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Founded in 1992, Suraj Industries Limited is involved in trading edible oils such as Palm Oil, Soybean Oil, Rice flakes, Malt, and Empty Glass bottles. Additionally, the company processes and bottles liquor.
The company has two main business lines:
The company's liquor processing and bottling unit is at Rajasthan State Ganganagar Sugar Mills Ltd in Ajmer.
As of September 2023, the Company has a workforce of 36 employees in various departments.
Issue Open | July 22, 2024 - August 5, 2024 |
Security Name | Suraj Industries Ltd. |
Issue Size (Shares) | 2,997,375 |
Issue Size (Amount) | ₹19.48 Crores |
Issue Price | ₹65 per share |
Face Value | ₹10 per share |
Listing At | BSE |
Terms of Payment | The Issue Price of Rs. 65 per Rights Equity Share shall be payable in 2 equal tranches, i.e. Rs. 32.50 at the time of Application and balance Rs. 32.50 at the time of one or more subsequent call(s) as may be decided by the Board/ Rights Issue Committee of the Board from time to time |
Entitlement | 7 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | July 9, 2024 |
Record Date | July 10, 2024 |
Credit of Rights Entitlements | July 16, 2024 |
Bid/Offer Opens On | July 22, 2024 |
Renunciation of Rights Entitlements | July 30, 2024 |
Bid/Offer Closes On | August 5, 2024 |
Deemed Date of Allotment | August 9, 2024 |
Credit Date | August 16, 2024 |
Listing Date | August 19, 2024 |
Suraj Industries Ltd.'s revenue decreased by -24.13% and profit after tax (PAT) dropped by -67.47% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 59.90 | 71.36 | 27.07 |
Revenue | 51.77 | 68.22 | 41.29 |
Profit After Tax | 1.55 | 4.77 | 3.07 |
Net Worth | 4.55 | 38.81 | 4.55 |
Reserves and Surplus | 30.89 | 23.87 | -4.99 |
Amount in ₹ Crore |
The Company proposes to utilize the proceeds of the Rights Issue towards the following objects:
Suraj Industries Rights Issue 2024 got oversubscribed by 1.88 times by the end of the bidding period with total bid quantity received by BSE of 5,621,412 shares.
Suraj Industries Ltd.
Plot No. 2, Phase III
Sansarpur Terrace
Distt. Kangra- 173212
Phone: 01970-256414
Email: info@ptcil.com
Website: https://www.surajindustries.org/
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetal@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo
The Suraj Industries Rights Issue 2024 opens on July 22, 2024, and closes on August 5, 2024.
Suraj Industries Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | July 16, 2024 |
Last Date for renunciation of Rights Entitlements | July 30, 2024 |
Issue Opening Date | July 22, 2024 |
Issue Closing Date | August 5, 2024 |
Date of Allotment (on or about) | August 9, 2024 |
Date of Credit (on or about) | August 16, 2024 |
Date of Listing (on or about) | August 19, 2024 |
Suraj Industries Rights Issue 2024 price is set at ₹65 per share per equity share.
The eligible shareholders are being offered 7 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date (July 10, 2024).
The record date for the Suraj Industries Rights Issue 2024 is July 10, 2024.
The issue size of Suraj Industries Rights Issue 2024 is of 2,997,375 equity shares at ₹65 per share aggregating upto ₹19.48 Crores.
The Letter of Offer for Suraj Industries Rights Issue 2024 can be download here.
You can apply for Suraj Industries Rights Issue 2024 in two ways:
Steps to apply for Suraj Industries 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 Suraj Industries Rights Issue 2024 using Registrar's website (R-WAP)
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