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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.
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 |
Last Date to buy shares | June 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 |
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Revenue | 72.59 | 7.70 | 11.27 |
Profit After Tax | 11.62 | 0.01 | 0.01 |
Amount in ₹ Crore |
The Company proposes to utilize the net proceeds from the issue towards funding the following objects:
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 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/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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 Entitlements | June 21, 2024 |
Last Date for renunciation of Rights Entitlements | July 16, 2024 |
Issue Opening Date | June 24, 2024 |
Issue Closing Date | July 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:
Steps to apply for Spright Agro Rights Issue 2024 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 Spright Agro Rights Issue 2024 using Registrar's website (R-WAP)
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