Sikko Industries Rights Issue dates are 23 Dec 2024 – 7 Jan 2025.
Established in 2000, Sikko Industries is involved in the manufacturing and supply of a wide range of agrochemicals, pesticides, biopesticides, and organic pesticides. The company aims to expand its operations by establishing manufacturing and trading activities for agricultural sprayers, spare parts, pesticides, fertilizers, seeds, pharmaceuticals, and agro commodities. Additionally, it plans to engage in the import, export, and trade of related products and services.
The company is situated on the outskirts of Ahmedabad city, along the Sanand Highway, offering excellent connectivity to various parts of the state. The company sells its products directly to farmers, who are the end users.
Promoters of Sikko Industries – Mr. Ghanshyambhai Kumbhani And Mr. Jayantibhai Kumbhani
Table of Contents
Sikko Industries Rights Issue Details
| Sikko Industries Rights Issue Date | 23 Dec 2024 – 7 Jan 2025 |
| Sikko Industries Rights Issue Price | INR 98 per share |
| Issue Size (in Shares) | 5,04,000 Share |
| Issue Size (in INR) | INR 4.94 crore |
| Issue Entitlement | 3 equity shares for every 10 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Sikko Industries Rights Issue Record Date | 6 December 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE |
Sikko Industries Rights Issue Calculation
| Sikko Industries Rights Issue Price | INR 98 per share |
| Market Price on Rights Issue Approval | INR 96.28 per share |
| Dilution Factor (X) | 1.3 |
| Fair Value After Dilution at Prevailing Price | INR 96.68 per share |
Sikko Industries Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 50.51 | 49.00 | 60.24 |
| Expenses | 46.95 | 44.38 | 56.10 |
| Operating Margin (%) | 7.05 | 9.43 | 6.87 |
| Net Income | 1.88 | 2.89 | 4.06 |
| ROCE (%) | 12.89 | 16.26 | 20.67 |
Sikko Industries Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Capital expenditure for the purchase of land, building construction and fabrication, and plant & types of machinery
- General corporate purposes
- Offer Related ExpensesÂ
Sikko Industries Rights Offer Documents
- Sikko Industries Rights Issue Application Form
- Sikko Industries Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Sikko Industries Rights Issue Dates
| Rights Issue Approval Date | 30 November 2024 |
| Rights Issue Record Date | 6 December 2024 |
| Credit of Rights Entitlement | 12 December 2024 |
| Rights Issue Opening Date | 23 December 2024 |
| Last Date for Market Renunciation | 2 January 2025 |
| Rights Issue Closing Date | 7 January 2025 |
| Finalization of Basis of Allotment | 16 January 2025 |
| Rights Allotment Date | 17 January 2025 |
| Credit Date | 21 January 2025 |
| Listing Date | 22 January 2025 |
Sikko Industries 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 / 4970 0138
Email:Â [email protected]
Website:Â www.purvashare.com
Sikko Industries Contact Details
SIKKO INDUSTRIES LIMITED
508, Iscon Eligance, Nr. Jain Temple Nr. Prahladnagar
Pick up Stand, Vejalpur, Ahmedabad, Gujarat, 380051
Phone:Â +91 79 6616 8950 / 51
Email:Â [email protected]
Website:Â www.sikkoindia.com
Sikko Industries Rights Offer FAQs
What is the Sikko Industries Rights Issue Price?
The issue price is INR 98 per share.
What is the Sikko Industries Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 10 Equity Shares held on the record date.
What is the Sikko Industries Rights Issue Record Date?
The Record date is 6 December 2024.
How to Apply in Sikko Industries Rights Offer?
The best way to apply in Sikko 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.
