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Sharat Industries Limited was founded in 1990 and is an integrated aquaculture company in India.
In the early years, the company successfully bred and processed black tiger prawns before eventually producing scampi prawns. The company consists of four divisions: (1) shrimp hatchery, (2) farm, (3) feed mill, and (4) processing plant.
In the financial year 2022-23, the company recorded a total revenue of Rs. 33,600.72 lacs.
Issue Open | July 24, 2024 - August 7, 2024 |
Security Name | Sharat Industries Ltd. |
Issue Size (Shares) | 15,543,125 |
Issue Size (Amount) | ₹48.18 Crores |
Issue Price | ₹31 per share |
Face Value | ₹10 per share |
Listing At | BSE |
Terms of Payment | Issue Price of Rs.31/- per Equity Share is payable as Rs. 7.75 on Application and Rs.23.25/- on One or more subsequent Call(s). |
Entitlement | 13 Rights Equity Share(s) for every 20 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | July 11, 2024 |
Record Date | July 12, 2024 |
Credit of Rights Entitlements | July 19, 2024 |
Bid/Offer Opens On | July 24, 2024 |
Renunciation of Rights Entitlements | August 1, 2024 |
Bid/Offer Closes On | August 7, 2024 |
Deemed Date of Allotment | August 14, 2024 |
Credit Date | August 20, 2024 |
Listing Date | August 22, 2024 |
Sharat Industries Ltd.'s revenue decreased by -9.9% and profit after tax (PAT) dropped by -10.26% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 203.90 | 197.81 | |
Revenue | 302.75 | 336.01 | |
Profit After Tax | 5.87 | 6.54 | 3.46 |
Net Worth | 83.98 | 78.69 | 70.36 |
Total Borrowing | 95.50 | 89.27 | 89.16 |
Amount in ₹ Crore |
The Company intends to utilize the Net Proceeds from the Issue towards the following objectives:
Sharat Industries Rights Issue 2024 got oversubscribed by 2.21 times by the end of the bidding period with total bid quantity received by BSE of 34,339,813 shares.
Sharat Industries Ltd.
Venkannapalem Village,
T. P. Gudur Mandal,
Nellore - 524 002
Phone: +91 86123 31727
Email: cs@ssharatindustries.com
Website: http://www.sharatindustries.com/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
The Sharat Industries Rights Issue 2024 opens on July 24, 2024, and closes on August 7, 2024.
Sharat Industries Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | July 19, 2024 |
Last Date for renunciation of Rights Entitlements | August 1, 2024 |
Issue Opening Date | July 24, 2024 |
Issue Closing Date | August 7, 2024 |
Date of Allotment (on or about) | August 14, 2024 |
Date of Credit (on or about) | August 20, 2024 |
Date of Listing (on or about) | August 22, 2024 |
Sharat Industries Rights Issue 2024 price is set at ₹31 per share per equity share.
The eligible shareholders are being offered 13 Rights Equity Share(s) for every 20 fully paid-up Equity Shares held on Record Date (July 12, 2024).
The record date for the Sharat Industries Rights Issue 2024 is July 12, 2024.
The issue size of Sharat Industries Rights Issue 2024 is of 15,543,125 equity shares at ₹31 per share aggregating upto ₹48.18 Crores.
The Letter of Offer for Sharat Industries Rights Issue 2024 can be download here.
You can apply for Sharat Industries Rights Issue 2024 in two ways:
Steps to apply for Sharat Industries 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 Sharat Industries Rights Issue 2024 using Registrar's website (R-WAP)
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https://www.bseindia.com/xml-data/corpfiling/AttachLive/a34a0c3f-5f70-47fc-a5f1-776c6822da8b.pdf