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Incorporated in 1994, Spectrum Foods Limited is a leading B2B Salt and Spices Manufacturer. The company has three divisions: Salt & Spices, Renewables and Hospitality.
Spectrum Foods Limited sells salt, spices, and windmills to Saboo Sodium Chloro Limited. The company has a 1.5-megawatt (MW) wind power project wind turbine located at the Village Mamatkheda Site Village Ringnod Jaora Tehsil, District Ratlam, Madhya Pradesh State. The electricity produced from the windmill plant is sold to Madhya Pradesh Madhya Kshetra Vidyut Company Limited.
| Issue Open | April 8, 2024 - April 22, 2024 |
| Security Name | Spectrum Foods Ltd |
| Issue Size (Shares) | 19,393,544 |
| Issue Size (Amount) | ₹38.79 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Rs. 10.00/- (including premium of Rs. 5) to be paid on applications & balance amount on One or more subsequent Call |
| Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | March 26, 2024 |
| Record Date | March 27, 2024 |
| Credit of Rights Entitlements | April 5, 2024 |
| Bid/Offer Opens On | April 8, 2024 |
| Renunciation of Rights Entitlements | April 17, 2024 |
| Bid/Offer Closes On | April 22, 2024 |
| Deemed Date of Allotment | May 3, 2024 |
| Credit Date | May 9, 2024 |
| Listing Date | May 10, 2024 |
Spectrum Foods Ltd's revenue decreased by -2.14% and profit after tax (PAT) rose by 250.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 17.75 | 13.88 | 16.63 |
| Revenue | 15.82 | 16.17 | |
| Profit After Tax | 7.29 | 0.38 | -0.25 |
| Net Worth | 7.28 | -0.01 | -39,120.00 |
| Reserves and Surplus | 2.43 | -4.86 | |
| Amount in ₹ Crore | |||
The intended use of the Net Proceeds of the Issue by the Company is outlined below:
Spectrum Foods Rights Issue 2024 got oversubscribed by 1.75 times by the end of the bidding period with total bid quantity received by BSE of 33,873,883 shares.
8 3.8 Rating:  Vote Here ... |
Spectrum Foods Ltd
L-5, B-2,
Krishna Marg, C-Scheme,
Jaipur, Rajasthan, India 302001
Phone: +91-141-2379483
Email: account@suryasalt.com
Website: https://www.spectrumfoodsltd.com/
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
The Spectrum Foods Rights Issue 2024 opens on April 8, 2024, and closes on April 22, 2024.
Spectrum Foods Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | April 5, 2024 |
| Last Date for renunciation of Rights Entitlements | April 17, 2024 |
| Issue Opening Date | April 8, 2024 |
| Issue Closing Date | April 22, 2024 |
| Date of Allotment (on or about) | May 3, 2024 |
| Date of Credit (on or about) | May 9, 2024 |
| Date of Listing (on or about) | May 10, 2024 |
Spectrum Foods Rights Issue 2024 price is set at ₹20 per share per equity share.
The eligible shareholders are being offered 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (March 27, 2024).
The record date for the Spectrum Foods Rights Issue 2024 is March 27, 2024.
The issue size of Spectrum Foods Rights Issue 2024 is of 19,393,544 equity shares at ₹20 per share aggregating upto ₹38.79 Crores.
The Letter of Offer for Spectrum Foods Rights Issue 2024 can be download here.
You can apply for Spectrum Foods Rights Issue 2024 in two ways:
Steps to apply for Spectrum Foods Rights Issue 2024 using Net Banking (ASBA)
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 Spectrum Foods Rights Issue 2024 using Registrar's website (R-WAP)
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| Link|April 27, 2024 11:31:31 AM
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Credit Date April 9, 2024
Listing Date April 10, 2024
Admin should check these dates. I believe it should be listed in May 2024. Such errors should be corrected and should not happen in the first place.