₹49.90 Crores | Listing at BSE, NSE | Mon, Apr 10, 2023 - Mon, Apr 24, 2023
SEPC Limited Rights Issue comprises 4.99 Cr equity shares aggregating to ₹49.90 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Mar 29, 2023, with the Rights Issue being offered in the entitlement ratio of 2:53.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Issue opens on Apr 10, 2023 and closes on Apr 24, 2023.
The deemed date of allotment is May 3, 2023, following which the equity shares are expected to be credited to demat accounts on May 5, 2023 and listed on NSE and BSE on May 8, 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
Wed, Mar 29, 2023
Entitlement Ratio
2 : 53
Open Date
Mon, Apr 10, 2023
Close Date
Mon, Apr 24, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2,602.65 | 1,258.87 | -77.26 |
| 31-Mar-21 | 2,416.29 | 606.13 | -179.47 |
| 31-Mar-22 | 2,223.22 | 340.59 | -263.70 |
| Amount in ₹ Crore | |||
Incorporated in 2000, SPEC Limited provides engineering solutions through multi-disciplinary design, procurement, construction, and project management services.
The company serves in the Process & Metallurgy, Power, Water Infrastructure, and Mining & Mineral Processing business segments.
SPEC Limited's customer list includes Ahmedabad Urban Development Corporation, Bangalore Water Supply and Sewerage Board, Basra Governorate, Republic of Iraq, Konkola Copper Mines plc, Zambia, and many more.
The company proposes to utilize the net proceeds from the issue towards funding the following objects:
[Dilip Davda] Though this RI is at par, its financial performance is listless. The company has failed to maintain investors' confidence in its maiden IPO. However, considering the group’s repute and bright prospects for the segments it is involved in well-informed/cash surplus/risk seeker investors may park funds in an at-par issue for the long-term rewards. Read detail review...
SEPC Limited
4th Floor, BASCON FUTURA SV IT Park,
Venkatnarayana Road, Parthasarathy Puram,
T. Nagar, Chennai – 600017
Chennai, Tamil Nadu, 600017
The SEPC Rights Issue 2023 opens on Mon, Apr 10, 2023, and closes on Mon, Apr 24, 2023.
SEPC Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Tue, Apr 18, 2023 |
| Issue Opening Date | Mon, Apr 10, 2023 |
| Issue Closing Date | Mon, Apr 24, 2023 |
| Date of Allotment (on or about) | Wed, May 3, 2023 |
| Date of Credit (on or about) | Fri, May 5, 2023 |
| Date of Listing (on or about) | Mon, May 8, 2023 |
You can apply for SEPC Rights Issue 2023 in two ways:
Steps to apply for SEPC Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for SEPC Rights Issue 2023 using Registrar's website (R-WAP)
