₹400.00 Crores | Listing at BSE | Mon, Apr 22, 2024 - Mon, May 6, 2024
Shiva Cement Ltd. Rights Issue comprises 10.00 Cr equity shares aggregating to ₹400.00 Cr, offered at an issue price of ₹40 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Apr 3, 2024, with the Rights Issue being offered in the entitlement ratio of 20 : 39.
The term of payment is defined as following : The full amount of Rs. 40 is payable on the application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 10, 2024.
The Rights Issue opens on Apr 22, 2024, and closes on May 6, 2024, with renunciation of Rights Entitlements permitted up to Apr 30, 2024.
The deemed date of allotment is May 10, 2024, following which the equity shares are expected to be credited to demat accounts on May 14, 2024 and listed at the BSE on May 20, 2024.
JM Financial Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shiva Cement Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Apr 3, 2024
Entitlement Ratio
20 : 39
Open Date
Mon, Apr 22, 2024
Close Date
Mon, May 6, 2024
The full amount of Rs. 40 is payable on the application.
Shiva Cement Ltd.'s revenue decreased by -52.22% and profit after tax (PAT) dropped by -215.33% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,391.49 | 898.36 |
| Revenue | 3.47 | 7.27 |
| Profit After Tax | -80.47 | -25.52 |
| Amount in ₹ Crore | ||
Shiva Cement Limited was incorporated in 1985 and is engaged in the manufacture of clinker and trading of other related products.
The company's manufacturing facility is located near the geographical boundary of three eastern states of India, namely Odisha, Chhattisgarh and Jharkhand. The company's clinker production plant has a capacity of 4,000 TPD (equivalent to 1.32 MTPA), a waste heat recovery system with a capacity of 8.9 MW and its own 132KV power line. The company is also in the process of setting up a crushing plant for 4 MTPA of limestone at its mines in Khatkurbahal, Odisha.
As on June 30, 2023, the company employed 225 permanent employees.
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is in the business of clinker and cement products and is associated with JSW Cement. This association is the only attraction for a while due to “JSW Group” tag. On the financial performance front, the company has been posting losses for the reported periods and may take few years to wipe out losses and start rewarding the stakeholders. No doubt cement industry is catching attention of investors due to increasing infra developments with high spending. The counter is well managed by vested interest parties above the RI price to tempt investors. But this company’s offer appears costly and one may skip it now and may consider investment at dips post RI listing. Read detail review...
Shiva Cement Rights Issue 2024 got oversubscribed by 1.14 times by the end of the bidding period with total bid quantity received by BSE of 11,44,52,899 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 06 2024 17:00:00 | 11,44,52,899 | 1.14x |
Shiva Cement Ltd.
Village Telighana,
Birangatoli,
Kutra, Sundargarh – 770 018
Sundargarh, Odisha, 770018
The Shiva Cement Rights Issue 2024 opens on Mon, Apr 22, 2024, and closes on Mon, May 6, 2024.
Shiva Cement Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Apr 19, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Apr 30, 2024 |
| Issue Opening Date | Mon, Apr 22, 2024 |
| Issue Closing Date | Mon, May 6, 2024 |
| Date of Allotment (on or about) | Fri, May 10, 2024 |
| Date of Credit (on or about) | Tue, May 14, 2024 |
| Date of Listing (on or about) | Mon, May 20, 2024 |
You can apply for Shiva Cement Rights Issue 2024 in two ways:
Steps to apply for Shiva Cement Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Shiva Cement Rights Issue 2024 using Registrar's website (R-WAP)
