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Spray King Agro Equipment Limited Rights Issue (Spray King Agro Equipment Rights Issue 2023) Detail

February 13, 2023 - February 20, 2023
Spray King Agro Equipment Limited Logo

Incorporated in 2004, Spray King Agro Equipment Limited is a manufacturer of all types of agricultural parts. The company is an emerging leader in BRASS PARTS manufacturing, which includes products like Brass Fittings, Brass Forging Equipment, Brass Transformer Parts & other Customized Brass Parts.

The foundation of the venture was kept in 1977 as a manufacturer of Turning Components as per print. With time and the incorporation of new innovations, products, and technology, the company has expanded its operations to an extensive scale.

The products of the company are not traded in India alone, but also worldwide in many countries including Australia, USA, Europe, UAE, Canada, South Africa, and so on.

In 2017, Spray King Agro Equipment developed Lead-Free Brass Fittings that meet legislation for portable water applications.

The product portfolio of the company includes:

  1. Brass Compression Fittings
  2. Turning Components
  3. Sanitary Fittings
  4. Brass Pipe & Plumbing Fittings
  5. Extruded Brass Rods
  6. Ball Valves & Non-Return Valves
  7. Agricultural Sprayer Parts & Garden Fittings
  8. CNC Fittings
  9. Forging Speciality

Spray King Agro Equipment Limited is committed to quality and assurance in every product. They strive to manufacture and supply the best brass part to the customer.

Spray King Agro Equipment Rights Issue 2023 Detail

Issue Open February 13, 2023 - February 20, 2023
Security Name Spray King Agro Equipment Limited
Issue Size (Shares) 3,172,769
Issue Size (Amount) ₹13.96 Crores
Issue Price ₹44 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The full amount is payable on application.

Entitlement 1 Right Equity Shares for every 1 Existing Equity Shares held

Spray King Agro Equipment Rights Issue 2023 Issue Timetable

Record Date February 2, 2023
Credit of Rights Entitlements February 17, 2023
Bid/Offer Opens On February 13, 2023
Renunciation of Rights Entitlements February 14, 2023
Bid/Offer Closes On February 20, 2023
Deemed Date of Allotment February 28, 2023
Credit Date March 1, 2023
Listing Date March 2, 2023

Company Financials

Spray King Agro Equipment Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-2013.6126.490.03
31-Mar-219.8220.50.62
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Proceeds to:

  1. Towards working capital requirements
  2. General Corporate Purposes

Spray King Agro Equipment Rights Issue 2023 Documents

Spray King Agro Equipment Rights Issue 2023 Rating

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Spray King Agro Equipment Rights Issue 2023 Reviews

Company Contact Information

Spray King Agro Equipment Limited
Plot No. 590,
G.I.D.C. Phase 2, Dared,
Jamnagar – 361 004

Phone: +91-932-837-7772
Email: info@spraykingagro.com
Website: http://www.spraykingagro.com/

Spray King Agro Equipment Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Spray King Agro Equipment Rights Issue 2023 Lead Manager(s)

Spray King Agro Equipment Rights Issue 2023 FAQs

The Spray King Agro Equipment Rights Issue 2023 opens on February 13, 2023, and closes on February 20, 2023.

Spray King Agro Equipment Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsFebruary 17, 2023
Last Date for renunciation of Rights EntitlementsFebruary 14, 2023
Issue Opening DateFebruary 13, 2023
Issue Closing DateFebruary 20, 2023
Date of Allotment (on or about)February 28, 2023
Date of Credit (on or about)March 1, 2023
Date of Listing (on or about)March 2, 2023

Spray King Agro Equipment Rights Issue 2023 price is set at ₹44 per share per equity share.

The eligible shareholders are being offered 1 Right Equity Shares for every 1 Existing Equity Shares held (February 2, 2023).

The record date for the Spray King Agro Equipment Rights Issue 2023 is February 2, 2023.

The issue size of Spray King Agro Equipment Rights Issue 2023 is of 3,172,769 equity shares at ₹44 per share aggregating upto ₹13.96 Crores.

The Letter of Offer for Spray King Agro Equipment Rights Issue 2023 can be download here.

You can apply for Spray King Agro Equipment Rights Issue 2023 in two ways:

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

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

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

Compare rights issues with Spray King Agro Equipment Rights Issue 2023