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Right Issue Status: Open [22nd Apr 2024 to 6th May 2024]
Shiva Cement Limited is offering a rights issue of Rs 400.00 Cr. The subscription period for this rights issue will be opening from 22 Apr 2024 to 06 May 2024. The company issues entitlement of 20 Rights equity shares for every fully paid-up 39 equity shares held on the record date of 03 Apr 2024. The face value of a share is Rs. 02 per share and the right issue price is fixed at Rs. 40 per share.
Stay connected with us to more about Shiva Cement Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
| Shiva Cement Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 10.00 Cr Shares |
| Right Issue Issue Size (Amount) | ₹400.00 Cr |
| Face Value | ₹2 Per Equity Share |
| Right Issue - Issue Price | ₹40 per share |
| Right Issue Record Date | 3rd Apr 2024 |
| Right Issue Entitlement | 20 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The full amount of Rs. 40 is payable on the application. |
| Listing At | BSE |
| BSE Code | 532323 |
| NSE Code |
In this section we have covered all important dates related to Shiva Cement 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 | 22nd Apr 2024 |
| Right Issue Issue Close Date | 6th May 2024 |
| Basis of Allotment Finalisation Date* | 10th May 2024 |
| Refunds Initiation* | 30th Apr 2024 |
| Credit of Shares to Demat Account* | 14th May 2024 |
| Right Issue Listing Date* | 20th May 2024 |
* - Tentative Dates
Zerodha Trade@20
Shiva Cement Limited was founded in August 1985. The company is part of the JSW Group, an Indian conglomerate with an international portfolio of diversified assets in various sectors such as steel, energy, infrastructure, cement, paints, venture capital and sports. The company is engaged in the manufacture of clinker and trading of other related products.
The company has recently completed the expansion project and is currently operating a clinker production plant with a capacity of 4,000 TPD (equivalent to 1.32 MTPA), a waste heat recovery plant with a capacity of 8.9 MW and its own 132KV power feeder. The company is also in the process of setting up a 4 MTPA limestone crushing plant at its mines in Khatkurbahal, Odisha.
The manufacturing facility is strategically located on the geographical border of the three eastern states of India, namely Odisha, Chhattisgarh and Jharkhand, in close proximity to the raw materials they require for their operations and is well connected by road and rail to their major markets.
Past performance and financial results of Shiva Cement .
Shiva Cement Ltd.'s revenue decreased by -52.22% and profit after tax (PAT) dropped by -215.33% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,391.49 | 898.36 |
| Revenue | 3.47 | 7.27 |
| Profit After Tax | -80.47 | -25.52 |
| Amount in ₹ Crore | ||
The table below is live update of Right Issue bidding details from NSE and BSE.
Shiva Cement Right Issue Offer Document (Letter of Offer) >>Document
Shiva Cement Right Issue Offer Document (Letter of Offer) >>Shiva Cement Right Issue Red Herring Prospectus is not yet available.
Shiva Cement Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Shiva Cement Right Issue Online Application (Registrar & Transfer Agent) >>Shiva Cement Right Issue RTA information is not yet available.
Last Updated on 2024-05-02T01:32:44+00:00
