₹49.27 Crores | Listing at NSE | Mon, Jul 17, 2023 - Fri, Aug 25, 2023
Shree Ram Proteins Limited Rights Issue comprises 21.42 Cr equity shares aggregating to ₹49.27 Cr, offered at an issue price of ₹2.3 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jul 6, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : The full amount in regards to the Rights Equity Shares i.e., Rs. 2.30 is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on .
The Rights Issue opens on Jul 17, 2023, and closes on Aug 25, 2023, with renunciation of Rights Entitlements permitted up to Aug 9, 2023.
The deemed date of allotment is [.] following which the equity shares are expected to be credited to demat accounts on Aug 28, 2023 and listed at the NSE on Sep 4, 2023.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shree Ram Proteins Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Jul 6, 2023
Entitlement Ratio
1 : 1
Open Date
Mon, Jul 17, 2023
Close Date
Fri, Aug 25, 2023
The full amount in regards to the Rights Equity Shares i.e., Rs. 2.30 is payable on application.
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 100.83 | 100.10 | 116.05 | 106.08 |
| Revenue | 156.42 | 152.68 | 288.56 | 162.73 |
| Profit After Tax | 2.61 | 0.84 | 6.14 | 3.85 |
| Net Worth | ||||
| Reserves and Surplus | ||||
| Total Borrowing |
Incorporated in 2008, Shree Ram Proteins Limited is engaged in the business of de-linting and de-hulling of cotton seeds. This is executed by a mechanical process, further the company also engaged in oil extraction from cotton seeds and solvent extraction from cotton seeds oil cake and ground nuts.
The products manufactured by Shree Ram Proteins Limited are: Cotton linter, Delinted Cotton Seeds, Cotton seed husk/hulls, Cotton Seeds Oil Cake, Cotton Seeds De-oil Cake, Pre- Refine Wash Oil, Ground Nuts Oil Cake, Cotton (Kapas), and Cotton Bales.
The company carries out its manufacturing at its facility, which is situated in Rajkot.
The manufacturing process of the product is undertaken in the following steps:
The products of the company are then put in process to produce further products, for instance, Cotton linter can be used in paper manufacturing. It can also be used as raw materials for manufacture of cellulose.
The Issue Proceeds from the Issue will be utilized towards the following objects:
[Dilip Davda] Though the company operates in a highly competitive and fragmented segment, it has posted erratic financial performances for the reported period with a rollercoaster ride. The promoters' holding is around 22% now, indicating their low confidence. There is no harm in skipping this “High Risk/Low Return” RI offer. Read detail review...
Shree Ram Proteins Limited
Imperial Heights Tower-B, Second Floor,
Office No. B-206, 150 Ft Ring Road,
Opp. Big Bazar Na Rajkot - 360005
Rajkot, Gujarat, 360005
Skyline Financial Services Pvt.Ltd.
The Shree Ram Proteins Rights Issue 2023 opens on Mon, Jul 17, 2023, and closes on Fri, Aug 25, 2023.
Shree Ram Proteins Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Sat, Aug 12, 2023 |
| Last Date for renunciation of Rights Entitlements | Wed, Aug 9, 2023 |
| Issue Opening Date | Mon, Jul 17, 2023 |
| Issue Closing Date | Fri, Aug 25, 2023 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | Mon, Aug 28, 2023 |
| Date of Listing (on or about) | Mon, Sep 4, 2023 |
You can apply for Shree Ram Proteins Rights Issue 2023 in two ways:
Steps to apply for Shree Ram Proteins Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Shree Ram Proteins Rights Issue 2023 using Registrar's website (R-WAP)
