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Right Issue Status: Closed [13th Feb 2023 to 20th Feb 2023]
Spray King Agro Equipment Ltd. offers Right Issue size of Rs 13.96 Cr. which subscription is opening from 13 Feb 2023 to 20 Feb 2023. The company issues 01 right equity shares for every 01 equity shares held on the record date of 07 Feb 2023. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 44 per share.
Stay updated with us to know more about the Spray King Agro Equipment Limited Right Issue Details 2023 including issue size, right issue entitlement, terms of payment, and more.
The Company proposes to utilize the Proceeds to:
| Spray King Agro Equipment Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 0.32 Cr Shares |
| Right Issue Issue Size (Amount) | ₹13.96 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹44 per share |
| Right Issue Record Date | 2nd Feb 2023 |
| Right Issue Entitlement | 1 Right Equity Shares for every 1 Existing Equity Shares held |
| Right Issue Terms of payment | The full amount is payable on application. |
| Listing At | BSE |
| BSE Code | 540079 |
| NSE Code |
In this section we have covered all important dates related to Spray King Agro Equipment 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 | 13th Feb 2023 |
| Right Issue Issue Close Date | 20th Feb 2023 |
| Basis of Allotment Finalisation Date* | 28th Feb 2023 |
| Refunds Initiation* | 14th Feb 2023 |
| Credit of Shares to Demat Account* | 1st Mar 2023 |
| Right Issue Listing Date* | 2nd Mar 2023 |
* - Tentative Dates
Zerodha Trade@20
Spray King Agro Equipment Ltd was established in 2005. This company is engaged in manufacturing of Brass Equipment. The company mainly manufactures Brass Agro Equipment and Brass Plumbing Components. Besides this, They can also manufacture Auto and Electrical parts, Fitting Parts, etc made of Brass. This Company is promoted by Pragjibhai Patel and Hitesh Dudhagara; both having an experience of more than one decade in Brass Industry. The Company is also promoted by Ronakben Dudhagara having experience of more than two years in this Industry. Its manufacturing plant is at Jamnagar which is considered as ?Brass City of India�.
Spary King Agro�s manufacturing process is a recycling process and thus helps in solving environmental problems without using the natural resources. The brass industry throughout the world generally depends on the recycling of brass scrap for its survival. Making brass from new copper and zinc would be uneconomical and wasteful of raw materials so, since new brass articles are made from recycled scrap, brass is said to be sustainable. They use brass scrap as raw material which is imported from USA, UK and other European Countries and convert the scrap into finished goods.
Past performance and financial results of Spray King Agro Equipment .
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 13.61 | 26.49 | 0.03 |
| 31-Mar-21 | 9.82 | 20.5 | 0.62 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Spray King Agro Equipment Right Issue Offer Document (Letter of Offer) >>Document
Spray King Agro Equipment Right Issue Offer Document (Letter of Offer) >>Spray King Agro Equipment Right Issue Red Herring Prospectus is not yet available.
Spray King Agro Equipment Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Spray King Agro Equipment Right Issue Online Application (Registrar & Transfer Agent) >>Spray King Agro Equipment Right Issue RTA information is not yet available.
Last Updated on 2023-02-23T02:30:47+00:00
