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Right Issue Status: Open [2nd Apr 2024 to 30th Apr 2024]
Sawaca Business Machines Limited offers Right Issue worth Rs 45.76 cr . The subscription for this Rights Issue is opening from soon. The company issues entitlement of 4 Rights equity shares for every fully paid-up 1 equity shares held on the record date Mar 07 2024. The face value of a share is Rs.1 per share and the right issue price is fixed at Rs 1 for each share
Stay connected with us to more about Sawaca Business Machines Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The Company intends to utilize the proceeds of the Issue, after deducting Issue related expenses ("Net Proceeds") towards the following objects:
| Sawaca Business Machines Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 45.76 Cr Shares |
| Right Issue Issue Size (Amount) | ₹45.76 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹1 per share |
| Right Issue Record Date | 7th Mar 2024 |
| Right Issue Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application. |
| Listing At | BSE |
| BSE Code | 531893 |
| NSE Code |
In this section we have covered all important dates related to Sawaca Business Machines 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 | 2nd Apr 2024 |
| Right Issue Issue Close Date | 30th Apr 2024 |
| Basis of Allotment Finalisation Date* | 19th Apr 2024 |
| Refunds Initiation* | 8th Apr 2024 |
| Credit of Shares to Demat Account* | 24th Apr 2024 |
| Right Issue Listing Date* | 26th Apr 2024 |
* - Tentative Dates
Zerodha Trade@20
Sawaca Business Machines Limited was established in 1994 and ventured into scrap metal trading a few years later. Over time, the company has become a reputable player in the scrap metal trading industry by providing high-quality scrap to its customers.
Currently, the company operates in two segments. The first segment is trading, where we deal with wholesale distribution of various finished goods. We follow a bill-to-ship model to ensure timely delivery of orders and efficient supply chain management to meet customer requirements.
In the metals trading sector, companies purchase and sell different types of metals including iron, steel, aluminium, copper, and other base metals. Their goal in entering this market is to make use of industry expertise and take advantage of the demand for these materials.
To cater to the growing demand for perfumes and essential oils, we have also started trading in blends of aromatic chemicals, industrial base materials for perfumery, and essential oils.
Past performance and financial results of Sawaca Business Machines .
Sawaca Business Machines Ltd.'s revenue decreased by -4.53% and profit after tax (PAT) rose by 34.34% 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 | 14.38 | 15.87 | 13.15 |
| Revenue | 3.65 | 3.82 | 3.67 |
| Profit After Tax | 0.55 | 0.41 | 0.22 |
| Net Worth | 12.91 | 12.77 | 12.37 |
| Reserves and Surplus | 0.93 | 1.97 | 1.75 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Sawaca Business Machines Right Issue Offer Document (Letter of Offer) >>Document
Sawaca Business Machines Right Issue Offer Document (Letter of Offer) >>Sawaca Business Machines Right Issue Red Herring Prospectus is not yet available.
Sawaca Business Machines Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Sawaca Business Machines Right Issue Online Application (Registrar & Transfer Agent) >>Sawaca Business Machines Right Issue RTA information is not yet available.
Last Updated on 2024-04-29T01:32:45+00:00
