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Davangere Sugar Right Issue Details 2022, Issue entitlement, Record date

Right Issue Status: Closed [16th Jun 2022 to 30th Jun 2022]

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Davangere Sugar Right Issue Detail

Davangere Sugar Right Issue Rs. 48 Cr opens for subscription from 16 June to 30 June 2022. The company issues 69 right equity shares for every 100 fully paid-up equity shares held on the record date, 27 May 2022. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 12.5 per share. The full amount of Rs. 12.5 per rights equity share is payable on the application. Stay updated with us to know more about the Davangere Sugar Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.

Davangere Sugar Right Issue Objective

The company aims to utilize the net proceeds towards the following objectives;

  • Part repayment or prepayment of unsecured loans availed by our Company from Ganesh Shivashankarappa Shamanur, one of the Promoters of the Company.
  • Meet general corporate purposes.

Davangere Sugar Right Issue Details

Davangere Sugar Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 3.84 crores Eq Shares
Right Issue Issue Size (Amount) ₹48 crores
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹12.5 per share
Right Issue Record Date 27th May 2022
Right Issue Entitlement 69 Rights Equity Shares for every 100 fully paid-up
Equity Shares held on the Record Date
Right Issue Terms of payment The full amount of the Issue Price of Rs 12.50 per Rights Equity Share
shall be payable at the time of Application.
Listing At BSE
BSE Code 543267
NSE Code

Davangere Sugar Right Issue Dates

In this section we have covered all important dates related to Davangere Sugar 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.

Davangere Sugar Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 16th Jun 2022
Right Issue Issue Close Date 30th Jun 2022
Basis of Allotment Finalisation Date* 5th Jul 2022
Refunds Initiation* 5th Jul 2022
Credit of Shares to Demat Account* 5th Jul 2022
Right Issue Listing Date* 6th Jul 2022

* - Tentative Dates

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About Company - Davangere Sugar

Davangere Sugar is a Karnataka-based company that is engaged in the business of manufacturing sugar and sugar-related products. Its sugar plant has a total manufacturing capacity of 5000 TCD.

Davangere Sugar Right Issue Strengths

Davangere Sugar Financials

Past performance and financial results of Davangere Sugar.

Davangere Sugar Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020
Total Assets ₹438.77 ₹453.96
Total Income ₹147.81 ₹203.06
Net Profit/Loss ₹2.50 ₹2.07

Company Address

Davangere Sugar Company Limited
73/1, post box number 312, Shamanur Road,
Davangere,Karnataka-577 004
India
Website: http://www.davangeresugar.com/
Phone: +91 80 2227 2183
Email: [email protected]

Registrar

Integrated Registry Management Services Private Limited
2 nd Floor,
Ramakrishna Street, North Usman Road,
T. Nagar, Chennai - 600 017
Website: http://www.integratedindia.in/
Phone: + 91 44 2814 0801 to 803
Email: [email protected]

Lead Manager

  1. Saffron Capital Advisors Private Limited

Davangere Sugar Right Issue Offer Document (Letter of Offer) >>Document

Davangere Sugar Right Issue Online Application (Registrar & Transfer Agent) >>Davangere Sugar Right Issue RTA information is not yet available.

Davangere Sugar Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Davangere Sugar? Should I apply in Davangere Sugar Right Issue?

Last Updated on 2022-06-10T17:09:34+00:00


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