FREE Account Opening + No Clearing Fees
Loading...

Skipper Ltd Rights Issue (Skipper Rights Issue 2024) Detail

January 30, 2024 - February 8, 2024
Skipper Ltd Logo

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.

Skipper Rights Issue 2024 Detail

Issue Open January 30, 2024 - February 8, 2024
Security Name Skipper Ltd
Issue Size (Shares) 10,267,021
Issue Size (Amount) ₹199.18 Crores
Issue Price ₹194 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

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.

Entitlement 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Skipper Rights Issue 2024 Issue Timetable

Last Date to buy sharesJanuary 11, 2024
Record Date January 12, 2024
Credit of Rights Entitlements
Bid/Offer Opens On January 30, 2024
Renunciation of Rights Entitlements February 5, 2024
Bid/Offer Closes On February 8, 2024
Deemed Date of Allotment February 15, 2024
Credit Date February 16, 2024
Listing Date February 19, 2024

Company Financials

Skipper Ltd Financial Information (Restated Consolidated)

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 Ended31 Mar 202331 Mar 202231 Mar 2021
Assets2,222.642,083.951,919.27
Revenue1,985.621,711.091,585.53
Profit After Tax35.5725.1521.43
Net Worth767.41732.13707.84
Total Borrowing484.02566.65438.55
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from this Issue towards the following objects:

  1. To meet the Working Capital requirements of the Company; and
  2. General Corporate Purposes.

Skipper Rights Issue 2024 Subscription Status

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 18,195,526 shares.

Skipper Rights Issue 2024 Documents

Skipper Rights Issue 2024 Rating

11
4.5
Rating:Rated 4.5 stars
Vote Here ...

Skipper Rights Issue 2024 Reviews

Company Contact Information

Skipper Ltd
3 A, Louder Street
1st Floor
Kolkata- 700017

Phone: 033 22895731
Email: investor.relations@skipperlimited.com
Website: https://www.skipperlimited.com/

Skipper Rights Issue 2024 Registrar

  1. Maheshwari Datamatics Pvt. Ltd
    Phone: 033 22435029 / 22482248
    Email: mdpldc@yahoo.com
    Website: http://www.mdpl.in

Skipper Rights Issue 2024 Lead Manager(s)

Skipper Rights Issue 2024 FAQs

The Skipper Rights Issue 2024 opens on January 30, 2024, and closes on February 8, 2024.

Skipper Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFebruary 5, 2024
Issue Opening DateJanuary 30, 2024
Issue Closing DateFebruary 8, 2024
Date of Allotment (on or about)February 15, 2024
Date of Credit (on or about)February 16, 2024
Date of Listing (on or about)February 19, 2024

Skipper Rights Issue 2024 price is set at ₹194 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (January 12, 2024).

The record date for the Skipper Rights Issue 2024 is January 12, 2024.

The issue size of Skipper Rights Issue 2024 is of 10,267,021 equity shares at ₹194 per share aggregating upto ₹199.18 Crores.

The Letter of Offer for Skipper Rights Issue 2024 can be download here.

You can apply for Skipper Rights Issue 2024 in two ways:

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

Steps to apply for Skipper Rights Issue 2024 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 Skipper Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Skipper Rights Issue 2024.
  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 Skipper Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Skipper Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

21 Comments

1. Deepak Singla     Link|February 17, 2024 12:35:47 PM
Can anyone tell what if I didn't have Skipper shares as on recorded date and now the right issue is also executed, what to do?

Compare rights issues with Skipper Rights Issue 2024