Sharat Industries Rights Issue Date, Price, Allotment, Entitlement

Sharat Industries Rights Issue

Sharat Industries Rights Issue is scheduled on 2024

Established in 1990, Sharat Industries is the oldest integrated aquaculture company in India. Initially, the company successfully cultured and processed Black Tiger shrimp before eventually producing Scampi shrimp. The company consists of four divisions: (1) Shrimp Hatchery; (2) Farm; (3) Feed Mill; and (4) Processing Plant.

  • Shrimp hatchery: The shrimp hatchery has a production capacity of over 400 million seedlings. It currently specializes in producing Vannamei seedlings and was the first in the country to introduce and adapt this species from the Pacific region.
  • Farm: The farm spans approximately 500 acres with a production capacity of over 2,000 tonnes of shrimp per year. Situated along the coast of the Bay of Bengal, SIL owns one of the largest shrimp farms in the country.
  • Feed mill: SIL produces its shrimp feed under the brand name VANNASTAR. The production unit can produce more than 20,000 tonnes. SIL is one of the largest shrimp feed producers in the state.
  • Processing plant: The processing plant was built per international standards. The plant has widely recognized accreditations such as EIA, EU, and FDA approvals. The plant has a processing capacity of more than 7,500 tonnes of frozen shrimp per year. SIL is one of the largest processors and exporters of shrimp in the country.
Sharat Industries Rights Issue Record Dates

Promoters of Sharat Industries – Mr. Prasad Reddy Sabbella, Mr. Sharat Reddy Sabbella, Mrs. Devaki Reddy Sabbella, and Mrs. Charita Reddy Sabbella

Sharat Industries Rights Issue Details

Sharat Industries Rights Issue DateComing soon
Sharat Industries Rights Issue PriceINR 31 per share
Issue Size (in Shares)1,55,43,125 shares
Issue Size (in INR)INR 48.18 crore
Issue Entitlement13 equity shares for every 20 equity shares held on record date
Terms of PaymentIssue Price of INR 31/- per Equity Share is payable as INR 7.75 on the Application and INR 23.25/- on One or more subsequent Call(s).
Sharat Industries Rights Issue Record Date12 July 2024
Face ValueINR 10 per share
Listing OnBSE

Sharat Industries Rights Issue Calculation

Sharat Industries Rights Issue PriceINR 31 per share
Market Price on Rights Issue ApprovalINR 65.38 per share
Dilution Factor (X)1.65
Fair Value After Dilution at Prevailing PriceINR 51.84 per share

Sharat Industries Financial Performance

 FY 2021FY 2022FY 2023
Operating Margin (%)5.215.876.59
Net Income2.863.466.54
ROCE (%)8.007.0011.00
Figures in INR Crores unless specified otherwise

Sharat Industries Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

  • To augment the existing and incremental working capital requirement of the company
  • – INR 38.50 crore
  • General corporate purposes

Sharat Industries Rights Offer Documents

Sharat Industries Rights Issue Dates

Rights Issue Approval Date4 July 2024
Rights Issue Record Date12 July 2024
Credit of Rights EntitlementComing soon
Rights Issue Opening DateComing soon
Last Date for Market RenunciationComing soon
Rights Issue Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

Sharat Industries Rights Offer Registrar

Subramanian Building, 1,
Club House Road, Chennai-600002
Telephone: +91 44 4002 0700
Email: [email protected]

Sharat Industries Issue Contact Details

Flat No. 4, Third Floor, Pallavi Apartments,
No. 57/11, Old No. 29/TF4, HDFC Bank Compound,
First Main Road, R.A. Puram, Chennai- 600 028
Phone: +91 86123 31727
E-mail: [email protected]

Sharat Industries Rights Offer FAQs

What is the Sharat Industries Rights Issue Price?

The issue price is INR 31 per share.

What is the Sharat Industries Rights Issue entitlement ratio?

The eligible shareholders are offered 13 Equity Shares for every 20 Equity Shares held on the record date.

What is the Sharat Industries Rights Issue Record Date?

The Record date is 12 July 2024.

How to Apply for the Sharat Industries Rights Offer?

The best way to apply for the Sharat Industries 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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