₹13.96 Crores | Listing at BSE | Mon, Feb 13, 2023 - Mon, Feb 20, 2023
Spray King Agro Equipment Limited Rights Issue comprises 0.3173 Cr equity shares aggregating to ₹13.96 Cr, offered at an issue price of ₹44 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 2, 2023.
As per the terms of payment, ₹44 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 17, 2023.
The Rights Issue opens on Feb 13, 2023 and closes on Feb 20, 2023.
The deemed date of allotment is Feb 28, 2023, following which the equity shares are expected to be credited to demat accounts on Mar 1, 2023 and listed on the BSE on Mar 2, 2023.
Aryaman Financial Services Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Spray King Agro Equipment Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Feb 2, 2023
Entitlement Ratio
:
Open Date
Mon, Feb 13, 2023
Close Date
Mon, Feb 20, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 13.61 | 26.49 | 0.03 |
| 31-Mar-21 | 9.82 | 20.5 | 0.62 |
| Amount in ₹ Crore | |||
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:
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.
The Company proposes to utilize the Proceeds to:
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Spray King Agro Equipment Limited
Plot No. 590,
G.I.D.C. Phase 2, Dared,
Jamnagar – 361 004
Jamnagar, Gujarat, 361004
The Spray King Agro Equipment Rights Issue 2023 opens on Mon, Feb 13, 2023, and closes on Mon, Feb 20, 2023.
Spray King Agro Equipment Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Fri, Feb 17, 2023 |
| Last Date for renunciation of Rights Entitlements | Tue, Feb 14, 2023 |
| Issue Opening Date | Mon, Feb 13, 2023 |
| Issue Closing Date | Mon, Feb 20, 2023 |
| Date of Allotment (on or about) | Tue, Feb 28, 2023 |
| Date of Credit (on or about) | Wed, Mar 1, 2023 |
| Date of Listing (on or about) | Thu, Mar 2, 2023 |
You can apply for Spray King Agro Equipment Rights Issue 2023 in two ways:
Steps to apply for Spray King Agro Equipment Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Spray King Agro Equipment Rights Issue 2023 using Registrar's website (R-WAP)
