10-Jan-2024
2 mins read
On Monday, Skipper Ltd announced that its board has given the green light for a Right Issue to raise approximately Rs 199 crore, issuing equity shares on a partly-paid basis.
According to a statement released to the regulators, Skipper Ltd will offer 1,02,67,021 equity shares, each with a nominal value of Rs 1, to its eligible shareholders. The total sum aimed to be raised through this initiative amounts to Rs 199.18 crore.
Each share in this Right Issue is priced at Rs 194, which includes a premium of Rs 193 per share. The company has identified January 12 as the key date for determining the eligibility of shareholders for the Right Issue.
Based in Kolkata, Skipper is recognised as a prominent player in the segments of power transmission, distribution, and polymers.
Skipper Ltd: Company Profile
Founded in 1981, Skipper Ltd. specialises in producing Transmission and Distribution Structures like Towers and Poles through its Engineering Products division. Renowned for its expertise in undertaking vital Infrastructure EPC (Engineering, Procurement, and Construction) projects, Skipper boasts a global presence in over 40 countries. These include regions such as South America, Europe, Africa, the Middle East, and parts of Asia and Australia. Domestically, the company is a preferred supplier from Jammu & Kashmir to Tamil Nadu and from the North East to Gujarat in India. Additionally, Skipper Limited is known for its production of transmission towers and related components, alongside its construction services, with numerous operations facilitated by a variety of ERP (Enterprise Resource Planning) platforms.
Skipper Ltd Financial Information
For the fiscal year ending March 31, 2023, Skipper Ltd reported a revenue growth of 16.04% and a surge of 41.43% in its profit after tax (PAT) compared to the previous fiscal year ending March 31, 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 2,222.64 | 2,083.95 | 1,919.27 |
| Revenue | 1,985.62 | 1,711.09 | 1,585.53 |
| Profit After Tax | 35.57 | 25.15 | 21.43 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing |
Important Details of Skipper Ltd Right Issue 2024
| Issue Open | January 30, 2024 – February 8, 2024 |
| Security Name | Skipper Ltd |
| Issue Size (Shares) | 10,267,021 |
| Issue Size (Amount) | Rs 199.18 Crores |
| Issue Price | Rs 194 per share |
| Face Value | Re 1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | The amount of Rs 48.50 per Rights Equity Share is to be paid on the Application. The balance of Rs 145.50 will be paid on up to three subsequent calls as determined by the Board. |
| Entitlement | 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date |
Timetable of Skipper Ltd Right Issue 2024
| Last Date to buy shares | 11-Jan-24 |
| Record Date | 12-Jan-24 |
| Credit of Rights Entitlements | Yet to be announced |
| Bid/Offer Opens On | 30-Jan-24 |
| Renunciation of Rights Entitlements | 5-Feb-24 |
| Bid/Offer Closes On | 8-Feb-24 |
| 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 Skipper Ltd Right Issue 2024 is yet to be announced.
Lead Managers of Skipper Ltd Right Issue 2024
The lead managers for Skipper Ltd Right Issue 2024 are yet to be announced.
How to Apply for Skipper Ltd Right Issue 2024
Wait for the public issue to open for subscription, then click on this link to apply for the Skipper Ltd Right Issue 2024 with Bigul https://www.bonanzaonline.com/.
How to Check Allotment Status of Skipper Ltd Right Issue 2024
The registrar for Skipper Ltd Right Issue 2024 is yet to be announced. To check your allotment status, please stay tuned with Bigul.
FAQs
- What is Skipper Ltd’s Right Issue 2024?
The Skipper Ltd Right Issue 2024 is an initiative by Skipper Ltd to raise approximately Rs 199 crore by issuing 10,267,021 equity shares on a partly-paid basis to its eligible shareholders.
- When is the Skipper Ltd Right Issue 2024 scheduled?
The issue is set to open on January 30, 2024, and will close on February 8, 2024. The record date to determine eligibility for the Right Issue is January 12, 2024.
- What is the issue price for the Skipper Ltd Right Issue 2024?
Each equity share in this Right Issue is priced at Rs 194, which includes a face value of Re 1 per share and a premium of Rs 193 per share.
- How can I apply for the Skipper Ltd Right Issue 2024?
To apply, you can wait for the public issue to open for subscription and then visit Bigul’s website to apply for the Right Issue.
- How is the payment for the Skipper Ltd Right Issue 2024 structured?
An amount of Rs 48.50 per right equity share must be paid upon application, with the remaining Rs 145.50 payable in up to three subsequent calls as determined by the Board.
- How can I check the allotment status of the Skipper Ltd Right Issue 2024?
The registrar for the Right Issue is yet to be announced. Once it is, you can check your allotment status through the registrar’s website or stay updated via Bigul.