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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

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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

51. Roshan     Link|August 16, 2024 10:25:57 PM
Did anyone raise a complaint to SEBI, that still not shares get credited to account
50. Paras     Link|August 16, 2024 2:39:01 PM
Let’s all raise a complaint. They are again saying it will take a week. Initially, they said 10th, then 13th and now another week. Plus, we have to call repeatedly to ask for information, we are not getting details from them
49. Rohit     Link|August 16, 2024 1:57:06 PM
Please all raised complaint against registrar and company to sebi scores portal. Day by day stock hit lower circuit.
48. AJAY     Link|August 16, 2024 1:10:26 PM
REGISTER AND COMPANY NO ONE IS PICKING UP THE CALL
47. Kakul     Link|August 13, 2024 1:49:27 PM
Called the company today, they said it will be listed by tomorrow.
47.1. ABHAY VERMA     Link|August 14, 2024 8:35:55 PM
but not listed yet
46. Sam master     Link|August 13, 2024 11:09:05 PM
Shares credited but name is Different (TINEAGROBONUS) name se...
46.1. ABHAY VERMA     Link|August 14, 2024 8:30:32 PM
dmat ne credit nhi hue. aapke kb aaye the
45. Paras     Link|August 14, 2024 10:00:48 AM
Aaj bhi nhi hue list. It has been 15 days now the amount was deducted
44. Prashant Kumar singh     Link|August 13, 2024 3:01:32 PM
I purchased 252 shares of spright- re. They were present in my demat account of angle-one but suddenly a few days ago all 252 shares are disappeared from my portfolio of angle one. Now what should I do?
44.1. Helping friend     Link|August 14, 2024 3:31:04 AM
Buying RE shares does not mean that you have bought the actual shares. You have only bought the Entitlement to them. To complete the purchase you have to pay the issue price as well - i.e. another Rs. 13.40 per share in Spright's case through ASBA facility.

If you did not apply for them through ASBA, then the money you invested in buying RE is lost. Sorry.
43. Ashok solanki     Link|August 13, 2024 6:12:28 PM
I purchased 375 shares of spright- re. They were present in my demat account of upstox but suddenly a few days ago all 375 shares are disappeared from my portfolio of angle one. Now what should I do?
43.1. Sam master     Link|August 13, 2024 11:10:36 PM
name change ho gya he TINEAGROBONUS plz check in demate
42. Deepakbhai Basukiya     Link|August 13, 2024 2:01:26 PM
Jab share rs. 30 ke down par aayega tab listing hoga lagta hai
41. GAUTAM CHOUDHARY     Link|August 13, 2024 1:21:03 PM
When is credit in my Demate Account ?
40. AJAY     Link|August 12, 2024 9:20:37 PM
When is the listing
40.1. anuj     Link|August 13, 2024 7:50:27 AM
kuch pta nhi chal rha. jb dmat me aajye uske baad
39. Prasenjit     Link|August 12, 2024 11:23:32 AM
It is taking long time to listing, Every day, the are creating new drama!
39.1. Paras     Link|August 12, 2024 5:00:04 PM
Any update?
38. Sam master     Link|August 11, 2024 6:17:31 PM
Chor Company he ye to esa lagta he Right Shares bhi late Diya or listing ka bhi koi thikana nahi
38.1. Paras     Link|August 11, 2024 10:44:57 PM
Rights are listed in this way only. Company is not at fault.
37. Sam master     Link|August 11, 2024 6:15:40 PM
Listing kab he any Idea?
36. Kakul     Link|August 9, 2024 4:34:20 PM
Received a mail from RTA today.
35. Prasenjit     Link|August 9, 2024 12:57:41 PM
CDSL credit
34. Parshav     Link|August 9, 2024 10:41:01 AM
When will listing take place
33. Deepakbhai Basukiya     Link|August 8, 2024 11:39:59 PM
I received mail 1st debit and 2nd credit but share not show in zerodha
32. Rohit     Link|August 8, 2024 8:58:39 PM
Yes guys cdsl credited stock of spright agro right issue.

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