Shrydus Industries Rights Issue Date, Price, Allotment, Entitlement

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Shrydus Industries Rights Issue

Shrydus Industries Rights Issue is scheduled on 5 – 19 Aug 2024

Incorporated in 1983, Shrydus Industries operates in the healthcare, real estate, and pharmaceutical sectors. The company now operates a pharmaceutical manufacturing plant in Gujarat, India. This plant produces tablets and capsules for export and has over 468 registered products. Despite the challenges posed by the global pandemic, the plant has demonstrated resilience and remains committed to delivering high-quality products. It is also equipped to manufacture various types of medications. The plant holds approvals from the National Drug Authorities of several East African countries and serves Uganda, Tanzania, Kenya, Ethiopia, Congo, and Malawi.

The plant can produce approximately 20 million tablets and 4 million capsules daily, including various pharmaceutical products. It is strategically located near major pharmaceutical players like Zydus, Cadilla, and Intas, leveraging its position in the pharmaceutical hub. As of March 2024, the company has 18 full-time employees.

    Shrydus Industries Record Date

    Promoters of Shrydus Industries – Mr. Shrey Premal Parekh, and Mr. Vijay Thakordas Champaneri


    Shrydus Industries Rights Issue Details

    Shrydus Industries Rights Issue Date5 – 19 Aug 2024
    Shrydus Industries Rights Issue PriceINR 18 per share
    Issue Size (in Shares)2,00,08,810 shares
    Issue Size (in INR)INR 36.02 crore
    Issue Entitlement5 equity shares for every 3 equity shares held on record date
    Terms of PaymentFully payable at the time of application
    Shrydus Industries Rights Issue Record Date19 July 2024
    Face ValueINR 10 per share
    Listing OnBSE

    Shrydus Industries Rights Issue Calculation

    Shrydus Industries Rights Issue PriceINR 18 per share
    Market Price on Rights Issue ApprovalINR 19.29 per share
    Dilution Factor (X)2.67
    Fair Value After Dilution at Prevailing PriceINR 18.48 per share

    Shrydus Industries Financial Performance

     FY 2022FY 2023FY 2024
    Revenue9.009.299.45
    Expenses8.949.028.93
    Operating Margin (%)0.672.915.50
    Net Income0.050.300.52
    ROCE (%)3.599.35
    Figures in INR Crores unless specified otherwise

    Shrydus Industries Rights Offer Objectives

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

    • Acquisition of Astra Lifecare (India) Private Limited – INR 15.68 crore
    • Repayment of Loan availed from the related party through conversion outstanding Loan to Equity – INR 9.32 crore
    • To Meet the working capital of the company – INR 8 crore
    • Issue-related expenses – INR 0.60 crore
    • General corporate purposes – INR 2.42 crore

    Shrydus Industries Rights Offer Documents


    Shrydus Industries Rights Issue Dates

    Rights Issue Approval Date8 July 2024
    Rights Issue Record Date19 July 2024
    Credit of Rights EntitlementComing soon
    Rights Issue Opening Date5 August 2024
    Last Date for Market Renunciation14 August 2024
    Rights Issue Closing Date19 August 2024
    Finalization of Basis of AllotmentComing soon
    Rights Allotment DateComing soon
    Credit Date Coming soon
    Listing DateComing soon

    Shrydus Industries Rights Offer Registrar

    SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
    D-153 A, 1st Floor, Okhla Industrial Area,
    Phase – I, New Delhi-110020
    Telephone: +011-40450193-197
    Email: [email protected]
    Website: www.skylinerta.com


    Shrydus Industries Issue Contact Details

    SHRYDUS INDUSTRIES LIMITED
    107 Sagar Avenue Above Bata,
    SV Road Andheri West, Andheri Railway Station,
    Mumbai, Maharashtra, India, 400058
    Phone: +91 9892710929
    E-mail: [email protected]
    Website: www.shrydus.com


    Shrydus Industries Rights Offer FAQs

    What is the Shrydus Industries Rights Issue Price?

    The issue price is INR 18 per share.

    What is the Shrydus Industries Rights Issue entitlement ratio?

    The eligible shareholders are offered 5 Equity Shares for every 3 Equity Shares held on the record date.

    What is the Shrydus Industries Rights Issue Record Date?

    The Record date is 19 July 2024.

    How to Apply for the Shrydus Industries Rights Offer?

    The best way to apply for the Shrydus 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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