Davangere Sugar Company Limited Rights Issue (Davangere Sugar Rights Issue 2022) Detail

Jun 16, 2022 - Jun 30, 2022
Davangere Sugar Company Limited Logo

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.

Davangere Sugar Rights Issue 2022 Detail

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

Davangere Sugar Rights Issue 2022 Issue Timetable

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

Company Financials

Summary of financial Information
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

Objects of the Issue:

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 Rights Issue 2022 Documents

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Company Contact Information

Davangere Sugar Company Limited
No. 19, Shivashankar Plaza,
3rd floor, Richmond Circle,
Lalbagh Road, Bengaluru - 560 027, Karnataka

Phone: +91 80 2227 2183

Davangere Sugar Rights Issue 2022 Registrar

  1. Integrated Registry Management Services Private Limited
    Phone: + 91 44 2814 0801 to 803

Davangere Sugar Rights Issue 2022 Lead Manager(s)


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