₹15.54 Crores | Listing at NSE | Wed, May 15, 2024 - Mon, May 27, 2024
Sanginita Chemicals Limited Rights Issue comprises 0.8634 Cr equity shares aggregating to ₹15.54 Cr, offered at an issue price of ₹18 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is May 7, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : The full amount for Rights Equity Shares of Rs.18 shall be payable by the eligible shareholders at the time of making an application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on May 15, 2024, and closes on May 27, 2024, with renunciation of Rights Entitlements permitted up to May 21, 2024.
The deemed date of allotment is May 30, 2024, following which the equity shares are expected to be credited to demat accounts on Jun 5, 2024 and listed at the NSE on May 6, 2024.
Fintellectual Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sanginita Chemicals Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, May 7, 2024
Entitlement Ratio
1 : 2
Open Date
Wed, May 15, 2024
Close Date
Mon, May 27, 2024
The full amount for Rights Equity Shares of Rs.18 shall be payable by the eligible shareholders at the time of making an application.
Sanginita Chemicals Limited's revenue decreased by -24.85% and profit after tax (PAT) rose by 19.57% 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 | 79.50 | 79.20 | 70.12 |
| Revenue | 149.13 | 198.44 | 165.02 |
| Profit After Tax | 0.42 | 0.35 | 0.76 |
| Amount in ₹ Crore | |||
Sanginita Chemicals Limited was established in 2005 and manufactures and exports cuprous chloride, copper sulphate, copper phthalo cyanine blue (CPC), and cupric chloride.
The company offers a wide range of products for the surface coatings industry, including decorative and industrial paints, protective coatings, printing inks and adhesives.
The company's products are used in the dye and pigment industry, paint industry, pharmaceutical industry, electroplating industry, metal extraction industry, printing ink, carbon paper and PVC pipe coating industry, etc. The company offers its customers customized solutions for their specific requirements.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is issuing RI at a discount of around 25% based on its last traded price. It has been posting average net profits till FY23. For 9M of FY24, it marked boost in its bottom line. Well-informed investors may park funds for the long term rewards. Read detail review...
Sanginita Chemicals Rights Issue 2024 got oversubscribed by 1.14 times by the end of the bidding period with total bid quantity received by NSE of 98,23,411 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
May 27 2024 17:00:33 | 98,23,411 | 1.14x |
Sanginita Chemicals Limited
301, Shalin Complex,
B/H Megh Malhar Complex,
Sector-11, Gandhinagar - 382 011
Gandhinagar, Gujarat, 382011
Purva Sharegistry (India) Pvt.Ltd.
The Sanginita Chemicals Rights Issue 2024 opens on Wed, May 15, 2024, and closes on Mon, May 27, 2024.
Sanginita Chemicals Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Tue, May 21, 2024 |
| Issue Opening Date | Wed, May 15, 2024 |
| Issue Closing Date | Mon, May 27, 2024 |
| Date of Allotment (on or about) | Thu, May 30, 2024 |
| Date of Credit (on or about) | Wed, Jun 5, 2024 |
| Date of Listing (on or about) | Mon, May 6, 2024 |
You can apply for Sanginita Chemicals Rights Issue 2024 in two ways:
Steps to apply for Sanginita Chemicals Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Sanginita Chemicals Rights Issue 2024 using Registrar's website (R-WAP)
