Sharanam Infraproject & Trading Rights Issue will open for subscription from 24 January 2024. the company aims for an issue size of ₹7.00 Crores through this rights Issue.
About the company
Incorporated in February 1992, Sharanam Infraproject And Trading Limited is involved in the retail business of supplying building materials. The company provides services, including real estate transactions, specifically the buying and selling of land and buildings. It also involves activities such as owning, renting, subletting, maintaining, transferring, exchanging, mortgaging, and collecting rent on properties. Additionally, it engages in the business of construction, reconstruction, extension, alteration, and demolition of buildings, as well as the repair, overhaul, and maintenance of properties and related materials.
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
- To meet the working capital requirements of the company
Sharanam Infraproject & Trading Rights Issue Timetable
| Last Date to buy shares | 09 January 2024 |
| Record Date | 10 January 2024 |
| Credit of Rights Entitlements | – |
| Bid/Offer Opens On | 24 January 2024 |
| Renunciation of Rights Entitlements | 29 January 2024 |
| Bid/Offer Closes On | 02 February 2024 |
| Deemed Date of Allotment | 08 February 2024 |
| Credit Date | 13 February 2024 |
| Listing Date | 15 February 2024 |
Sharanam Infraproject & Trading Rights Issue Details
| Issue Open | January 24, 2024 – February 2, 2024 |
| Security Name | Sharanam Infraproject And Trading Ltd |
| Issue Size (Shares) | 70,001,400 |
| Issue Size (Amount) | ₹7.00 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | – |
| Entitlement | 7 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4.30 | 4.30 | 4.23 |
| Revenue | 0.00 | 0.18 | 0.46 |
| Profit After Tax | -0.17 | 0.02 | 0.00 |
| Net Worth | |||
| Reserves and Surplus | -1.29 | -1.32 |
Sharanam Infraproject & Trading Rights Issue Documents
Lead Manager(s)
–
Sharanam Infraproject & Trading Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investors@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Sharanam Infraproject And Trading Ltd
303, Earth Arise
Nr. Y.M.C.A. Club, S. G. Road
Makarba, Vejalpur, Ahmedabad – 380 051
Phone: 079-29707666
Email: sharanaminfraproject@gmail.com
Website: https://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
