₹49.88 Crores | Listing at BSE | Mon, Jul 10, 2023 - Mon, Jul 24, 2023
Shraddha Prime Projects Limited Rights Issue comprises 1.66 Cr equity shares aggregating to ₹49.88 Cr, offered at an issue price of ₹30 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jul 3, 2023, with the Rights Issue being offered in the entitlement ratio of 365 : 100.
The term of payment is defined as following : The full amount of Rs. 30 on Rights Equity Shares will be payable on the application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jul 28, 2023.
The Rights Issue opens on Jul 10, 2023, and closes on Jul 24, 2023, with renunciation of Rights Entitlements permitted up to Jul 19, 2023.
The deemed date of allotment is Jul 28, 2023, following which the equity shares are expected to be credited to demat accounts on Aug 1, 2023 and listed at the BSE on Aug 3, 2023.
RCMC Share Registry Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shraddha Prime Projects Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Jul 3, 2023
Entitlement Ratio
365 : 100
Open Date
Mon, Jul 10, 2023
Close Date
Mon, Jul 24, 2023
The full amount of Rs. 30 on Rights Equity Shares will be payable on the application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1.19 | 0.10 | -0.25 |
| 31-Mar-22 | 21.43 | 0.13 | -0.31 |
| 31-Mar-23 | 133.23 | 8.62 | 0.62 |
| Amount in ₹ Crore | |||
Incorporated in 1993, Shraddha Prime Projects Limited is an integrated construction and real estate development company, primarily focused on the construction and development of residential and commercial projects, in and around Mumbai, Maharashtra.
The "Shraddha Group" brand has established a successful track record in the real estate industry in Mumbai and Pune. They engaged in developing real estate projects by focussing on innovative architecture, strong project execution, and quality construction.
Broady Shraddha Group undertakes the business of real estate involving developing, leasing, constructing, and redevelopment, etc. various residential and commercial projects.
The Net Proceeds from the Issue are proposed to be utilized by our Company for the following objects:
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its financial performance so far has been listless and not matching the asking price. There is no harm in skipping this “High Risk/Low Return” RI offer. Read detail review...
Shraddha Prime Projects Limited
A-309, Kanara Business Centre Premises CS Limited,
Link Road, Laxmi Nagar,
Ghatkopar (East), Mumbai – 400 075
Ghatkopar, Maharashtra, 400075
The Shraddha Prime Projects Rights Issue 2023 opens on Mon, Jul 10, 2023, and closes on Mon, Jul 24, 2023.
Shraddha Prime Projects Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Fri, Jul 7, 2023 |
| Last Date for renunciation of Rights Entitlements | Wed, Jul 19, 2023 |
| Issue Opening Date | Mon, Jul 10, 2023 |
| Issue Closing Date | Mon, Jul 24, 2023 |
| Date of Allotment (on or about) | Fri, Jul 28, 2023 |
| Date of Credit (on or about) | Tue, Aug 1, 2023 |
| Date of Listing (on or about) | Thu, Aug 3, 2023 |
You can apply for Shraddha Prime Projects Rights Issue 2023 in two ways:
Steps to apply for Shraddha Prime Projects Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Shraddha Prime Projects Rights Issue 2023 using Registrar's website (R-WAP)
