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Right Issue Status: Closed [8th Apr 2024 to 22nd Apr 2024]
Spectrum Foods Limited offers Right Issue size of Rs 38.79 Cr. The subscription for this Rights Issue is opening from 08 Apr 2024 to 22 Apr 2024. The company issues entitlement of 04 Rights equity shares for every fully paid-up 01 equity shares held on the record date of 27 March 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 20 per share.
Stay connected with us to more about Spectrum Foods Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The intended use of the Net Proceeds of the Issue by the Company is outlined below:
| Spectrum Foods Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.94 Cr Shares |
| Right Issue Issue Size (Amount) | ₹38.79 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹20 per share |
| Right Issue Record Date | 27th 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 | Rs. 10.00/- (including premium of Rs. 5) to be paid on applications & balance amount on One or more subsequent Call |
| Listing At | BSE |
| BSE Code | 531982 |
| NSE Code |
In this section we have covered all important dates related to Spectrum Foods 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 | 8th Apr 2024 |
| Right Issue Issue Close Date | 22nd Apr 2024 |
| Basis of Allotment Finalisation Date* | 3rd Apr 2024 |
| Refunds Initiation* | 16th Apr 2024 |
| Credit of Shares to Demat Account* | 9th Apr 2024 |
| Right Issue Listing Date* | 10th Apr 2024 |
* - Tentative Dates
Zerodha Trade@20
Spectrum Foods Limited was established in 1994 and manufactures high purity salt. The state-of-the-art manufacturing facilities in Phalodi, Rajasthan, offer logistical advantages in terms of significantly lower transportation costs for sourcing from North India, including Jammu and Kashmir. SFL is a leading producer of industrial salt in 50 kg and 1000 kg jumbo bags, with the spacious facility enabling a seamless transition from salt packing to automatic loading onto large trucks and trailers.
SFL’s own solar power plant with a capacity of 400 kWh covers the entire energy requirements of production, with surpluses being drawn from the grid. The refinery, built by experienced salt technologists from Switzerland, is based on the latest principles of chemical process engineering, resulting in remarkably low energy consumption and an exceptionally high degree of purity of the end product.
SFL is pleased to announce its new resort project in Pushkar. With stunning natural surroundings and carefully planned amenities, the resort will offer a truly unique experience for guests seeking relaxation, adventure and luxury. Stay tuned for updates as we work to bring this unique destination to life.
Past performance and financial results of Spectrum Foods .
Spectrum Foods Ltd's revenue decreased by -2.14% and profit after tax (PAT) rose by 250.65% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 17.75 | 13.88 | 16.63 |
| Revenue | 15.82 | 16.17 | |
| Profit After Tax | 7.29 | 0.38 | -0.25 |
| Net Worth | 7.28 | -0.01 | -39,120.00 |
| Reserves and Surplus | 2.43 | -4.86 | |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Spectrum Foods Right Issue Offer Document (Letter of Offer) >>Document
Spectrum Foods Right Issue Offer Document (Letter of Offer) >>Spectrum Foods Right Issue Red Herring Prospectus is not yet available.
Spectrum Foods Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Spectrum Foods Right Issue Online Application (Registrar & Transfer Agent) >>Spectrum Foods Right Issue RTA information is not yet available.
Last Updated on 2024-04-25T05:32:44+00:00
Refunds Initiation* 16th Apr 2024
Credit of Shares to Demat Account* 9th Apr 2024
Right Issue Listing Date* 10th Apr 2024
All these dates are wrong. Please write correct dates