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Sakuma Exports Ltd. Rights Issue (Sakuma Exports Rights Issue 2024) Detail

April 25, 2024 - May 13, 2024
Sakuma Exports Ltd. Logo

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.

Sakuma Exports Rights Issue 2024 Detail

Issue Open April 25, 2024 - May 13, 2024
Security Name Sakuma Exports Ltd.
Issue Size (Shares) 78,984,298
Issue Size (Amount) ₹199.83 Crores
Issue Price ₹25.3 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

The full amount of the Issue Price being Rs.25.30 will be payable on application.

Entitlement 33 Rights Equity Share(s) for every 98 fully paid-up Equity Shares held on Record Date

Sakuma Exports Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 12, 2024
Record Date April 15, 2024
Credit of Rights Entitlements
Bid/Offer Opens On April 25, 2024
Renunciation of Rights Entitlements May 7, 2024
Bid/Offer Closes On May 13, 2024
Deemed Date of Allotment May 21, 2024
Credit Date May 23, 2024
Listing Date May 24, 2024

Company Financials

Sakuma Exports Ltd. Financial Information (Restated Consolidated)

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 Ended31 Mar 202331 Mar 202231 Mar 2021
Assets571.42669.31429.99
Revenue3,180.402,860.321,333.48
Profit After Tax28.4527.4411.03
Reserves and Surplus252.84231.07207.72
Total Borrowing16.5285.534.98
Amount in ₹ Crore

Objects of the Issue:

Thr Company intends to utilize the proceeds of the Issue, after deducting Issue related expenses ("Net Proceeds")towards the following objects:
  1. To augment the existing and incremental working capital requirement of our Company; and
  2. General corporate purposes

Sakuma Exports Rights Issue 2024 Subscription Status

Sakuma Exports Rights Issue 2024 is subscribed 0.06 times as on April 29, 2024 5:00:00 PM. The total bid quantity received by BSE, NSE is 4,601,605 shares.

Sakuma Exports Rights Issue 2024 Documents

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Company Contact Information

Sakuma Exports Ltd.
Aurus Chamber, A 301-302, Near Mahindra Tower
S S Amrutwar Lane, Worli-400013,
Mumbai

Phone: +91 22 24999021
Email: companysecretary@sakumaexportsltd.com
Website: https://sakumaexportsltd.com/

Sakuma Exports Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: investor@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Sakuma Exports Rights Issue 2024 Lead Manager(s)

Sakuma Exports Rights Issue 2024 FAQs

The Sakuma Exports Rights Issue 2024 opens on April 25, 2024, and closes on May 13, 2024.

Sakuma Exports Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMay 7, 2024
Issue Opening DateApril 25, 2024
Issue Closing DateMay 13, 2024
Date of Allotment (on or about)May 21, 2024
Date of Credit (on or about)May 23, 2024
Date of Listing (on or about)May 24, 2024

Sakuma Exports Rights Issue 2024 price is set at ₹25.3 per share per equity share.

The eligible shareholders are being offered 33 Rights Equity Share(s) for every 98 fully paid-up Equity Shares held on Record Date (April 15, 2024).

The record date for the Sakuma Exports Rights Issue 2024 is April 15, 2024.

The issue size of Sakuma Exports Rights Issue 2024 is of 78,984,298 equity shares at ₹25.3 per share aggregating upto ₹199.83 Crores.

The Letter of Offer for Sakuma Exports Rights Issue 2024 can be download here.

You can apply for Sakuma Exports Rights Issue 2024 in two ways:

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

Steps to apply for Sakuma Exports Rights Issue 2024 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 Sakuma Exports Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Sakuma Exports Rights Issue 2024.
  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 Sakuma Exports Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Sakuma Exports Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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