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Parvati Sweetners and Power Ltd Rights Issue (Parvati Sweetners and Power Rights Issue 2023) Detail

February 21, 2023 - March 8, 2023
Parvati Sweetners and Power Ltd Logo

Incorporated in 2011, Parvati Sweetners and Power Limited are engaged in Sugar manufacturing. They operate from Madhya Pradesh and deliver their product across different regions. The Sugar plant of the company is located in Village Sankhini, Gwalior, Madhya Pradesh, which can crush up to 2500 MT of sugar per day.

In its journey of over a decade, Parvati Sweetners has grown immensely and aims to become a leader in the growing Sugar market. The company supplies Sugar to various petroleum industries.

Parvati Sweetners and Power Limited is led under the guidance of Ms. Poonam Chouksey. She is the Promoter and Managing Director of the company and contributes highly towards the growth and evolution of the company.

Parvati Sweetners and Power Rights Issue 2023 Detail

Issue Open February 21, 2023 - March 8, 2023
Security Name Parvati Sweetners and Power Ltd
Issue Size (Shares) 58,963,835
Issue Size (Amount) ₹29.48 Crores
Issue Price ₹5 per share
Face Value ₹5 per share
Listing At BSE
Terms of Payment

The full amount is payable on application.

Entitlement 17 Equity Shares for every 26 existing Equity Shares held as on the Record Date

Parvati Sweetners and Power Rights Issue 2023 Issue Timetable

Record Date February 8, 2023
Credit of Rights Entitlements February 13, 2023
Bid/Offer Opens On February 21, 2023
Renunciation of Rights Entitlements February 28, 2023
Bid/Offer Closes On March 8, 2023
Deemed Date of Allotment March 15, 2023
Credit Date March 16, 2023
Listing Date March 17, 2023

Company Financials

Parvati Sweetners and Power Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-20142.0750.250.0851.66
31-Mar-21154.7658.831.6248.88
31-Mar-22163.0871.611.0933.52
Amount in ₹ Crore

Objects of the Issue:

The objects of the Issue are:

  1. Repayment of Unsecured Loans availed from the Promoters and members of the Promoter Group
  2. General corporate purposes.

Parvati Sweetners and Power Rights Issue 2023 Documents

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Parvati Sweetners and Power Rights Issue 2023 Reviews

Company Contact Information

Parvati Sweetners and Power Ltd
Hall No. 2, Gomantika Parisar,
Shopping Complex, Jawahar Chowk,
Bhopal-462003

Phone: 91 – 0755-4236666
Email: info@parvatisweetners.com
Website: https://www.parvatisweetners.com/

Parvati Sweetners and Power Rights Issue 2023 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Parvati Sweetners and Power Rights Issue 2023 Lead Manager(s)

Parvati Sweetners and Power Rights Issue 2023 FAQs

The Parvati Sweetners and Power Rights Issue 2023 opens on February 21, 2023, and closes on March 8, 2023.

Parvati Sweetners and Power Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsFebruary 13, 2023
Last Date for renunciation of Rights EntitlementsFebruary 28, 2023
Issue Opening DateFebruary 21, 2023
Issue Closing DateMarch 8, 2023
Date of Allotment (on or about)March 15, 2023
Date of Credit (on or about)March 16, 2023
Date of Listing (on or about)March 17, 2023

Parvati Sweetners and Power Rights Issue 2023 price is set at ₹5 per share per equity share.

The eligible shareholders are being offered 17 Equity Shares for every 26 existing Equity Shares held as on the Record Date (February 8, 2023).

The record date for the Parvati Sweetners and Power Rights Issue 2023 is February 8, 2023.

The issue size of Parvati Sweetners and Power Rights Issue 2023 is of 58,963,835 equity shares at ₹5 per share aggregating upto ₹29.48 Crores.

The Letter of Offer for Parvati Sweetners and Power Rights Issue 2023 can be download here.

You can apply for Parvati Sweetners and Power Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Parvati Sweetners and Power Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Parvati Sweetners and Power Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Parvati Sweetners and Power Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Parvati Sweetners and Power Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Parvati Sweetners and Power Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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