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Shangar Decor Ltd Rights Issue (Shangar Decor Rights Issue 2024) Detail

November 8, 2024 - December 6, 2024
Shangar Decor Ltd Logo

Incorporated on November 16, 1995. Shangar Decor Limited excels in providing a wide range of decor services.

The company specializes in pre-wedding events, weddings, corporate functions, and exhibitions. Renowned for its creativity and meticulous attention to detail, Shangar Decor has established a strong presence in the Indian event industry. It offers tailored solutions that transform ordinary spaces into unforgettable experiences.

They offer various products like wedding decor, corporate events, government functions, thematic decor and infrastructure projects. The company has 8 full-time employees.

Shangar Decor Rights Issue 2024 Detail

Issue Open November 8, 2024 - December 6, 2024
Security Name Shangar Decor Ltd
Issue Size (Shares) 85,682,800
Issue Size (Amount) ₹49.35 Crores
Issue Price ₹5.76 per share
Face Value ₹5 per share
Listing At BSE
Terms of Payment

The Issue Price of Rs. 5.76/- per Equity Share shall be payable at the time of application.

Entitlement 7 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Shangar Decor Rights Issue 2024 Issue Timetable

Last Date to buy sharesOctober 25, 2024
Record Date October 28, 2024
Credit of Rights Entitlements November 8, 2024
Bid/Offer Opens On November 8, 2024
Renunciation of Rights Entitlements November 29, 2024
Bid/Offer Closes On December 6, 2024
Deemed Date of Allotment December 12, 2024
Credit Date December 19, 2024
Listing Date December 24, 2024

Company Financials

Shangar Decor Ltd Financial Information (Restated Standalone)

Shangar Decor Ltd's revenue increased by 34.41% and profit after tax (PAT) rose by 272.76% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets27.8722.7920.29
Revenue12.999.676.20
Profit After Tax0.750.200.05
Net Worth7.376.62
Reserves and Surplus1.250.500.30
Total Borrowing8.479.816.48
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the net proceeds from the issue towards funding the following objects:

1. Working capital requirement;

2. General Corporate Purpose;

3. To meet Issue Expenses.

Shangar Decor Rights Issue 2024 Documents

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Company Contact Information

Shangar Decor Ltd
4 Sharad Flats
Opp-Dharnidhar,
Temple, Ahmedabad-380007

Phone: 9825023622
Email: moulinshah@shangardecor.com
Website: https://www.shangardecor.com/index.html

Shangar Decor Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Shangar Decor Rights Issue 2024 Lead Manager(s)

Find Shangar Decor Rights Issue 2024 Latest Update

Shangar Decor Rights Issue 2024 FAQs

The Shangar Decor Rights Issue 2024 opens on November 8, 2024, and closes on December 6, 2024.

Shangar Decor Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsNovember 8, 2024
Last Date for renunciation of Rights EntitlementsNovember 29, 2024
Issue Opening DateNovember 8, 2024
Issue Closing DateDecember 6, 2024
Date of Allotment (on or about)December 12, 2024
Date of Credit (on or about)December 19, 2024
Date of Listing (on or about)December 24, 2024

Shangar Decor Rights Issue 2024 price is set at ₹5.76 per share per equity share.

The eligible shareholders are being offered 7 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (October 28, 2024).

The record date for the Shangar Decor Rights Issue 2024 is October 28, 2024.

The issue size of Shangar Decor Rights Issue 2024 is of 85,682,800 equity shares at ₹5.76 per share aggregating upto ₹49.35 Crores.

The Letter of Offer for Shangar Decor Rights Issue 2024 can be download here.

You can apply for Shangar Decor Rights Issue 2024 in two ways:

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

Steps to apply for Shangar Decor 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 Shangar Decor Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Shangar Decor 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 Shangar Decor Rights Issue 2024 using Registrar's website (R-WAP)

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

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