Shraddha Prime Projects Rights Issue will open for subscription from 10 July 2023. the company aims for an issue size of ₹49.88 Crores through this rights Issue.
About the company
Incorporated in 1993, Shraddha Prime Projects Limited is an integrated construction and real estate development company, primarily focused on the construction and development of residential and commercial projects, in and around Mumbai, Maharashtra. The “Shraddha Group” brand has established a successful track record in the real estate industry in Mumbai and Pune. They engaged in developing real estate projects by focussing on innovative architecture, strong project execution, and quality construction. Broady Shraddha Group undertakes the business of real estate involving developing, leasing, constructing, redevelopment, etc. various residential and commercial projects.
Objectives of the Issue
- Repayment of Unsecured Loan;
- General Corporate Expense
Rights Issue Timetable
| Last Date to buy shares | 30 June 2023 |
| Record Date | 03 July 2023 |
| Credit of Rights Entitlements | 07 July 2023 |
| Bid/Offer Opens On | 10 July 2023 |
| Renunciation of Rights Entitlements | 19 July 2023 |
| Bid/Offer Closes On | 24 July 2023 |
| Deemed Date of Allotment | 28 July 2023 |
| Credit Date | 01 August 2023 |
| Listing Date | 03 August 2023 |
Shraddha Prime Projects Rights Issue Details
| Issue Open | Jul 10, 2023 – Jul 24, 2023 |
| Security Name | Shraddha Prime Projects Limited |
| Issue Size (Shares) | 16,625,020 |
| Issue Size (Amount) | ₹49.88 Crores |
| Issue Price | ₹30 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Rs. 30 on Rights Equity Shares will be payable on the application. |
| Entitlement | 365 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1.19 | 0.10 | -0.25 |
| 31-Mar-22 | 21.43 | 0.13 | -0.31 |
| 31-Mar-23 | 133.23 | 8.62 | 0.62 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Rcmc Share Registry Private Limited
Phone: (91) 120 4015880
Email: investor.services@rcmcdelhi.com
Website: http://www.rcmcdelhi.com/
Company Contact Information
Shraddha Prime Projects Limited
A-309, Kanara Business Centre Premises CS Limited,
Link Road, Laxmi Nagar,
Ghatkopar (East), Mumbai – 400 075
Phone: 022 21646000
Email: shraddhaprimeprojects@gmail.com
Website: http://www.shraddhaprimeprojects.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
