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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.
| Issue Open | April 2, 2024 - April 30, 2024 |
| Security Name | Sawaca Business Machines Ltd. |
| Issue Size (Shares) | 457,639,600 |
| Issue Size (Amount) | ₹45.76 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application. |
| Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | March 6, 2024 |
| Record Date | March 7, 2024 |
| Credit of Rights Entitlements | March 28, 2024 |
| Bid/Offer Opens On | April 2, 2024 |
| Renunciation of Rights Entitlements | April 8, 2024 |
| Bid/Offer Closes On | April 30, 2024 |
| Deemed Date of Allotment | April 19, 2024 |
| Credit Date | April 24, 2024 |
| Listing Date | April 26, 2024 |
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 | |||
The Company intends to utilize the proceeds of the Issue, after deducting Issue related expenses ("Net Proceeds") towards the following objects:
Sawaca Business Machines Rights Issue 2024 is subscribed 0.06 times as on April 26, 2024 5:00:00 PM. The total bid quantity received by BSE is 26,597,659 shares.
7 3.9 Rating:  Vote Here ... |
Sawaca Business Machines Ltd.
45, Chinubhai Towers, Opp. Handloom House,
Ashram Road,
Ahmedabad - 380009
Phone: 079-2658 7363
Email: sawaca.business@yahoo.com
Website: https://www.sawacabusiness.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Sawaca Business Machines Rights Issue 2024 opens on April 2, 2024, and closes on April 30, 2024.
Sawaca Business Machines Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | March 28, 2024 |
| Last Date for renunciation of Rights Entitlements | April 8, 2024 |
| Issue Opening Date | April 2, 2024 |
| Issue Closing Date | April 30, 2024 |
| Date of Allotment (on or about) | April 19, 2024 |
| Date of Credit (on or about) | April 24, 2024 |
| Date of Listing (on or about) | April 26, 2024 |
Sawaca Business Machines Rights Issue 2024 price is set at ₹1 per share per equity share.
The eligible shareholders are being offered 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (March 7, 2024).
The record date for the Sawaca Business Machines Rights Issue 2024 is March 7, 2024.
The issue size of Sawaca Business Machines Rights Issue 2024 is of 457,639,600 equity shares at ₹1 per share aggregating upto ₹45.76 Crores.
The Letter of Offer for Sawaca Business Machines Rights Issue 2024 can be download here.
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)
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 Sawaca Business Machines Rights Issue 2024 using Registrar's website (R-WAP)
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| Link|April 11, 2024 10:48:08 AMReply
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