Shrydus Industries Limited Rights Issue: All You Need To Know

• Shrydus Industries Rights Issue bid opens on August 5, 2024.
• The Rights Issue size is Rs 36.02 crore.
• The upcoming issue’s price is set at Rs 18 per share.
• The bid offer closes on August 19, 2024.

Shrydus Industries Limited Rights Issue: Synopsis

Shrydus Industries Limited is coming up with its rights issue. The bid opens on August  5, 2024 and closes on August 9, 2024. The last Date to buy shares is Thursday, July 18, 2024. The record date of this new issue is Friday, July 19, 2024. 

The issue size is 20,008,810 equity shares amounting to Rs 48.93 crores. The issue price is Rs 18 per share, and the face value is Rs 10 per share. This issue will allow existing shareholders to buy Shrydus Industries equity shares at a discounted price. 

Shrydus Industries' share price is Rs 24.96 per share. The eligible holders are being offered 5 Rights Equity shares for every three (3) fully paid-up equity shares held on a July 19, 2024, record date. Through this rights issue, the company plans to raise Rs 36.02 crores. Skyline Financial Services Private Limited is the registrar for the upcoming rights issue. The lead managers for this issue are yet to be announced. 

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About Shrydus Industries Limited 

Shrydus Industries Limited was incorporated in 1983, and is into the healthcare and pharma sector. The company currently manufactures adult diapers, baby diapers, and sanitary napkins.

Shrydus Industries operates a pharmaceutical manufacturing plant in Gujarat, India. The plant produces tablets and capsules for export and has over 468 registered products. Also, it is equipped to manufacture various types of medications. The plant holds approvals from the National Drug Authorities of several East African countries.

Shrydus has exclusive distributors in Southeast Asian, Latin, and Central American countries. The plant has the capacity to produce approx 20 million tablets and 4 million capsules daily, including various pharmaceutical products.

Shrydus Industries Limited Rights Issue: Objectives

The funds received from this issue will be used to acquire Astra Lifecare India Private Limited, meet the company's day-to-day capital requirements, pay issue expenses, and for general corporate purposes.

Important Details for Shrydus Industries Limited Rights Issue

Timetable of Shrydus Industries Limited Rights Issue

Shrydus Industries Limited: Financial Metrics (Amt in Rs Crores)

Shrydus Industries Limited posted a revenue of Rs 9.45 crore and net profit of Rs 0.52 crore for the period ending on March 31 2024. The revenue figures increased by 1.52% and net profit increased by 75.33% between the FY ending on 31 Mar 2024 and 31 Mar 2023. 

Lead managers, Registrar of Rights Issue 

Skyline Financial Services Private Limited is the registrar for the Shrydus Industries rights issue. However, the book-running lead managers details are not yet available. You can check your allotment status by clicking here. 

FAQs

1. What are the details of the Shrydus Industries Limited Rights Issue?

The issue size is 20,008,810 equity shares amounting to Rs 48.93 crores. The issue price is Rs 18 per share, and the face value is Rs 10 per share. This issue will allow existing shareholders to buy Shrydus Industries equity shares at a discounted price. 

2. When does the Rights Issue open and close?

The bid opens on August  5, 2024 and closes on August 9, 2024. The last Date to buy shares is Thursday, July 18, 2024. The record date of this new issue is Friday, July 19, 2024. 

3. How can I apply for the Shrydus Industries 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 Shrydus Industries Limited Issue?

Skyline Financial Services Private Limited is the registrar for this upcoming rights issue. Investors can check out the allotment by visiting the registrar's website. 

5. What is the objective of the Shrydus Industries Limited Rights Issue?

The funds received from this issue will be used for the acquisition of Astra Lifecare India Private Limited, to meet the day-to-day capital requirements of the company, to meet issue expenses and general corporate purposes. 

6. What is the record date for the Shrydus Industries Limited Rights Issue?

The record date determining the shareholders eligible for the Rights Issue, is set for July 19, 2024.

7. Where will the Shrydus Industries Limited Right Issue be listed?

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

8. What is the entitlement ratio for the Shrydus Industries Limited Right Issue? 

The entitlement ratio is set at 5 Rights equity Shares for every 3 fully paid up equity shares held on record date July 19, 2024. 

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