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Right Issue Status: Closed [30th Jan 2024 to 8th Feb 2024]
Skipper Limited is offering a rights issue of 199.18 Cr. The subscription period for this rights issue will be from January 30, 2024 to February 8, 2024 and the company will issue 1 rights share for every fully paid-up 10 share held by the company on the record date of January 12, 2024. The face value of a share is Rs.1 per share and the issue price of the rights shares is fixed at Rs. 194 per share.
Stay connected with us to know more about Lloyds Skipper Limited Right Issue Details 2024 including issue size, rights issue, payment terms and more.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
| Skipper Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.03 Cr Shares |
| Right Issue Issue Size (Amount) | ₹199.18 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹194 per share |
| Right Issue Record Date | 12th Jan 2024 |
| Right Issue Entitlement | 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Issue Price of Rs.194 is to be paid as Rs. 48.50 on Application and Rs.145.50 on upto three Additonal Calls as may be decided by the Board/Rights Issue Committee. |
| Listing At | BSE, NSE |
| BSE Code | 538562 |
| NSE Code | SKIPPER |
In this section we have covered all important dates related to Skipper 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 | 30th Jan 2024 |
| Right Issue Issue Close Date | 8th Feb 2024 |
| Basis of Allotment Finalisation Date* | 15th Feb 2024 |
| Refunds Initiation* | 5th Feb 2024 |
| Credit of Shares to Demat Account* | 16th Feb 2024 |
| Right Issue Listing Date* | 19th Feb 2024 |
* - Tentative Dates
Zerodha Trade@20
Founded in 1981, Skipper Limited manufactures transmission and distribution structures such as towers and masts in its Engineering Products segment. The company is also a trusted partner for the implementation of EPC projects for critical infrastructure. Skipper is present in more than 40 countries around the globe, including South America, Europe, Africa, the Middle East, South and South East Asia and Australia. In India, the company is a preferred manufacturer for customers from J&K to Tamil Nadu and from North East India to Gujarat.
Skipper Limited is a company that manufactures transmission towers and accessories and also provides construction services. The company also conducts numerous IT-enabled activities on various ERP platforms.
The company is one of the world's largest integrated tower manufacturers with business units for angle reels, towers, accessories and fixings as well as EPC line building. Its production capacity is the largest in India and among the top 10 in the world. Skipper Limited is a national powerhouse in the field of polymer pipes. Under the brand name "Skipper", the company manufactures a wide range of high quality pipes and fittings used in various sectors such as sanitary, sewage, agriculture and well construction.
Past performance and financial results of Skipper .
Skipper Ltd's revenue increased by 16.04% and profit after tax (PAT) rose by 41.43% 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 | 2,222.64 | 2,083.95 | 1,919.27 |
| Revenue | 1,985.62 | 1,711.09 | 1,585.53 |
| Profit After Tax | 35.57 | 25.15 | 21.43 |
| Net Worth | 767.41 | 732.13 | 707.84 |
| Total Borrowing | 484.02 | 566.65 | 438.55 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Skipper Right Issue Offer Document (Letter of Offer) >>Document
Skipper Right Issue Offer Document (Letter of Offer) >>Skipper Right Issue Red Herring Prospectus is not yet available.
Skipper Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Skipper Right Issue Online Application (Registrar & Transfer Agent) >>Skipper Right Issue RTA information is not yet available.
Last Updated on 2024-02-11T04:33:01+00:00
