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Skipper Ltd Rights Issue (Skipper Rights Issue 2024) Detail

January 30, 2024 - February 8, 2024
Skipper Ltd Logo

Founded in 1981, Skipper Limited manufactures transmission and distribution structures such as towers and poles.

The company manufactures high quality polymer pipes and fittings used in both agricultural and plumbing applications. Skipper has three manufacturing facilities in West Bengal and one in Assam.

The company has a presence in over 55 countries, including Latin America, Europe and Africa.

The company has over 42 years of experience as India's integrated T&D company with its own structure rolling, in-house manufacturing, tower load testing station and EPC for transmission lines.

The company employs over 2,446 people.

Skipper Rights Issue 2024 Detail

Issue Open January 30, 2024 - February 8, 2024
Security Name Skipper Ltd
Issue Size (Shares) 10,267,021
Issue Size (Amount) ₹199.18 Crores
Issue Price ₹194 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

Issue Price of Rs.194 is to be paid as Rs. 48.50 on Application and Rs.145.50 on upto three Additonal Calls as may be decided by the Board/Rights Issue Committee.

Entitlement 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date

Skipper Rights Issue 2024 Issue Timetable

Last Date to buy sharesJanuary 11, 2024
Record Date January 12, 2024
Credit of Rights Entitlements
Bid/Offer Opens On January 30, 2024
Renunciation of Rights Entitlements February 5, 2024
Bid/Offer Closes On February 8, 2024
Deemed Date of Allotment February 15, 2024
Credit Date February 16, 2024
Listing Date February 19, 2024

Company Financials

Skipper Ltd Financial Information (Restated Consolidated)

Skipper Ltd's revenue increased by 16.04% and profit after tax (PAT) rose by 41.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets2,222.642,083.951,919.27
Revenue1,985.621,711.091,585.53
Profit After Tax35.5725.1521.43
Net Worth767.41732.13707.84
Total Borrowing484.02566.65438.55
Amount in ₹ Crore

Objects of the Issue:

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

  1. To meet the Working Capital requirements of the Company; and
  2. General Corporate Purposes.

Skipper Rights Issue 2024 Subscription Status

Skipper Rights Issue 2024 got oversubscribed by 1.77 times by the end of the bidding period with total bid quantity received by BSE and NSE of 18,195,526 shares.

Skipper Rights Issue 2024 Documents

Skipper Rights Issue 2024 Rating

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Skipper Rights Issue 2024 Reviews

Company Contact Information

Skipper Ltd
3 A, Louder Street
1st Floor
Kolkata- 700017

Phone: 033 22895731
Email: investor.relations@skipperlimited.com
Website: https://www.skipperlimited.com/

Skipper Rights Issue 2024 Registrar

  1. Maheshwari Datamatics Pvt. Ltd
    Phone: 033 22435029 / 22482248
    Email: mdpldc@yahoo.com
    Website: http://www.mdpl.in

Skipper Rights Issue 2024 Lead Manager(s)

Skipper Rights Issue 2024 FAQs

The Skipper Rights Issue 2024 opens on January 30, 2024, and closes on February 8, 2024.

Skipper Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsFebruary 5, 2024
Issue Opening DateJanuary 30, 2024
Issue Closing DateFebruary 8, 2024
Date of Allotment (on or about)February 15, 2024
Date of Credit (on or about)February 16, 2024
Date of Listing (on or about)February 19, 2024

Skipper Rights Issue 2024 price is set at ₹194 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 10 fully paid-up Equity Shares held on Record Date (January 12, 2024).

The record date for the Skipper Rights Issue 2024 is January 12, 2024.

The issue size of Skipper Rights Issue 2024 is of 10,267,021 equity shares at ₹194 per share aggregating upto ₹199.18 Crores.

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

You can apply for Skipper Rights Issue 2024 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Skipper Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

