₹7.00 Crores | Listing at BSE | Wed, Jan 24, 2024 - Fri, Feb 2, 2024
Sharanam Infraproject And Trading Ltd Rights Issue comprises 7.00 Cr equity shares aggregating to ₹7.00 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 Jan 10, 2024, with the Rights Issue being offered in the entitlement ratio of 7 : 5.
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 Jan 24, 2024, and closes on Feb 2, 2024, with renunciation of Rights Entitlements permitted up to Jan 29, 2024.
The deemed date of allotment is Feb 8, 2024, following which the equity shares are expected to be credited to demat accounts on Feb 13, 2024 and listed at the BSE on Feb 15, 2024.
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
Wed, Jan 10, 2024
Entitlement Ratio
7 : 5
Open Date
Wed, Jan 24, 2024
Close Date
Fri, Feb 2, 2024
Sharanam Infraproject And Trading Ltd's revenue decreased by -100% and profit after tax (PAT) dropped by -852.7% 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 | 4.30 | 4.30 | 4.23 |
| Revenue | 0.00 | 0.18 | 0.46 |
| Profit After Tax | -0.17 | 0.02 | 0.00 |
| Net Worth | |||
| Reserves and Surplus | -1.29 | -1.32 | |
| 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] Though this RI is at par, its NIL holding by promoters and current trading price below the RI price is enough indicators to take a call of staying away from this RI. Read detail review...
Sharanam Infraproject & Trading Rights Issue 2024 got oversubscribed by 1.09 times by the end of the bidding period with total bid quantity received by BSE of 7,65,76,069 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Feb 02 2024 17:00:00 | 7,65,76,069 | 1.09x |
Sharanam Infraproject And Trading Ltd
303, Earth Arise
Nr. Y.M.C.A. Club, S. G. Road
Makarba, Vejalpur, Ahmedabad – 380 051
Ahmedabad, Gujarat, 380051
The Sharanam Infraproject & Trading Rights Issue 2024 opens on Wed, Jan 24, 2024, and closes on Fri, Feb 2, 2024.
Sharanam Infraproject & Trading Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Jan 29, 2024 |
| Issue Opening Date | Wed, Jan 24, 2024 |
| Issue Closing Date | Fri, Feb 2, 2024 |
| Date of Allotment (on or about) | Thu, Feb 8, 2024 |
| Date of Credit (on or about) | Tue, Feb 13, 2024 |
| Date of Listing (on or about) | Thu, Feb 15, 2024 |
You can apply for Sharanam Infraproject & Trading Rights Issue 2024 in two ways:
Steps to apply for Sharanam Infraproject & Trading Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Sharanam Infraproject & Trading Rights Issue 2024 using Registrar's website (R-WAP)
