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Incorporated in 1970, Davangere Sugar Company Limited engages in the business of manufacturing sugar. The company is located in Kukkuwada, Davangere District of Karnataka State. Davangere Sugar Company also manufactures sugar-based products.
The company's sugar plant has a capacity of 5,000 TCD right now. In the year 2012, the sugar plant's capacity increased from 3500 TCD to 5000 TCD. The company has three facilities for storage of sugar with a capacity to store 1,00,000 QTLs to 1,50,000 QTLs.
| Issue Open | June 16, 2022 - July 15, 2022 |
| Security Name | Davangere Sugar Company Limited |
| Issue Size (Shares) | 38,400,000 |
| Issue Size (Amount) | ₹48.00 Crores |
| Issue Price | ₹12.5 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of the Issue Price of Rs 12.50 per Rights Equity Share shall be payable at the time of Application. |
| Entitlement | 69 Rights Equity Shares for every 100 fully paid-up Equity Shares held on the Record Date |
| Record Date | May 27, 2022 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | June 16, 2022 |
| Renunciation of Rights Entitlements | June 27, 2022 |
| Bid/Offer Closes On | July 15, 2022 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
| Particulars | For the year/period ended (Rs in Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||||
| Total Assets | 4,387.72 | 4,539.62 | |||
| Total Revenue | 1,478.11 | 2,030.62 | |||
| Profit After Tax | 24.99 | 20.69 | |||
The objects of the Issue are:
1. Part repayment or prepayment of unsecured loans availed by our Company from Ganesh Shivashankarappa Shamanur, one of the Promoters of the Company.
2. General Corporate Purposes.
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Davangere Sugar Company Limited
No. 19, Shivashankar Plaza,
3rd floor, Richmond Circle,
Lalbagh Road, Bengaluru - 560 027, Karnataka
Phone: +91 80 2227 2183
Email: davangeresugars@gmail.com
Website: https://www.davangeresugar.com/
Integrated Registry Management Services Private Limited
Phone: 044 - 28140801 to 28140803
Email: irg@integratedindia.in
Website: https://www.integratedregistry.in/registrarstosta.aspx?od=1
The Davangere Sugar Rights Issue 2022 opens on June 16, 2022, and closes on July 15, 2022.
Davangere Sugar Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | June 27, 2022 |
| Issue Opening Date | June 16, 2022 |
| Issue Closing Date | July 15, 2022 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
Davangere Sugar Rights Issue 2022 price is set at ₹12.5 per share per equity share.
The eligible shareholders are being offered 69 Rights Equity Shares for every 100 fully paid-up Equity Shares held on the Record Date (May 27, 2022).
The record date for the Davangere Sugar Rights Issue 2022 is May 27, 2022.
The issue size of Davangere Sugar Rights Issue 2022 is of 38,400,000 equity shares at ₹12.5 per share aggregating upto ₹48.00 Crores.
The Letter of Offer for Davangere Sugar Rights Issue 2022 can be download here.
You can apply for Davangere Sugar Rights Issue 2022 in two ways:
Steps to apply for Davangere Sugar Rights Issue 2022 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Davangere Sugar Rights Issue 2022 using Registrar's website (R-WAP)
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