₹48.00 Crores | Listing at BSE | Thu, Jun 16, 2022 - Fri, Jul 15, 2022
Davangere Sugar Company Limited Rights Issue comprises 3.84 Cr equity shares aggregating to ₹48.00 Cr, offered at an issue price of ₹12.5 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is May 27, 2022.
As per the terms of payment, ₹12.5 per share payable in full at the time of application.
The Rights Issue opens on Jun 16, 2022, and closes on Jul 15, 2022, with renunciation of Rights Entitlements permitted up to Jun 27, 2022.
Saffron Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Integrated Registry Management Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Davangere Sugar Company Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 27, 2022
Entitlement Ratio
:
Open Date
Thu, Jun 16, 2022
Close Date
Fri, Jul 15, 2022
| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||||
| Total Assets | 4,387.72 | 4,539.62 | |||
| Total Revenue | 1,478.11 | 2,030.62 | |||
| Profit After Tax | 24.99 | 20.69 | |||
Incorporated in 1970, Davangere Sugar Company Limited engages in the business of manufacturing sugar. The company is located in Kukkuwada, Davangere District of Karnataka State. Davangere Sugar Company also manufactures sugar-based products.
The company's sugar plant has a capacity of 5,000 TCD right now. In the year 2012, the sugar plant's capacity increased from 3500 TCD to 5000 TCD. The company has three facilities for storage of sugar with a capacity to store 1,00,000 QTLs to 1,50,000 QTLs.
The objects of the Issue are:
1. Part repayment or prepayment of unsecured loans availed by our Company from Ganesh Shivashankarappa Shamanur, one of the Promoters of the Company.
2. General Corporate Purposes.
[Dilip Davda] Though the company is profit-making, its post-RI large equity may find it difficult to service in the near term. However, the sugar industry is poised for bright prospects with the new ethanol policy. Higher promoter’s holding is a plus point for this issue. Based on its current paid up equity, book value as of March 31, 2022, stood at Rs. 45 plus. The counter is thinly traded and plays spoil sport. Investors may consider parking funds in this offer with a long term perspective. Read detail review...
Davangere Sugar Company Limited
No. 19, Shivashankar Plaza,
3rd floor, Richmond Circle,
Lalbagh Road, Bengaluru - 560 027, Karnataka
Bengaluru, Karnataka, 560027
Integrated Registry Management Services Pvt.Ltd.
The Davangere Sugar Rights Issue 2022 opens on Thu, Jun 16, 2022, and closes on Fri, Jul 15, 2022.
Davangere Sugar Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Jun 27, 2022 |
| Issue Opening Date | Thu, Jun 16, 2022 |
| Issue Closing Date | Fri, Jul 15, 2022 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
You can apply for Davangere Sugar Rights Issue 2022 in two ways:
Steps to apply for Davangere Sugar Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Davangere Sugar Rights Issue 2022 using Registrar's website (R-WAP)
