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Right Issue Status: Closed [10th Jul 2023 to 24th Jul 2023]
Shraddha Prime Projects Limited offers Right Issue size of 16,625,020 equity shares worth of Rs 49.88 Cr. The subscription for this Rights Issue is opening from 10 July 2023 to 24 July 2023. The company issues 365 Rights equity shares for every fully paid-up 100 equity shares held on the record date of 03 July 2023. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 30 per share.
Stay updated with us to know more about the Shraddha Prime Projects Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, sand more.
The Net Proceeds from the Issue are proposed to be utilized by our Company for the following objects:
| Shraddha Prime Projects Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.66 Cr Shares |
| Right Issue Issue Size (Amount) | ₹49.88 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹30 per share |
| Right Issue Record Date | 3rd Jul 2023 |
| Right Issue Entitlement | 365 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The full amount of Rs. 30 on Rights Equity Shares will be payable on the application. |
| Listing At | BSE |
| BSE Code | 531771 |
| NSE Code |
In this section we have covered all important dates related to Shraddha Prime Projects 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 | 10th Jul 2023 |
| Right Issue Issue Close Date | 24th Jul 2023 |
| Basis of Allotment Finalisation Date* | 28th Jul 2023 |
| Refunds Initiation* | 19th Jul 2023 |
| Credit of Shares to Demat Account* | 1st Aug 2023 |
| Right Issue Listing Date* | 3rd Aug 2023 |
* - Tentative Dates
Zerodha Trade@20
Shraddha Prime Projects Limited was established in the year 1993. The promoters have more than 30 years of experience in project execution, contemporary architecture and quality construction. They strive to focus on onshore project development by entering into joint development agreements and partnerships with parties for project development. The company aims to take advantage of opportunities that arise in the real estate sector and will cover all aspects of real estate development, from identifying and acquiring land to planning, executing and marketing their projects, etc.
When planning a project, they rely on a research-based approach to floor plan design, unit size, amenities and interior design, as well as determining sales and marketing strategies. Depending on competitive intensity, regulatory practices, and consumer preferences, they modify their development mix and product design to ensure that their products appeal to customers from all income groups. They are also in regular contact with their customers to get direct feedback on the quality of their projects.
Past performance and financial results of Shraddha Prime Projects .
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1.19 | 0.10 | -0.25 |
| 31-Mar-22 | 21.43 | 0.13 | -0.31 |
| 31-Mar-23 | 133.23 | 8.62 | 0.62 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Shraddha Prime Projects Right Issue Offer Document (Letter of Offer) >>Document
Shraddha Prime Projects Right Issue Offer Document (Letter of Offer) >>Shraddha Prime Projects Right Issue Red Herring Prospectus is not yet available.
Shraddha Prime Projects Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Shraddha Prime Projects Right Issue Online Application (Registrar & Transfer Agent) >>Shraddha Prime Projects Right Issue RTA information is not yet available.
Last Updated on 2023-07-27T06:00:21+00:00
