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Shiva Cement Limited was incorporated in 1985 and is engaged in the manufacture of clinker and trading of other related products.
The company's manufacturing facility is located near the geographical boundary of three eastern states of India, namely Odisha, Chhattisgarh and Jharkhand. The company's clinker production plant has a capacity of 4,000 TPD (equivalent to 1.32 MTPA), a waste heat recovery system with a capacity of 8.9 MW and its own 132KV power line. The company is also in the process of setting up a crushing plant for 4 MTPA of limestone at its mines in Khatkurbahal, Odisha.
As on June 30, 2023, the company employed 225 permanent employees.
| Issue Open | April 22, 2024 - May 6, 2024 |
| Security Name | Shiva Cement Ltd. |
| Issue Size (Shares) | 100,000,000 |
| Issue Size (Amount) | ₹400.00 Crores |
| Issue Price | ₹40 per share |
| Face Value | ₹2 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Rs. 40 is payable on the application. |
| Entitlement | 20 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | April 2, 2024 |
| Record Date | April 3, 2024 |
| Credit of Rights Entitlements | April 19, 2024 |
| Bid/Offer Opens On | April 22, 2024 |
| Renunciation of Rights Entitlements | April 30, 2024 |
| Bid/Offer Closes On | May 6, 2024 |
| Deemed Date of Allotment | May 10, 2024 |
| Credit Date | May 14, 2024 |
| Listing Date | May 20, 2024 |
Shiva Cement Ltd.'s revenue decreased by -52.22% and profit after tax (PAT) dropped by -215.33% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,391.49 | 898.36 |
| Revenue | 3.47 | 7.27 |
| Profit After Tax | -80.47 | -25.52 |
| Amount in ₹ Crore | ||
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
Shiva Cement Rights Issue 2024 got oversubscribed by 1.14 times by the end of the bidding period with total bid quantity received by BSE of 114,452,899 shares.
14 3.1 Rating:  Vote Here ... |
Shiva Cement Ltd.
Village Telighana,
Birangatoli,
Kutra, Sundargarh – 770 018
Phone: +91 661 246 1300
Email: cs@shivacement.com
Website: http://www.shivacement.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: scl.rights@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
The Shiva Cement Rights Issue 2024 opens on April 22, 2024, and closes on May 6, 2024.
Shiva Cement Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | April 19, 2024 |
| Last Date for renunciation of Rights Entitlements | April 30, 2024 |
| Issue Opening Date | April 22, 2024 |
| Issue Closing Date | May 6, 2024 |
| Date of Allotment (on or about) | May 10, 2024 |
| Date of Credit (on or about) | May 14, 2024 |
| Date of Listing (on or about) | May 20, 2024 |
Shiva Cement Rights Issue 2024 price is set at ₹40 per share per equity share.
The eligible shareholders are being offered 20 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date (April 3, 2024).
The record date for the Shiva Cement Rights Issue 2024 is April 3, 2024.
The issue size of Shiva Cement Rights Issue 2024 is of 100,000,000 equity shares at ₹40 per share aggregating upto ₹400.00 Crores.
The Letter of Offer for Shiva Cement Rights Issue 2024 can be download here.
You can apply for Shiva Cement Rights Issue 2024 in two ways:
Steps to apply for Shiva Cement 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 Shiva Cement Rights Issue 2024 using Registrar's website (R-WAP)
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