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Incorporated in 1989, Sparc Electrex Limited is engaged in the manufacturing, import, export, trading, and dealing of various kinds of Garden Tools, Power Tools, Cordless Tools, Hand Tools, Machinery, Spares & Accessories. It also trades in Prime Steel Products, Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, Mild & Stainless Steel, and all kinds of Metals.
The products range of the company is spread across:
Sparc Electrex Limited is led by a strong team of highly skilled and experienced management group. The company has wide experience in the field.
Earlier the company was engaged in the business of Video Security Systems and Electronic Document Storage Systems. The same was discontinued after the takeover in October. Since then, Sparc diversified its operations in new fields.
One of the key strengths of the company is its wide range of products to offer to the customers. There are inbuilt quality assurance systems to ensure highest quality products are served to the end users.
| Issue Open | March 14, 2023 - April 12, 2023 |
| Security Name | Sparc Electrex Limited |
| Issue Size (Shares) | 14,667,000 |
| Issue Size (Amount) | ₹27.87 Crores |
| Issue Price | ₹19 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Rs. 4.75 is payable on application and the remaining sum of Rs. 14.25 is payable on subsequent call(s) as determined by the company. |
| Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | February 27, 2023 |
| Record Date | February 28, 2023 |
| Credit of Rights Entitlements | March 9, 2023 |
| Bid/Offer Opens On | March 14, 2023 |
| Renunciation of Rights Entitlements | April 6, 2023 |
| Bid/Offer Closes On | April 12, 2023 |
| Deemed Date of Allotment | April 21, 2023 |
| Credit Date | April 27, 2023 |
| Listing Date | May 3, 2023 |
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-20 | 0.09 | -0.01 |
| 31-Mar-21 | 0.05 | -2.00 |
| 31-Mar-22 | 15.07 | 2.12 |
| Amount in ₹ Crore | ||
The Company proposes to utilize the Net Proceeds to:
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Sparc Electrex Limited
1202, 12th Floor, Esperanza Building,
Next to Bank of Baroda, 198, Linking Road,
Bandra (West), Mumbai – 400050
Phone: +91-9819001811
Email: sparcelectrex@gmail.com
Website: http://www.sparcelectrex.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sparcelectrex.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Sparc Electrex Rights Issue 2023 opens on March 14, 2023, and closes on April 12, 2023.
Sparc Electrex Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | March 9, 2023 |
| Last Date for renunciation of Rights Entitlements | April 6, 2023 |
| Issue Opening Date | March 14, 2023 |
| Issue Closing Date | April 12, 2023 |
| Date of Allotment (on or about) | April 21, 2023 |
| Date of Credit (on or about) | April 27, 2023 |
| Date of Listing (on or about) | May 3, 2023 |
Sparc Electrex Rights Issue 2023 price is set at ₹19 per share per equity share.
The eligible shareholders are being offered 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (February 28, 2023).
The record date for the Sparc Electrex Rights Issue 2023 is February 28, 2023.
The issue size of Sparc Electrex Rights Issue 2023 is of 14,667,000 equity shares at ₹19 per share aggregating upto ₹27.87 Crores.
The Letter of Offer for Sparc Electrex Rights Issue 2023 can be download here.
You can apply for Sparc Electrex Rights Issue 2023 in two ways:
Steps to apply for Sparc Electrex Rights Issue 2023 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 Sparc Electrex Rights Issue 2023 using Registrar's website (R-WAP)
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