11-Apr-2024
2 mins read
Sakuma Exports Limited rights issue will open for subscription on Thursday, April 25, 2024 and close on Monday, May 13, 2024. This issue will give eligibility to the existing shareholders to buy Sakuma Exports equity shares at a discount price. The last date to buy shares is Friday, April 12, 2024. The record date of this new issue is Friday, April 5 , 2024. The issue size is of 78,984,298 equity shares amounting to Rs 199.83 crores. The issue price is set at Rs 25.3 per share, and the face value is at Rs 1 per share. Presently, Sakuma Exports's share price is Rs 26.55 per share. The eligible shareholders are being offered 33 Rights Equity shares for every ninety-eight fully paid-up equity shares held on an April 15, 2024, record date. Through this rights issue, the company plans to raise Rs 199.83 crores. First Overseas Capital Limited is the lead manager of this issue, and Bigshare Services Private Limited is the registrar.
About Sakuma Exports Limited
Sakuma Exports Limited was incorporated in December 1998, engaged in the business of trading agricultural commodities. The commodities like Sugar, Pulses, Maize, Cotton and Rice. Company also exports products to the USA, Asia, Africa, East Asia, Europe, Australia and the Middle east. Sakuma Group comprises SEL and 6 other companies located in Dubai, Singapore, Ghana, Tanzania, Canada and Bahrain. Sakuma Exports and its 6 subsidiaries serve a range of well known customers in the international agro commodities trading industry. Some of their key customers are COFCO International Singapore PTE Ltd, Wilmar sugar PTE Limited and many other similar traders. As per the latest record available on December 31, 2023, the company’s team is 96 employees in various departments.
Objectives of Sakuma Exports Limited Rights Issue
The amount received from this rights issue will be used to address the incremental working capital requirement. Issue-related expenses will also be deducted. The remaining amount will be used for general corporate purposes.
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Financial Details of Sakuma Exports Limited (Amt in Rs Crores)
Sakuma Exports reported revenue of Rs 3,180.40 crore and PAT of Rs 28.45 crore for the period ending 31 March 2023. Between the FY ending 31 March 2023 and 31 March 2022, the company’s revenue increased by 11.19%, and PAT rose by 3.65%.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 571.42 | 669.31 | 429.99 |
| Revenue | 3,180.40 | 2,860.32 | 1,333.48 |
| Profit After Tax | 28.45 | 27.44 | 11.03 |
| Reserves and Surplus | 252.84 | 231.07 | 207.72 |
| Total Borrowing | 16.52 | 85.53 | 4.98 |
Important Details for Sakuma Exports Rights Issue
| Issue Open | April 25, 2024 - May 13, 2024 |
| Security Name | Sakuma Exports Limited |
| Issue Size (Shares) | 78,984,298 |
| Issue Size (Amount) | Rs 199.83 Crores |
| Issue Price | Rs 25.3 per share |
| Face Value | Rs 1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Not yet announced |
| Entitlement | 33 Rights Equity Shares for every 98 fully paid-up Equity Shares held on April 15, 2024 |
Timetable of Sakuma Exports Limited Rights Issue
| Last Date to buy shares | Friday, April 12, 2024 |
| Record Date | Monday, April 15, 2024 |
| Credit of Rights Entitlements | Not yet announced |
| Bid/Offer Opens On | Thursday, April 25, 2024 |
| Renunciation of Rights Entitlements | Tuesday, May 7, 2024 |
| Bid/Offer Closes On | Monday, May 13, 2024 |
| Deemed Date of Allotment | Not yet announced |
| Credit Date | Not yet announced |
| Listing Date | Not yet announced |
How to Apply for the Sakuma Exports Limited Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Sakuma Exports Limited Rights Issue with Bigul.
How do you check the allotment status of the Sakuma Exports Limited Rights issue?
The registrar for Sakuma Exports Limited Rights Issue is Bigshare Services Private Limited. Investors can check the allotment status by clicking here.
FAQs
1. What is the Sakuma Exports Limited Rights Issue?
Sakuma Rights issue size is of 78,984,298 equity shares amounting to Rs 199.83 crores. The issue price is set at Rs 25.3 per share, and the face value is at Rs 1 per share. The last date to buy shares is Friday, April 12, 2024. The record date of this new issue is Friday, April 5 , 2024.
2. When does the Rights Issue open and close?
Sakuma Exports rights issue will open for subscription on Thursday, April 25, 2024 and close on Monday, May 13, 2024.
3. How can I apply for the Sakuma Exports Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
4. How can I check the allotment status of the Sakuma Exports Limited Issue?
The registrar for this right issue is Bigshare Services Private Limited. Investors can check the allotment status by clicking here. Stay tuned for further updates.
5. What is the objective of Sakuma Exports Limited Rights Issue?
The amount received from this rights issue will be used for dealing with the incremental working capital requirement. The issue related expenses will also be deducted. Other than this, the remaining amount will be used for the general corporate purposes.
6. What is the record date for the Sakuma Exports Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for April 15, 2024.
7. Where will the Sakuma Exports Limited Right Issue be listed?
The Rights Issue will be listed on both the exchanges BSE, NSE.
8. What is the entitlement ratio for the Sakuma Exports Limited Right Issue?
The entitlement ratio is set at 33 Rights equity Shares for every ninety eight fully paid-up equity shares held on record date April 15, 2024.
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