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Sparc Electrex Limited Rights Issue (Sparc Electrex Rights Issue 2023) Detail

March 14, 2023 - April 12, 2023
Sparc Electrex Limited Logo

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:

  1. POWER TOOLS - Portable Electric Power Tools, Garden Tools, Pneumatic Tools, Cordless Tools, Wood Working Tools
  2. METALS AND STEEL PRODUCTS - Prime Steel Products, Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, Mild & Stainless Steel

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.

Sparc Electrex Rights Issue 2023 Detail

Issue Open March 14, 2023 - April 12, 2023
Security Name Sparc Electrex Limited
Issue Size (Shares) 14,667,000
Issue Size (Amount) ₹27.87 Crores
Issue Price ₹19 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Rs. 4.75 is payable on application and the remaining sum of Rs. 14.25 is payable on subsequent call(s) as determined by the company.

Entitlement 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Sparc Electrex Rights Issue 2023 Issue Timetable

Last Date to buy sharesFebruary 27, 2023
Record Date February 28, 2023
Credit of Rights Entitlements March 9, 2023
Bid/Offer Opens On March 14, 2023
Renunciation of Rights Entitlements April 6, 2023
Bid/Offer Closes On April 12, 2023
Deemed Date of Allotment April 21, 2023
Credit Date April 27, 2023
Listing Date May 3, 2023

Company Financials

Sparc Electrex Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After Tax
31-Mar-200.09-0.01
31-Mar-210.05-2.00
31-Mar-2215.072.12
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds to:

  1. To meet Working Capital Requirements;
  2. To adjust an unsecured loan given by one of Electrex International Private Limited, one of the Corporate Promoters;
  3. To meet issue-related expenses;
  4. General Corporate Purposes.

Sparc Electrex Rights Issue 2023 Documents

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Company Contact Information

Sparc Electrex Limited
1202, 12th Floor, Esperanza Building,
Next to Bank of Baroda, 198, Linking Road,
Bandra (West), Mumbai – 400050

Phone: +91-9819001811
Email: sparcelectrex@gmail.com
Website: http://www.sparcelectrex.com/

Sparc Electrex Rights Issue 2023 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: sparcelectrex.rights@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Sparc Electrex Rights Issue 2023 Lead Manager(s)

Sparc Electrex Rights Issue 2023 FAQs

The Sparc Electrex Rights Issue 2023 opens on March 14, 2023, and closes on April 12, 2023.

Sparc Electrex Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsMarch 9, 2023
Last Date for renunciation of Rights EntitlementsApril 6, 2023
Issue Opening DateMarch 14, 2023
Issue Closing DateApril 12, 2023
Date of Allotment (on or about)April 21, 2023
Date of Credit (on or about)April 27, 2023
Date of Listing (on or about)May 3, 2023

Sparc Electrex Rights Issue 2023 price is set at ₹19 per share per equity share.

The eligible shareholders are being offered 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (February 28, 2023).

The record date for the Sparc Electrex Rights Issue 2023 is February 28, 2023.

The issue size of Sparc Electrex Rights Issue 2023 is of 14,667,000 equity shares at ₹19 per share aggregating upto ₹27.87 Crores.

The Letter of Offer for Sparc Electrex Rights Issue 2023 can be download here.

You can apply for Sparc Electrex Rights Issue 2023 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Sparc Electrex Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Kiran     Link|March 15, 2023 10:14:11 AM
Kindly check Letter of Offer and Registrar name for the Sparc Electrex limited right issue, both are incorrect. Registrar for the same is Linkintime.

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