₹49.15 Crores | Listing at BSE | Fri, Aug 23, 2024 - Fri, Sep 6, 2024
Swiss Military Consumer Goods Ltd. Rights Issue comprises 3.93 Cr equity shares aggregating to ₹49.15 Cr, offered at an issue price of ₹12.5 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Aug 9, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 5.
The term of payment is defined as following : The entire amount of the Issue Price of ₹12.5/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 18, 2024.
The Rights Issue opens on Aug 23, 2024, and closes on Sep 6, 2024, with renunciation of Rights Entitlements permitted up to Sep 3, 2024.
The deemed date of allotment is Sep 18, 2024, following which the equity shares are expected to be credited to demat accounts on Sep 19, 2024 and listed at the BSE on Sep 24, 2024.
Turnaround Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Alankit Assignments Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Swiss Military Consumer Goods Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Aug 9, 2024
Entitlement Ratio
1 : 5
Open Date
Fri, Aug 23, 2024
Close Date
Fri, Sep 6, 2024
The entire amount of the Issue Price of ₹12.5/- per Rights Equity Share shall be payable at the time of Application.
Swiss Military Consumer Goods Ltd.'s revenue increased by 120.89% and profit after tax (PAT) rose by 124.83% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 72.31 | 26.71 | 4.13 |
| Revenue | 123.03 | 55.70 | 5.24 |
| Profit After Tax | 6.18 | 2.75 | 0.03 |
| Reserves and Surplus | -2.57 | -7.74 | -5.76 |
| Amount in ₹ Crore | |||
Incorporated in January 1989, Swiss Military Consumer Goods Limited sells various lifestyle products under the brand "Swiss Military." Their product categories include men's innerwear, brown goods/home appliances, and RIFD e-seals. They also offer travel gear, bags, keychains, mugs, golf accessories, and electronic products.
"Swiss Military" is a well-known Swiss brand registered in over 40 countries and available in 26 countries. The brand offers a wide range of lifestyle products, including travel gear, writing instruments, watches, home appliances, garments, accessories, and more, with over 1900 SKUs globally.
The objects of the Issue are:
[Dilip Davda] The company has marked hat trick in issuing right shares since November 2021. It posted growth in its top and bottom lines for the last two fiscals. But the earnings do not match the quantum jump in its equity capital. The company is trading in third party contracted products and selling under its own brand “Swiss Military”. Considering its latest NAV and equity base, it’s a “High Risk/Low Return” bet. Well-informed investors may park moderate funds. Read detail review...
Swiss Military Consumer Goods Rights Issue 2024 got oversubscribed by 2.07 times by the end of the bidding period with total bid quantity received by BSE of 8,12,69,473 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Sep 06 2024 17:00:00 | 8,12,69,473 | 2.07x |
Swiss Military Consumer Goods Ltd.
W-39, Okhla Industrial
Area, Phase- II,
New Delhi- 110020
New Delhi, New Delhi, 110020
The Swiss Military Consumer Goods Rights Issue 2024 opens on Fri, Aug 23, 2024, and closes on Fri, Sep 6, 2024.
Swiss Military Consumer Goods Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Tue, Sep 3, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Sep 3, 2024 |
| Issue Opening Date | Fri, Aug 23, 2024 |
| Issue Closing Date | Fri, Sep 6, 2024 |
| Date of Allotment (on or about) | Wed, Sep 18, 2024 |
| Date of Credit (on or about) | Thu, Sep 19, 2024 |
| Date of Listing (on or about) | Tue, Sep 24, 2024 |
You can apply for Swiss Military Consumer Goods Rights Issue 2024 in two ways:
Steps to apply for Swiss Military Consumer Goods Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Swiss Military Consumer Goods Rights Issue 2024 using Registrar's website (R-WAP)
