Shree Rama Multi-Tech Rights Issue

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 shares29 May 2023
Record Date30 May 2023
Credit of Rights Entitlements
Bid/Offer Opens On12 June 2023
Renunciation of Rights Entitlements21 June 2023
Bid/Offer Closes On26 June 2023
Deemed Date of Allotment
Credit Date
Listing Date

Shree Rama Multi-Tech Rights Issue Details

Issue OpenJun 12, 2023 – Jun 26, 2023
Security NameShree 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 AtBSE, NSE
Terms of PaymentThe full amount of the Issue Price being ₹ 9 will be payable on application.
Entitlement11 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
(Amount in ₹ Crore)

Shree Rama Multi-Tech Rights Issue Documents

Lead Manager(s)

  • Vivro Financial Services Private Limited

Rights Issue Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000

Company Contact Information

Shree Rama Multi-Tech Limited
18, Corporate House,
Opp. Dinesh Hall,
Navrangpura, Ahmedabad – 380 009

Phone: +91 79 2754 6800

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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