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 shares | 02 April 2024 |
| Record Date | 03 April 2024 |
| Credit of Rights Entitlements | 19 April 2024 |
| Bid/Offer Opens On | 22 April 2024 |
| Renunciation of Rights Entitlements | 30 April 2024 |
| Bid/Offer Closes On | 06 May 2024 |
| Deemed Date of Allotment | 10 May 2024 |
| Credit Date | 14 May 2024 |
| Listing Date | 20 May 2024 |
Shiva Cement Rights Issue Details
| Issue Open | April 22, 2024 – May 6, 2024 |
| Security Name | Shiva 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 At | BSE |
| Terms of Payment | The full amount of Rs. 40 is payable on the application. |
| Entitlement | 20 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,391.49 | 898.36 |
| Revenue | 3.47 | 7.27 |
| Profit After Tax | -80.47 | -25.52 |
Shiva Cement Rights Issue Documents
Lead Manager(s)
- JM Financial Limited
Shiva Cement Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: scl.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Company Contact Information
Shiva Cement Ltd.
Village Telighana,
Birangatoli,
Kutra, Sundargarh – 770 018
Phone: +91 661 246 1300
Email: cs@shivacement.com
Website: http://www.shivacement.com/
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
