Sakuma Exports Rights Issue will open for subscription from 25 April 2024. the company aims for an issue size of ₹25.3 through this rights Issue.
About the company
Incorporated in December 1998, Sakuma Exports Limited trades agricultural commodities such as sugar, pulses, maize, cotton, and rice. SEL imports and exports to USA, Asia, Africa, Far East Asia, Europe, Australia, and Middle East. Sakuma Group is coimprises of SEL and six other companies located in Dubai, Singapore, Ghana, Tanzania, Canada, and Bahrain.
SEL and its six subsidiaries serve a range of well-known customers in the international agro commodities trading industry. Some of their key customers are COFCO International Singapore Pte Ltd, Wilmar Sugar PTE Limited, Viterra BV, EDF & MAN Commodities, and other similar traders. It’s worth noting that the company’s revenue is not heavily reliant on any one specific customer. The company has received certification from FSSAI, RCMC and APEDA certified for its areas of operations. As of December 31, 2023, the company employs 96 employees in various departments.
Objectives of the Issue
- To augment the existing and incremental working capital requirement of our Company; and
- General corporate purposes
Sakuma Exports Rights Issue Timetable
| Last Date to buy shares | 12 April 2024 |
| Record Date | 15 April 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 25 April 2024 |
| Renunciation of Rights Entitlements | 24 May 2024 |
| Bid/Offer Closes On | 24 May 2024 |
| Deemed Date of Allotment | 03 June 2024 |
| Credit Date | 05 June 2024 |
| Listing Date | 06 June 2024 |
Sakuma Exports Rights Issue Details
| Issue Open | April 25, 2024 – May 24, 2024 |
| Security Name | Sakuma Exports Ltd. |
| Issue Size (Shares) | 78,984,298 |
| Issue Size (Amount) | ₹199.83 Crores |
| Issue Price | ₹25.3 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price being Rs.25.30 will be payable on application. |
| Entitlement | 33 Rights Equity Share(s) for every 98 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 571.42 | 669.31 | 429.99 |
| Revenue | 3,180.40 | 2,860.32 | 1,333.48 |
| Profit After Tax | 28.45 | 27.44 | 11.03 |
| Reserves and Surplus | 252.84 | 231.07 | 207.72 |
| Total Borrowing | 16.52 | 85.53 | 4.98 |
Rights Issue Documents
Lead Manager(s)
- First Overseas Capital Limited
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Contact Information
Sakuma Exports Ltd.
Aurus Chamber, A 301-302, Near Mahindra Tower
S S Amrutwar Lane, Worli-400013,
Mumbai
Phone: +91 22 24999021
Email: companysecretary@sakumaexportsltd.com
Website: https://sakumaexportsltd.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
