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Spright Agro Limited Rights Issue (Spright Agro Rights Issue 2024) Detail

June 24, 2024 - July 23, 2024
Spright Agro Limited Logo

Founded in 1994, Spright Agro Limited, formerly known as Tine Agro Limited, develops agricultural and forestry operations.

The company plants, grows, cultivates, produces and breeds various agricultural and forestry crops, horticultural crops, greenhouses, net houses, medicinal and aromatic plants in owned and/or leased farms and operates as a manufacturer, importer and exporter, wholesaler, retailer and trader of all types of agricultural and other commodities.

Spright Agro Rights Issue 2024 Detail

Issue Open June 24, 2024 - July 23, 2024
Security Name Spright Agro Limited
Issue Size (Shares) 33,484,611
Issue Size (Amount) ₹44.87 Crores
Issue Price ₹13.4 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

The Issue Price of ₹ 13.40/- per Equity Share shall be payable at the time of application.

Entitlement 1 Rights Equity Share(s) for every 15 fully paid-up Equity Shares held on Record Date

Spright Agro Rights Issue 2024 Issue Timetable

Last Date to buy sharesJune 6, 2024
Record Date June 7, 2024
Credit of Rights Entitlements June 21, 2024
Bid/Offer Opens On June 24, 2024
Renunciation of Rights Entitlements July 16, 2024
Bid/Offer Closes On July 23, 2024
Deemed Date of Allotment July 18, 2024
Credit Date July 30, 2024
Listing Date July 30, 2024

Company Financials

Spright Agro Limited Financial Information (Restated)

Spright Agro Limited's revenue increased by 842.13% and profit after tax (PAT) rose by 113924.42% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Revenue72.597.7011.27
Profit After Tax11.620.010.01
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the net proceeds from the issue towards funding the following objects:

  1. Working capital requirement;
  2. General Corporate Purpose; and
  3. To meet Issue Expenses.

Spright Agro Rights Issue 2024 Subscription Status

Spright Agro Rights Issue 2024 got oversubscribed by 1.16 times by the end of the bidding period with total bid quantity received by BSE of 38,759,398 shares.

Spright Agro Rights Issue 2024 Documents

Spright Agro Rights Issue 2024 Rating

18
3.4
Rating:Rated 3.4 stars
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Spright Agro Rights Issue 2024 Reviews

Company Contact Information

Spright Agro Limited
Office No 1216 Shilp Epitom Rajpath,
Rangoli Road Off Sindhu Bhavan Road,
Bodakdev, Ahmedabad- 380054

Phone: +91 9825434390
Email: kansalfiberltd@gmail.com
Website: https://sprightagro.com/

Spright Agro Rights Issue 2024 Registrar

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

Spright Agro Rights Issue 2024 Lead Manager(s)

Spright Agro Rights Issue 2024 FAQs

The Spright Agro Rights Issue 2024 opens on June 24, 2024, and closes on July 23, 2024.

Spright Agro Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsJune 21, 2024
Last Date for renunciation of Rights EntitlementsJuly 16, 2024
Issue Opening DateJune 24, 2024
Issue Closing DateJuly 23, 2024
Date of Allotment (on or about)July 18, 2024
Date of Credit (on or about)July 30, 2024
Date of Listing (on or about)July 30, 2024

Spright Agro Rights Issue 2024 price is set at ₹13.4 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 15 fully paid-up Equity Shares held on Record Date (June 7, 2024).

The record date for the Spright Agro Rights Issue 2024 is June 7, 2024.

The issue size of Spright Agro Rights Issue 2024 is of 33,484,611 equity shares at ₹13.4 per share aggregating upto ₹44.87 Crores.

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

You can apply for Spright Agro Rights Issue 2024 in two ways:

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

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

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

71 Comments

71. Divya sharma     Link|September 11, 2024 4:51:20 PM
I have 50000 qty. My daily loss by 1.5 lakh. Only seller in this stock.
71.2. Bharat     Link|October 4, 2024 12:10:43 PM
@Divya Sharma Ji , What was your buying price. You should not invest this kind of issue
71.3. Bharat vaishnavi     Link|October 4, 2024 12:12:20 PM
Wait for 2 or More LC
70. Ayushi Jaiswal     Link|October 3, 2024 4:38:21 PM
Any suggestions on what should be done now.. since we are not able to take exit and have already lost the profits on amount invested, should we hold the stock and wait for it to move up or try minimising our loss by selling at whatever minimum price possible??
69. Divya sharma     Link|September 29, 2024 9:56:29 PM
15 (13.4 + 1.5 re premium) * 50000= 750000 invest
68. rupeshrr     Link|September 14, 2024 3:16:35 PM
I noticed a significant gap between the Rights Entitlement (RE) and the Current Market Price (CMP), so I decided to buy RE. However, on the third last day of RE stock trading, I exited with a loss of approximately ₹15,000 because I believed the rights issue might be canceled. On the last date, the rights issue was completed, and I thought I had made a big mistake as my ₹6 lakh investment could have become ₹23 lakh in one month. But now, I realize I made the right decision at the right time, even though it cost me ₹15,000. I think this stock can go into single digits as it is fully operated.

