Shangar Decor Rights Issue is scheduled on 8 Nov – 6 Dec 2024
Shangar Decor is engaged in the business of providing its clients with decor-related services that range from Pre-wedding events, Theme weddings, corporate events, religious events, Property decor, Lights decor, and exhibitions and Catering. The company provides the best-in-class service to clients along with the utmost quality and safety precautions.
Shangar Decor is a premier company specializing in various event decor and management services. Renowned for its creativity and attention to detail, the company has carved out a niche in the Indian event industry by offering comprehensive solutions that cater to weddings, seminars, trade shows, exhibitions, corporate events, convocations, government functions, and more. With a deep understanding of cultural nuances and a commitment to excellence, Shangar Decor transforms ordinary spaces into extraordinary experiences, leaving a lasting impression on clients and their guests.
Promoters of Shangar Decor – Mr. Samirbhai Rasiklal Shah, Ms. Parul Samir Shah, Mr. Moulin Samir Shah, and Mr. Sahil S Shah
Table of Contents
Shangar Decor Rights Issue Details
| Shangar Decor Rights Issue Date | 8 Nov – 6 Dec 2024 |
| Shangar Decor Rights Issue Price | INR 5.76 per share |
| Issue Size (in Shares) | 8,56,82,800 shares |
| Issue Size (in INR) | INR 49.35 crore |
| Issue Entitlement | 7 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Shangar Decor Rights Issue Record Date | 28 October 2024 |
| Face Value | INR 5 per share |
| Listing On | BSE |
Shangar Decor Rights Issue Calculation
| Shangar Decor Rights Issue Price | INR 5.76 per share |
| Market Price on Rights Issue Approval | INR 7.40 per share |
| Dilution Factor (X) | 8 |
| Fair Value After Dilution at Prevailing Price | INR 5.97 per share |
Shangar Decor Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 6.20 | 9.66 | 12.98 |
| Expenses | 4.96 | 8.09 | 10.54 |
| Operating Margin (%) | 20.00 | 16.25 | 18.80 |
| Net Income | 0.05 | 0.20 | 0.75 |
| ROCE (%) | 1.46 | 2.32 | 6.94 |
Shangar Decor Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Working capital requirement – INR 37.82 crore
- To meet Issue Expenses – INR 11.39 crore
- General Corporate Purpose
Shangar Decor Rights Offer Documents
- Shangar Decor Rights Issue Application Form
- Shangar Decor Draft Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Shangar Decor Rights Issue Dates
| Rights Issue Approval Date | 22 October 2024 |
| Rights Issue Record Date | 28 October 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 8 November 2024 |
| Last Date for Market Renunciation | 29 November 2024 |
| Rights Issue Closing Date | 6 December 2024 |
| Finalization of Basis of Allotment | 12 December 2024 |
| Rights Allotment Date | 12 December 2024 |
| Credit Date | 19 December 2024 |
| Listing Date | 24 December 2024 |
Shangar Decor Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit no. 9, Shiv Shakti Ind. Estt. J. R. Boricha Marg,
Lower Parel (E) Mumbai 400 011
Phone:Â +91 22 4961 4132
Email:Â [email protected]
Website:Â www.purvashare.com
Shangar Decor Issue Contact Details
SHANGAR DECOR LIMITED
4 Sharad Flats Opp-Dharnidhar Temple,
Ahmedabad-380007, Gujarat, India
Phone:Â +91 9825023622
Email: [email protected]
Website: www.shangardecor.com
Shangar Decor Rights Offer FAQs
What is the Shangar Decor Rights Issue Price?
The issue price is INR 5.76 per share.
What is the Shangar Decor Rights Issue entitlement ratio?
The eligible shareholders are offered 7 Equity Shares for every 1 Equity Shares held on the record date.
What is the Shangar Decor Rights Issue Record Date?
The Record date is 28 October 2024.
How to Apply in Shangar Decor Rights Offer?
The best way to apply in Shangar Decor 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.
