FREE Account Opening + No Clearing Fees
Loading...

Sharat Industries Ltd. Rights Issue (Sharat Industries Rights Issue 2024) Detail

July 24, 2024 - August 7, 2024
Sharat Industries Ltd. Logo

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.

  1. Shrimp hatchery: The shrimp hatchery has a production capacity of more than 400 million seedlings. The hatchery currently produces Vannamei seedlings and is the first hatchery in the country to introduce and indigenize this species from the Pacific region.
  2. Farm: The farm covers an area of approximately 500 acres with a production capacity of over 2,000 tonnes of shrimp per year. It is located on the coast of the Bay of Bengal. SIL owns one of the largest shrimp farms in the country.
  3. Feed mill: SIL produces its own shrimp feed: VANNASTAR. The production unit has a production capacity of more than 20,000 tonnes. SIL is one of the largest shrimp feed producers in the state.
  4. Processing plant: The processing plant was built in accordance with international standards. The plant has widely recognized accreditations such as EIA, EU and FDA approvals. The plant has a processing capacity of more than 7,500 tonnes of frozen shrimp per year. SIL is one of the largest processors and exporters of shrimp in the country.

In the financial year 2022-23, the company recorded a total revenue of Rs. 33,600.72 lacs.

Sharat Industries Rights Issue 2024 Detail

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

Sharat Industries Rights Issue 2024 Issue Timetable

Last Date to buy sharesJuly 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

Company Financials

Sharat Industries Ltd. Financial Information (Restated Standalone)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets203.90197.81
Revenue302.75336.01
Profit After Tax5.876.543.46
Net Worth83.9878.6970.36
Total Borrowing95.5089.2789.16
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards the following objectives:

  1. To augment the existing and incremental working capital requirement of the Company; and
  2. General Corporate Purpose.

Sharat Industries Rights Issue 2024 Documents

Sharat Industries Rights Issue 2024 Rating

0
0.0
Rating:Rated 0.0 stars
Vote Here ...

Sharat Industries Rights Issue 2024 Reviews

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

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/

Sharat Industries Rights Issue 2024 Registrar

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

Sharat Industries Rights Issue 2024 Lead Manager(s)

Find Sharat Industries Rights Issue 2024 Latest Update

Sharat Industries Rights Issue 2024 FAQs

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 EntitlementsJuly 19, 2024
Last Date for renunciation of Rights EntitlementsAugust 1, 2024
Issue Opening DateJuly 24, 2024
Issue Closing DateAugust 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:

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

Steps to apply for Sharat Industries 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 Sharat Industries Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Sharat Industries 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 Sharat Industries Rights Issue 2024 using Registrar's website (R-WAP)

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

1 Comments

1. Murthy   I Like It. |Report Abuse|  Link|July 10, 2024 1:48:10 PMReply
Draft LOF
https://www.bseindia.com/xml-data/corpfiling/AttachLive/a34a0c3f-5f70-47fc-a5f1-776c6822da8b.pdf

Compare rights issues with Sharat Industries Rights Issue 2024