₹40.00 Crores | Listing at BSE, NSE | Fri, Dec 31, 2021 - Fri, Jan 28, 2022
Shivam Autotech Limited Rights Issue comprises 2.22 Cr equity shares aggregating to ₹40.00 Cr, offered at an issue price of ₹18 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is Dec 10, 2021.
As per the terms of payment, ₹18 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 30, 2021.
The Rights Issue opens on Dec 31, 2021, and closes on Jan 28, 2022, with renunciation of Rights Entitlements permitted up to Jan 21, 2022.
The deemed date of allotment is Feb 4, 2022, following which the equity shares are expected to be credited to demat accounts on Feb 8, 2022 and listed on NSE and BSE on Feb 10, 2022.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shivam Autotech Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 10, 2021
Entitlement Ratio
:
Open Date
Fri, Dec 31, 2021
Close Date
Fri, Jan 28, 2022
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 7,344.11 | 7,243.23 | |
| Total Income | 4,909.28 | 5,888.76 | |
| Profit After Tax | - 225.25 | - 371.34 | |
Shivam Autotech is primarily engaged in the manufacturing of transmission gears and shafts. The company manufactures a range of auto components and accessories including transmission gears, transmission shafts, alternator components, starter motor components, magneto components, and steering components.
The company is an IATF 16949:2016, ISO 45001:2018 & ISO 14001:2015 certified for the manufacture of forged, machined, and heat-treated components. The company also holds the AS 9100- Rev D certification, which makes the company eligible for supplying to all aerospace industries.
The Company has 4 manufacturing plants located at Gurgaon, Haridwar, Bengaluru, and Rohtak.
[Dilip Davda] This company is promoted by DMIPL (Munjal Showa fame). SAL has been reporting losses for the last two and half years and based on this, its asking price is on the higher side. It is poised for bright prospects with its diversification plans afoot. Investors may consider parking of funds for long term. Read detail review...
Shivam Autotech Limited
10, 1st Floor, Tower A, Emaar Digital Greens,
Sector - 61, Golf Course Extension Road,
Gurugram, Haryana-122102, India
Indi, Karnataka, 122102
The Shivam Autotech Rights Issue opens on Fri, Dec 31, 2021, and closes on Fri, Jan 28, 2022.
Shivam Autotech Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Thu, Dec 30, 2021 |
| Last Date for renunciation of Rights Entitlements | Fri, Jan 21, 2022 |
| Issue Opening Date | Fri, Dec 31, 2021 |
| Issue Closing Date | Fri, Jan 28, 2022 |
| Date of Allotment (on or about) | Fri, Feb 4, 2022 |
| Date of Credit (on or about) | Tue, Feb 8, 2022 |
| Date of Listing (on or about) | Thu, Feb 10, 2022 |
You can apply for Shivam Autotech Rights Issue in two ways:
Steps to apply for Shivam Autotech Rights Issue using Net Banking (ASBA)
Steps to apply for Shivam Autotech Rights Issue using Registrar's website (R-WAP)
