FREE Account Opening + No Clearing Fees
Loading...

Shiva Cement Ltd. Rights Issue (Shiva Cement Rights Issue 2024) Detail

April 22, 2024 - May 6, 2024
Shiva Cement Ltd. Logo

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.

Shiva Cement Rights Issue 2024 Detail

Issue Open April 22, 2024 - May 6, 2024
Security Name Shiva Cement Ltd.
Issue Size (Shares) 100,000,000
Issue Size (Amount) ₹400.00 Crores
Issue Price ₹40 per share
Face Value ₹2 per share
Listing At BSE
Terms of Payment

The full amount of Rs. 40 is payable on the application.

Entitlement 20 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date

Shiva Cement Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 2, 2024
Record Date April 3, 2024
Credit of Rights Entitlements April 19, 2024
Bid/Offer Opens On April 22, 2024
Renunciation of Rights Entitlements April 30, 2024
Bid/Offer Closes On May 6, 2024
Deemed Date of Allotment May 10, 2024
Credit Date May 14, 2024
Listing Date May 20, 2024

Company Financials

Shiva Cement Ltd. Financial Information (Restated)

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 Ended31 Mar 202331 Mar 2022
Assets1,391.49898.36
Revenue3.477.27
Profit After Tax-80.47-25.52
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the Net Proceeds from the Issue towards the following objects:

  1. Repayment or prepayment, in full or in part, of certain borrowings availed by the company; and
  2. General corporate purposes.

Shiva Cement Rights Issue 2024 Subscription Status

Shiva Cement Rights Issue 2024 is subscribed 0.05 times as on April 26, 2024 5:00:00 PM. The total bid quantity received by BSE is 4,693,659 shares.

Shiva Cement Rights Issue 2024 Documents

Shiva Cement Rights Issue 2024 Rating

13
3.2
Rating:Rated 3.2 stars
Vote Here ...

Shiva Cement Rights Issue 2024 Reviews

Company Contact Information

Shiva Cement Ltd.
Village Telighana,
Birangatoli,
Kutra, Sundargarh – 770 018

Phone: +91 661 246 1300
Email: cs@shivacement.com
Website: http://www.shivacement.com/

Shiva Cement Rights Issue 2024 Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: scl.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Shiva Cement Rights Issue 2024 Lead Manager(s)

Shiva Cement Rights Issue 2024 FAQs

The Shiva Cement Rights Issue 2024 opens on April 22, 2024, and closes on May 6, 2024.

Shiva Cement Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsApril 19, 2024
Last Date for renunciation of Rights EntitlementsApril 30, 2024
Issue Opening DateApril 22, 2024
Issue Closing DateMay 6, 2024
Date of Allotment (on or about)May 10, 2024
Date of Credit (on or about)May 14, 2024
Date of Listing (on or about)May 20, 2024

Shiva Cement Rights Issue 2024 price is set at ₹40 per share per equity share.

The eligible shareholders are being offered 20 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date (April 3, 2024).

The record date for the Shiva Cement Rights Issue 2024 is April 3, 2024.

The issue size of Shiva Cement Rights Issue 2024 is of 100,000,000 equity shares at ₹40 per share aggregating upto ₹400.00 Crores.

The Letter of Offer for Shiva Cement Rights Issue 2024 can be download here.

You can apply for Shiva Cement Rights Issue 2024 in two ways:

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

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

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

4 Comments

4. PRABHAKAR VENKATARAMAN   I Like It. |Report Abuse|  Link|April 25, 2024 11:06:01 AMReply
TODAY BM TO CONSIDER FY2324 FIN RESULTS
3. PRABHAKAR VENKATARAMAN   I Like It. |Report Abuse|  Link|April 18, 2024 3:20:06 PMReply
CONFIDENT TO APPLY AS IT IS JSW GROUP
2. Murthy   I Like It. |Report Abuse|  Link|April 3, 2024 12:56:07 PMReply
Actual letter of offer
https://shivacement.com/wp-content/uploads/2023/10/Draft-Letter-of-Offer.pdf
1. Mukesh Kumar Verma   I Like It. |Report Abuse|  Link|April 1, 2024 9:40:17 AMReply
The company has got lots of potential value for unlocking. It's cement plant has just commenced operations after long closure & takeover by JSW group. The promoters have infused huge fresh funds in the project & during FY 2024-25 it hopes to report operating profits by good margins. Hold tight, the share price will go to Rs65.00 in next 4 months

Compare rights issues with Shiva Cement Rights Issue 2024