Spright Agro Limited Rights Issue: All You Need To Know

Spright Agro Limited is coming up with its rights issue this coming week. The bid opens on June 24, 2024 and closes on July 12, 2024. The last Date to buy shares is Thursday, June 6, 2024. The record date of this new issue is Friday, June 7, 2024. The issue size is of 33,484,611 equity shares amounting to Rs 44.87 crores. The issue price is Rs 13.4 per share, and the face value is Rs 1 per share. This issue will allow existing shareholders to buy Spright Agro equity shares at a discounted price. Spright Agro' share price is Rs 30 per share. The eligible shareholders are being offered 1 Rights Equity shares for every 15 fully paid-up equity shares held on a June 7, 2024, record date. The payment shall be made at the time of application. Through this rights issue, the company plans to raise Rs 44.87 crores. The registrar and lead managers for this issue have yet to be announced.  

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About Spright Agro Limited 

Spright Agro Limited founded in 1994, formerly known as Tine Agro Limited develops agricultural and forestry operations. The company plants, grows, cultivates, produces and breeds various agricultural and forestry crops, horticultural crops, greenhouses, net houses, aromatic plants in owned and leased farms. The company also operates as a manufacturer, exporter and importer, wholesaler, retailer and trader of all types of agricultural and other commodities.  

Objectives of Spright Agro Rights Issue 

The primary objective of Spright Agro rights issue is to raise funds from the existing shareholders by giving them shares at a discount rate. The company offering shares at 50% discount. The funds will likely be utilised for expansion of business. Other objectives have not yet been declared. 

Financials Details of Spright Agro Limited  (Amt in Rs Crores) 

Spright Agro Limited posted a revenue of Rs 72.59 crore and net profit of Rs 11.62 crore for the period ending on 31 March 2024. The revenue figures increased by 842.13% and net profit increased by 113924.42% between the FY ending on 31 March 2024 and 31 March 2023.  

Important Details for Spright Agro Limited Rights Issue 

Timetable of Spright Agro Limited Rights Issue 

How to Apply for Spright Agro Limited Rights Issue? 

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

How do you check the allotment status of the Spright Agro Limited Rights issue? 

The registrar for this upcoming rights issue is not yet declared. Once it gets announced investors can check it by visiting their website. 

FAQs 

1. What are the details of the Spright Agro Limited Rights Issue? 

The issue size is of 33,484,611 equity shares amounting to Rs 44.87 crores. The issue price is Rs 13.4 per share, and the face value is Rs 1 per share. This issue will allow existing shareholders to buy Spright Agro equity shares at a discounted price.  

2. When does the Rights Issue open and close? 

The bid opens on June 24, 2024 and closes on July 12, 2024. The last date to buy shares is Thursday, June 6, 2024. The record date of this new issue is Friday, June 7, 2024. 

3. How can I apply for the Spright Agro 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 Spright Agro Limited Issue? 

The registrar for this Nakoda Group rights issue is not yet declared. Once it gets announced investors can check it by visiting their website. 

5. What is the objective of the Spright Agro Limited Rights Issue? 

The primary objective of Spright Agro rights issue is to raise funds from the existing shareholders by giving them shares at a discount rate. The company offering shares at 50% discount. The funds will likely be utilised for expansion of business. Other objectives have not yet been declared. 

6. What is the record date for the Spright Agro Limited Rights Issue? 

The record date, which determines the shareholders eligible for the Rights Issue, is set for June 7, 2024. 

7. Where will the Spright Agro Limited Right Issue be listed? 

The Rights Issue will be listed on the BSE 

8. What is the entitlement ratio for the Spright Agro Limited Right Issue?  

The entitlement ratio is set at 1 Rights equity Shares for every 15 fully paid-up equity shares held on record date June 7, 2024.  

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