SEPC Rights Issue will open for subscription from 10 April 2023. the company aims for an issue size of ₹49.90 Crores through this rights Issue.
About the company
Incorporated in 2000, SPEC Limited provides engineering solutions through multi-disciplinary design, procurement, construction, and project management services. The company serves in the Process & Metallurgy, Power, Water Infrastructure, and Mining & Mineral Processing business segments.
SPEC Limited’s customer list includes Ahmedabad Urban Development Corporation, Bangalore Water Supply and Sewerage Board, Basra Governorate, Republic of Iraq, Konkola Copper Mines plc, Zambia, and many more.
Objectives of the Issue
- To augment the existing and incremental working capital requirement of our Company
- General Corporate Purposes
SEPC Rights Issue Timetable
| Last Date to buy shares | 28 March 2023 |
| Record Date | 29 March 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 10 April 2023 |
| Renunciation of Rights Entitlements | 18 April 2023 |
| Bid/Offer Closes On | 24 April 2023 |
| Deemed Date of Allotment | 03 May 2023 |
| Credit Date | 05 May 2023 |
| Listing Date | 08 May 2023 |
Rights Issue Details
| Issue Open | Apr 10, 2023 – Apr 24, 2023 |
| Security Name | SEPC Limited |
| Issue Size (Shares) | 49,900,000 |
| Issue Size (Amount) | ₹49.90 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The entire amount of the Issue Price of Rs.10/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 2 Rights Equity Share(s) for every 53 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2,602.65 | 1,258.87 | -77.26 |
| 31-Mar-21 | 2,416.29 | 606.13 | -179.47 |
| 31-Mar-22 | 2,223.22 | 340.59 | -263.70 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
SEPC Limited
4th Floor, BASCON FUTURA SV IT Park,
Venkatnarayana Road, Parthasarathy Puram,
T. Nagar, Chennai – 600017
Phone: +91-44-4900 5555
Email: info@sepc.in
Website: http://www.sepc.in
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