21 Comments

21. Raj Gurjar     Link|February 20, 2024 9:40:41 PM
I hold 62 share of skipper re but I can not apply for right issue on before 8 Feb
So how can recover my fund which is invested in the share
21.2. Dheeraj     Link|February 22, 2024 5:14:04 PM
RE is like an option , just buying RE share you do not become share holder post RE purchase you have to apply via rights option , if you do not do you will loose your money as RE is option which auto expire if do not apply for share
21.3. Chirag Bhoorani     Link|February 27, 2024 4:09:01 PM
Bhai ji public ko bewakoof banake paise loot liye gaye h suprime court m rit dena padega skipper limited chor h
20. Rakesh Kumar nehra     Link|February 26, 2024 3:42:13 PM
Does anyone get skipper rights issue shares in your demat account
20.1. Jaydip     Link|February 27, 2024 7:58:07 AM
Not yet
20.2. Haresh     Link|February 27, 2024 12:13:04 PM
Nope, not yet. Not sure whats happening. These shares were supposed to be listed week ago on 19th feb.
19. Manesh     Link|February 26, 2024 10:30:22 AM
Even i applied , money deducted but IPO status shows as allotted but not reflecting with account ? How to retrieve my money ?
18. Saravanan     Link|February 25, 2024 10:23:44 AM
Before know anything about right issue don't buy RE shares,if ur existing share share holder rughts share credited in ur account simply sell it like ordinary shares before the X date company anounced.
This is not consider as fraud, you should have been recieved alert email to apply before X date, sebi should fo have do little bit easier...
Right apply through net banking or you can download form through same company website, or RTA agent for right issue, fill the form submit to ur nearest bank were your account holding. Very simple don't waste your hard earn money
17. prince jain     Link|February 23, 2024 9:55:50 AM
skipper-re trading start 21-02-2024
17.1. Rakesh Kumar nehra     Link|February 23, 2024 3:20:22 PM
Did you get shares in your demat account
17.2. Rakesh     Link|February 23, 2024 3:24:04 PM
Did you get the shares in your demat account
16. J J SHARMA     Link|February 22, 2024 4:10:27 PM
AMOUNT OF RIGHT ALLOTED SHARES DEBITED FROM BANK ACCOUNT BUT TILL SHARES NOT CREDITED IN DP ACCOUNT. PLZ CONFIRM WHETHER ANY ONE GOT SHARES IN DP. THANKS
16.1. Chandra Shekar     Link|February 23, 2024 3:22:11 PM
Same here. Blocked amout was deducted. But there is no mail / SMS from CDSL or Skipper or registrars, Something fishy or fraud is happening. The registrars must have offered some cheap service to save some costs at investors expense.
15. B.DILIP     Link|February 20, 2024 5:39:34 PM
I AM ALREADY HAVING 250 SHARES OF SKIPPER INDIA SINCE 2021.I APPLIED FOR 100 SHARES (25 SHARES ENTITLED +75 ADDITIONAL) ACCORDINGLY RS 4850/= WAS BLOCKED.BUT TODAY COMPANY INFORMED ME THAT "NO SHARES HAVE BEEN ALLOTTED AGAINST YOUR APPLICATION AND RS.4850/= STANDS RELEASED.HOW IT COULD BE ?,ATLEAST I WOULD HAVE BEEN ALLOTTED MINIMUM 25 SHARES FOR WHICH I WAS ENTITLED.ANYBODY HAVING SAME PROBLEM? EXPERT PLEASE GUIDE.
15.1. B.DILIP     Link|February 21, 2024 2:44:19 PM
I REFER THIS MATTER TO SKIPPER INDIA LTD AS WELL AS REGISTRAR TO THE ISSUE ,MAHESHWARI DATAMATICS ON EMAIL ,BUT THERE NO RESPONSE
14. Kaluram Bhansali     Link|February 20, 2024 7:19:09 PM
I hold 100 right of 10 share I app. 100 share but bank mess not allo. My pan.AACPB9121 D
13. Kanika     Link|February 20, 2024 6:59:11 PM
Amount still on hold and also message about allotment. I applied through ICICI.
Is this same with others ?
12. Jaydip     Link|February 20, 2024 6:15:58 PM
Dear Customer, xx shares have been allotted to your ASBA application no.xx for SKIPPER LTD on 20/02/2024. - Kotak Bank
11. Nitin Prajapati     Link|February 20, 2024 4:47:06 PM
Today my Holding amount was debit from my account i hope tomorrow I can see skipper stock in my demat account
10. Jaydip     Link|February 20, 2024 2:59:24 PM
Dear Customer, xx shares have been allotted to your ASBA application no. xx for SKIPPER LTD on 20/02/2024. - Kotak Bank
9. Upendra Yadav     Link|February 20, 2024 12:45:04 PM
Allotment status ,listing kab hogi ,na koi call utha rha ,na koi information mil rha
8. Chandra Shekar   I Like It. 1|  Link|February 20, 2024 12:11:37 PM
Not sure what is going on. No information. Neither there is deduction of the blocked amount nor funds are released.. Funds are stuck. Sigh :(
7. sandeep     Link|February 19, 2024 8:52:52 AM
Any got allotment of Skipper rights, it seems it should be listed today as per information in this site
7.4. Rakesh Kumar nehra     Link|February 20, 2024 9:52:37 AM
Any update on it
7.5. Haresh     Link|February 20, 2024 10:19:31 AM
Surprisingly there is no communication from Skipper nor from Datamatics. It was to have been listed yesterday. Not sure why this silence !
6. Jaydip     Link|February 20, 2024 8:53:03 AM
Any further news on allotments ?
5. YOGESH MEHTA     Link|February 19, 2024 3:38:05 PM
MY APPLICATION NO IS 2400024022250898 PLZ INFOME ME ALLOUNTMENT STATUS.
4. ValuePicker     Link|February 19, 2024 2:55:56 PM
I called the registrar and the company and also wrote an email, did not received any response on the allotment status and expected date.
3. ValuePicker     Link|February 16, 2024 8:11:53 PM
Anyone got allotment yet?
3.1. Sushant   I Like It. 1|  Link|February 16, 2024 10:59:50 PM
Not yet .
3.2. sabzar     Link|February 19, 2024 1:08:17 PM
Skipper rights shares not cedited yet
2. Vijay Paleja     Link|February 17, 2024 6:00:45 PM
I search allotment for Skipper Right issue,
Till now no record with online available.
Hope it clear before allotment date.

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