Sanginita Chemicals Limited Rights Issue: Read all Important Details Here

Sanginita Chemicals Limited is coming with its rights issue in the coming week. The bid opens on May 15, 2024 and closes on May 27, 2024. The last date to buy shares is Monday, May 6, 2024. The record date of this new issue is Tuesday, May 7, 2024. The issue size is of 8,633, 850 equity shares amounting to Rs 15.54 crores. The issue price is set at Rs 18 per share, and the face value is at Rs 1 per share. This issue will give existing shareholders eligibility to buy Sanginita Chemicals equity shares at a discounted price. Currently, Sanginita Chemicals's share price is Rs 25.55 per share. The eligible shareholders are being offered one Rights Equity shares for every two fully paid up equity shares held on a May 7, 2024, record date. The payment terms are decided as the full amount of Rs 18 per share is payable on application. Through this rights issue, the company plans to raise Rs 15.54 crores. The registrar and lead managers for this issue are not yet announced.

About Sanginita Chemicals Limited

Sanginita Chemicals, incorporated in 2005, manufactures and exports cuprous chloride, copper sulphate, copper phthalocyanine blue and cupric chloride. Sanginita Chemicals offers a wide range of products for the surface coating industry, including decorative and industrial paints, protective coatings, and printing inks. The company’s products are used in the dye and pigment industry, paint industry, pharma industry, electroplating industry, metal extraction industry, printing ink, carbon paper and PVC pipe coating. Also, the company offers customised solutions to its customers for their specific requirements. The philosophy of Sanginita Chemicals is to keep customer satisfaction at its peak through continuous quality and superior service. The optimum utilisation of resources by value-added activity and surpassing the industry's benchmark on various key riders is the cultivated working culture of the SCL. 

Objectives of Sanginita Chemicals Rights Issue

The objective of this issue is to raise funds from the existing equity shareholders which is likely to be used for business growth. As of now, the objectives for the issue are not yet announced.

Financials Details of Sanginita Chemicals Limited  (Amt in Rs Crores)

Sanginita Chemicals Limited posted a revenue of Rs 149.13 crore and net profit of Rs 0.42 crore for the year ending on 31 March 2023. The company’s revenue decreased by -24.85% and PAT increased by 19.57% between the FY ending on 31 March 2023 and 31 March 2022. 

Important Details for Sanginita Chemicals Limited Rights Issue

Timetable of Sanginita Chemicals Limited Rights Issue

How to Apply for Sanginita Chemicals Limited Rights Issue?

Wait for the public issue to open for subscription, then click here to apply for the Sanginita Chemicals Limited Rights Issue with Bigul.

How do you check the allotment status of the Sanginita Chemicals Limited Rights issue?

The registrar for this upcoming rights issue is not yet announced. Once it gets announced, inventors can check the allotment by visiting their website.

FAQs

1. What is the Sanginita Chemicals Limited Rights Issue?

The issue size is of 8,633, 850 equity shares amounting to Rs 15.54 crores. The issue price is set at Rs 18 per share, and the face value is at Rs 1 per share. This issue will give eligibility to the existing shareholders to buy Sanginita Chemicals equity shares at discounting price. 

2. When does the Rights Issue open and close?

The bid opens on May 15, 2024 and closes on May 27, 2024. The last date to buy shares is Monday, May 6, 2024. The record date of this new issue is Tuesday, May 7, 2024. 

3. How can I apply for the Sanginita Chemicals 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 Sanginita Chemicals Limited Issue?

The registrar for this upcoming rights issue is not yet announced. Once it gets announced, inventors can check the allotment by visiting their website.

5. What is the objective of Sanginita Chemicals Limited Rights Issue?

The objective of this issue is to raise funds from the existing equity shareholders which is likely to be used for business growth. As of now, the objectives for the issue are not yet announced.

6. What is the record date for the Sanginita Chemicals Limited Rights Issue?

The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for May 7, 2024.

7. Where will the Sanginita Chemicals Limited Right Issue be listed?

The Rights Issue will be listed on the NSE.

8. What is the entitlement ratio for the Sanginita Chemicals Limited Right Issue? 

The entitlement ratio is set at one Rights equity Shares for every two fully paid-up equity shares held on record date May 7, 2024.