05-Mar-2024
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Sawaca Business Machines Limited is coming up with the latest rights issue. The issue is amounting to Rs 45.76 crores and issue price is set at Rs 1 per share. The face value is also set at Rs 1 per share. The opening dates and closing dates of this upcoming Rights issue are yet to be announced. The last date to buy shares is March 6, 2024 and the record date is decided at Rs March 7, 2024. The issue size is 457,639,600 equity shares. On March 5, 2024, the Company’s share price closed at Rs 1.38 per share. The terms of payment is that the full amount of the rights issue is payable to the shareholders at the time of making an application. The entitlement ratio is 4 Rights equity shares for every one fully paid up shares held on the record date. The lead managers for this issue are not yet announced, and the registrar is Bigshare Services Private Limited.
About Sawaca Business Machines Limited
Sawaca Business Machines Limited was established in 1994, is an Ahmedabad based company engaged in the business of trading and export of machinery. It also engaged in local trading of metal craps and cotton bales. Company buys and sells various metals, including iron, steel, aluminum, copper and other base metals. Company trades in perfumery chemicals, metals scraps and cotton bales. They offer aromatic chemicals such as D lemonene, geraniol, arsinon, musk 101 and essential oils including orange oils, patcholi oil, and various industrial perfumery compounds. Sawaca Business Machines also provides technical support, software development and resource deployment for projects. The company’s IT services segment offers technology solutions to its clients from various industries. Sawaca Business Machines has been in IT consulting and support for many years. Recently, the team launched a matrimonial website named nextgenshaadi dot com. As per record, presently the company has a total 7 employees in various departments.
Objectives of Sawaca Business Machines Rights Issue
The funds received from the rights issue will be used to meet the incremental working capital requirements. Other than this, the general corporate purposes will also be met. The existing shareholders will be given priority, it shows the commitment toward its shareholders.
Financials Details of Sawaca Business Machines (Amt in Rs Crores)
Company reported a revenue of Rs 3.65 crores and profit after tax of Rs 0.55 crores for the period ending on 31st March, 2023. The revenue decreased by -4.53% but profit after tax increased by 34.34% between the FY ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 14.38 | 15.87 | 13.15 |
| Revenue | 3.65 | 3.82 | 3.67 |
| Profit After Tax | 0.55 | 0.41 | 0.22 |
| Net Worth | 12.91 | 12.77 | 12.37 |
| Reserves and Surplus | 0.93 | 1.97 | 1.75 |
Important Dates for Sawaca Business Machines Limited Rights Issue
| Issue Open | Yet to be announced |
| Security Name | Sawaca Business Machines Ltd. |
| Issue Size (Shares) | 457,639,600 |
| Issue Size (Amount) | Rs 45.76 Crores |
| Issue Price | Rs 1 per share |
| Face Value | Rs 1 per share |
| Listing At | BSE |
| Terms of Payment | Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application. |
| Entitlement | 4 Rights Equity Share(s) for every one fully paid-up Equity Shares held on Record Date |
Timetable of Sawaca Business Machines Limited Rights Issue
| Last Date to buy shares | 6-Mar-24 |
| Record Date | 7-Mar-24 |
| Credit of Rights Entitlements | Yet to be announced |
| Bid/Offer Opens On | Yet to be announced |
| Renunciation of Rights Entitlements | Yet to be announced |
| Bid/Offer Closes On | Yet to be announced |
| Deemed Date of Allotment | Yet to be announced |
| Credit Date | Yet to be announced |
| Listing Date | Yet to be announced |
How to Apply for Sawaca Business Machines Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Sawaca Business Machines Limited Rights Issue with Bigul.
How to Check Allotment Status of Sawaca Business Machines Rights Issue?
The registrar for Sawaca Business Machines Limited Rights Issue is Bigshare Services Private Limited. To check the allotment status, click here.
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FAQs
- What is the Sawaca Business Machines Limited Rights Issue?
Sawaca Business Machines Limited is coming up with the latest rights issue. The issue is amounting to Rs 45.76 crores and issue price is set at Rs 1 per share. The face value is also set at Rs 1 per share. The opening dates and closing dates of this upcoming Rights issue are yet to be announced. The last date to buy shares is March 6, 2024 and the record date is decided at Rs March 7, 2024.
- When does the Rights Issue open and close?
The Rights Issue opening and closing dates are not yet declared.
- How can I apply for the Sawaca Business Machines Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
- How can I check the allotment status of the Sawaca Business Machines Issue?
The registrar for this right issue is Bigshare Services Private Limited. Investors can check the allotment status by clicking here.
- What is the objective of Sawaca Business Machines Rights Issue?
The funds received from the rights issue will be used to meet the incremental working capital requirements. Other than this, the general corporate purposes will also be met. The existing shareholders will be given priority, it shows the commitment toward its shareholders.
- What is the record date for the Sawaca Business Machines Rights Issue?
The record date, is the date to determine the shareholders eligible for the Rights Issue, is set for March 7, 2024.
- Where will the Sawaca Business Machines Right Issue be listed?
The Rights Issue will be listed on the BSE.
- What is the entitlement ratio for the Sawaca Business Machines Right Issue?
The entitlement ratio is set at four Rights Equity Shares for every one fully paid-up Equity Shares held on record date March 7, 2024.
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