Swiss Military Consumer Goods Rights Issue will open for subscription from 23 August 2024. The company aims for an issue size of ₹49.15 Crores through this rights Issue.
About the company
Founded in 1989 and headquartered in New Delhi, India, Swiss Military Consumer Goods operates as a public company. Specializing in the marketing, sale, distribution, and trading of various lifestyle products, the company offers a diverse range. Their portfolio includes men’s innerwear, home appliances (brown goods), travel gear, luggage, electronics, and more.
Swiss Military Consumer Goods markets over 1,500 products through more than 900 multi-brand outlets and 15 e-commerce platforms. This extensive reach is supported by a network of over 1,000 dealers and 15 manufacturing partners. As a subsidiary of Anushi Retail LLP, the company is continually expanding its market presence and product offerings to meet the evolving needs of consumers in India and beyond. Demonstrating robust financial health, the Swiss Military has achieved an impressive average annual earnings growth rate of 79% over the past five years. The company has 86 employees on its payroll.
Objectives of the Issue
- To meet the incremental working capital requirement of the company – ₹ 19.71 crore
- To invest/infuse funds in the newly incorporated wholly owned subsidiary namely SM Travel Gear Private Limited, for the acquisition of plant & machinery for a new manufacturing facility dedicated to producing high-quality luggage & travel gear and also to meet the working capital requirements of the new plant – ₹ 24.51 crore
- General corporate purposes – ₹ 4.58 crore
Swiss Military Consumer Goods Rights Issue Timetable
| Rights Issue Approval Date | 25 July 2024 |
| Rights Issue Record Date | 09 August 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 23 August 2024 |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | 06 September 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Swiss Military Consumer Goods Rights Issue Details
| Issue Open | August 23, 2024 – September 6, 2024 |
| Security Name | Swiss Military Consumer Goods Ltd. |
| Issue Size (Shares) | 39,318,798 |
| Issue Size (Amount) | ₹49.15 Crores |
| Issue Price | ₹12.5 per share |
| Face Value | ₹2 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of the Issue Price of ₹12.5/- per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
Swiss Military Rights Issue Calculation
| Swiss Military Rights Issue Price | ₹ 12.50 per share |
| Market Price on Rights Issue Approval | ₹ 26.35 per share |
| Dilution Factor (X) | 1.20 |
| Fair Value After Dilution at Prevailing Price | ₹ 24.02 per share |
Company Financials
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 5.19 | 55.50 | 122.21 |
| Expenses | 5.21 | 52.92 | 116.36 |
| Operating Margin (%) | 0.62 | 5.02 | 5.46 |
| Net Income | 0.03 | 2.75 | 5.18 |
Rights Issue Documents
Swiss Military Consumer Goods Rights Issue Lead Manager(s)
TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED
714, Vishwadeep Building, Plot No. 4,
District Centre, Janakpuri, New Delhi- 110058
Phone: +91-11-45510390, 41395590
E-mail: Info@tcagroup.in
Website: www.tcagroup.in
Rights Issue Registrar
ALANKIT ASSIGNMENTS LIMITED
4E/21, Alankit House, Jhandewalan
Extension, New Delhi – 110055
Phone: +91-11- 42541966
E-mail: abhinavka@alankit.com
Website: www.alankit.com
Company Contact Information
SWISS MILITARY CONSUMER GOODS LIMITED
621-624, 6th Floor, JMD Megapolis, Sohna Road,
Sector 48, Gurgaon-122001, Haryana
Phone: +91-11- 41067060
E-mail: cs@swissmilitaryshop.com
Website: www.swissmilitaryshop.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
