₹49.35 Crores | Listing at BSE | Fri, Nov 8, 2024 - Fri, Dec 6, 2024
Shangar Decor Ltd Rights Issue comprises 8.57 Cr equity shares aggregating to ₹49.35 Cr, offered at an issue price of ₹5.76 per share with a face value of ₹5 per share.
The record date for determining eligible shareholder is Oct 28, 2024, with the Rights Issue being offered in the entitlement ratio of 7 : 1.
The term of payment is defined as following : The Issue Price of Rs. 5.76/- per Equity Share shall be payable at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 12, 2024.
The Rights Issue opens on Nov 8, 2024, and closes on Dec 6, 2024, with renunciation of Rights Entitlements permitted up to Nov 29, 2024.
The deemed date of allotment is Dec 12, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 19, 2024 and listed at the BSE on Dec 24, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shangar Decor Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Oct 28, 2024
Entitlement Ratio
7 : 1
Open Date
Fri, Nov 8, 2024
Close Date
Fri, Dec 6, 2024
The Issue Price of Rs. 5.76/- per Equity Share shall be payable at the time of application.
Shangar Decor Ltd's revenue increased by 34.41% and profit after tax (PAT) rose by 272.76% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 27.87 | 22.79 | 20.29 |
| Revenue | 12.99 | 9.67 | 6.20 |
| Profit After Tax | 0.75 | 0.20 | 0.05 |
| Net Worth | 7.37 | 6.62 | |
| Reserves and Surplus | 1.25 | 0.50 | 0.30 |
| Total Borrowing | 8.47 | 9.81 | 6.48 |
| Amount in ₹ Crore | |||
Incorporated on November 16, 1995. Shangar Decor Limited excels in providing a wide range of decor services.
The company specializes in pre-wedding events, weddings, corporate functions, and exhibitions. Renowned for its creativity and meticulous attention to detail, Shangar Decor has established a strong presence in the Indian event industry. It offers tailored solutions that transform ordinary spaces into unforgettable experiences.
They offer various products like wedding decor, corporate events, government functions, thematic decor and infrastructure projects. The company has 8 full-time employees.
The Company proposes to utilize the net proceeds from the issue towards funding the following objects:
1. Working capital requirement;
2. General Corporate Purpose;
3. To meet Issue Expenses.
[Dilip Davda] The company is operating in a highly competitive and fragmented segment of décor related services for its clients. It posted slow but steady progress in its financial performance for the reported periods, but a minuscule bottom line may pose capital servicing issue as its equity will be eight fold post-RI. The issue appears aggressively priced based on its earnings. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
Shangar Decor Rights Issue 2024 got oversubscribed by 1.15 times by the end of the bidding period with total bid quantity received by BSE of 9,88,83,049 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 06 2024 17:00:00 | 9,88,83,049 | 1.15x |
Shangar Decor Ltd
4 Sharad Flats
Opp-Dharnidhar,
Temple, Ahmedabad-380007
Ahmedabad, Gujarat, 380007
Purva Sharegistry (India) Pvt.Ltd.
The Shangar Decor Rights Issue 2024 opens on Fri, Nov 8, 2024, and closes on Fri, Dec 6, 2024.
Shangar Decor Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Nov 8, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Nov 29, 2024 |
| Issue Opening Date | Fri, Nov 8, 2024 |
| Issue Closing Date | Fri, Dec 6, 2024 |
| Date of Allotment (on or about) | Thu, Dec 12, 2024 |
| Date of Credit (on or about) | Thu, Dec 19, 2024 |
| Date of Listing (on or about) | Tue, Dec 24, 2024 |
You can apply for Shangar Decor Rights Issue 2024 in two ways:
Steps to apply for Shangar Decor Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Shangar Decor Rights Issue 2024 using Registrar's website (R-WAP)
