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Right Issue Status: Closed [12th Jun 2023 to 26th Jun 2023]
Shree Rama Multi-Tech Limited offers Right Issue size worth of Rs 63.00 Cr. The subscription for this Rights Issue is opening from 12 Jun 2023 to 26 Jun 2023. The company issues 11 Rights equity shares for every fully paid-up 10 equity shares held on the record date of 30 May 2023. The face value of a share is Rs. 5 per share and the right issue price is fixed at Rs. 9 per share.
Stay updated with us to know more about the Shree Rama Multi-Tech Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
The company intends to utilize the net proceeds raised through the issue towards the following objects:
a. Repayment of certain outstanding borrowings including redemption of non-convertible debentures; and
b. General corporate purposes.
| Shree Rama Multi-Tech Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 7.00 Cr Shares |
| Right Issue Issue Size (Amount) | ₹63.00 Cr |
| Face Value | ₹5 Per Equity Share |
| Right Issue - Issue Price | ₹9 per share |
| Right Issue Record Date | 30th May 2023 |
| Right Issue Entitlement | 11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | The full amount of the Issue Price being ₹ 9 will be payable on application. |
| Listing At | BSE, NSE |
| BSE Code | 532310 |
| NSE Code | SHREERAMA |
In this section we have covered all important dates related to Shree Rama Multi-Tech 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 | 12th Jun 2023 |
| Right Issue Issue Close Date | 26th Jun 2023 |
| Basis of Allotment Finalisation Date* | 10th Jul 2023 |
| Refunds Initiation* | 21st Jun 2023 |
| Credit of Shares to Demat Account* | 12th Jul 2023 |
| Right Issue Listing Date* | 13th Jun 2023 |
* - Tentative Dates
Zerodha Trade@20
The Company was incorporated as "Shree Rama Multi-Tech Limited" on December 17, 1993. Company engaged in providing rimary packaging solution. They currently manufacture a wide and diverse range of packaging products such as laminated tubes (Lami Tubes), tube laminates and flexible laminates. Their products are primarily used for oral care, pharmaceuticals, cosmetics and fast-moving consumer goods (FMCG) sectors. Their products are available in different sizes, diameters and circular shape as per the specifications of its customers.
Shree Rama's manufacturing facility is a fully integrated facility with processes starting from plastic granules to films, laminates, printing, injection moulding and Lami Tube, as required, equipping us to manage products from the stages of design to dispatch. This fully integrated environment and well-defined processes provide us competitive advantages in terms of maintenance of quality. Moreover, its manufacturing facility is engineered to be flexible in its production and output with the same plant having the ability to manufacture different products as per different campaigns, with significant backward integration under one roof, which they believe is a significant competitive strength of its Company.
They sell their products to their customers situated in India as well as overseas. Its customer base is spread across various markets which include Belarus, Bulgaria, Indonesia, Nepal , Saudi Arabia, Singapore, Switzerland, Shri Lanka, Slovenia, Tanzania, Tunisia, UAE, USA etc. The customers majorly consist of medium and large scale manufacturers of oral care, phrmaceuticals, cosmetics and FMCG products.
Past performance and financial results of Shree Rama Multi-Tech .
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 120.82 | 131.00 | 21.06 | 24.25 | |
| 31-Mar-21 | 115.79 | 136.00 | 3.43 | 27.87 | -3.50 |
| 31-Mar-22 | 124.50 | 150.74 | -4.92 | 23.11 | -8.25 |
| Amount in ₹ Crore | |||||
The table below is live update of Right Issue bidding details from NSE and BSE.
Shree Rama Multi-Tech Right Issue Offer Document (Letter of Offer) >>Document
Shree Rama Multi-Tech Right Issue Offer Document (Letter of Offer) >>Shree Rama Multi-Tech Right Issue Red Herring Prospectus is not yet available.
Shree Rama Multi-Tech Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Shree Rama Multi-Tech Right Issue Online Application (Registrar & Transfer Agent) >>Shree Rama Multi-Tech Right Issue RTA information is not yet available.
Last Updated on 2023-06-29T03:30:43+00:00
