₹199.18 Crores | Listing at BSE, NSE | Tue, Jan 30, 2024 - Thu, Feb 8, 2024
Skipper Ltd Rights Issue comprises 1.03 Cr equity shares aggregating to ₹199.18 Cr, offered at an issue price of ₹194 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jan 12, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 10.
The term of payment is defined as following : Issue Price of Rs.194 is to be paid as Rs. 48.50 on Application and Rs.145.50 on upto three Additonal Calls as may be decided by the Board/Rights Issue Committee.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Jan 30, 2024, and closes on Feb 8, 2024, with renunciation of Rights Entitlements permitted up to Feb 5, 2024.
The deemed date of allotment is Feb 15, 2024, following which the equity shares are expected to be credited to demat accounts on Feb 16, 2024 and listed at the NSE and the BSE on Feb 19, 2024.
VC Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Maheshwari Datamatics Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Skipper Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jan 12, 2024
Entitlement Ratio
1 : 10
Open Date
Tue, Jan 30, 2024
Close Date
Thu, Feb 8, 2024
Issue Price of Rs.194 is to be paid as Rs. 48.50 on Application and Rs.145.50 on upto three Additonal Calls as may be decided by the Board/Rights Issue Committee.
Skipper Ltd's revenue increased by 16.04% and profit after tax (PAT) rose by 41.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,222.64 | 2,083.95 | 1,919.27 |
| Revenue | 1,985.62 | 1,711.09 | 1,585.53 |
| Profit After Tax | 35.57 | 25.15 | 21.43 |
| Net Worth | 767.41 | 732.13 | 707.84 |
| Total Borrowing | 484.02 | 566.65 | 438.55 |
| Amount in ₹ Crore | |||
Founded in 1981, Skipper Limited manufactures transmission and distribution structures such as towers and poles.
The company manufactures high quality polymer pipes and fittings used in both agricultural and plumbing applications. Skipper has three manufacturing facilities in West Bengal and one in Assam.
The company has a presence in over 55 countries, including Latin America, Europe and Africa.
The company has over 42 years of experience as India's integrated T&D company with its own structure rolling, in-house manufacturing, tower load testing station and EPC for transmission lines.
The company employs over 2,446 people.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
[Dilip Davda] The company has achieved most preferred partner for transmission tower related services and has global footprint. It marked steady growth in its top and bottom lines for the reported periods and based on FY24 earnings, the RI appears fully priced. Considering investor friendly gesture of calling part money on application and rest by one or more calls, investors may park funds for the long term rewards. Read detail review...
Skipper Rights Issue 2024 got oversubscribed by 1.77 times by the end of the bidding period with total bid quantity received by BSE and NSE of 1,81,95,526 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Feb 08 2024 17:00:00 | 1,65,61,079 | 16,34,447 | 1,81,95,526 | 1.77x |
Skipper Ltd
3 A, Louder Street
1st Floor
Kolkata- 700017
Kolkata, West Bengal, 700017
Maheshwari Datamatics Pvt.Ltd.
The Skipper Rights Issue 2024 opens on Tue, Jan 30, 2024, and closes on Thu, Feb 8, 2024.
Skipper Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Feb 5, 2024 |
| Issue Opening Date | Tue, Jan 30, 2024 |
| Issue Closing Date | Thu, Feb 8, 2024 |
| Date of Allotment (on or about) | Thu, Feb 15, 2024 |
| Date of Credit (on or about) | Fri, Feb 16, 2024 |
| Date of Listing (on or about) | Mon, Feb 19, 2024 |
You can apply for Skipper Rights Issue 2024 in two ways:
Steps to apply for Skipper Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Skipper Rights Issue 2024 using Registrar's website (R-WAP)
