₹49.90 Crores | Listing at BSE, NSE | Wed, Dec 6, 2023 - Mon, Dec 18, 2023
SEPC Limited Rights Issue comprises 3.84 Cr equity shares aggregating to ₹49.90 Cr, offered at an issue price of ₹13 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Nov 28, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 36.
The term of payment is defined as following : ₹13/- per Rights Equity Share including premium of ₹ 3/- per Rights Equity Share shall be payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Dec 6, 2023, and closes on Dec 18, 2023, with renunciation of Rights Entitlements permitted up to Dec 12, 2023.
The deemed date of allotment is Dec 22, 2023, following which the equity shares are expected to be credited to demat accounts on Dec 27, 2023 and listed at the NSE and the BSE on Dec 29, 2023.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the SEPC Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Nov 28, 2023
Entitlement Ratio
1 : 36
Open Date
Wed, Dec 6, 2023
Close Date
Mon, Dec 18, 2023
₹13/- per Rights Equity Share including premium of ₹ 3/- per Rights Equity Share shall be payable on Application.
SEPC Limited's revenue increased by 17.11% and profit after tax (PAT) rose by 98.14% 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 | 2,001.82 | 2,223.22 | 2,416.29 |
| Revenue | 398.88 | 340.59 | 606.14 |
| Profit After Tax | -4.90 | -263.70 | -179.47 |
| Net Worth | 1,088.09 | 739.47 | 1,005.11 |
| Reserves and Surplus | -237.96 | -227.17 | 21.84 |
| Total Borrowing | 405.83 | 978.27 | 835.89 |
| Amount in ₹ Crore | |||
Incorporated in 2000, Shriram EPC Limited is an end-to-end solutions provider for Engineering, Procurement, and Construction (EPC) projects, offering multi-disciplinary services and project management solutions. SEPC Limited, which stands for "Solution Engineering Procurement Construction," focuses on providing turnkey solutions in two main business areas:
1. Infrastructure, including Water and sewer and Road projects.
2. Process and Metallurgy, which includes Process Plants, Steel Plants, Mine Development, and Power Plants.
The company is an Engineering Procurement and Construction Company certified with ISO 9001-2015 QMS DAkkS, ISO 9001-2015 QMS NABCB, ISO 45001-2018 DAkkS, and ISO 14001- 2015 EMS DAkkS.
The core strength of the company lies in the following:-
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
➢ To augment the existing and incremental working capital requirement of our Company; and
➢ General Corporate Purposes.
[Dilip Davda] The counter is currently under ASM Stage 1 and is well managed above the RI price to lure investors. This is the 2nd RI within 9 months’ period. It has posted listless performance so far with losses and has higher capital base. Shriram tag is the only plus point for a while. Post-RI, hike in its paid-up capital at high level indicates longer gestation for servicing. Though it has posted turnaround for H1 of FY24, based on its negative NAV, there is no harm in skipping this High Risk/Low Return RI. Read detail review...
SEPC Limited Rights Issue 2023 got oversubscribed by 5.52 times by the end of the bidding period with total bid quantity received by BSE and NSE of 21,17,67,092 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Dec 18 2023 16:50:00 | 13,37,67,326 | 7,79,99,766 | 21,17,66,676 | 5.52x |
SEPC Limited
4th Floor, Bascon Futura SV
IT Park Venkatanarayana Road
Parthasarathy Puram, T. Nagar Chennai, 600 017
Chennai, Tamil Nadu, 600017
The SEPC Limited Rights Issue 2023 opens on Wed, Dec 6, 2023, and closes on Mon, Dec 18, 2023.
SEPC Limited Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Tue, Dec 12, 2023 |
| Issue Opening Date | Wed, Dec 6, 2023 |
| Issue Closing Date | Mon, Dec 18, 2023 |
| Date of Allotment (on or about) | Fri, Dec 22, 2023 |
| Date of Credit (on or about) | Wed, Dec 27, 2023 |
| Date of Listing (on or about) | Fri, Dec 29, 2023 |
You can apply for SEPC Limited Rights Issue 2023 in two ways:
Steps to apply for SEPC Limited Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for SEPC Limited Rights Issue 2023 using Registrar's website (R-WAP)
