrated aquaculture company, SIL monitors and controls the quality of the product (shrimp) at every stage.
Past performance and financial results of Sharat Industries .
Sharat Industries Ltd.'s revenue decreased by -9.9% and profit after tax (PAT) dropped by -10.26% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 203.90 | 197.81 | |
| Revenue | 302.75 | 336.01 | |
| Profit After Tax | 5.87 | 6.54 | 3.46 |
| Net Worth | 83.98 | 78.69 | 70.36 |
| Total Borrowing | 95.50 | 89.27 | 89.16 |
| Amount in ₹ Crore | |||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Sharat Industries Rights Issue Offer Document (Letter of Offer) >>Document
Sharat Industries Rights Issue Offer Document (Letter of Offer) >>Sharat Industries Rights Issue Red Herring Prospectus is not yet available.
Sharat Industries Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Sharat Industries Rights Issue Online Application (Registrar & Transfer Agent) >>Sharat Industries Rights Issue RTA information is not yet available.
Last Updated on 2024-08-12T03:32:44+00:00
You can find out the Registar and Transfer Agent info from the LOF (Letter of Offer), or you can check the BSE Website to find out the RTA information.:
Click on the following Link to get the LOF for the Sharat Ind Ltd RI :
https://www.bseindia.com/xml-data/corpfiling/AttachLive/7fb2c497-0a2f-41bc-bd9f-5dd58a81b94
