₹45.76 Crores | Listing at BSE | Tue, Apr 2, 2024 - Tue, Apr 30, 2024
Sawaca Business Machines Ltd. Rights Issue comprises 45.76 Cr equity shares aggregating to ₹45.76 Cr, offered at an issue price of ₹1 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Mar 7, 2024, with the Rights Issue being offered in the entitlement ratio of 4 : 1.
The term of payment is defined as following : Full Amount for Rights Equity Shares 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 Apr 19, 2024.
The Rights Issue opens on Apr 2, 2024, and closes on Apr 30, 2024, with renunciation of Rights Entitlements permitted up to Apr 8, 2024.
The deemed date of allotment is Apr 19, 2024, following which the equity shares are expected to be credited to demat accounts on Apr 24, 2024 and listed at the BSE on Apr 26, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sawaca Business Machines Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Mar 7, 2024
Entitlement Ratio
4 : 1
Open Date
Tue, Apr 2, 2024
Close Date
Tue, Apr 30, 2024
Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application.
Sawaca Business Machines Ltd.'s revenue decreased by -4.53% and profit after tax (PAT) rose by 34.34% 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 | 14.38 | 15.87 | 13.15 |
| Revenue | 3.65 | 3.82 | 3.67 |
| Profit After Tax | 0.55 | 0.41 | 0.22 |
| Net Worth | 12.91 | 12.77 | 12.37 |
| Reserves and Surplus | 0.93 | 1.97 | 1.75 |
| Amount in ₹ Crore | |||
Established in 1994, Sawaca Business Machines Limited is an Ahmedabad-based company engaged in the trading and export of machinery and local trading of metal scrap and cotton bales.
In Metal Trading, the company buys and sells various metals, including iron, steel, aluminum, copper, and other base metals.
Sawaca Business Machines Limited trades in perfumery chemicals, metal scraps, and cotton bales. They offer aromatic chemicals, such as geraniol, arsinon, D lemonene, and musk 101, and essential oils, including orange oil, patcholi oil, and various industrial perfumery compounds.
Sawaca Business Machines Limited also provides technical support, software development, and resource deployment for projects. Its IT services segment offers technology solutions to clients from various industries. The company has been in IT consulting and support for years and recently launched a matrimonial website/portal called www.nextgenshaadi.com.
As of 31 May 2023, the company has total of 7 employees in various departments.
The Company intends to utilize the proceeds of the Issue, after deducting Issue related expenses ("Net Proceeds") towards the following objects:
[Dilip Davda] Though this RI is at par, its financial performance and the low promoters’ holding raise concern over its future trends. This RI may be considered as a “High Risk/No Return” bet and can be skipped. Read detail review...
Sawaca Business Machines Rights Issue 2024 got oversubscribed by 1.04 times by the end of the bidding period with total bid quantity received by BSE of 47,56,52,631 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Apr 30 2024 17:00:00 | 47,56,52,631 | 1.04x |
Sawaca Business Machines Ltd.
45, Chinubhai Towers, Opp. Handloom House,
Ashram Road,
Ahmedabad - 380009
Ahmedabad, Gujarat, 380009
The Sawaca Business Machines Rights Issue 2024 opens on Tue, Apr 2, 2024, and closes on Tue, Apr 30, 2024.
Sawaca Business Machines Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Mar 28, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Apr 8, 2024 |
| Issue Opening Date | Tue, Apr 2, 2024 |
| Issue Closing Date | Tue, Apr 30, 2024 |
| Date of Allotment (on or about) | Fri, Apr 19, 2024 |
| Date of Credit (on or about) | Wed, Apr 24, 2024 |
| Date of Listing (on or about) | Fri, Apr 26, 2024 |
You can apply for Sawaca Business Machines Rights Issue 2024 in two ways:
Steps to apply for Sawaca Business Machines Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Sawaca Business Machines Rights Issue 2024 using Registrar's website (R-WAP)
