SEPC Limited's Rights Issue: Key Points for Investors

SEPC Limited came up with the rights issue. The company issued the total of 153,846,153 Equity shares with a decided issue price of Rs 13 per share, a total amounting to Rs 200 Crores. Meanwhile, the face value is reported as Rs 10 per share. Investors who currently do not hold shares of SEPC Limited have the opportunity to purchase shares until June 24, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is June 25, 2024. However, the registrar for this rights issue mentioned by the company is Cameo Corporate Private Limited. If we look at the entitlement ratio, it is reported that 6 Rights Equity Share(s) for every 55 fully paid-up Equity Shares held on Record Date.

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About SEPC Limited

Shriram EPC Limited established in 2000, is a comprehensive engineering, procurement, and construction (EPC) solutions provider offering multidisciplinary services and project management solutions. SEPC stands for "Solution Engineering Procurement Construction" and focuses on turnkey solutions in two main business areas: infrastructure, including water and wastewater utilities and road construction, and process and metallurgy, including process plants, steel mills, mine development, and power plants. The company is certified under ISO 9001-2015 QMS DAkkS, ISO 9001-2015 QMS NABCB, ISO 45001-2018 DAkkS, and ISO 14001-2015 EMS DAkkS. SEPC's core competencies include delivering world-class design and engineering solutions and securing its prominent position in both national and international markets. Well-established in sectors with high growth potential, SEPC's strong management team, with extensive experience, has been crucial in guiding the company through the EPC industry's most challenging times.

Financial Performance of SEPC Limited (Amt in Rs Crore)

As of March 31, 2024, compared to March 31, 2023, the company's assets grew by 10.37% to Rs 2,209.30 crore, revenue increased by 52.29% to Rs 607.21 crore, and profit after tax improved by 564.90%, going from a loss of Rs 4.9 crore to a profit of Rs 22.78 crore.

Important Dates for SEPC Rights Issue

Timetable of SEPC Rights Issue

Lead manager(s), Registrar of IPO & Letter of Offer

The Lead manager of the SEPC is Sumedha Fiscal Services Limited. Cameo Corporate Services Limited has been appointed as the registrar for the issue. You can check your allotment status by visiting here. While SEPC released a Letter of Offer, to read it in detailed, click here.

FAQs

1.   What are the important dates for SEPC's rights issue?

The important dates include the opening & closing dates of the rights issue is July 5, 2024, and July 19, 2024 respectively.

2.  What is the last date for buying shares?

To get eligible for the rights issue of SEPC limited, an investor can buy its shares till June 24, 2024.

3.  What is the record date for the SEPC Rights Issue?

The record date, which is the Date to determine the shareholder's eligibility for the Rights Issue is June 25, 2024. 

4.  What are SEPC Limited's recent financials?

As of March 31, 2024, compared to March 31, 2023, the company's assets grew by 10.37% to Rs 2,209.30 crore, revenue increased by 52.29% to Rs 607.21 crore, and profit after tax improved by 564.90%, going from a loss of Rs 4.9 crore to a profit of Rs 22.78 crore.

5.  How can I apply for the SEPC Limited Rights Issue?

You can apply for SEPC Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility), you can check your allotment status by visiting the registrar’s website.

6.  How can I check the allotment status of the SEPC Issue?

Whereas Cameo Corporate Services Limited has been appointed as the registrar for the issue, you can check your allotment status by visiting here.

7.  From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

8.  Where will the SEPC Rights Issue be listed?

The Rights Issue will be listed on the NSE and BSE.

9.  What is the entitlement ratio for the SEPC Limited Rights Issue?

The entitlement ratio is set at 6 Rights Equity Shares for every 55 fully paid-up equity shares held on the record date.

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