Sakuma Exports Rights Issue

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 shares12 April 2024
Record Date15 April 2024
Credit of Rights Entitlements
Bid/Offer Opens On25 April 2024
Renunciation of Rights Entitlements24 May 2024
Bid/Offer Closes On24 May 2024
Deemed Date of Allotment03 June 2024
Credit Date05 June 2024
Listing Date06 June 2024

Sakuma Exports Rights Issue Details

Issue OpenApril 25, 2024 – May 24, 2024
Security NameSakuma 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 AtBSE, NSE
Terms of PaymentThe full amount of the Issue Price being Rs.25.30 will be payable on application.
Entitlement33 Rights Equity Share(s) for every 98 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax28.4527.4411.03
Reserves and Surplus252.84231.07207.72
Total Borrowing16.5285.534.98
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

  • First Overseas Capital Limited

Rights Issue Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200

Company Contact Information

Sakuma Exports Ltd.
Aurus Chamber, A 301-302, Near Mahindra Tower
S S Amrutwar Lane, Worli-400013,

Phone: +91 22 24999021

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

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