Syschem India Rights Issue

Syschem India Rights Issue will open for subscription from 16 October 2023. the company aims for an issue size of ₹31.89 Crores through this rights Issue.

About the company

Syschem (India) Limited is engaged in the manufacturing of Bulk Drugs, Intermediates, Specialty Chemicals, and contract manufacturing. The company’s product portfolio includes Amoxycillin Trihydrate, Ampicillin Trihydrate, Cloxacillin Sodium, Dicloxacillin Sodium, Flucloxacillin Sodium, Oxacillin Sodium, Cefalexin Monohydrate, Cefadroxil Monohydrate, and Cefaclor. Syschem (India) is among the very few research-driven API manufacturing companies in India that provide customized solutions at a commercial scale. Its clientele comes from domestic as well as International markets. The company is headquartered in Chandigarh and has Manufacturing facilities located at Kalka, Panchkula (Haryana).

Objectives of the Issue

  • To Expand the existing manufacturing facility for manufacturing of Amoxicillin and Cephalexin at unit located at Village Bargodam, Tehsil Kalka, Dist Panchkula, Haryana.
  • Working capital requirements.
  • General Corporate Purposes and Issue Expenses.

Syschem India Rights Issue Timetable

Last Date to buy shares28 September 2023
Record Date29 September 2023
Credit of Rights Entitlements
Bid/Offer Opens On16 October 2023
Renunciation of Rights Entitlements23 October 2023
Bid/Offer Closes On27 October 2023
Deemed Date of Allotment
Credit Date
Listing Date

Syschem India Rights Issue Details

Issue OpenOctober 16, 2023 – October 27, 2023
Security NameSyschem (India) Limited
Issue Size (Shares)7,972,600
Issue Size (Amount)₹31.89 Crores
Issue Price₹40 per share
Face Value₹10 per share
Listing AtBSE
Terms of PaymentThe full amount of Rs. 40/- per equity shares is payable on application.
Entitlement1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date

Syschem India Financials

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax-5.57-1.714.51
Net Worth7.126.9422.30
(Amount in ₹ Crore)

Syschem India Rights Issue Documents

Lead Manager(s)

Syschem India Registrar

Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281

Syschem India Contact Information

Syschem (India) Limited
Village Bargodam,
Tehsil Kalka
Dist Panchkula – 133302

Phone: 0172-5070471

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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