Shiva Cement Rights Issue

Shiva Cement Rights Issue will open for subscription from 22 April 2024. the company aims for an issue size of ₹400 Crores through this rights Issue.

About the company

Shiva Cement Limited was incorporated in 1985 and is engaged in the manufacture of clinker and trading of other related products. The company’s manufacturing facility is located near the geographical boundary of three eastern states of India, namely Odisha, Chhattisgarh and Jharkhand. The company’s clinker production plant has a capacity of 4,000 TPD (equivalent to 1.32 MTPA), a waste heat recovery system with a capacity of 8.9 MW and its own 132KV power line. The company is also in the process of setting up a crushing plant for 4 MTPA of limestone at its mines in Khatkurbahal, Odisha. As on June 30, 2023, the company employed 225 permanent employees.

Objectives of the Issue

  • Repayment or prepayment, in full or in part, of certain borrowings availed by the company
  • General corporate purposes.

Shiva Cement Rights Issue Timetable

Last Date to buy shares02 April 2024
Record Date03 April 2024
Credit of Rights Entitlements19 April 2024
Bid/Offer Opens On22 April 2024
Renunciation of Rights Entitlements30 April 2024
Bid/Offer Closes On06 May 2024
Deemed Date of Allotment10 May 2024
Credit Date14 May 2024
Listing Date20 May 2024

Shiva Cement Rights Issue Details

Issue OpenApril 22, 2024 – May 6, 2024
Security NameShiva Cement Ltd.
Issue Size (Shares)100,000,000
Issue Size (Amount)₹400.00 Crores
Issue Price₹40 per share
Face Value₹2 per share
Listing AtBSE
Terms of PaymentThe full amount of Rs. 40 is payable on the application.
Entitlement20 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date

Company Financials

Period Ended31 Mar 202331 Mar 2022
Profit After Tax-80.47-25.52
(Amount in ₹ Crore)

Shiva Cement Rights Issue Documents

Lead Manager(s)

  • JM Financial Limited

Shiva Cement Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000

Company Contact Information

Shiva Cement Ltd.
Village Telighana,
Kutra, Sundargarh – 770 018

Phone: +91 661 246 1300

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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