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Sanginita Chemicals Limited Rights Issue (Sanginita Chemicals Rights Issue 2024) Detail

May 15, 2024 - May 27, 2024
Sanginita Chemicals Limited Logo

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.

Sanginita Chemicals Rights Issue 2024 Detail

Issue Open May 15, 2024 - May 27, 2024
Security Name Sanginita Chemicals Limited
Issue Size (Shares) 8,633,850
Issue Size (Amount) ₹15.54 Crores
Issue Price ₹18 per share
Face Value ₹10 per share
Listing At NSE
Terms of Payment

The full amount for Rights Equity Shares of Rs.18 shall be payable by the eligible shareholders at the time of making an application.

Entitlement 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

Sanginita Chemicals Rights Issue 2024 Issue Timetable

Last Date to buy sharesMay 6, 2024
Record Date May 7, 2024
Credit of Rights Entitlements
Bid/Offer Opens On May 15, 2024
Renunciation of Rights Entitlements May 21, 2024
Bid/Offer Closes On May 27, 2024
Deemed Date of Allotment May 30, 2024
Credit Date June 5, 2024
Listing Date May 6, 2024

Company Financials

Sanginita Chemicals Limited Financial Information (Restated Standalone)

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 Ended31 Mar 202331 Mar 202231 Mar 2021
Assets79.5079.2070.12
Revenue149.13198.44165.02
Profit After Tax0.420.350.76
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the Issue towards funding the following objects:

  1. Working Capital Requirement;
  2. Capital Expenditure;
  3. General Corporate Purpose; and
  4. Issue Expenses.

Sanginita Chemicals Rights Issue 2024 Subscription Status

Sanginita Chemicals Rights Issue 2024 is subscribed 0.03 times as on May 16, 2024 5:00:36 PM. The total bid quantity received by NSE is 277,937 shares.

Sanginita Chemicals Rights Issue 2024 Documents

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Company Contact Information

Sanginita Chemicals Limited
301, Shalin Complex,
B/H Megh Malhar Complex,
Sector-11, Gandhinagar - 382 011

Phone: +079-23240270
Email: sanginitachemicals@yahoo.com
Website: http://www.sanginitachemicals.co.in/

Sanginita Chemicals Rights Issue 2024 Registrar

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

Sanginita Chemicals Rights Issue 2024 Lead Manager(s)

Sanginita Chemicals Rights Issue 2024 FAQs

The Sanginita Chemicals Rights Issue 2024 opens on May 15, 2024, and closes on May 27, 2024.

Sanginita Chemicals Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsMay 21, 2024
Issue Opening DateMay 15, 2024
Issue Closing DateMay 27, 2024
Date of Allotment (on or about)May 30, 2024
Date of Credit (on or about)June 5, 2024
Date of Listing (on or about)May 6, 2024

Sanginita Chemicals Rights Issue 2024 price is set at ₹18 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (May 7, 2024).

The record date for the Sanginita Chemicals Rights Issue 2024 is May 7, 2024.

The issue size of Sanginita Chemicals Rights Issue 2024 is of 8,633,850 equity shares at ₹18 per share aggregating upto ₹15.54 Crores.

The Letter of Offer for Sanginita Chemicals Rights Issue 2024 can be download here.

You can apply for Sanginita Chemicals Rights Issue 2024 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Sanginita Chemicals 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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