Srivari Spices And Foods Rights Issue: Important Details to Check

1. Srivari Spices And Foods Rights Issue Bid/offer opens from September 24, 2024 till October 03, 2024.
2. The company issued a total of 14.28 lakh Equity shares amounting to Rs 25 crore.
3. The company set the rights issue price at Rs 175 per share.

Srivari Spices And Foods Limited came up with the rights issue. The company issued a total of 1,428,400 Equity shares with a decided issue price of Rs 175 per share, a total amounting to Rs 25 Crores. Meanwhile, the face value is reported as Rs 10 per share. Investors who currently do not hold shares of Srivari Spices And Foods Limited have the opportunity to purchase shares until September 03, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is September 04, 2024. However, Bigshare Services 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 5 fully paid-up Equity Shares held on Record Date.

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About Srivari Spices And Foods Limited

Srivari Spices and Foods Limited, incorporated in January 2019, is engaged in the manufacturing of spices and chakki atta, primarily serving the Telangana and Andhra Pradesh regions. The company operates under two business models: direct-to-consumer (D2C) through a network of approximately 15,000 retail stores, and business-to-business (B2B), providing products to other companies.

With two production facilities located in the Ranga Reddy District of Telangana, Srivari Spices and Foods has built a solid presence in its market. As of March 31, 2024, the company employed a total of 67 individuals across its various departments.

Srivari Spices And Foods Limited: Objectives

The company plans to utilize the Net Proceeds for the following purposes: funding capital expenditure for the construction of a new plant for manufacturing and storage of edible oil, repaying unsecured loans, augmenting existing and incremental working capital requirements, and addressing general corporate purposes.

Financial Performance of Srivari Spices And Foods Limited (Amt in Rs Crore)

Important Dates for Srivari Spices And Foods Rights Issue

Timetable of Srivari Spices And Foods Rights Issue

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

The firm has not yet disclosed their lead manager for the rights issue. However, Bigshare Services 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 Srivari Spices And Foods's rights issue?

The important dates include the opening & closing dates of the rights issue September 24, 2024, and October 03, 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 Srivari Spices And Foods Limited, an investor can buy its shares till September 03, 2024.

3. What is the record date for the Srivari Spices And Foods Rights Issue?

The record date, which is the date to determine the shareholder's eligibility for the Rights Issue is September 04, 2024.

4. How can I apply for the Srivari Spices And Foods Limited Rights Issue?

You can apply for Srivari Spices And Foods 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 Srivari Spices And Foods Issue?

The registrar for this rights issue is Bigshare Services 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 Srivari Spices And Foods Rights Issue be listed?

The Rights Issue will be listed on the NSE.

8. What is the entitlement ratio for the Srivari Spices And Foods Limited Rights Issue?

The entitlement ratio is set at 1 Rights Equity Share (s) for every 5 fully paid-up equity share (s) held on the record date.

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