₹18.00 Crores | Listing at BSE | Mon, Aug 8, 2022 - Mon, Aug 29, 2022
The Sandur Manganese & Iron Ores Limited Rights Issue comprises 1.80 Cr equity shares aggregating to ₹18.00 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Jul 27, 2022.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 7, 2022.
The Rights Issue opens on Aug 8, 2022, and closes on Aug 29, 2022, with renunciation of Rights Entitlements permitted up to Aug 23, 2022.
The deemed date of allotment is Sep 7, 2022, following which the equity shares are expected to be credited to demat accounts on Sep 8, 2022 and listed on the BSE on Sep 13, 2022.
Venture Capital & Corporate Investments Ltd. is the Registrar to the Issue.
Investors are advised to refer to the The Sandur Manganese & Iron Ores Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Jul 27, 2022
Entitlement Ratio
:
Open Date
Mon, Aug 8, 2022
Close Date
Mon, Aug 29, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 1723.87 | 764.36 | 153.93 | 1029.51 |
| 31-Mar-22 | 2701.6 | 2283.97 | 675.11 | 1695.63 |
| Amount in ₹ Crore | ||||
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 company intends to utilise the issue proceeds for the following objects:
[Dilip Davda] The oldest private sector mining and iron ore producing company has strong financial data except for FY21 (a pandemic year). It’s at par rights issue is termed as a “Mini Bonus”. Eligible investors should not miss this golden opportunity to have fresh investment at a par level in a dividend-paying company. Read detail review...
The Sandur Manganese & Iron Ores Limited
“SATYALAYA” Door No.266 (Old No.80),
Ward No. 1, Behind Taluk Office,
Sandur – 583 119 Ballari District
Ballari, Karnataka, 583119
Venture Capital & Corporate Investments Ltd.
The The Sandur Manganese & Iron Ores Rights Issue 2022 opens on Mon, Aug 8, 2022, and closes on Mon, Aug 29, 2022.
The Sandur Manganese & Iron Ores Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Sun, Aug 7, 2022 |
| Last Date for renunciation of Rights Entitlements | Tue, Aug 23, 2022 |
| Issue Opening Date | Mon, Aug 8, 2022 |
| Issue Closing Date | Mon, Aug 29, 2022 |
| Date of Allotment (on or about) | Wed, Sep 7, 2022 |
| Date of Credit (on or about) | Thu, Sep 8, 2022 |
| Date of Listing (on or about) | Tue, Sep 13, 2022 |
You can apply for The Sandur Manganese & Iron Ores Rights Issue 2022 in two ways:
Steps to apply for The Sandur Manganese & Iron Ores Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for The Sandur Manganese & Iron Ores Rights Issue 2022 using Registrar's website (R-WAP)
