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Shrydus Industries Ltd Rights Issue (Shrydus Industries Rights Issue 2024) Detail

August 5, 2024 - August 19, 2024
Shrydus Industries Ltd Logo

Incorporated in January 1983, 'Shrydus Industries Limited is into Healthcare and Pharmaceutical sector. The company currently manufactures adult diapers, baby diapers, and sanitary napkins.

The company now operates a pharmaceutical manufacturing plant in Gujarat, India. The plant produces tablets and capsules for export and has over 468 registered products. Despite the challenges posed by the global pandemic, the plant has demonstrated resilience and is committed to delivering high-quality products. Additionally, it is equipped to manufacture various types of medications. The plant holds approvals from the National Drug Authorities of several East African countries and provides services to Uganda, Tanzania, Kenya, Ethiopia, Congo, and Malawi.

The company has exclusive distributors in Southeast Asian, Latin, and Central American countries. The plant has the capacity to produce approximately 20 million tablets and 4 million capsules daily, including various pharmaceutical products. It is strategically located near major pharmaceutical players like Zydus, Cadilla, and Intas, leveraging its strategic advantage in the pharmaceutical hub.

As March 2024, the company has18 (Eighteen) full-time employees.

Shrydus Industries Rights Issue 2024 Detail

Issue Open August 5, 2024 - August 19, 2024
Security Name Shrydus Industries Ltd
Issue Size (Shares) 20,008,810
Issue Size (Amount) ₹36.02 Crores
Issue Price ₹18 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the Issue Price of ₹ 18/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 5 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date

Shrydus Industries Rights Issue 2024 Issue Timetable

Last Date to buy sharesJuly 18, 2024
Record Date July 19, 2024
Credit of Rights Entitlements
Bid/Offer Opens On August 5, 2024
Renunciation of Rights Entitlements August 14, 2024
Bid/Offer Closes On August 19, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Shrydus Industries Ltd Financial Information (Restated Standalone)

Shrydus Industries Ltd's revenue increased by 1.52% and profit after tax (PAT) rose by 75.33% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets16.896.91
Revenue9.459.31
Profit After Tax0.520.30
Reserves and Surplus-6.05-7.75
Amount in ₹ Crore

Objects of the Issue:

The objects of the issue are:

  1. Acquisition of Astra Lifecare (India) Private limited
  2. Repayment of Loan availed from the related party through conversion outstanding Loan to Equity
  3. To Meet working capital of the company
  4. General Corporate Purposes; and
  5. Issue Expenses.

Shrydus Industries Rights Issue 2024 Documents

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Company Contact Information

Shrydus Industries Ltd
M/s. Mangalam Housing Development Finance Limited
, 24 & 26, Hemanta Basu Sarani,
R.N. Mukherjee Road, Kolkata- 700 001

Phone: +91 9892710929
Email: Info@shrydus.com
Website: https://www.shrydus.com/

Shrydus Industries Rights Issue 2024 Registrar

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

Shrydus Industries Rights Issue 2024 Lead Manager(s)

Find Shrydus Industries Rights Issue 2024 Latest Update

Shrydus Industries Rights Issue 2024 FAQs

The Shrydus Industries Rights Issue 2024 opens on August 5, 2024, and closes on August 19, 2024.

Shrydus Industries Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsAugust 14, 2024
Issue Opening DateAugust 5, 2024
Issue Closing DateAugust 19, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

Shrydus Industries Rights Issue 2024 price is set at ₹18 per share per equity share.

The eligible shareholders are being offered 5 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date (July 19, 2024).

The record date for the Shrydus Industries Rights Issue 2024 is July 19, 2024.

The issue size of Shrydus Industries Rights Issue 2024 is of 20,008,810 equity shares at ₹18 per share aggregating upto ₹36.02 Crores.

The Letter of Offer for Shrydus Industries Rights Issue 2024 can be download here.

You can apply for Shrydus Industries Rights Issue 2024 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Shrydus Industries 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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