Magnus Steel Rights Issue dates 23 October – 21 November 2025.
Magnus Steel and Infra, previously known as Savant Infocomm, is engaged in steel trading, infrastructure development, and engineering-related businesses, supporting India’s industrial and construction sectors with quality iron and steel products. Its strategic focus includes expanding business in the construction and capital goods industries.
The company specializes in providing high-quality iron and steel products to support industrial growth and infrastructure development. With a focus on strengthening its foothold in the expanding construction and capital goods sectors, Magnus Steel and Infra aims to play a pivotal role in India’s economic progress.
The company continues to expand its operations, driven by a vision of achieving sustainable growth through innovation, operational efficiency, and a customer-centric approach.
Promoters of Magnus Steel and Steel – Girish Kamalkishor Sarda, Laxman Ashok Savalkar, Aditya Naresh Bajaj, and Karronn Naresh Bajaj
Table of Contents
Magnus Steel Rights Issue Details
| Magnus Steel Rights Issue Date | 23 October – 21 November 2025 |
| Magnus Steel Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 4,90,14,350 shares |
| Issue Size (in INR) | INR 49.01 crore |
| Issue Entitlement | 2 equity shares for every 29 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Magnus Steel Rights Issue Record Date | 10 October 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Magnus Steel Rights Issue Calculation
| Magnus Steel Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 17.06 per share |
| Dilution Factor (X) | 1.07 |
| Fair Value After Dilution at Prevailing Price | INR 16.60 per share |
Magnus Steel Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 0.00 | 0.67 | 3.19 |
| Expenses | 0.13 | 0.83 | 3.00 |
| OPM (%) | – | (23.88) | 5.96 |
| Net Income | (0.29) | (0.38) | 0.06 |
| ROCE (%) | (1,300) | (457.14) | 105.56 |
Magnus Steel Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet working capital requirements
- General corporate purposes
Magnus Steel Rights Offer Documents
- Magnus Steel Rights Issue Application Form
- Magnus Steel Letter of Offer
- Board Meeting Outcome
- Magnus Steel Draft Letter of Offer
- Rights Issue in 2024
Magnus Steel Rights Issue Dates
| Rights Issue Approval Date | 6 October 2025 |
| Rights Issue Record Date | 10 October 2025 |
| Credit of Rights Entitlement | 14 October 2025 |
| Rights Issue Opening Date | 23 October 2025 |
| Last Date for Market Renunciation | 10 November 2025 |
| Rights Issue Closing Date | 21 November 2025 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Magnus Steel Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East), Mumbai- 400093
Tel: 91 22-62638200
E-mail: [email protected]
Website: www.bigshareonline.com
Magnus Steel Contact Details
MAGNUS STEEL AND INFRA LIMITED
F L No 101 Bl E La Vida Loca, Sno 66/23, Pimple
Saudagar Kalewadi, Sangavi, Pune, Pune City, 411027
Phone: +91 91122 71471
Email: [email protected]
Website: www.magnusretail.in
Magnus Steel Rights Offer FAQs
What is the Magnus Steel Rights Issue Price?
The issue price is INR 10 per share.
What is the Magnus Steel Rights Issue entitlement ratio?
The eligible shareholders are offered 2 equity shares for every 29 equity shares held on the record date.
What is the Magnus Steel Rights Issue Record Date?
The Record date is 10 October 2025.
How to Apply in Magnus Steel Rights Offer?
The best way to apply in Magnus Steel Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.