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Rights Issue Status: Closed [22nd Jul 2024 to 5th Aug 2024]
Suraj Industries Limited offers Right Issue size of Rs 19.48 Cr. The subscription for this Rights Issue is opening from 22 July 2024 to 5 Aug 2024. The company issues entitlement of 7 Rights equity shares for every fully paid-up 30 equity shares held on the record date of 10 July 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 65 per share.
Stay connected with us to more about Suraj Industries Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The Company proposes to utilize the proceeds of the Rights Issue towards the following objects:
| Suraj Industries Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 0.30 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹19.48 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹65 per share |
| Rights Issue Record Date | 10th Jul 2024 |
| Rights Issue Entitlement | 7 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | The Issue Price of Rs. 65 per Rights Equity Share shall be payable in 2 equal tranches, i.e. Rs. 32.50 at the time of Application and balance Rs. 32.50 at the time of one or more subsequent call(s) as may be decided by the Board/ Rights Issue Committee of the Board from time to time |
| Listing At | BSE |
| BSE Code | 526211 |
| NSE Code |
In this section we have covered all important dates related to Suraj 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 | 22nd Jul 2024 |
| Rights Issue Issue Close Date | 5th Aug 2024 |
| Basis of Allotment Finalisation Date* | 9th Aug 2024 |
| Refunds Initiation* | 30th Jul 2024 |
| Credit of Shares to Demat Account* | 16th Aug 2024 |
| Rights Issue Listing Date* | 19th Aug 2024 |
* - Tentative Dates
Zerodha Trade@20
Suraj Industries Limited was incorporated on July 09, 1992. The Company is engaged in the following businesses:
In 2021, the company entered into the spirits business by acquiring a running bottling plant in Ajmer, Rajasthan. Currently, the company produces Rajasthan Made Liquor (RML) for Rajasthan State Ganganagar Sugar Mills Limited (RSGSM), a Rajasthan state-owned company that holds the exclusive wholesale rights for Country Liquor and RML in the state of Rajasthan.
Past performance and financial results of Suraj Industries .
Suraj Industries Ltd.'s revenue decreased by -24.13% and profit after tax (PAT) dropped by -67.47% 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 | 59.90 | 71.36 | 27.07 |
| Revenue | 51.77 | 68.22 | 41.29 |
| Profit After Tax | 1.55 | 4.77 | 3.07 |
| Net Worth | 4.55 | 38.81 | 4.55 |
| Reserves and Surplus | 30.89 | 23.87 | -4.99 |
| Amount in ₹ Crore | |||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Suraj Industries Rights Issue Offer Document (Letter of Offer) >>Document
Suraj Industries Rights Issue Offer Document (Letter of Offer) >>Suraj Industries Rights Issue Red Herring Prospectus is not yet available.
Suraj Industries Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Suraj Industries Rights Issue Online Application (Registrar & Transfer Agent) >>Suraj Industries Rights Issue RTA information is not yet available.
Last Updated on 2024-08-12T03:32:44+00:00
