₹48.00 Crores | Listing at BSE | Mon, Jan 13, 2025 - Mon, Feb 10, 2025
Sharanam Infraproject And Trading Ltd Rights Issue comprises 48.00 Cr equity shares aggregating to ₹48.00 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 Dec 31, 2024, with the Rights Issue being offered in the entitlement ratio of 4 : 1.
The term of payment is defined as following : Full amount of Rs 1.00/- per equity share is payable on application by eligible equity shareholders <div
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 14, 2025.
The Rights Issue opens on Jan 13, 2025, and closes on Feb 10, 2025, with renunciation of Rights Entitlements permitted up to Feb 4, 2025.
The deemed date of allotment is Feb 14, 2025, following which the equity shares are expected to be credited to demat accounts on Feb 19, 2025 and listed at the BSE on Feb 25, 2025.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sharanam Infraproject And Trading Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Dec 31, 2024
Entitlement Ratio
4 : 1
Open Date
Mon, Jan 13, 2025
Close Date
Mon, Feb 10, 2025
Full amount of Rs 1.00/- per equity share is payable on application by eligible equity shareholders
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 25.3 | 4.3 | 4.3 |
| Revenue | 1.76 | 0.18 | |
| Profit After Tax | 0.03 | -0.17 | 0.02 |
| Amount in ₹ Crore | |||
Incorporated in February 1992, Sharanam Infraproject And Trading Limited is involved in the retail business of supplying building materials.
The company provides services, including real estate transactions, specifically the buying and selling of land and buildings. It also involves in the activities such as owning, renting, subletting, maintaining, transferring, exchanging, mortgaging, and collecting rent on properties. Additionally, it engages in the business of construction, reconstruction, extension, alteration, and demolition of buildings, as well as the repair, overhaul, and maintenance of properties and related materials.
Sharanam is also engaged in the supply chain distribution of various Steel Products including building materials such as seamless or welded steel pipes,blooms, and slabs, welded pipe, electric resistance welding (ERW), high-frequency induction welding (HFI), longitudinal submerged arc welding (LSAW), seamless pipe, oil and gas industry usage, real Estate and infrastructural projects in Gujarat & nearby states.
The Company intends to utilize the Net Proceeds raised through the Issue towards the following objects
[Dilip Davda] The company is engaged as a trader in supply chain distribution of various steel products in Gujarat and nearby states. It emerged at a frequent visitor for Rights Issue fund mobilizing candidate. This is the 3rd RI from the company since May 2023. Last RI was on January 2024. It posted minuscule financial performance for the reported periods. Five-fold equity post RI may pose its servicing issue going forward. Though the RI is at par, it’s a High Risk/Low Return bet, one can just skip. Read detail review...
Sharanam Infraproject Rights Issue December 2024 got subscribed by 0.99 times by the end of the bidding period with total bid quantity received by BSE of 47,54,11,427 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Feb 10 2025 17:00:00 | 47,54,11,427 | 0.99x |
Sharanam Infraproject And Trading Ltd
Shop A-915,
The Capital, Opposite Hetarth Party Plot,
Science City Road, Sola, Ahmedabad, 380060
Ahmedabad, Gujarat, 380060
The Sharanam Infraproject Rights Issue December 2024 opens on Mon, Jan 13, 2025, and closes on Mon, Feb 10, 2025.
Sharanam Infraproject Rights Issue December 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Jan 10, 2025 |
| Last Date for renunciation of Rights Entitlements | Tue, Feb 4, 2025 |
| Issue Opening Date | Mon, Jan 13, 2025 |
| Issue Closing Date | Mon, Feb 10, 2025 |
| Date of Allotment (on or about) | Fri, Feb 14, 2025 |
| Date of Credit (on or about) | Wed, Feb 19, 2025 |
| Date of Listing (on or about) | Tue, Feb 25, 2025 |
You can apply for Sharanam Infraproject Rights Issue December 2024 in two ways:
Steps to apply for Sharanam Infraproject Rights Issue December 2024 using Net Banking (ASBA)
Steps to apply for Sharanam Infraproject Rights Issue December 2024 using Registrar's website (R-WAP)
