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The Sandur Manganese & Iron Ores Limited Rights Issue (The Sandur Manganese & Iron Ores Rights Issue 2022) Detail

Aug 8, 2022 - Aug 29, 2022
The Sandur Manganese & Iron Ores Limited Logo

The Sandur Manganese & Iron Ores Limited is engaged in Mining (Manganese & Iron Ores), Ferroalloys and Coke & Energy. The company has 2 mining leases located in Sandur, Ballari district of Karnataka. These mining leases have been operated by the Company since its inception in 1954.

The Sandur Manganese & Iron Ores Limited also engages in the processing of Manganese Ores, Iron ores, Ferromanganese, Coke, Silicomanganese and Ferro Silicon.

The Sandur Manganese & Iron Ores Rights Issue 2022 Detail

Issue Open Aug 8, 2022 - Aug 29, 2022
Security Name The Sandur Manganese & Iron Ores Limited
Issue Size (Shares) 18,003,882
Issue Size (Amount) ₹18.00 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Investors will have to pay the entire offer price i.e. ₹10/- per Rights Equity Share at the time of Application.

Entitlement 2 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record Date

The Sandur Manganese & Iron Ores Rights Issue 2022 Issue Timetable

Bid/Offer Opens On Aug 8, 2022
Bid/Offer Closes On Aug 29, 2022
Record Date Jul 27, 2022
Deemed Date of Allotment Sep 7, 2022
Renunciation of Rights Entitlements Aug 23, 2022

Company Financials

The Sandur Manganese & Iron Ores Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-211723.87764.36153.931029.51
31-Mar-222701.62283.97675.111695.63
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilise the issue proceeds for the following objects:

  • Investment in the Equity Shares of "Renew Sandur Green Energy Private Limited" (the "Proposed SPV").
  • Issue related expenses.

The Sandur Manganese & Iron Ores Rights Issue 2022 Documents

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The Sandur Manganese & Iron Ores Rights Issue 2022 Reviews

Company Contact Information

The Sandur Manganese & Iron Ores Limited
“SATYALAYA” Door No.266 (Old No.80),
Ward No. 1, Behind Taluk Office,
Sandur – 583 119 Ballari District

Phone: +91 9448497985
Email: investors@sandurgroup.com
Website: https://www.sandurgroup.com/

The Sandur Manganese & Iron Ores Rights Issue 2022 Registrar

  1. Venture Capital And Corporate Investments Pvt Ltd
    Phone: 040-23818475, 23818476, 23868023
    Email: investor.relations@vccipl.com
    Website: https://www.vccipl.com

The Sandur Manganese & Iron Ores Rights Issue 2022 Lead Manager(s)

The Sandur Manganese & Iron Ores Rights Issue 2022 FAQs

The The Sandur Manganese & Iron Ores Rights Issue 2022 opens on Aug 8, 2022, and closes on Aug 29, 2022.

The Sandur Manganese & Iron Ores Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsAug 7, 2022
Last Date for renunciation of Rights EntitlementsAug 23, 2022
Issue Opening DateAug 8, 2022
Issue Closing DateAug 29, 2022
Date of Allotment (on or about)Sep 7, 2022
Date of Credit (on or about)Sep 8, 2022
Date of Listing (on or about)Sep 13, 2022

The Sandur Manganese & Iron Ores Rights Issue 2022 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 2 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record Date (Jul 27, 2022).

The record date for the The Sandur Manganese & Iron Ores Rights Issue 2022 is Jul 27, 2022.

The issue size of The Sandur Manganese & Iron Ores Rights Issue 2022 is of 18,003,882 equity shares at ₹10 per share aggregating upto ₹18.00 Crores.

The Letter of Offer for The Sandur Manganese & Iron Ores Rights Issue 2022 can be download here.

You can apply for The Sandur Manganese & Iron Ores Rights Issue 2022 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for The Sandur Manganese & Iron Ores Rights Issue 2022 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the The Sandur Manganese & Iron Ores Rights Issue 2022 available on the list.
  4. Click the Apply button next to the The Sandur Manganese & Iron Ores Rights Issue 2022.
  5. Fill and check your information.
  6. Submit the application.

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 The Sandur Manganese & Iron Ores Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select The Sandur Manganese & Iron Ores Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

40 Comments

40. NAGA RAJU B   I Like It. | Report Abuse |   Link | Sep 21, 2022 5:48:50 PM Reply
After split i got 32 shares in my RE account additionally i have added 150 share in RE but due to my SBI bank account does not linked with PAN i am not able to apply for right issues.
after that it is showing in dmat account till last week but today it is not showing even in dmat account or not credited to my sbi account.

