Suraj Industries Rights Issue Date, Price, Allotment, Entitlement

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Suraj Industries Rights Issue

Suraj Industries Rights Issue is scheduled on 22 Jul – 5 Aug 2024

Incorporated in 1992, Suraj Industries trades in edible oils such as palm oil, soybean oil, rice flakes, malt, and empty glass bottles—additionally, the company processes and bottles liquor. Currently, the company’s business operations are divided into two main areas:

  • Trading edible oils and other products, including palm oil, soybean oil, rice flakes, malt, and empty glass bottles.
  • Processing and bottling liquor, specifically Rajasthan Made Liquor (RML), for Rajasthan State Ganganagar Sugar Mills Limited (RSGSM), a Government of Rajasthan undertaking with exclusive wholesale rights for Country Liquor and RML in Rajasthan.

For FY 2022, the company generated 68% of its revenue from trading edible oils and 1.38% from trading rice flakes, malt, and empty glass bottles. The processing and bottling of liquor accounted for 30% of the annual revenue for FY 2022.

Suraj Industries

Promoters of Suraj Industries – Anuj Mundhra, Vandana Mundhra, Sunita Devi Mundhra, and Dwarka Dass Mundhra


Suraj Industries Rights Issue Details

Suraj Industries Rights Issue Date22 Jul – 5 Aug 2024
Suraj Industries Rights Issue PriceINR 65 per share
Issue Size (in Shares)29,97,375 shares
Issue Size (in INR)INR 19.48 crore
Issue Entitlement7 equity shares for every 30 equity shares held on record date
Terms of PaymentThe Issue Price of INR 65 per Rights Equity Share shall be payable in 2 equal tranches, i.e. INR 32.50 at the time of Application and balance INR 32.50 at the time of one or more subsequent call(s) as may be decided by the Board/ Rights Issue Committee of the Board from time to time
Suraj Industries Rights Issue Record Date10 July 2024
Face ValueINR 10 per share
Listing OnBSE

Suraj Industries Rights Issue Calculation

Suraj Industries Rights Issue PriceINR 65 per share
Market Price on Rights Issue ApprovalINR 70.73 per share
Dilution Factor (X)1.23
Fair Value After Dilution at Prevailing PriceINR 69.65 per share

Suraj Industries Financial Performance

 FY 2022FY 2023FY 2024
Revenue41.2667.3851.06
Expenses36.5660.0448.39
Operating Margin (%)11.5013.188.63
Net Income3.074.771.55
ROCE (%)1.7976.89
Figures in INR Crores unless specified otherwise

Suraj Industries Rights Offer Objectives

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

  • Repayment/prepayment in full or part, of certain unsecured loans availed by the company – INR 7.50 crore
  • Grant of loan to its Subsidiary, M/s. Carya Chemicals & Fertilizers Private Limited – INR 7.50 crore
  • General corporate purposes – INR 4.18 crore

Suraj Industries Rights Offer Documents


Suraj Industries Rights Issue Dates

Rights Issue Approval Date4 July 2024
Rights Issue Record Date10 July 2024
Credit of Rights EntitlementComing soon
Rights Issue Opening Date22 July 2024
Last Date for Market Renunciation30 July 2024
Rights Issue Closing Date5 August 2024
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

Suraj Industries Rights Offer Registrar

BEETAL FINANCIAL & COMPUTER SERVICES PRIVATE LIMITED
Beetal House, 3rd Floor, 99, Madangir,
Behind Local Shopping Centre, New Delhi – 110062
Telephone: +91-11-29961281/83, +91-11-26051061, +91-11-26051064
Email: [email protected]
Website: www.beetalfinancial.com


Suraj Industries Issue Contact Details

SURAJ INDUSTRIES LIMITED
F-32/3, Second Floor, Okhla Industrial Area,
Phase – II, New Delhi – 110020
Phone: +91-11-42524455
E-mail: [email protected]
Website: www.surajindustries.org


Suraj Industries Rights Offer FAQs

What is the Suraj Industries Rights Issue Price?

The issue price is INR 65 per share.

What is the Suraj Industries Rights Issue entitlement ratio?

The eligible shareholders are offered 7 Equity Shares for every 30 Equity Shares held on the record date.

What is the Suraj Industries Rights Issue Record Date?

The Record date is 10 July 2024.

How to Apply for the Suraj Industries Rights Offer?

The best way to apply for the Suraj 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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