₹31.89 Crores | Listing at BSE | Mon, Oct 16, 2023 - Fri, Oct 27, 2023
Syschem (India) Limited Rights Issue comprises 0.7973 Cr equity shares aggregating to ₹31.89 Cr, offered at an issue price of ₹40 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Sep 29, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 4.
The term of payment is defined as following : The full amount of Rs. 40/- per equity shares is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Oct 16, 2023, and closes on Oct 27, 2023, with renunciation of Rights Entitlements permitted up to Oct 23, 2023.
The deemed date of allotment is Nov 4, 2023, following which the equity shares are expected to be credited to demat accounts on Nov 8, 2023 and listed at the BSE on Nov 13, 2023.
Beetal Financial & Computer Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Syschem (India) Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 29, 2023
Entitlement Ratio
1 : 4
Open Date
Mon, Oct 16, 2023
Close Date
Fri, Oct 27, 2023
The full amount of Rs. 40/- per equity shares is payable on application.
Syschem (India) Limited's revenue decreased by -54.56% and profit after tax (PAT) dropped by -69.23% between the financial year ending with July 31, 2023 and March 31, 2023.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 93.04 | 92.71 | 59.81 | 77.17 |
| Revenue | 59.36 | 130.63 | 65.76 | 74.67 |
| Profit After Tax | 1.39 | 4.51 | -1.71 | -5.57 |
| Net Worth | 23.69 | 22.30 | 6.94 | 7.12 |
| Reserves and Surplus | ||||
| Total Borrowing | 1.52 | 1.61 | 1.75 | 12.56 |
| Amount in ₹ Crore | ||||
Incorporated in 1993, Syschem (India) Limited is engaged in the manufacturing of Bulk Drugs, Intermediates, Specialty Chemicals, and contract manufacturing.
The company's product portfolio includes Amoxycillin Trihydrate, Ampicillin Trihydrate, Cloxacillin Sodium, Dicloxacillin Sodium, Flucloxacillin Sodium, Oxacillin Sodium, Cefalexin Monohydrate, Cefadroxil Monohydrate, and Cefaclor.
Syschem (India) is among the very few research-driven API manufacturing companies in India that provide customized solutions at a commercial scale. Its clientele comes from domestic as well as International markets.
The company is headquartered in Chandigarh and has Manufacturing facilities located at Kalka, Panchkula (Haryana).
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] SIL has turned the corner in FY23 and is embarking upon expansion plans. The RI appears to have been priced greedily. Based on its recent financial performance, it is poised for bright prospects ahead. However, well-informed/cash surplus investors may consider parking funds for long-term rewards. Read detail review...
Syschem India Rights Issue 2023 got oversubscribed by 1.48 times by the end of the bidding period with total bid quantity received by BSE of 1,18,16,309 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Oct 27 2023 17:00:00 | 1,18,16,309 | 1.48x |
Syschem (India) Limited
Village Bargodam,
Tehsil Kalka
Dist Panchkula - 133302
Panchkula, Haryana, 133302
Beetal Financial & Computer Services Pvt.Ltd.
The Syschem India Rights Issue 2023 opens on Mon, Oct 16, 2023, and closes on Fri, Oct 27, 2023.
Syschem India Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Oct 23, 2023 |
| Issue Opening Date | Mon, Oct 16, 2023 |
| Issue Closing Date | Fri, Oct 27, 2023 |
| Date of Allotment (on or about) | Sat, Nov 4, 2023 |
| Date of Credit (on or about) | Wed, Nov 8, 2023 |
| Date of Listing (on or about) | Mon, Nov 13, 2023 |
You can apply for Syschem India Rights Issue 2023 in two ways:
Steps to apply for Syschem India Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Syschem India Rights Issue 2023 using Registrar's website (R-WAP)