I suggest everyone file a complaint against this operated activity
67. Ayushi Jaiswal     Link|September 11, 2024 1:58:12 PM
Has anyone got exit from spright RE yet??.. if yes please share the strategy..
67.1. Divya sharma     Link|September 11, 2024 4:48:52 PM
No day by day stock touch lower circuit.
66. Rohit     Link|September 1, 2024 12:36:40 PM
Smart person already exit at upper level. This trap only for retailors. Late listing is a sign of trap. Day by day stock touch lower circuit. No buyers only sellers I.e. 4 crores sell qty.
65. Utkarsh Gupta     Link|August 26, 2024 12:15:42 AM
Don't try to sell your spright agro in low prices this is I the only reason for lower circuit if you place sell orders above the price it's has a possibility of getting into upper circuit!! And 20lakh + buyers will show interest everyday then everyone can sell this at best price, so please don't sell your right credited share in low price
65.1. Noida     Link|August 27, 2024 2:14:59 PM
Agree
65.2. Kumar     Link|August 27, 2024 9:28:10 PM
It’s true people don’t check
all the public holding that’s 21 people hold total 86% and by name looks like all family members. If everyone sale in low price there right issue share.
they will make it bull rally after buy in low price. And everyone will just recreate and nothing
Now company going all positive way this what I feel.
64. Rohit     Link|August 21, 2024 7:33:37 PM
Which date spright agro right issue listing? Any one idea
64.1. Hhh     Link|August 21, 2024 9:18:25 PM
Listed done
63. Noida     Link|August 21, 2024 12:53:25 PM
Should we sell right issue now or later once upper circuit begins.
62. Noida     Link|August 21, 2024 12:42:55 PM
Credited finally.
61. Vikash kumar     Link|August 21, 2024 7:45:53 AM
Any one received right issue
61.1. Abhishek     Link|August 21, 2024 11:52:55 AM
Yes received
60. Syed sajjad     Link|August 21, 2024 9:33:57 AM
Daily bolta hai aaj approval aa gaya hai phir subah kuch nahi hota. Share me bih insider trading ho rahi hai order daal ke jata dia jata hai...
Refund ke lie complaint kariye saat me compensation...
59. Abhishek     Link|August 21, 2024 9:26:13 AM
Hi All, I received a debit message from CDSL for spright agro for the shares that were supposed to be credited. How can they debit them before even crediting them. Anyone else got this sort of message from CDSL?
58. nagen     Link|August 20, 2024 12:54:50 PM
Write mail to sebi for delay.... sebi@sebi.gov.in
57. Abhishek     Link|August 16, 2024 11:42:22 PM
I received Rs 6 in the form of credit from Spright Agro. Did anyone else received anything ?
57.3. KiranJintikar     Link|August 18, 2024 4:30:51 PM
Credit for what ?

57.4. Ayushi Jaiswal     Link|August 20, 2024 11:59:29 AM
Same I also had received Rs 6 in bank account.. I hold 1000 RE of Spright Agro
56. Prasenjit     Link|August 20, 2024 11:09:11 AM
Share Everyone own mobile No
55. Roshan     Link|August 19, 2024 7:53:42 PM
How many Re share do you brought
54. AJAY     Link|August 19, 2024 1:12:39 PM
I THINK WE HAVE RECEIVED INTEREST FOR LATE LISTING
53. Ayushi     Link|August 14, 2024 2:30:29 PM
Has anyone raised any complaint on BSE/Sebi towards the non listing of RE yet??
53.5. Ayushi Jaiswal     Link|August 16, 2024 8:27:18 AM
BSE website (complaint section)
53.6. ABHAY VERMA     Link|August 17, 2024 3:01:56 PM
yes. All should do this.
52. naman     Link|August 17, 2024 1:14:51 AM
https://scores.sebi.gov.in/

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