what to do now?
39. A G PUJARI   I Like It. | Report Abuse |   Link | Sep 15, 2022 9:33:59 PM Reply
When will trading start for Sandur Rights shares allotted?
38. R Gupta   I Like It. | Report Abuse |   Link | Sep 14, 2022 2:45:49 PM Reply
Sandur right shares credited?
38.1. A G PUJARI   I Like It. | Report Abuse |   Link | Sep 15, 2022 8:33:19 AM
Sandur Manganese Rights shares allotted credited to Demat account.
37. Nipun   I Like It. | Report Abuse |   Link | Sep 14, 2022 1:07:04 PM Reply
Allotment Advice is mailed by info@vccipl.com Please check your mails
36. lokesh   I Like It. | Report Abuse |   Link | Sep 13, 2022 11:22:00 AM Reply
i have applied for rights issue, but neither additional shares allowed to my demat account nor the amount debited from my SBI account. Is it same for all sbi account holder ?
36.1. A g pujari   I Like It. | Report Abuse |   Link | Sep 14, 2022 10:22:56 AM
SBI service is very poor. They have have neither unblocked the funds nor debited the the amount towards Sandur Manganese Rights shares allotted. Funds blocked.
35. Suradhayaksha   I Like It. | Report Abuse |   Link | Sep 14, 2022 10:02:23 AM Reply
The RE is not in my Demat now but the sandur manganese share also is not there.
34. R Gupta   I Like It. | Report Abuse |   Link | Sep 14, 2022 8:43:18 AM Reply
Any one demat account credited wit sandur right share.
33. Sanjay   I Like It. | Report Abuse |   Link | Sep 13, 2022 11:28:45 AM Reply
RE - should be available by 14 sep till evening. I called to registrar and get this details.. Enjoy
32. Nipun   I Like It. | Report Abuse |   Link | Sep 12, 2022 5:43:24 PM Reply
I have applied 45 extra but not even single extra debitted...... Something is really funny
32.1. R Gupta   I Like It. | Report Abuse |   Link | Sep 12, 2022 8:44:03 PM
As per release by Sandur , by 14th i.e. tomorrow it will be credited. Let's keep the finger crossed.
31. R Gupta   I Like It. | Report Abuse |   Link | Sep 12, 2022 3:24:51 PM Reply
Amount debited in bank account with a nominal 5 additional shares against 500 additional applied. But not credited to demat account till now. Any one demat account credited?
30. Preety   I Like It. | Report Abuse |   Link | Sep 12, 2022 9:22:11 AM Reply
Is there any fraud by Sandoor Magneese ...Have anyone booked complaint against this matter
30.1. Anil   I Like It. | Report Abuse |   Link | Sep 12, 2022 11:33:45 AM
Last date to apply for rights was 29th August which is passed now. Nothing can be done. I missed it
29. Sontakle S B   I Like It. | Report Abuse |   Link | Sep 12, 2022 9:03:50 AM Reply
I have applied for rights issue,but neither additional shares allowed to my demat account nor the amount debited from my SBI account.
28. suheelan   I Like It. | Report Abuse |   Link | Sep 9, 2022 1:48:24 PM Reply
I guess there is debit to bank accounts . please check respective bank accounts
28.1. satishreddytips   I Like It. | Report Abuse |   Link | Sep 11, 2022 10:21:25 PM
I'm using sbi, still money on hold not debited
28.2. Suradhayaksha   I Like It. | Report Abuse |   Link | Sep 12, 2022 7:46:19 AM
Will check
27. VANSH PATEL   I Like It. | Report Abuse |   Link | Sep 11, 2022 10:35:53 AM Reply
i had purchased Sandur Magnease at arround 2600 but i didnt applied for Rights Issue... now my sahre price is showing 800. as i didnt applied for rights issue i wont recieve ecxtra shares. now i am in loss? what is the reason?
why share price got adjusted. as fAR as i know price adjust only in bonus and split cases
27.1. Suradhayaksha   I Like It. | Report Abuse |   Link | Sep 12, 2022 7:45:47 AM
The RES have been vanished from 29 August.
Your capital has been eroded by 2/3 amount now.

You must have either sold REs in market or applied for rights issue.
You cannot do anything now
26. Nipun   I Like It. | Report Abuse |   Link | Sep 11, 2022 9:07:02 AM Reply
Not even 1 extra share holder is allotted.
25. Priyank   I Like It. | Report Abuse |   Link | Sep 10, 2022 11:34:17 AM Reply
When will the shares alloted...please clarify.
24. Amit Surana   I Like It. | Report Abuse |   Link | Sep 9, 2022 12:17:28 PM Reply
Anyone recd any update about the allotment of Right Issue?
24.1. A G PUJARI   I Like It. | Report Abuse |   Link | Sep 10, 2022 9:34:38 AM
Bank of India have debited amount towards allotment of rights issue yesterday.
24.2. Amit Surana   I Like It. | Report Abuse |   Link | Sep 10, 2022 10:35:54 AM
@ A G Pujari ji

Thank you...

i did not recd sms but then i checked the bank passbook and there was debit transaction...
23. Suradhayaksha   I Like It. | Report Abuse |   Link | Sep 7, 2022 11:38:03 AM Reply
When is the allotment. I can still see REs in my dmat ?
23.1. Alok Parida   I Like It. | Report Abuse |   Link | Sep 8, 2022 10:34:11 AM
Allotment date is 12th not 7th Sep
23.2. DK   I Like It. | Report Abuse |   Link | Sep 9, 2022 11:34:40 AM
@Alok Parida are you sure about allotment date ??
22. A G PUJARI   I Like It. | Report Abuse |   Link | Sep 6, 2022 7:30:23 PM Reply
7th September 2022 is deemed date of Allotment of Rights Issue. Whether Basis of Allotment will be announced today by late night ?
21. viren   I Like It. | Report Abuse |   Link | Aug 30, 2022 9:26:55 AM Reply
i have 18 shares how can i apply now? i am ready to pay late payment fee.
21.1. Longterminvestor   I Like It. | Report Abuse |   Link | Sep 2, 2022 7:08:32 AM
They were sending the reminder emails. After 29 , no chance