08-Jan-2024
2 mins read
Sharanam Infraproject and Trading Limited are soon launching a rights issue available for subscription via the BSE platform. For every 7 shares owned by shareholders on the record date, which is set for January 10, 2024, the company will issue 5 additional rights shares. Each share has a face value of Re 1.
Sharanam Infraproject And Trading Company Profile
Founded in February 1992, Sharanam Infraproject and Trading Limited specialises in the retailing and supplying construction materials. The company’s primary operations encompass real estate services, particularly focused on acquiring and selling properties, including land and buildings. It engages in various real estate-related activities, including holding, leasing, subleasing, managing, transferring, exchanging, mortgaging, and collecting property rents.
Additionally, Sharanam Infraproject and Trading Limited undertake the construction, alteration, expansion, remodelling, and demolition of buildings. The company also handles the repair, refurbishment, and maintenance of properties and associated materials.
The company actively acquires, through purchase, lease, exchange, instalment, or other means, land, showrooms, buildings, and inheritable rights to land and property to utilise or exploit them in ways beneficial to the company’s goals. This also includes leasing, purchasing, or acquiring land, plantations, rights related to land, and various forms of real estate, as well as shares or rights connected to land deemed necessary or advantageous for the company’s operations.
Financial Information of Sharanam Infraproject And Trading Ltd
Between the fiscal year ending March 31, 2022, and March 31, 2021, Sharanam Infraproject And Trading Ltd decreased revenue by 61.7%, while its profit after tax (PAT) experienced a substantial increase of 676.74%.
| Period Ended | 31-Mar-22 | 31-Mar-21 |
| Assets | 4.3 | 4.23 |
| Revenue | 0.18 | 0.46 |
| Profit After Tax | 0.02 | 0 |
| Net Worth | ||
| Reserves and Surplus | -1.29 | -1.32 |
| Total Borrowing |
Important Details of Sharanam Infraproject And Trading Ltd Rights Issue 2024
| Issue Open | Yet to be announced |
| Security Name | Sharanam Infraproject And Trading Ltd |
| Issue Size (Shares) | Yet to be announced |
| Issue Size (Amount) | Yet to be announced |
| Issue Price | Yet to be announced |
| Face Value | Re 1 per share |
| Listing At | BSE |
| Terms of Payment | Yet to be announced |
| Entitlement | 5 Rights Equity Share(s) for every 7 fully paid-up Equity Shares held on Record Date |
Tentative Timetable of Sharanam Infraproject And Trading Ltd Rights Issue 2024
| Last Date to buy shares | 9-Jan-24 |
| Record Date | 10-Jan-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 |
Purpose of the Issue
The purpose of Sharanam Infraproject And Trading Ltd Rights Issue 2024 is yet to be announced.
Lead Managers of Sharanam Infraproject And Trading Ltd Rights Issue 2024
The lead managers for Sharanam Infraproject And Trading Ltd Rights Issue 2024 are yet to be announced.
How to Apply for Sharanam Infraproject And Trading Ltd Rights Issue 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Sharanam Infraproject And Trading Ltd Rights Issue 2024 with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status of Sharanam Infraproject And Trading Ltd Rights Issue 2024
The registrar for Sharanam Infraproject And Trading Ltd Rights Issue 2024 is yet to be announced. To check your allotment status, please stay tuned with Bigul.
FAQs
- What is the Sharanam Infraproject And Trading Ltd Rights Issue 2024?
The Rights Issue 2024 of Sharanam Infraproject And Trading Ltd is an upcoming opportunity for existing shareholders to purchase additional shares. The company offers 5 rights shares for every 7 shares, each with a face value of Re 1. This issue will be available for subscription through the BSE platform.
- When is the record date for this Rights Issue?
The record date for determining the eligibility of shareholders to participate in the Rights Issue is January 10, 2024. Shareholders owning shares on this date can subscribe to the additional shares.
- What does Sharanam Infraproject and Trading Limited specialise in?
Founded in 1992, Sharanam Infraproject and Trading Limited specialise in the retail and supply of construction materials, real estate services, and various activities related to property management, including construction, renovation, and maintenance of buildings.
- What was the financial performance of Sharanam Infraproject And Trading Ltd in the last fiscal year?
For the fiscal year ending March 31, 2022, the company saw a decrease in revenue by 61.7%, but its profit after tax (PAT) increased significantly by 676.74%.
- How can I apply for the Sharanam Infraproject And Trading Ltd Rights Issue 2024?
Once the public issue opens for subscription, you can apply for the Sharanam Infraproject And Trading Ltd Rights Issue 2024 by visiting this link: https://www.bonanzaonline.com/. Ensure you hold the company’s shares by the record date to be eligible for the issue.
- How do I check the allotment status for the Rights Issue?
The registrar for the Rights Issue 2024 is yet to be announced. To check the allotment status, shareholders should stay updated with Bigul once the issue closes and the allotment begins.