₹63.00 Crores | Listing at BSE, NSE | Mon, Jun 12, 2023 - Mon, Jun 26, 2023
Shree Rama Multi-Tech Limited Rights Issue comprises 7.00 Cr equity shares aggregating to ₹63.00 Cr, offered at an issue price of ₹9 per share with a face value of ₹5 per share.
The record date for determining eligible shareholders is May 30, 2023, with the Rights Issue being offered in the entitlement ratio of 11:10.
As per the terms of payment, ₹9 per share payable in full at the time of application.
The Rights Issue opens on Jun 12, 2023 and closes on Jun 26, 2023.
The deemed date of allotment is Jul 10, 2023, following which the equity shares are expected to be credited to demat accounts on Jul 12, 2023 and listed on NSE and BSE on Jul 13, 2023.
Vivro Financial Services Pvt.Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shree Rama Multi-Tech Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, May 30, 2023
Entitlement Ratio
11 : 10
Open Date
Mon, Jun 12, 2023
Close Date
Mon, Jun 26, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 120.82 | 131.00 | 21.06 | 24.25 | |
| 31-Mar-21 | 115.79 | 136.00 | 3.43 | 27.87 | -3.50 |
| 31-Mar-22 | 124.50 | 150.74 | -4.92 | 23.11 | -8.25 |
| Amount in ₹ Crore | |||||
Incorporated in 1987, Shree Rama Multi-Tech Limited provides primary packaging solutions for oral care, pharmaceuticals, cosmetics, and fast-moving consumer goods (FMCG) sectors.
The company manufactures packaging products such as laminated tubes ("Lami Tubes"), tube laminates, and flexible laminates.
Shree Rama Multi-Tech Limited's manufacturing facility is located in Moti Bhoyan, Dist. Gandhinagar, Gujarat, and has a capacity to manufacture Lami Tubes of 9,574 Lakhs Nos. per annum and laminates (tube & flexible) of 15,000 metric tons per annum.
The company's client list consist of medium and large scale manufacturers of oral care, pharmaceuticals, cosmetics and FMCG products, and are situated in India as well as overseas in the countries like Belarus, Bulgaria, Indonesia, Nepal, Saudi Arabia, Singapore, Switzerland, Shri Lanka, Slovenia, Tanzania, Tunisia, UAE, USA etc.
The company intends to utilize the net proceeds raised through the issue towards the following objects:
a. Repayment of certain outstanding borrowings including redemption of non-convertible debentures; and
b. General corporate purposes.
[Dilip Davda] The company has fared poorly in the reported periods till FY22. For FY23 it has turned the corner and indicated improved prospects. Its market price has been well maintained over and around RI price to lure investors. Well-informed/cash surplus investors may park funds for long-term rewards. Read detail review...
Shree Rama Multi-Tech Limited
18, Corporate House,
Opp. Dinesh Hall,
Navrangpura, Ahmedabad – 380 009
Ahmedabad, Gujarat, 380009
The Shree Rama Multi-Tech Rights Issue 2023 opens on Mon, Jun 12, 2023, and closes on Mon, Jun 26, 2023.
Shree Rama Multi-Tech Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Wed, Jun 21, 2023 |
| Issue Opening Date | Mon, Jun 12, 2023 |
| Issue Closing Date | Mon, Jun 26, 2023 |
| Date of Allotment (on or about) | Mon, Jul 10, 2023 |
| Date of Credit (on or about) | Wed, Jul 12, 2023 |
| Date of Listing (on or about) | Thu, Jul 13, 2023 |
You can apply for Shree Rama Multi-Tech Rights Issue 2023 in two ways:
Steps to apply for Shree Rama Multi-Tech Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Shree Rama Multi-Tech Rights Issue 2023 using Registrar's website (R-WAP)
