Skipper Rights Issue will open for subscription from 30 January 2024. the company aims for an issue size of ₹199.18 Crores through this rights Issue.
About the company
Founded in 1981, Skipper Limited manufactures transmission and distribution structures such as towers and poles. The company manufactures high-quality polymer pipes and fittings used in both agricultural and plumbing applications. Skipper has three manufacturing facilities in West Bengal and one in Assam. The company has a presence in over 55 countries, including Latin America, Europe and Africa. It has over 42 years of experience as India’s integrated T&D company with its structure rolling, in-house manufacturing, tower load testing station, and EPC for transmission lines. The company employs over 2,446 people.
Objectives of the Issue
- To meet the Working Capital requirements of the Company,
- General Corporate Purposes.
Skipper Rights Issue Timetable
| Last Date to buy shares | 11 January 2024 |
| Record Date | 12 January 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 30 January 2024 |
| Renunciation of Rights Entitlements | 05 February 2024 |
| Bid/Offer Closes On | 08 February 2024 |
| Deemed Date of Allotment | 15 February 2024 |
| Credit Date | 16 February 2024 |
| Listing Date | 19 February 2024 |
Skipper Rights Issue Details
| Issue Open | January 30, 2024 – February 8, 2024 |
| Security Name | Skipper Ltd |
| Issue Size (Shares) | 10,267,021 |
| Issue Size (Amount) | ₹199.18 Crores |
| Issue Price | ₹194 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Issue Price of Rs.194 is to be paid as Rs. 48.50 on Application and Rs.145.50 on up to three Additional Calls as may be decided by the Board/Rights Issue Committee. |
| Entitlement | 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,222.64 | 2,083.95 | 1,919.27 |
| Revenue | 1,985.62 | 1,711.09 | 1,585.53 |
| Profit After Tax | 35.57 | 25.15 | 21.43 |
| Net Worth | 767.41 | 732.13 | 707.84 |
| Total Borrowing | 484.02 | 566.65 | 438.55 |
Skipper Rights Issue Documents
Lead Manager(s)
- Vc Corporate Advisors Pvt Ltd (Vcapl)
Skipper Rights Issue Registrar
Maheshwari Datamatics Pvt. Ltd
Phone: 033 22435029 / 22482248
Email: mdpldc@yahoo.com
Website: http://www.mdpl.in
Company Contact Information
Skipper Ltd
3 A, Louder Street
1st Floor
Kolkata- 700017
Phone: 033 22895731
Email: investor.relations@skipperlimited.com
Website: https://www.skipperlimited.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
