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Sanginita Chemicals Limited was established in 2005 and manufactures and exports cuprous chloride, copper sulphate, copper phthalo cyanine blue (CPC), and cupric chloride.
The company offers a wide range of products for the surface coatings industry, including decorative and industrial paints, protective coatings, printing inks and adhesives.
The company's products are used in the dye and pigment industry, paint industry, pharmaceutical industry, electroplating industry, metal extraction industry, printing ink, carbon paper and PVC pipe coating industry, etc. The company offers its customers customized solutions for their specific requirements.
Issue Open | May 15, 2024 - May 27, 2024 |
Security Name | Sanginita Chemicals Limited |
Issue Size (Shares) | 8,633,850 |
Issue Size (Amount) | ₹15.54 Crores |
Issue Price | ₹18 per share |
Face Value | ₹10 per share |
Listing At | NSE |
Terms of Payment | The full amount for Rights Equity Shares of Rs.18 shall be payable by the eligible shareholders at the time of making an application. |
Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Last Date to buy shares | May 6, 2024 |
Record Date | May 7, 2024 |
Credit of Rights Entitlements | |
Bid/Offer Opens On | May 15, 2024 |
Renunciation of Rights Entitlements | May 21, 2024 |
Bid/Offer Closes On | May 27, 2024 |
Deemed Date of Allotment | May 30, 2024 |
Credit Date | June 5, 2024 |
Listing Date | May 6, 2024 |
Sanginita Chemicals Limited's revenue decreased by -24.85% and profit after tax (PAT) rose by 19.57% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 79.50 | 79.20 | 70.12 |
Revenue | 149.13 | 198.44 | 165.02 |
Profit After Tax | 0.42 | 0.35 | 0.76 |
Amount in ₹ Crore |
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
Sanginita Chemicals Rights Issue 2024 got oversubscribed by 1.14 times by the end of the bidding period with total bid quantity received by NSE of 9,823,411 shares.
Sanginita Chemicals Limited
301, Shalin Complex,
B/H Megh Malhar Complex,
Sector-11, Gandhinagar - 382 011
Phone: +079-23240270
Email: sanginitachemicals@yahoo.com
Website: http://www.sanginitachemicals.co.in/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
The Sanginita Chemicals Rights Issue 2024 opens on May 15, 2024, and closes on May 27, 2024.
Sanginita Chemicals Rights Issue 2024 Schedule
Last Date for credit of Rights Entitlements | |
Last Date for renunciation of Rights Entitlements | May 21, 2024 |
Issue Opening Date | May 15, 2024 |
Issue Closing Date | May 27, 2024 |
Date of Allotment (on or about) | May 30, 2024 |
Date of Credit (on or about) | June 5, 2024 |
Date of Listing (on or about) | May 6, 2024 |
Sanginita Chemicals Rights Issue 2024 price is set at ₹18 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (May 7, 2024).
The record date for the Sanginita Chemicals Rights Issue 2024 is May 7, 2024.
The issue size of Sanginita Chemicals Rights Issue 2024 is of 8,633,850 equity shares at ₹18 per share aggregating upto ₹15.54 Crores.
The Letter of Offer for Sanginita Chemicals Rights Issue 2024 can be download here.
You can apply for Sanginita Chemicals Rights Issue 2024 in two ways:
Steps to apply for Sanginita Chemicals 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 Sanginita Chemicals Rights Issue 2024 using Registrar's website (R-WAP)
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