Shree Rama Multi-Tech Rights Issue will open for subscription from 12 June 2023. the company aims for an issue size of ₹63 Crores through this rights Issue.
Shree Rama Multi-Tech Limited
Incorporated in 1987, Shree Rama Multi-Tech Limited provides primary packaging solutions for oral care, pharmaceuticals, cosmetics, and fast-moving consumer goods (FMCG) sectors. The company manufactures packaging products such as laminated tubes (“Lami Tubes”), tube laminates, and flexible laminates. Shree Rama Multi-Tech Limited’s manufacturing facility is located in Moti Bhoyan, Dist. Gandhinagar, Gujarat, and has the capacity to manufacture Lami Tubes of 9,574 Lakhs Nos. per annum and laminates (tube & flexible) of 15,000 metric tons per annum.
The company’s client list consists of medium and large-scale manufacturers of oral care, pharmaceuticals, cosmetics, and FMCG products, and are situated in India as well as overseas in the countries like Belarus, Bulgaria, Indonesia, Nepal, Saudi Arabia, Singapore, Switzerland, Shri Lanka, Slovenia, Tanzania, Tunisia, UAE, USA, etc.
Objectives of the Issue
- Repayment of certain outstanding borrowings including redemption of non-convertible debentures.
- General corporate purposes.
Shree Rama Multi-Tech Rights Issue Timetable
| Last Date to buy shares | 29 May 2023 |
| Record Date | 30 May 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 12 June 2023 |
| Renunciation of Rights Entitlements | 21 June 2023 |
| Bid/Offer Closes On | 26 June 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Shree Rama Multi-Tech Rights Issue Details
| Issue Open | Jun 12, 2023 – Jun 26, 2023 |
| Security Name | Shree Rama Multi-Tech Limited |
| Issue Size (Shares) | 70,000,000 |
| Issue Size (Amount) | ₹63.00 Crores |
| Issue Price | ₹9 per share |
| Face Value | ₹5 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The full amount of the Issue Price being ₹ 9 will be payable on application. |
| Entitlement | 11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 120.82 | 131.00 | 21.06 | 24.25 | |
| 31-Mar-21 | 115.79 | 136.00 | 3.43 | 27.87 | -3.50 |
| 31-Mar-22 | 124.50 | 150.74 | -4.92 | 23.11 | -8.25 |
Shree Rama Multi-Tech Rights Issue Documents
Lead Manager(s)
- Vivro Financial Services Private Limited
Rights Issue Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: srmtl.rights@kfintech.com
Website: https://karisma.kfintech.com/
Company Contact Information
Shree Rama Multi-Tech Limited
18, Corporate House,
Opp. Dinesh Hall,
Navrangpura, Ahmedabad – 380 009
Phone: +91 79 2754 6800
Email: cslegal@srmtl.com
Website: http://www.srmtl.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
