Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
Right Issue Status: Closed [14th Mar 2023 to 12th Apr 2023]
Sparc Electrex Limited offers Right Issue size of Rs 27.87 Cr. which subscription is opening from 14 Mar 2023 to 12 Apr 2023. The company issues 03 right equity shares for every 01 equity shares held on the record date of 28 Feb 2023. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 19 per share.
Stay updated with us to know more about the Sparc Electrex Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
The Company proposes to utilize the Net Proceeds to:
| Sparc Electrex Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.47 Cr Shares |
| Right Issue Issue Size (Amount) | ₹27.87 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹19 per share |
| Right Issue Record Date | 28th Feb 2023 |
| Right Issue Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Rs. 4.75 is payable on application and the remaining sum of Rs. 14.25 is payable on subsequent call(s) as determined by the company. |
| Listing At | BSE |
| BSE Code | 531370 |
| NSE Code |
In this section we have covered all important dates related to Sparc Electrex 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 | 14th Mar 2023 |
| Right Issue Issue Close Date | 12th Apr 2023 |
| Basis of Allotment Finalisation Date* | 21st Apr 2023 |
| Refunds Initiation* | 6th Apr 2023 |
| Credit of Shares to Demat Account* | 27th Apr 2023 |
| Right Issue Listing Date* | 3rd May 2023 |
* - Tentative Dates
Zerodha Trade@20
Sparc Electrex Limited (Formerly Known as Sparc Systems Limited) was originally incorporated on September 14, 1989. The Company was initially into the business of Video Security Systems and Electronic Document Storage Systems. However, after the takeover of the Company in October 2021 by Shobha Anant Hegde, Electrex International Private Limited and Electrex Power Tools Private Limited, the new management has discontinued its original business activities and diversified into the manufacture, imports, exports, trading and dealing in various kinds of Power Tools, Garden Tools, Cordless Tools, Hand Tools, Machinery, Spares & Accessories.
The main products range of this Sparc Electrex Ltd are following :-
1. Power Tools :- Power Tool is an electro-mechanical tool with self-contained electric or non-electric motor. Power tools are used in a broad array of commercial or industrial applications such as new construction, repairs and maintenance of structures, fabrication, assembly and manufacturing of all kinds, as well as various hobbies and craft (wood working) activities. Power Tools are used as Production Aid Tools in all most all types of industries like Engineering Workshops, Fabrication Shops, Maintenance Departments etc.
2. Metals and Steel Products :- This Company is trading of Prime Steel Products, Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, Mild & Stainless Steel and all kinds of Metals. Prime Steel Products are required in every segment of the steel market that enables steel mills, Alloy steel plants and Foundries across India to produce a broad range of high quality finished and semi-finished products, Sheets, Pipes & Coils.
Industrial and base metals are used in the construction, manufacturing, and technology industries and include copper, aluminium, steel, and zinc.
Past performance and financial results of Sparc Electrex .
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-20 | 0.09 | -0.01 |
| 31-Mar-21 | 0.05 | -2.00 |
| 31-Mar-22 | 15.07 | 2.12 |
| Amount in ₹ Crore | ||
The table below is live update of Right Issue bidding details from NSE and BSE.
Sparc Electrex Right Issue Offer Document (Letter of Offer) >>Document
Sparc Electrex Right Issue Offer Document (Letter of Offer) >>Sparc Electrex Right Issue Red Herring Prospectus is not yet available.
Sparc Electrex Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Sparc Electrex Right Issue Online Application (Registrar & Transfer Agent) >>Sparc Electrex Right Issue RTA information is not yet available.
Last Updated on 2023-04-15T03:30:43+00:00
