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Sadhana Nitrochem Limited Rights Issue (Sadhana Nitrochem Rights Issue 2024) Detail

September 20, 2024 - October 4, 2024
Sadhana Nitrochem Limited Logo

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.

Sadhana Nitrochem Rights Issue 2024 Detail

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

Sadhana Nitrochem Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 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

Company Financials

Sadhana Nitrochem Limited Financial Information (Restated Consolidated)

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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets531.89426.1386.2
Revenue194.01145.13136.88
Profit After Tax4.083.186.22
Net Worth232.29228.55164.26
Reserves and Surplus89.9786.27
Amount in ₹ Crore

Objects of the Issue:

The objects of the issue are as under:

  • Financing the acquisition of a 126-acre plot of land.
  • Issue related expenses

Sadhana Nitrochem Rights Issue 2024 Subscription Status

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 Rights Issue 2024 Documents

Sadhana Nitrochem Rights Issue 2024 Rating

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Sadhana Nitrochem Rights Issue 2024 Reviews

Company Contact Information

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/

Sadhana Nitrochem Rights Issue 2024 Registrar

  1. 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

Sadhana Nitrochem Rights Issue 2024 Lead Manager(s)

Sadhana Nitrochem Rights Issue 2024 FAQs

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 EntitlementsSeptember 18, 2024
Last Date for renunciation of Rights EntitlementsSeptember 25, 2024
Issue Opening DateSeptember 20, 2024
Issue Closing DateOctober 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:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Sadhana Nitrochem Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Sadhana Nitrochem Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Sadhana Nitrochem Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

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)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Sadhana Nitrochem Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

14 Comments

14. Bhavik Thakker   I Like It. |Report Abuse|  Link|October 6, 2024 12:04:09 PMReply
What would be the allotment ratio? If we have applied for mor eshares then eligibility, how will the same be alloted and what is the probability of getting higer shares?
13. Kumar   I Like It. |Report Abuse|  Link|October 2, 2024 12:04:10 AMReply
I have shares of sadhna Nitro but not able to participate in right issue through ICICI Bank as it is not showing in asba list. I'm trying to sell the RE shares. But it is getting rejected. Any one pls suggest
12. Prateema   I Like It. |Report Abuse|  Link|September 30, 2024 7:08:35 PMReply
Please guide as to how to apply for Rights Issue.
11. Amolak   I Like It. |Report Abuse|  Link|September 30, 2024 12:59:02 PMReply
Kindly guide how are u applying for sadhana?
10. Hariprasad   I Like It. |Report Abuse|  Link|September 30, 2024 12:15:34 PMReply
ICICI has some issue with Sadhana Nitrochem Rights issue, you can apply using a physical form in ICICI Bank Braches.
9. Surendra Prasad Dwivedi   I Like It. |Report Abuse|  Link|September 28, 2024 8:48:50 AMReply
I have shares of sadhna Nitro but not able to participate in right issue through ICICI Bank as it is not showing in asba list.
Can you please guide.
8. Krishna   I Like It. |Report Abuse|  Link|September 28, 2024 12:41:23 AMReply
As per my interaction with linkintime registrar , there was some technical challenge at Icici bank to enable rights apply for Sadhana nitro. Linintime requeated me to apply through physical copy application submission at the bank branches .
7. Hariprasad   I Like It. |Report Abuse|  Link|September 27, 2024 10:52:18 AMReply
I am an ICICI Direct customer and is unable to subscribe to the Rights issue. I have done in the past of Reliance, not sure what was the issue?
6. Mayank   I Like It. |Report Abuse|  Link|September 24, 2024 3:12:11 AMReply
Dear i m also a client of icici cant see right issue please help and guide .
Thank you
6.2. MANISH MAHAJAN   I Like It. |Report Abuse|  Link|September 25, 2024 3:21:59 PM
Same here. I am also not able to see this in netbanking portal. I have processed similar REs in the past.
6.3. Suren G   I Like It. |Report Abuse|  Link|September 26, 2024 12:06:45 AM
If it doesn't appear in ICICI bank IPO section then our only option is submit paper application physically to ICICi bank. I am not able to find the IPO page in HDFC Bank. Anyone can guide? Thanks
5. Vim   I Like It. |Report Abuse|  Link|September 24, 2024 3:02:23 PMReply
At present share price are nearly 58 why company are come with 10% prieced right issue anyone know logic behind this ❓
4. New day   I Like It. |Report Abuse|  Link|September 23, 2024 9:12:38 PMReply
Dear experts,
I am also facing the same issue. ICICI ASBA not showing this right issue.
please guide.
3. Kunal   I Like It. |Report Abuse|  Link|September 23, 2024 11:22:55 AMReply
I am not able to see right issue in ICICI demat account for apply. However, I have received right entitlement and purchased some from market too. I am clueless and checking this from last 3 days
2. kumar   I Like It. |Report Abuse|  Link|September 22, 2024 8:32:02 PMReply
I'm new to this rights issue, ever applied for this could anyone please share info on how to apply for this rights issue?
Thanks in Advance
1. Murthy   I Like It. |Report Abuse|  Link|September 15, 2024 2:22:37 PMReply
DLOO
https://www.bseindia.com/corporates/download/2727/Rights/SNCL_DLOF_Final_20240614205125.pdf

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