Share the post "SHARAT INDUSTRIES’s IPO Launches Rights Issue, Debuting 24-07-2024!"
SHARAT INDUSTRIES LTD IPO of Rights Issue type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 24 Jul 2024 to 07 Aug 2024 , with a market lot of 1 shares. This call notice includes , covering ₹10.00 towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | SHARAT INDUSTRIES LTD |
|---|---|
| Offer Price () | 31.00 |
| Face Value | 10.00 |
| Type Of Issue | RI |
| Issue Status | Forthcoming |
| Security Type | Equity |
| Issue Period | 24 Jul 2024 to 07 Aug 2024 |
| Issue Size – No.of Shares | 1,55,43,125 |
| Price (Inclusive Of Premium) | 31.00 |
| Market Lot | 1 |
| LTP | 46.85 |
| Registrar | CAMEO CORPORATE SERVICES LTD. |
| Remarks | Notice no.:20240722-25 |
| Notes | Issue of 1,55,43,125 Partly Paid-up Equity Shares of face value of Rs.10/- each of our Company for cash at a price of Rs.31/- per Rights Equity Share (including a premium of Rs.21/- per Rights Equity Share), for an amount collectively not exceeding Rs.4,818.37 lakhs on a rights basis to the Eligible Equity Shareholders of our Company in the ratio of 13 Rights Equity Share for every 20 Equity Shares held by the Eligible Equity Shareholders of our Company on the Record Date that is on July 12, 2024. On Application, Investors will have to pay Rs.7.75 per Rights Equity Share which constitutes 25.00% of the Issue Price and the balance Rs.23.25 per Rights Equity Share which constitutes 75.00% of the Issue Price, will have to be paid, on one or more subsequent Call(s), as determined by the Board of Directors at its sole discretion, from time to time. |
SHARAT INDUSTRIES LTD IPO opens on 24-07-2024, and closes on 07-08-2024
| Start Date | 24-07-2024 |
|---|---|
| End Date | 07-08-2024 |
| Issue Period | 24 Jul 2024 to 07 Aug 2024 |
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