Sharanam Infraproject & Trading Rights Issue will open for subscription from 31 May 2023. the company aims for an issue size of ₹7.50 Crores through this rights Issue.
Sharanam Infraproject and Trading Limited
Incorporated in 1992, Sharanam Infraproject And Trading Limited engage in the business to set up facilities for the manufacture of wristwatch cases. The company engages in buying, selling, leasing, maintaining, subletting, maintaining allotting, transferring allotment, administering, exchanging mortgaging, accepting lease, tenancy or sub-tenancy and constructing, reconstructing, extending, altering or demolishing a building or demolishing building or tenements, block, flats, shops, godowns, materials incidental to construction, repair, overhaul or maintenance of land and building to fix and collect rents.
Sharanam is also engaged in the supply chain distribution of various Steel Products including building materials such as seamless or welded steel pipes, blooms, and slabs, welded pipe, electric resistance welding (ERW), high-frequency induction welding (HFI), longitudinal submerged arc welding (LSAW), seamless pipe, oil and gas industry usage, real Estate and infrastructural projects in Gujarat & nearby states.
Objectives of the Issue
- The company proposes to utilize the net proceeds from the issue towards meeting working capital requirements.
Sharanam Infraproject & Trading Rights Issue Timetable
| Last Date to buy shares | 19 May 2023 |
| Record Date | 22 May 2023 |
| Credit of Rights Entitlements | 26 May 2023 |
| Bid/Offer Opens On | 31 May 2023 |
| Renunciation of Rights Entitlements | 15 June 2023 |
| Bid/Offer Closes On | 20 June 2023 |
| Deemed Date of Allotment | 16 June 2023 |
| Credit Date | 21 June 2023 |
| Listing Date | 22 June 2023 |
Sharanam Infraproject & Trading Rights Issue Details
| Issue Open | May 31, 2023 – Jun 20, 2023 |
| Security Name | Sharanam Infraproject and Trading Limited |
| Issue Size (Shares) | 75,001,500 |
| Issue Size (Amount) | ₹7.50 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | – |
| Entitlement | 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 4.30 | 0.18 | 0.02 |
| 31-Mar-23 | 4.30 | -0.17 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Company Contact Information
Sharanam Infraproject and Trading Limited
303, Earth Arise, Nr. Y.M.C.A. Club,
S. G. Road, Makarba, Vejalpur,
Vejalpur, Ahmedabad 380051
Phone: 079-2970 7666
Email: sharanaminfraproject@gmail.com
Website: http://www.sharanaminfra.co.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
