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Shree Ram Proteins Limited Rights Issue (Shree Ram Proteins Rights Issue 2023) Detail

July 17, 2023 - August 25, 2023
Shree Ram Proteins Limited Logo

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:

  1. De-linting and de-hulling of Cotton seeds, the process manufactures shot fiber (linter), and De-linted cotton Seeds
  2. The cotton seeds oil extraction process producing refine cotton seeds oil and cotton seeds oil cake
  3. Solvent extraction process, resulting in pre refined wash oil and de-oil cotton seeds cake

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.

Shree Ram Proteins Rights Issue 2023 Detail

Issue Open July 17, 2023 - August 25, 2023
Security Name Shree Ram Proteins Limited
Issue Size (Shares) 214,200,000
Issue Size (Amount) ₹49.27 Crores
Issue Price ₹2.3 per share
Face Value ₹1 per share
Listing At NSE
Terms of Payment

The full amount in regards to the Rights Equity Shares i.e., Rs. 2.30 is payable on application.

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Shree Ram Proteins Rights Issue 2023 Issue Timetable

Last Date to buy sharesJuly 5, 2023
Record Date July 6, 2023
Credit of Rights Entitlements August 12, 2023
Bid/Offer Opens On July 17, 2023
Renunciation of Rights Entitlements August 9, 2023
Bid/Offer Closes On August 25, 2023
Deemed Date of Allotment
Credit Date August 28, 2023
Listing Date September 4, 2023

Company Financials

Shree Ram Proteins Rights Issue 2023 Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets100.83100.10116.05106.08
Revenue156.42152.68288.56162.73
Profit After Tax2.610.846.143.85
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The Issue Proceeds from the Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. General corporate purposes
  3. To meet Public Issue Expenses

Shree Ram Proteins Rights Issue 2023 Documents

Shree Ram Proteins Rights Issue 2023 Rating

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Company Contact Information

Shree Ram Proteins Limited
Imperial Heights Tower-B, Second Floor,
Office No. B-206, 150 Ft Ring Road,
Opp. Big Bazar Na Rajkot - 360005

Phone: +91 28252 80634
Email: info@shreeramproteins.com
Website: http://www.shreeramproteins.com/

Shree Ram Proteins Rights Issue 2023 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: ipo@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

Shree Ram Proteins Rights Issue 2023 Lead Manager(s)

Shree Ram Proteins Rights Issue 2023 FAQs

The Shree Ram Proteins Rights Issue 2023 opens on July 17, 2023, and closes on August 25, 2023.

Shree Ram Proteins Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsAugust 12, 2023
Last Date for renunciation of Rights EntitlementsAugust 9, 2023
Issue Opening DateJuly 17, 2023
Issue Closing DateAugust 25, 2023
Date of Allotment (on or about)
Date of Credit (on or about)August 28, 2023
Date of Listing (on or about)September 4, 2023

Shree Ram Proteins Rights Issue 2023 price is set at ₹2.3 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (July 6, 2023).

The record date for the Shree Ram Proteins Rights Issue 2023 is July 6, 2023.

The issue size of Shree Ram Proteins Rights Issue 2023 is of 214,200,000 equity shares at ₹2.3 per share aggregating upto ₹49.27 Crores.

The Letter of Offer for Shree Ram Proteins Rights Issue 2023 can be download here.

You can apply for Shree Ram Proteins Rights Issue 2023 in two ways:

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

Steps to apply for Shree Ram Proteins Rights Issue 2023 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 Shree Ram Proteins Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Shree Ram Proteins Rights Issue 2023.
  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 Shree Ram Proteins Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Shree Ram Proteins Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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