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Incorporated ib 1973, Sadhana Nitro Chem Ltd. produces intermediate speciality chemicals. Sadhana Nitro Chem Ltd. (SNCL) is an ISO 9001:2015 company.
SNCL currently produces downstream derivatives of Nitrobenzene and other intermediates for applications in aerospace, pharmaceuticals, agriculture, optical brightening agents, plastic additives, special fibres, epoxy resin hardeners, dyes, and performance chemicals.
SNCL is a government-recognized 2-Star Golden Export House.
Issue Open | September 20, 2024 - October 4, 2024 |
Security Name | Sadhana Nitrochem Limited |
Issue Size (Shares) | 82,352,818 |
Issue Size (Amount) | ₹49.91 Crores |
Issue Price | ₹6.06 per share |
Face Value | ₹1 per share |
Listing At | BSE, NSE |
Terms of Payment | The entire amount of Rs 6.06 (including a premium of Rs 5.06) is payable at the time of application |
Entitlement | 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | September 12, 2024 |
Record Date | September 13, 2024 |
Credit of Rights Entitlements | September 18, 2024 |
Bid/Offer Opens On | September 20, 2024 |
Renunciation of Rights Entitlements | September 25, 2024 |
Bid/Offer Closes On | October 4, 2024 |
Deemed Date of Allotment | |
Credit Date | |
Listing Date |
Sadhana Nitrochem Limited's revenue increased by 34% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
Assets | 531.89 | 426.1 | 386.2 | |||||||||||||||||||||||||||
Revenue | 194.01 | 145.13 | 136.88 | |||||||||||||||||||||||||||
Profit After Tax | 4.08 | 3.18 | 6.22 | |||||||||||||||||||||||||||
Net Worth | 232.29 | 228.55 | 164.26 | |||||||||||||||||||||||||||
Reserves and Surplus | 89.97 | 86.27 | ||||||||||||||||||||||||||||
Amount in ₹ Crore |
The objects of the issue are as under:
Sadhana Nitrochem Rights Issue 2024 got oversubscribed by 1.31 times by the end of the bidding period with total bid quantity received by BSE and NSE of 107,839,327 shares.
Sadhana Nitrochem Limited
Hira Bagh, First Floor
Kasturba Chawk(C.P. Tank)
Mumbai- 400004
Phone: 912268663300
Email: sadhananitro@sncl.com
Website: https://www.sncl.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: mumbai@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Sadhana Nitrochem Rights Issue 2024 opens on September 20, 2024, and closes on October 4, 2024.
Sadhana Nitrochem Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | September 18, 2024 |
Last Date for renunciation of Rights Entitlements | September 25, 2024 |
Issue Opening Date | September 20, 2024 |
Issue Closing Date | October 4, 2024 |
Date of Allotment (on or about) | |
Date of Credit (on or about) | |
Date of Listing (on or about) |
Sadhana Nitrochem Rights Issue 2024 price is set at ₹6.06 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date (September 13, 2024).
The record date for the Sadhana Nitrochem Rights Issue 2024 is September 13, 2024.
The issue size of Sadhana Nitrochem Rights Issue 2024 is of 82,352,818 equity shares at ₹6.06 per share aggregating upto ₹49.91 Crores.
The Letter of Offer for Sadhana Nitrochem Rights Issue 2024 can be download here.
You can apply for Sadhana Nitrochem Rights Issue 2024 in two ways:
Steps to apply for Sadhana Nitrochem Rights Issue 2024 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 Sadhana Nitrochem Rights Issue 2024 using Registrar's website (R-WAP)
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