Sadhana Nitrochem Rights Issue Date, Price, Allotment, Entitlement

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Last updated on September 30, 2024

Sadhana Nitrochem Rights Issue

Sadhana Nitrochem Rights Issue is scheduled on 20 Sep – 4 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.

Sadhana Nitrochem Rights Issue Record date

Promoters of Sadhana Nitrochem –


Sadhana Nitrochem Rights Issue Details

Sadhana Nitrochem Rights Issue Date20 September – 4 October 2024
Sadhana Nitrochem Rights Issue PriceINR 6.06 per share
Issue Size (in Shares)8,23,52,818 shares
Issue Size (in INR)INR 49.95 crore
Issue Entitlement1 equity shares for every 3 equity shares held on record date
Terms of PaymentFully payable at the time of application
Sadhana Nitrochem Rights Issue Record Date13 September 2024
Face ValueINR 1 per share
Listing OnBSE, NSE

Sadhana Nitrochem Rights Issue Calculation

Sadhana Nitrochem Rights Issue PriceINR 6.06 per share
Market Price on Rights Issue ApprovalINR 72.59 per share
Dilution Factor (X)1.33
Fair Value After Dilution at Prevailing PriceINR 55.96 per share

Sadhana Nitrochem Financial Performance

 FY 2022FY 2023FY 2024
Revenue120.74145.85188.86
Expenses111.45132.90161.83
OPM (%)15.5316.7425.57
Net income5.794.597.41
ROCE (%)6.05.07.0
Figures in INR Crores unless specified otherwise

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 Dates

Rights Issue Approval Date6 September 2024
Rights Issue Record Date13 September 2024
Credit of Rights Entitlement18 September 2024
Rights Issue Opening Date20 September 2024
Last Date for Market Renunciation25 September 2024
Rights Issue Closing Date4 October 2024
Finalization of Basis of Allotment10 October 2024
Rights Allotment Date11 October 2024
Credit Date 14 October 2024
Listing Date15 October 2024

Sadhana Nitrochem Rights Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 8114949
Email: [email protected]
Website: www.linkintime.co.in


Sadhana Nitrochem Issue Contact Details

SADHANA NITRO CHEM LIMITED
Hira Bagh, First Floor Kasturba
Chawk (C.P. Tank) Mumbai- 400004
Phone: 912268663300
E-mail: [email protected]
Website: 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.

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