Last updated on September 17, 2024
Sadhana Nitrochem Rights Issue is scheduled on 20 Sep – 1 Oct 2024
Sadhana Nitro Chem specializes in manufacturing chemical intermediates, heavy organic chemicals, performance chemicals, and wireless network equipment and services. The company’s product range includes 12 chemical intermediates such as Nitrobenzene, Meta Amino Phenol, Metanilic Acid, Aniline Oil, Ortho Aminophenol, Para Amino Phenol, Ammonium Sulfate, Diethyl Keto Acid, Aniline 2,5 Disulphonic Acid, and ODB2. These chemicals are widely used in industries like agrochemicals, aramid fibers, pharmaceuticals, developers, hair colors, dyes, specialized resins, and performance chemicals.
The company plans to increase its PAP plant capacity from the current 3,000 TPA to 36,000 TPA. Additionally, the capacity of its ODB2 plant has been expanded from 550 TPA in FY 2021 to 2,400 TPA in FY 2023. The company plans to establish a green hydrogen facility powered by a solar plant and wind farm with a capacity of 15 MW to 20 MW for its own use. Any surplus green hydrogen produced will be made available for sale to external customers.
Promoters of Sadhana Nitrochem –
Table of Contents
Sadhana Nitrochem Rights Issue Details
| Sadhana Nitrochem Rights Issue Date | 20 September – 1 October 2024 |
| Sadhana Nitrochem Rights Issue Price | INR 6.06 per share |
| Issue Size (in Shares) | 8,23,52,818 shares |
| Issue Size (in INR) | INR 49.95 crore |
| Issue Entitlement | 1 equity shares for every 3 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Sadhana Nitrochem Rights Issue Record Date | 13 September 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE, NSE |
Sadhana Nitrochem Rights Issue Calculation
| Sadhana Nitrochem Rights Issue Price | INR 6.06 per share |
| Market Price on Rights Issue Approval | INR 72.59 per share |
| Dilution Factor (X) | 1.33 |
| Fair Value After Dilution at Prevailing Price | INR 55.96 per share |
Sadhana Nitrochem Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 120.74 | 145.85 | 188.86 |
| Expenses | 111.45 | 132.90 | 161.83 |
| OPM (%) | 15.53 | 16.74 | 25.57 |
| Net income | 5.79 | 4.59 | 7.41 |
| ROCE (%) | 6.0 | 5.0 | 7.0 |
Sadhana Nitrochem Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- General Corporate Purposes
Sadhana Nitrochem Rights Offer Documents
- Sadhana Nitrochem Rights Issue Application Form
- Sadhana Nitrochem Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Sadhana Nitrochem Rights Issue Dates
| Rights Issue Approval Date | 6 September 2024 |
| Rights Issue Record Date | 13 September 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 20 September 2024 |
| Last Date for Market Renunciation | 25 September 2024 |
| Rights Issue Closing Date | 1 October 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Sadhana Nitrochem Rights Offer Registrar
Coming soon
Sadhana Nitrochem Issue Contact Details
SADHANA NITRO CHEM LIMITED
Hira Bagh, First Floor Kasturba
Chawk (C.P. Tank) Mumbai- 400004
Phone:Â 912268663300
E-mail: [email protected]
Website:Â www.sncl.com
Sadhana Nitrochem Rights Offer FAQs
What is the Sadhana Nitrochem Rights Issue Price?
The issue price is INR 6.06 per share.
What is the Sadhana Nitrochem Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 3 Equity Shares held on the record date.
What is the Sadhana Nitrochem Rights Issue Record Date?
The Record date is 13 September 2024.
How to Apply in Sadhana Nitrochem Rights Offer?
The best way to apply in the Sadhana Nitrochem 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.
