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Shraddha Prime Projects Limited Rights Issue (Shraddha Prime Projects Rights Issue 2023) Detail

July 10, 2023 - July 24, 2023
Shraddha Prime Projects Limited Logo

Incorporated in 1993, Shraddha Prime Projects Limited is an integrated construction and real estate development company, primarily focused on the construction and development of residential and commercial projects, in and around Mumbai, Maharashtra.

The "Shraddha Group" brand has established a successful track record in the real estate industry in Mumbai and Pune. They engaged in developing real estate projects by focussing on innovative architecture, strong project execution, and quality construction.

Broady Shraddha Group undertakes the business of real estate involving developing, leasing, constructing, and redevelopment, etc. various residential and commercial projects.

Shraddha Prime Projects Rights Issue 2023 Detail

Issue Open July 10, 2023 - July 24, 2023
Security Name Shraddha Prime Projects Limited
Issue Size (Shares) 16,625,020
Issue Size (Amount) ₹49.88 Crores
Issue Price ₹30 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The full amount of Rs. 30 on Rights Equity Shares will be payable on the application.

Entitlement 365 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date

Shraddha Prime Projects Rights Issue 2023 Issue Timetable

Last Date to buy sharesJune 30, 2023
Record Date July 3, 2023
Credit of Rights Entitlements July 7, 2023
Bid/Offer Opens On July 10, 2023
Renunciation of Rights Entitlements July 19, 2023
Bid/Offer Closes On July 24, 2023
Deemed Date of Allotment July 28, 2023
Credit Date August 1, 2023
Listing Date August 3, 2023

Company Financials

Shraddha Prime Projects Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-211.190.10-0.25
31-Mar-2221.430.13-0.31
31-Mar-23133.238.620.62
Amount in ₹ Crore

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized by our Company for the following objects:

  1. Repayment of Unsecured Loan;
  2. General Corporate Expense

Shraddha Prime Projects Rights Issue 2023 Documents

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Company Contact Information

Shraddha Prime Projects Limited
A-309, Kanara Business Centre Premises CS Limited,
Link Road, Laxmi Nagar,
Ghatkopar (East), Mumbai – 400 075

Phone: 022 21646000
Email: shraddhaprimeprojects@gmail.com
Website: http://www.shraddhaprimeprojects.in/

Shraddha Prime Projects Rights Issue 2023 Registrar

  1. Rcmc Share Registry Private Limited
    Phone: (91) 120 4015880
    Email: investor.services@rcmcdelhi.com
    Website: http://www.rcmcdelhi.com/

Shraddha Prime Projects Rights Issue 2023 Lead Manager(s)

Shraddha Prime Projects Rights Issue 2023 FAQs

The Shraddha Prime Projects Rights Issue 2023 opens on July 10, 2023, and closes on July 24, 2023.

Shraddha Prime Projects Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsJuly 7, 2023
Last Date for renunciation of Rights EntitlementsJuly 19, 2023
Issue Opening DateJuly 10, 2023
Issue Closing DateJuly 24, 2023
Date of Allotment (on or about)July 28, 2023
Date of Credit (on or about)August 1, 2023
Date of Listing (on or about)August 3, 2023

Shraddha Prime Projects Rights Issue 2023 price is set at ₹30 per share per equity share.

The eligible shareholders are being offered 365 Rights Equity Share(s) for every 100 fully paid-up Equity Shares held on Record Date (July 3, 2023).

The record date for the Shraddha Prime Projects Rights Issue 2023 is July 3, 2023.

The issue size of Shraddha Prime Projects Rights Issue 2023 is of 16,625,020 equity shares at ₹30 per share aggregating upto ₹49.88 Crores.

The Letter of Offer for Shraddha Prime Projects Rights Issue 2023 can be download here.

You can apply for Shraddha Prime Projects Rights Issue 2023 in two ways:

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

Steps to apply for Shraddha Prime Projects 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 Shraddha Prime Projects Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Shraddha Prime Projects 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 Shraddha Prime Projects Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Shraddha Prime Projects 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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