Sadhana Nitrochem Rights Issue: Important Details to Check

1. Sadhana Nitrochem Rights Issue Bid/offer opens from September 20, 2024 till October 01, 2024
2. The company issued a total of 8.23 crore Equity shares amounting to Rs 49.91 crores
3. The company set the rights issue price at Rs 6.06 per share

Sadhana Nitrochem Limited came up with the rights issue. The company issued a total of 82,352,818 Equity shares with a decided issue price of Rs 6.06 per share, a total amounting to Rs 49.91 crores. Meanwhile, the face value is reported as Re 1 per share. Investors who currently do not hold shares of Sadhana Nitrochem Limited have the opportunity to purchase shares until September 12, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is September 13, 2024. However, Link Intime India Private Limited is appointed as the registrar for this rights issue. If we look at the entitlement ratio, it is mentioned that 1 Rights Equity Share(s) is used for every 3 fully paid-up Equity Shares held on Record Date.

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About Sadhana Nitrochem Limited

Sadhana Nitro Chem Ltd. (SNCL), incorporated in 1973, specializes in the production of intermediate specialty chemicals and is an ISO 9001:2015 certified company. SNCL manufactures downstream derivatives of Nitrobenzene and other chemical intermediates for a variety of industries, including aerospace, pharmaceuticals, agriculture, and dyes.

Recognized as a 2-Star Golden Export House by the government, SNCL’s products are used in applications such as optical brightening agents, plastic additives, special fibers, epoxy resin hardeners, and performance chemicals.

Sadhana Nitrochem Limited: Objectives

The company plans to utilize the Net Proceeds for the purposes including financing the acquisition of a 126-acre plot of land and Issue related expenses.

Important Dates for Sadhana Nitrochem Rights Issue

Timetable of Sadhana Nitrochem Rights Issue

Financial Performance of Sadhana Nitrochem Limited (Amt in Rs Crore)

Lead manager(s), Registrar of Rights Issue & Letter of Offer

The firm has not yet disclosed the appointed lead manager for the rights issue. Whereas, Link Intime India Private Limited is appointed as a registrar for this rights issue. You can check your allotment status here. To read the letter of offer in detail, click here.

FAQs

1. What are the important dates for Sadhana Nitrochem's rights issue?

The important dates include the opening & closing dates of the rights issue September 20, 2024, and October 01, 2024, respectively.

2. What is the last date for buying shares to get eligible for this rights issue?

To get eligible for the rights issue of Sadhana Nitrochem Limited, an investor can buy its shares till September 12, 2024.

3. What is the record date for the Sadhana Nitrochem Rights Issue?

The record date, which is the date to determine the shareholder's eligibility for the Rights Issue is September 13, 2024.

4. How can I apply for the Sadhana Nitrochem Limited Rights Issue?

You can apply for Sadhana Nitrochem Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility).

5. How can I check the allotment status of the Sadhana Nitrochem Issue?

The registrar for this rights issue is Link Intime India Private Limited. You can check your allotment status here.

6. From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

7. Where will the Sadhana Nitrochem Rights Issue be listed?

The Rights Issue will be listed on the NSE and BSE.

8. What is the entitlement ratio for the Sadhana Nitrochem Limited Rights Issue?

The entitlement ratio is set at 1 Rights Equity Share (s) for every 3 fully paid-up equity share (s) held on the record date.

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