₹27.87 Crores | Listing at BSE | Tue, Mar 14, 2023 - Wed, Apr 12, 2023
Sparc Electrex Limited Rights Issue comprises 1.47 Cr equity shares aggregating to ₹27.87 Cr, offered at an issue price of ₹19 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 28, 2023, with the Rights Issue being offered in the entitlement ratio of 3:1.
As per the terms of payment, ₹19 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 9, 2023.
The Rights Issue opens on Mar 14, 2023 and closes on Apr 12, 2023.
The deemed date of allotment is Apr 21, 2023, following which the equity shares are expected to be credited to demat accounts on Apr 27, 2023 and listed on the BSE on May 3, 2023.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sparc Electrex Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Feb 28, 2023
Entitlement Ratio
3 : 1
Open Date
Tue, Mar 14, 2023
Close Date
Wed, Apr 12, 2023
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-20 | 0.09 | -0.01 |
| 31-Mar-21 | 0.05 | -2.00 |
| 31-Mar-22 | 15.07 | 2.12 |
| Amount in ₹ Crore | ||
Incorporated in 1989, Sparc Electrex Limited is engaged in the manufacturing, import, export, trading, and dealing of various kinds of Garden Tools, Power Tools, Cordless Tools, Hand Tools, Machinery, Spares & Accessories. It also trades in Prime Steel Products, Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, Mild & Stainless Steel, and all kinds of Metals.
The products range of the company is spread across:
Sparc Electrex Limited is led by a strong team of highly skilled and experienced management group. The company has wide experience in the field.
Earlier the company was engaged in the business of Video Security Systems and Electronic Document Storage Systems. The same was discontinued after the takeover in October. Since then, Sparc diversified its operations in new fields.
One of the key strengths of the company is its wide range of products to offer to the customers. There are inbuilt quality assurance systems to ensure highest quality products are served to the end users.
The Company proposes to utilize the Net Proceeds to:
[Dilip Davda] This RI is at a bit discount to its last traded price. It has some carried forward losses. A four-fold rise in its paid-up equity capital post-RI may have servicing issue of a higher equity base. The segment is highly competitive. There is no harm in skipping this RI as it is a “High-risk / No-return” bet. Read detail review...
Sparc Electrex Limited
1202, 12th Floor, Esperanza Building,
Next to Bank of Baroda, 198, Linking Road,
Bandra (West), Mumbai – 400050
Bandra, Maharashtra, 400050
The Sparc Electrex Rights Issue 2023 opens on Tue, Mar 14, 2023, and closes on Wed, Apr 12, 2023.
Sparc Electrex Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Thu, Mar 9, 2023 |
| Last Date for renunciation of Rights Entitlements | Thu, Apr 6, 2023 |
| Issue Opening Date | Tue, Mar 14, 2023 |
| Issue Closing Date | Wed, Apr 12, 2023 |
| Date of Allotment (on or about) | Fri, Apr 21, 2023 |
| Date of Credit (on or about) | Thu, Apr 27, 2023 |
| Date of Listing (on or about) | Wed, May 3, 2023 |
You can apply for Sparc Electrex Rights Issue 2023 in two ways:
Steps to apply for Sparc Electrex Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Sparc Electrex Rights Issue 2023 using Registrar's website (R-WAP)
