₹199.83 Crores | Listing at BSE, NSE | Thu, Apr 25, 2024 - Fri, May 24, 2024
Sakuma Exports Ltd. Rights Issue comprises 7.90 Cr equity shares aggregating to ₹199.83 Cr, offered at an issue price of ₹25.3 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Apr 15, 2024, with the Rights Issue being offered in the entitlement ratio of 33 : 98.
The term of payment is defined as following : The full amount of the Issue Price being Rs.25.30 will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Apr 25, 2024, and closes on May 24, 2024, with renunciation of Rights Entitlements permitted up to May 24, 2024.
The deemed date of allotment is Jun 3, 2024, following which the equity shares are expected to be credited to demat accounts on Jun 5, 2024 and listed at the NSE and the BSE on Jun 6, 2024.
First Overseas Capital Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sakuma Exports Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Apr 15, 2024
Entitlement Ratio
33 : 98
Open Date
Thu, Apr 25, 2024
Close Date
Fri, May 24, 2024
The full amount of the Issue Price being Rs.25.30 will be payable on application.
Sakuma Exports Ltd.'s revenue increased by 11.19% and profit after tax (PAT) rose by 3.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 571.42 | 669.31 | 429.99 |
| Revenue | 3,180.40 | 2,860.32 | 1,333.48 |
| Profit After Tax | 28.45 | 27.44 | 11.03 |
| Reserves and Surplus | 252.84 | 231.07 | 207.72 |
| Total Borrowing | 16.52 | 85.53 | 4.98 |
| Amount in ₹ Crore | |||
Incorporated in December 1998, Sakuma Exports Limited trades agricultural commodities such as sugar, pulses, maize, cotton, and rice. SEL imports and exports to USA, Asia, Africa, Far East Asia, Europe, Australia, and Middle East.
Sakuma Group is coimprises of SEL and six other companies located in Dubai, Singapore, Ghana, Tanzania, Canada, and Bahrain.
SEL and its six subsidiaries serve a range of well-known customers in the international agro commodities trading industry. Some of their key customers are COFCO International Singapore Pte Ltd, Wilmar Sugar PTE Limited, Viterra BV, EDF & MAN Commodities, and other similar traders. It's worth noting that the company's revenue is not heavily reliant on any one specific customer.
The company has received certification from FSSAI, RCMC and APEDA certified for its areas of operations.
As of December 31, 2023, the company employs 96 employees in various departments.
[Dilip Davda] Though the counter is trading at some premium to its offer price, based on its recent financial performance, the issue is exorbitantly priced. The company is trading it agro commodities with prime focus on Sugar and Oil, which are price sensitive and gets affected by frequently changing government policies. The company also gets affected with wild move in Forex. Well-informed investors may park moderate fund in this” High Risk/Low Return” pricey offer. Read detail review...
Sakuma Exports Rights Issue 2024 got oversubscribed by 1.04 times by the end of the bidding period with total bid quantity received by BSE and NSE of 8,17,92,936 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
May 24 2024 17:00:00 | 4,90,75,269 | 3,27,17,667 | 8,17,92,936 | 1.04x |
Sakuma Exports Ltd.
Aurus Chamber, A 301-302, Near Mahindra Tower
S S Amrutwar Lane, Worli-400013,
Mumbai
Mumbai, Maharashtra, 400013
The Sakuma Exports Rights Issue 2024 opens on Thu, Apr 25, 2024, and closes on Fri, May 24, 2024.
Sakuma Exports Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, May 24, 2024 |
| Issue Opening Date | Thu, Apr 25, 2024 |
| Issue Closing Date | Fri, May 24, 2024 |
| Date of Allotment (on or about) | Mon, Jun 3, 2024 |
| Date of Credit (on or about) | Wed, Jun 5, 2024 |
| Date of Listing (on or about) | Thu, Jun 6, 2024 |
You can apply for Sakuma Exports Rights Issue 2024 in two ways:
Steps to apply for Sakuma Exports Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Sakuma Exports Rights Issue 2024 using Registrar's website (R-WAP)
