SEPC Limited Rights Issue will open for subscription from 06 December 2023. the company aims for an issue size of ₹49.90 Crores through this rights Issue.
About the company
Incorporated in 2000, Shriram EPC Limited is an end-to-end solutions provider for Engineering, Procurement, and Construction (EPC) projects, offering multi-disciplinary services and project management solutions. SEPC Limited, which stands for “Solution Engineering Procurement Construction,” focuses on providing turnkey solutions in two main business areas:
1. Infrastructure, including Water and sewer, and Road projects.
2. Process and Metallurgy, which includes Process Plants, Steel Plants, Mine Development, and Power Plants.
The company is an Engineering Procurement and Construction Company certified with ISO 9001-2015 QMS DAkkS, ISO 9001-2015 QMS NABCB, ISO 45001-2018 DAkkS, and ISO 14001- 2015 EMS DAkkS. The core strength of the company lies in the following:-
- SEPC’s expertise in providing premium design and engineering solutions has helped the company establish a prominent position in both the domestic and international markets.
- They have a well-established presence in sectors with high growth potential.
- The company’s strong management team, with extensive experience, has played a crucial role in guiding SEPC through the most challenging times in the EPC industry.
Objectives of the Issue
- To augment the existing and incremental working capital requirement of our Company.
- General Corporate Purposes.
SEPC Limited Rights Issue Timetable
| Last Date to buy shares | 24 November 2023 |
| Record Date | 28 November 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 06 November 2023 |
| Renunciation of Rights Entitlements | 12 November 2023 |
| Bid/Offer Closes On | 18 November 2023 |
| Deemed Date of Allotment | 22 November 2023 |
| Credit Date | 27 November 2023 |
| Listing Date | 29 November 2023 |
SEPC Limited Rights Issue Details
| Issue Open | December 6, 2023 – December 18, 2023 |
| Security Name | SEPC Limited |
| Issue Size (Shares) | 38,384,615 |
| Issue Size (Amount) | ₹49.90 Crores |
| Issue Price | ₹13 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | ₹13/- per Rights Equity Share including premium of ₹ 3/- per Rights Equity Share shall be payable on Application. |
| Entitlement | 1 Rights Equity Share(s) for every 36 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,001.82 | 2,223.22 | 2,416.29 |
| Revenue | 398.88 | 340.59 | 606.14 |
| Profit After Tax | -4.90 | -263.70 | -179.47 |
| Net Worth | 1,088.09 | 739.47 | 1,005.11 |
| Reserves and Surplus | -237.96 | -227.17 | 21.84 |
| Total Borrowing | 405.83 | 978.27 | 835.89 |
Rights Issue Documents
- To augment the existing and incremental working capital requirement of our Company
- General Corporate Purposes.
Lead Manager(s)
Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: rights@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
SEPC Limited
4th Floor, Bascon Futura SV
IT Park Venkatanarayana Road
Parthasarathy Puram, T. Nagar Chennai, 600 017
Phone: +91 44 4900 5555
Email: info@sepc.in
Website: http://www.shriramepc.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
