₹9.83 Crores | Listing at BSE | Wed, Nov 24, 2021 - Wed, Dec 8, 2021
Swiss Military Consumer Goods Limited Rights Issue comprises 4.91 Cr equity shares aggregating to ₹9.83 Cr, offered at an issue price of ₹2 per share with a face value of ₹2 per share.
The record date for determining eligible shareholders is Nov 9, 2021.
As per the terms of payment, ₹2 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 20, 2021.
The Rights Issue opens on Nov 24, 2021, and closes on Dec 8, 2021, with renunciation of Rights Entitlements permitted up to Dec 3, 2021.
The deemed date of allotment is Dec 20, 2021, following which the equity shares are expected to be credited to demat accounts on Dec 21, 2021 and listed on the BSE on Dec 24, 2021.
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 Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Tue, Nov 9, 2021
Entitlement Ratio
:
Open Date
Wed, Nov 24, 2021
Close Date
Wed, Dec 8, 2021
| Particulars | For the year/period ended (Rs.in Millions) | |||
|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 69.06 | 41.29 | 44.77 | 58.17 |
| Total Income | 73.90 | 52.39 | 40.64 | 50.41 |
| Profit After Tax | 1.79 | 0.26 | -1.96 | -4.18 |
Swiss Military is primarily engaged in the business of promoting, marketing, and selling lifestyle products like travel gear, bags, watches of all kinds, key chains, mugs, jewelry, pearls, decorative products, etc. under the brand 'Swiss Military'. The Company has also added business verticals of men's personal range & home appliances. The company also engages in subscribing for, acquiring, holding, and selling shares, share stocks, debentures, debenture stocks, bonds, mortgages, obligations, securities of any kind issued by other body corporate as trade investments.
Swiss Military is slated to start the business of developing, designing, manufacturing, importing, exporting, distributing Radio Frequency Identification (RFID) logistics or container seals, Radio Frequency Identification (RFID) and Geographic Information system (GIS) products & solutions. Brand "Swiss Military" is a well-established brand with its presence in local as well as international markets.
The Proceeds from the Issue will be utilized towards funding of the following objects:
[Dilip Davda] The company has carried forward losses as of June 30, 2021. It kept diversifying and adding more products in its portfolio which has no reflections in its top line from FY19 to FY21. The sudden boost in FY22 working raises eyebrows. The counter is currently having penal action from BSE for trading restrictions. It is surprising that in such a case, how BSE has permitted this company to approach the primary market for the new float. The counter is purely an operator base counter with wild fluctuations on a thin volume as the promoter’s holding is above 72%. There is no harm in ignoring this RI. Read detail review...
Swiss Military Consumer Goods Limited
W-39, Okhla Industrial Area,
Phase-II,
New Delhi 110020
New Delhi, New Delhi, 110020
The Swiss Military Rights Issue opens on Wed, Nov 24, 2021, and closes on Wed, Dec 8, 2021.
Swiss Military Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Sat, Nov 20, 2021 |
| Last Date for renunciation of Rights Entitlements | Fri, Dec 3, 2021 |
| Issue Opening Date | Wed, Nov 24, 2021 |
| Issue Closing Date | Wed, Dec 8, 2021 |
| Date of Allotment (on or about) | Mon, Dec 20, 2021 |
| Date of Credit (on or about) | Tue, Dec 21, 2021 |
| Date of Listing (on or about) | Fri, Dec 24, 2021 |
You can apply for Swiss Military Rights Issue in two ways:
Steps to apply for Swiss Military Rights Issue using Net Banking (ASBA)
Steps to apply for Swiss Military Rights Issue using Registrar's website (R-WAP)
