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Shree Rama Multi-Tech Limited Rights Issue (Shree Rama Multi-Tech Rights Issue 2023) Detail

June 12, 2023 - June 26, 2023
Shree Rama Multi-Tech Limited Logo

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.

Shree Rama Multi-Tech Rights Issue 2023 Detail

Issue Open June 12, 2023 - June 26, 2023
Security Name Shree Rama Multi-Tech Limited
Issue Size (Shares) 70,000,000
Issue Size (Amount) ₹63.00 Crores
Issue Price ₹9 per share
Face Value ₹5 per share
Listing At BSE, NSE
Terms of Payment

The full amount of the Issue Price being ₹ 9 will be payable on application.

Entitlement 11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Shree Rama Multi-Tech Rights Issue 2023 Issue Timetable

Last Date to buy sharesMay 29, 2023
Record Date May 30, 2023
Credit of Rights Entitlements
Bid/Offer Opens On June 12, 2023
Renunciation of Rights Entitlements June 21, 2023
Bid/Offer Closes On June 26, 2023
Deemed Date of Allotment July 10, 2023
Credit Date July 12, 2023
Listing Date July 13, 2023

Company Financials

Shree Rama Multi-Tech Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20120.82131.0021.0624.25
31-Mar-21115.79136.003.4327.87-3.50
31-Mar-22124.50150.74-4.9223.11-8.25
Amount in ₹ Crore

Objects of the Issue:

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.

Shree Rama Multi-Tech Rights Issue 2023 Documents

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Company Contact Information

Shree Rama Multi-Tech Limited
18, Corporate House,
Opp. Dinesh Hall,
Navrangpura, Ahmedabad – 380 009

Phone: +91 79 2754 6800
Email: cslegal@srmtl.com
Website: http://www.srmtl.com

Shree Rama Multi-Tech Rights Issue 2023 Registrar

  1. Kfin Technologies Limited
    Phone: 04067162222, 04079611000
    Email: srmtl.rights@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Shree Rama Multi-Tech Rights Issue 2023 Lead Manager(s)

Shree Rama Multi-Tech Rights Issue 2023 FAQs

The Shree Rama Multi-Tech Rights Issue 2023 opens on June 12, 2023, and closes on June 26, 2023.

Shree Rama Multi-Tech Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsJune 21, 2023
Issue Opening DateJune 12, 2023
Issue Closing DateJune 26, 2023
Date of Allotment (on or about)July 10, 2023
Date of Credit (on or about)July 12, 2023
Date of Listing (on or about)July 13, 2023

Shree Rama Multi-Tech Rights Issue 2023 price is set at ₹9 per share per equity share.

The eligible shareholders are being offered 11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (May 30, 2023).

The record date for the Shree Rama Multi-Tech Rights Issue 2023 is May 30, 2023.

The issue size of Shree Rama Multi-Tech Rights Issue 2023 is of 70,000,000 equity shares at ₹9 per share aggregating upto ₹63.00 Crores.

The Letter of Offer for Shree Rama Multi-Tech Rights Issue 2023 can be download here.

You can apply for Shree Rama Multi-Tech Rights Issue 2023 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Shree Rama Multi-Tech 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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