₹36.02 Crores | Listing at BSE | Mon, Aug 5, 2024 - Mon, Aug 19, 2024
Shrydus Industries Limited Rights Issue comprises 2.00 Cr equity shares aggregating to ₹36.02 Cr, offered at an issue price of ₹18 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jul 19, 2024, with the Rights Issue being offered in the entitlement ratio of 5 : 3.
The term of payment is defined as following : The entire amount of the Issue Price of ₹ 18/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 21, 2024.
The Rights Issue opens on Aug 5, 2024, and closes on Aug 19, 2024, with renunciation of Rights Entitlements permitted up to Aug 14, 2024.
The deemed date of allotment is Aug 21, 2024, following which the equity shares are expected to be credited to demat accounts on Aug 26, 2024 and listed at the BSE on Aug 28, 2024.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shrydus Industries Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jul 19, 2024
Entitlement Ratio
5 : 3
Open Date
Mon, Aug 5, 2024
Close Date
Mon, Aug 19, 2024
The entire amount of the Issue Price of ₹ 18/- per Rights Equity Share shall be payable at the time of Application.
Shrydus Industries Ltd's revenue increased by 1.52% and profit after tax (PAT) rose by 75.33% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 16.89 | 6.91 |
| Revenue | 9.45 | 9.31 |
| Profit After Tax | 0.52 | 0.30 |
| Reserves and Surplus | -6.05 | -7.75 |
| Amount in ₹ Crore | ||
Incorporated in January 1983, 'Shrydus Industries Limited is into Healthcare and Pharmaceutical sector. The company currently manufactures adult diapers, baby diapers, and sanitary napkins.
The company now operates a pharmaceutical manufacturing plant in Gujarat, India. The plant produces tablets and capsules for export and has over 468 registered products. Despite the challenges posed by the global pandemic, the plant has demonstrated resilience and is committed to delivering high-quality products. Additionally, it is equipped to manufacture various types of medications. The plant holds approvals from the National Drug Authorities of several East African countries and provides services to Uganda, Tanzania, Kenya, Ethiopia, Congo, and Malawi.
The company has exclusive distributors in Southeast Asian, Latin, and Central American countries. The plant has the capacity to produce approximately 20 million tablets and 4 million capsules daily, including various pharmaceutical products. It is strategically located near major pharmaceutical players like Zydus, Cadilla, and Intas, leveraging its strategic advantage in the pharmaceutical hub.
As March 2024, the company has18 (Eighteen) full-time employees.
The objects of the issue are:
[Dilip Davda] This RI appears to be at a marginal discount, but considering its financial track record, and the quantum jump in its post-RI paid-up equity capital, it is a “High Risk/Low Return” bet. Minuscule financial track record and FY24 earnings are not in line with the asking price. There is no harm in skipping this issue. Read detail review...
Shrydus Industries Rights Issue 2024 got subscribed by 0.96 times by the end of the bidding period with total bid quantity received by BSE of 1,92,13,254 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Aug 19 2024 17:00:00 | 1,92,13,254 | 0.96x |
Shrydus Industries Limited
M/s. Mangalam Housing Development Finance Limited,
24 & 26, Hemanta Basu Sarani,
R.N. Mukherjee Road, Kolkata - 700 001
Kolkata, West Bengal, 700001
Skyline Financial Services Pvt.Ltd.
The Shrydus Industries Rights Issue 2024 opens on Mon, Aug 5, 2024, and closes on Mon, Aug 19, 2024.
Shrydus Industries Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Aug 1, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, Aug 14, 2024 |
| Issue Opening Date | Mon, Aug 5, 2024 |
| Issue Closing Date | Mon, Aug 19, 2024 |
| Date of Allotment (on or about) | Wed, Aug 21, 2024 |
| Date of Credit (on or about) | Mon, Aug 26, 2024 |
| Date of Listing (on or about) | Wed, Aug 28, 2024 |
You can apply for Shrydus Industries Rights Issue 2024 in two ways:
Steps to apply for Shrydus Industries Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Shrydus Industries Rights Issue 2024 using Registrar's website (R-WAP)
