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Sharanam Infraproject and Trading Limited Rights Issue (Sharanam Infraproject & Trading Rights Issue 2023) Detail

May 31, 2023 - June 28, 2023
Sharanam Infraproject and Trading Limited Logo

Incorporated in 1992, Sharanam Infraproject And Trading Limited engage in the business to set up facilities for the manufacture of wristwatch cases.

The company engages in buying, selling, leasing, maintaining,subletting, maintaining allotting, transferring allotment, administering, exchanging mortgaging, accepting lease, tenancy or sub-tenancy and constructing, reconstructing, extending, altering or demolishing a building or demolishing building or tenements, block, flats, shops, godowns, materials incidental to construction, repair, overhaul or maintenance of land and building to fix and collect rents.

Sharanam is also engaged in the supply chain distribution of various Steel Products including building materials such as seamless or welded steel pipes,blooms, and slabs, welded pipe, electric resistance welding (ERW), high-frequency induction welding (HFI), longitudinal submerged arc welding (LSAW), seamless pipe, oil and gas industry usage, real Estate and infrastructural projects in Gujarat & nearby states.

Sharanam Infraproject & Trading Rights Issue 2023 Detail

Issue Open May 31, 2023 - June 28, 2023
Security Name Sharanam Infraproject and Trading Limited
Issue Size (Shares) 75,001,500
Issue Size (Amount) ₹7.50 Crores
Issue Price ₹1 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment
Entitlement 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

Sharanam Infraproject & Trading Rights Issue 2023 Issue Timetable

Last Date to buy sharesMay 19, 2023
Record Date May 22, 2023
Credit of Rights Entitlements May 26, 2023
Bid/Offer Opens On May 31, 2023
Renunciation of Rights Entitlements June 15, 2023
Bid/Offer Closes On June 28, 2023
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Sharanam Infraproject and Trading Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-224.300.180.02
31-Mar-234.30-0.17
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the net proceeds from the issue towards meeting working capital requirements.

Sharanam Infraproject & Trading Rights Issue 2023 Documents

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Sharanam Infraproject & Trading Rights Issue 2023 Reviews

Company Contact Information

Sharanam Infraproject and Trading Limited
303, Earth Arise, Nr. Y.M.C.A. Club,
S. G. Road, Makarba, Vejalpur,
Vejalpur, Ahmedabad 380051

Phone: 079-2970 7666
Email: sharanaminfraproject@gmail.com
Website: http://www.sharanaminfra.co.in

Sharanam Infraproject & Trading Rights Issue 2023 Registrar

  1. Skyline Financial Services Private Ltd
    Phone: 02228511022
    Email: ipo@skylinerta.com
    Website: https://www.skylinerta.com/ipo.php

Sharanam Infraproject & Trading Rights Issue 2023 Lead Manager(s)

Sharanam Infraproject & Trading Rights Issue 2023 FAQs

The Sharanam Infraproject & Trading Rights Issue 2023 opens on May 31, 2023, and closes on June 28, 2023.

Sharanam Infraproject & Trading Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsMay 26, 2023
Last Date for renunciation of Rights EntitlementsJune 15, 2023
Issue Opening DateMay 31, 2023
Issue Closing DateJune 28, 2023
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

Sharanam Infraproject & Trading Rights Issue 2023 price is set at ₹1 per share per equity share.

The eligible shareholders are being offered 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (May 22, 2023).

The record date for the Sharanam Infraproject & Trading Rights Issue 2023 is May 22, 2023.

The issue size of Sharanam Infraproject & Trading Rights Issue 2023 is of 75,001,500 equity shares at ₹1 per share aggregating upto ₹7.50 Crores.

The Letter of Offer for Sharanam Infraproject & Trading Rights Issue 2023 can be download here.

You can apply for Sharanam Infraproject & Trading Rights Issue 2023 in two ways:

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

Steps to apply for Sharanam Infraproject & Trading Rights Issue 2023 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 Sharanam Infraproject & Trading Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Sharanam Infraproject & Trading Rights Issue 2023.
  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 Sharanam Infraproject & Trading Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Sharanam Infraproject & Trading Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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