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Right Issue Status: Open [15th May 2024 to 27th May 2024]
Sanginita Chemicals Limited offers Right Issue worth Rs 15.54 Cr . The subscription period for this rights issue will be from 15 May 2024 to 27 May 2024. The company issues entitlement of 01 Rights equity shares for every fully paid-up 02 equity shares held on the record date 07 May 2024. The face value of a share is Rs 10 per share and the right issue price is fixed at Rs 18.00 for each share
Stay connected with us to more about Sanginita Chemicals Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
| Sanginita Chemicals Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 0.86 Cr Shares |
| Right Issue Issue Size (Amount) | ₹15.54 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹18 per share |
| Right Issue Record Date | 7th May 2024 |
| Right Issue Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The full amount for Rights Equity Shares of Rs.18 shall be payable by the eligible shareholders at the time of making an application. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | SANGINITA |
In this section we have covered all important dates related to Sanginita Chemicals Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 15th May 2024 |
| Right Issue Issue Close Date | 27th May 2024 |
| Basis of Allotment Finalisation Date* | 30th May 2024 |
| Refunds Initiation* | 21st May 2024 |
| Credit of Shares to Demat Account* | 5th Jun 2024 |
| Right Issue Listing Date* | 6th May 2024 |
* - Tentative Dates
Zerodha Trade@20
Sanginita Chemicals Limited was founded in December 2005. The company initially started production of Copper Chloride and Copper Chloride at its factory at 3536/8, Near. GIDC, Chhatral, Dist - Gandhinagar (Unit I). Due to the increase in demand for the company's products in 2009, Unit II was commissioned to increase the production capacity by installing additional machinery.
the company discontinued the operation of Unit I and acquired the land and building of Unit I at Plot No. 3536/8, Near. GIDC, Chhatral, Gandhinagar District and shifted all plant and machinery to Unit II. In addition, the company also undertakes contract work, which forms a small part of the total turnover. Currently, the company manufactures the following three main products: copper chloride, copper sulphate and copper chloride
Chloride with an installed capacity of 60,00,000 kg/a, 54,00,000 kg/a and 3,50,000 kg/a respectively, which are used in the dye and pigment industry, paint industry, pharmaceutical industry, electroplating industry, metal extraction industry, ink, carbon paper and PVC pipe coating industry, etc.
Copper (II) chloride, copper sulphate and copper (II) chloride with an installed capacity used in the dye and pigment industry, paint industry, pharmaceutical industry, electroplating industry, metal extraction industry, ink, carbon paper, PVC pipe coating industry, etc.
Past performance and financial results of Sanginita Chemicals .
Sanginita Chemicals Limited's revenue decreased by -24.85% and profit after tax (PAT) rose by 19.57% 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 | 79.50 | 79.20 | 70.12 |
| Revenue | 149.13 | 198.44 | 165.02 |
| Profit After Tax | 0.42 | 0.35 | 0.76 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Sanginita Chemicals Right Issue Offer Document (Letter of Offer) >>Document
Sanginita Chemicals Right Issue Offer Document (Letter of Offer) >>Sanginita Chemicals Right Issue Red Herring Prospectus is not yet available.
Sanginita Chemicals Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Sanginita Chemicals Right Issue Online Application (Registrar & Transfer Agent) >>Sanginita Chemicals Right Issue RTA information is not yet available.
Last Updated on 2024-05-17T03:32:44+00:00
