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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.
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 |
Last Date to buy shares | January 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 |
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 |
The Company intends to utilize the Net Proceeds raised through the Issue towards the following objects
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 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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investors@cameoindia.com
Website: https://ipo.cameoindia.com/
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 Entitlements | January 29, 2024 |
Issue Opening Date | January 24, 2024 |
Issue Closing Date | February 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:
Steps to apply for Sharanam Infraproject & Trading Rights Issue 2024 using Net Banking (ASBA)
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)
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