SEPC Limited Rights Issue

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 shares24 November 2023
Record Date28 November 2023
Credit of Rights Entitlements
Bid/Offer Opens On06 November 2023
Renunciation of Rights Entitlements12 November 2023
Bid/Offer Closes On18 November 2023
Deemed Date of Allotment22 November 2023
Credit Date27 November 2023
Listing Date29 November 2023

SEPC Limited Rights Issue Details

Issue OpenDecember 6, 2023 – December 18, 2023
Security NameSEPC Limited
Issue Size (Shares)38,384,615
Issue Size (Amount)₹49.90 Crores
Issue Price₹13 per share
Face Value₹10 per share
Listing AtBSE, NSE
Terms of Payment₹13/- per Rights Equity Share including premium of ₹ 3/- per Rights Equity Share shall be payable on Application.
Entitlement1 Rights Equity Share(s) for every 36 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Profit After Tax-4.90-263.70-179.47
Net Worth1,088.09739.471,005.11
Reserves and Surplus-237.96-227.1721.84
Total Borrowing405.83978.27835.89
(Amount in ₹ Crore)

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

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

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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