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Shree Ganesh Remedies Limited Rights Issue (Shree Ganesh Remedies Rights Issue 2023) Detail

February 13, 2023 - February 21, 2023
Shree Ganesh Remedies Limited Logo

Incorporated in 1995, Shree Ganesh Remedies Limited is engaged in the business as a pharmaceutical intermediate manufacturing company in India. The company is engaged and involved in the development of Basic as well as Advanced intermediates for the API active pharmaceutical ingredients ("APIs"), for the generic and regulated market.

Extending its operations, Shree Ganesh Remedies recently entered into a new chemical entity ("NCE"), the synthesis of which is the first step in the process of drug development.

Shree Ganesh Remedies (SGRL) is an ISO 9001:2015, ISO 14001:2015 BS, and ISO 45001:2018 certified entity actively engaged in the manufacturing of pharma intermediates and fine chemicals. Products of the company are:

  • Chloroalkyl amines Salts
  • Friedel Craft's derivatives
  • Esters and Acid chlorides
  • Anti-psychotic
  • Anti-parasitic

The products of Shree Ganesh Remedies are delivered across different parts of India alongside exported in other countries. The company is scaling its business continuously to tremendous heights.

Shree Ganesh Remedies Rights Issue 2023 Detail

Issue Open February 13, 2023 - February 21, 2023
Security Name Shree Ganesh Remedies Limited
Issue Size (Shares) 840,471
Issue Size (Amount) ₹18.91 Crores
Issue Price ₹225 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Rs. 135 per share (60%) on application and remaining Rs. 90 (40%) on subsequent calls.

Entitlement 7 Rights Equity Shares for Every 100 Equity Shares held as on the record date

Shree Ganesh Remedies Rights Issue 2023 Issue Timetable

Record Date February 3, 2023
Credit of Rights Entitlements February 15, 2023
Bid/Offer Opens On February 13, 2023
Renunciation of Rights Entitlements February 15, 2023
Bid/Offer Closes On February 21, 2023
Deemed Date of Allotment March 1, 2023
Credit Date March 3, 2023
Listing Date March 8, 2023

Company Financials

Shree Ganesh Remedies Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-2160.651.189.7549.44
31-Mar-2277.0274.8613.455.79
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards the funding of the following objects:

  1. Part repayment or prepayment of unsecured loans availed from the Promoters and from the member of the Promoter Group
  2. Meeting Working Capital Requirements; and
  3. General corporate purposes.

Shree Ganesh Remedies Rights Issue 2023 Documents

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Company Contact Information

Shree Ganesh Remedies Limited
Plot no. 6011,
G.I.D.C,
Ankleshwar - 393002

Phone: +91 02646-227777
Email: investors@ganeshremedies.com
Website: http://www.ganeshremedies.com/

Shree Ganesh Remedies Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Shree Ganesh Remedies Rights Issue 2023 Lead Manager(s)

Shree Ganesh Remedies Rights Issue 2023 FAQs

The Shree Ganesh Remedies Rights Issue 2023 opens on February 13, 2023, and closes on February 21, 2023.

Shree Ganesh Remedies Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsFebruary 15, 2023
Last Date for renunciation of Rights EntitlementsFebruary 15, 2023
Issue Opening DateFebruary 13, 2023
Issue Closing DateFebruary 21, 2023
Date of Allotment (on or about)March 1, 2023
Date of Credit (on or about)March 3, 2023
Date of Listing (on or about)March 8, 2023

Shree Ganesh Remedies Rights Issue 2023 price is set at ₹225 per share per equity share.

The eligible shareholders are being offered 7 Rights Equity Shares for Every 100 Equity Shares held as on the record date (February 3, 2023).

The record date for the Shree Ganesh Remedies Rights Issue 2023 is February 3, 2023.

The issue size of Shree Ganesh Remedies Rights Issue 2023 is of 840,471 equity shares at ₹225 per share aggregating upto ₹18.91 Crores.

The Letter of Offer for Shree Ganesh Remedies Rights Issue 2023 can be download here.

You can apply for Shree Ganesh Remedies Rights Issue 2023 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Shree Ganesh Remedies 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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