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Rights Issue Status: Upcoming [24th Sep 2024 to 3rd Oct 2024]
Srivari Spices And Foods Limited is offering a rights issue of Rs 25.00 Cr. The subscription period for this rights issue will be from 24 Sep 2024 to 03 Oct 2024. The company issues entitlement of 01 Rights equity shares for every fully paid-up 05 equity shares held on the record date of 04 Sep 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 175 per share.
Stay connected with us to more about Srivari Spices And Foods Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The Company proposes to utilize the Net Proceeds to:
| Srivari Spices And Foods Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 0.14 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹25.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹175 per share |
| Rights Issue Record Date | 4th Sep 2024 |
| Rights Issue Entitlement | 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | The full amount of the Issue Price, Rs 175 (including the Premium of Rs 165), will be payable on application. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | SSFL |
In this section we have covered all important dates related to Srivari Spices And Foods 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 Sep 2024 |
| Rights Issue Issue Close Date | 3rd Oct 2024 |
| Basis of Allotment Finalisation Date* | 11th Oct 2024 |
| Refunds Initiation* | 27th Sep 2024 |
| Credit of Shares to Demat Account* | 17th Oct 2024 |
| Rights Issue Listing Date* | 15th Oct 2024 |
* - Tentative Dates
Zerodha Trade@20
Srivari Spices And Foods Limited was founded in January 2019. The company is engaged in the production of spices and food products (chakki atta) and markets and sells them in and around Telangana and Andhra Pradesh. The raw materials are harvested by hand in different parts of the country and processed with utmost care without any artificial preservatives or chemicals. The result is a product portfolio of organic spices and flour that carries the freshness and goodness of each ingredient.
The unique business model has helped us penetrate the niche segment of the market and build a customer base in and around Telangana and Andhra Pradesh.
The company follows two models: one is direct to customer (“D2C”), where products are delivered directly to the customer's doorstep through around 15,000 retail outlets. On the other hand, the company also operates in the business-to-business (“B2B") segment, where it supplies its products to suppliers.
Past performance and financial results of Srivari Spices And Foods .
| Period Ended | 31 Mar 2024 | |||||||||
| Assets | 54.86 | |||||||||
| Revenue | 78.29 | |||||||||
| Profit After Tax | 7.03 | |||||||||
| Net Worth | 23.99 | |||||||||
| Reserves and Surplus | 16.85 | |||||||||
| Amount in ₹ Crore | ||||||||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Srivari Spices And Foods Rights Issue Offer Document (Letter of Offer) >>Document
Srivari Spices And Foods Rights Issue Offer Document (Letter of Offer) >>Srivari Spices And Foods Rights Issue Red Herring Prospectus is not yet available.
Srivari Spices And Foods Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Srivari Spices And Foods Rights Issue Online Application (Registrar & Transfer Agent) >>Srivari Spices And Foods Rights Issue RTA information is not yet available.
Last Updated on 2024-09-16T05:32:46+00:00
