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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.
Issue Open | Jun 16, 2022 - Jun 30, 2022 |
Security Name | Davangere Sugar Company Limited |
Issue Size (Shares) | 3.84 Crores |
Issue Size (Amount) | ₹48.00 Crores |
Issue Price | ₹12.5 per share |
Face Value | ₹10 per share |
Minimum Lot size | 1 per share |
Market Lot | 1 per share |
Listing At | BSE |
Terms of Payment | The entire amount of the Issue Price of Rs 12.50 per Rights Equity Share shall be payable at the time of Application. |
Entitlement | 69 Rights Equity Shares for every 100 fully paid-up Equity Shares held on the Record Date |
Bid/Offer Opens On | Jun 16, 2022 |
Bid/Offer Closes On | Jun 30, 2022 |
Record Date | May 27, 2022 |
Deemed Date of Allotment | |
Renunciation of Rights Entitlements | Jun 27, 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 |
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.
Davangere Sugar Company Limited
No. 19, Shivashankar Plaza,
3rd floor, Richmond Circle,
Lalbagh Road, Bengaluru - 560 027, Karnataka
Phone: +91 80 2227 2183
Email: davangeresugars@gmail.com
Website: https://www.davangeresugar.com/
Integrated Registry Management Services Private Limited
Phone: + 91 44 2814 0801 to 803
Email: irg@integratedindia.in
Website: http://www.integratedindia.in/
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