₹47.95 Crores | Listing at BSE | Mon, Sep 9, 2024 - Tue, Sep 24, 2024
Sru Steels Ltd Rights Issue comprises 4.80 Cr equity shares aggregating to ₹47.95 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Aug 31, 2024, with the Rights Issue being offered in the entitlement ratio of 4 : 1.
The term of payment is defined as following : All Money Payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 28, 2024.
The Rights Issue opens on Sep 9, 2024, and closes on Sep 24, 2024, with renunciation of Rights Entitlements permitted up to Sep 18, 2024.
The deemed date of allotment is Sep 28, 2024, following which the equity shares are expected to be credited to demat accounts on Oct 1, 2024 and listed at the BSE on Oct 3, 2024.
Beetal Financial & Computer Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Sru Steels Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Aug 31, 2024
Entitlement Ratio
4 : 1
Open Date
Mon, Sep 9, 2024
Close Date
Tue, Sep 24, 2024
All Money Payable at the time of Application.
Sru Steels Ltd's revenue increased by 10% and profit after tax (PAT) dropped by -54% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 19.8 | 17.6 | 17.97 | |
| Revenue | 18.32 | 16.72 | 15.05 | 27.08 |
| Profit After Tax | 0.32 | 0.7 | 0.23 | 0.21 |
| Net Worth | 13.73 | 13.29 | 12.67 | 12.44 |
| Total Borrowing | 0.55 | 0.4 | ||
| Amount in ₹ Crore | ||||
Founded in 1995, Sru Steels Limited manufactures various steel products, including stainless steel, mild steel, steel coils, sheets, and carbon iron steel.
The company's product portfolio includes Aluminum Bars, Rods, and profiles, Aluminum Powder, Aluminum Scrap, Ammonium Molybdenum, G.I. Pipe, Graphite products, and M.S. Pipe and Sheet, among others.
The company serves the corporate and other clients from fabrication and manufacturing industry.
The company also supplies Epoxy Floor Coating, Industrial Epoxy Floor Coating, Epoxy Floor Coating Marine, PU Floor Coating, Epoxy Coating, Epoxy Primer, Epoxy High Build Coating, and Epoxy Heat Resistance Coating.
SRU Steels Limited specializes in trading and wholesaling steel and iron products, focusing on infrastructure and housing. projects in India.
[Dilip Davda] SSL in in the business of trading in Iron and Steel, which is highly competitive and fragmented segment. Though this RI is at par, it’s a “High Risk/Low Return” bet considering minuscule earnings and five-fold equity post this issue. There is no harm in skipping this at par bet. Read detail review...
Sru Steels Rights Issue 2024 got oversubscribed by 1.31 times by the end of the bidding period with total bid quantity received by BSE of 6,28,87,507 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Sep 24 2024 17:00:00 | 6,28,87,507 | 1.31x |
Sru Steels Ltd
107/22, Gali No 3
East, Azad Nagar
Delhi-110051
Delhi, New Delhi, 110051
Beetal Financial & Computer Services Pvt.Ltd.
The Sru Steels Rights Issue 2024 opens on Mon, Sep 9, 2024, and closes on Tue, Sep 24, 2024.
Sru Steels Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Sep 6, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, Sep 18, 2024 |
| Issue Opening Date | Mon, Sep 9, 2024 |
| Issue Closing Date | Tue, Sep 24, 2024 |
| Date of Allotment (on or about) | Sat, Sep 28, 2024 |
| Date of Credit (on or about) | Tue, Oct 1, 2024 |
| Date of Listing (on or about) | Thu, Oct 3, 2024 |
You can apply for Sru Steels Rights Issue 2024 in two ways:
Steps to apply for Sru Steels Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Sru Steels Rights Issue 2024 using Registrar's website (R-WAP)
