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Sharanam Infraproject And Trading Ltd Rights Issue (Sharanam Infraproject & Trading Rights Issue 2024) Detail

January 24, 2024 - February 2, 2024
Sharanam Infraproject And Trading Ltd Logo

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.

Sharanam Infraproject & Trading Rights Issue 2024 Detail

Issue Open January 24, 2024 - February 2, 2024
Security Name Sharanam Infraproject And Trading Ltd
Issue Size (Shares) 70,001,400
Issue Size (Amount) ₹7.00 Crores
Issue Price ₹1 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment
Entitlement 7 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date

Sharanam Infraproject & Trading Rights Issue 2024 Issue Timetable

Last Date to buy sharesJanuary 9, 2024
Record Date January 10, 2024
Credit of Rights Entitlements
Bid/Offer Opens On January 24, 2024
Renunciation of Rights Entitlements January 29, 2024
Bid/Offer Closes On February 2, 2024
Deemed Date of Allotment February 8, 2024
Credit Date February 13, 2024
Listing Date February 15, 2024

Company Financials

Sharanam Infraproject And Trading Ltd Financial Information (Restated)

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 Ended31 Mar 202331 Mar 202231 Mar 2021
Assets4.304.304.23
Revenue0.000.180.46
Profit After Tax-0.170.020.00
Net Worth
Reserves and Surplus-1.29-1.32
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds raised through the Issue towards the following objects

  1. To meet the working capital requirements of the company

Sharanam Infraproject & Trading Rights Issue 2024 Subscription Status

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 76,576,069 shares.

Sharanam Infraproject & Trading Rights Issue 2024 Documents

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Sharanam Infraproject & Trading Rights Issue 2024 Reviews

Company Contact Information

Sharanam Infraproject And Trading Ltd
303, Earth Arise
Nr. Y.M.C.A. Club, S. G. Road
Makarba, Vejalpur, Ahmedabad – 380 051

Phone: 079-29707666
Email: sharanaminfraproject@gmail.com
Website: https://www.sharanaminfra.co.in/

Sharanam Infraproject & Trading Rights Issue 2024 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: investors@cameoindia.com
    Website: https://ipo.cameoindia.com/

Sharanam Infraproject & Trading Rights Issue 2024 Lead Manager(s)

Sharanam Infraproject & Trading Rights Issue 2024 FAQs

The Sharanam Infraproject & Trading Rights Issue 2024 opens on January 24, 2024, and closes on February 2, 2024.

Sharanam Infraproject & Trading Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsJanuary 29, 2024
Issue Opening DateJanuary 24, 2024
Issue Closing DateFebruary 2, 2024
Date of Allotment (on or about)February 8, 2024
Date of Credit (on or about)February 13, 2024
Date of Listing (on or about)February 15, 2024

Sharanam Infraproject & Trading Rights Issue 2024 price is set at ₹1 per share per equity share.

The eligible shareholders are being offered 7 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (January 10, 2024).

The record date for the Sharanam Infraproject & Trading Rights Issue 2024 is January 10, 2024.

The issue size of Sharanam Infraproject & Trading Rights Issue 2024 is of 70,001,400 equity shares at ₹1 per share aggregating upto ₹7.00 Crores.

The Letter of Offer for Sharanam Infraproject & Trading Rights Issue 2024 can be download here.

You can apply for Sharanam Infraproject & Trading Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Sharanam Infraproject & Trading Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Sharanam Infraproject & Trading Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Sharanam Infraproject & Trading Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Sharanam Infraproject & Trading Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Sharanam Infraproject & Trading Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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