₹7.50 Crores | Listing at BSE | Wed, May 31, 2023 - Wed, Jun 28, 2023
Sharanam Infraproject and Trading Limited Rights Issue comprises 7.50 Cr equity shares aggregating to ₹7.50 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 May 22, 2023, with the Rights Issue being offered in the entitlement ratio of 3 : 2.
The term of payment is defined as following :
The Rights Entitlements are expected to be credited to eligible demat accounts on .
The Rights Issue opens on May 31, 2023, and closes on Jun 28, 2023, with renunciation of Rights Entitlements permitted up to Jun 15, 2023.
The deemed date of allotment is [.] following which the equity shares are expected to be credited to demat accounts on and listed at the BSE on [.].
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sharanam Infraproject and Trading Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, May 22, 2023
Entitlement Ratio
3 : 2
Open Date
Wed, May 31, 2023
Close Date
Wed, Jun 28, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 4.30 | 0.18 | 0.02 |
| 31-Mar-23 | 4.30 | -0.17 | |
| Amount in ₹ Crore | |||
Incorporated in 1992, Sharanam Infraproject And Trading Limited engage in the business to set up facilities for the manufacture of wristwatch cases.
The company engages in buying, selling, leasing, maintaining,subletting, maintaining allotting, transferring allotment, administering, exchanging mortgaging, accepting lease, tenancy or sub-tenancy and constructing, reconstructing, extending, altering or demolishing a building or demolishing building or tenements, block, flats, shops, godowns, materials incidental to construction, repair, overhaul or maintenance of land and building to fix and collect rents.
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 proposes to utilize the net proceeds from the issue towards meeting working capital requirements.
[Dilip Davda] Though this RI is at par, its minuscule financial performance and poor track record raise eyebrows. No promoter’s holding is also a major concern. Due to poor response, it has extended the RI closure. Simply stay away from this at-par issue and save your hard-earned money. Read detail review...
Sharanam Infraproject and Trading Limited
303, Earth Arise, Nr. Y.M.C.A. Club,
S. G. Road, Makarba, Vejalpur,
Vejalpur, Ahmedabad 380051
Ahmedabad, Gujarat, 380051
Skyline Financial Services Pvt.Ltd.
The Sharanam Infraproject & Trading Rights Issue 2023 opens on Wed, May 31, 2023, and closes on Wed, Jun 28, 2023.
Sharanam Infraproject & Trading Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Fri, May 26, 2023 |
| Last Date for renunciation of Rights Entitlements | Thu, Jun 15, 2023 |
| Issue Opening Date | Wed, May 31, 2023 |
| Issue Closing Date | Wed, Jun 28, 2023 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
You can apply for Sharanam Infraproject & Trading Rights Issue 2023 in two ways:
Steps to apply for Sharanam Infraproject & Trading Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Sharanam Infraproject & Trading Rights Issue 2023 using Registrar's website (R-WAP)
