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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

31. V Ramu     Link|August 5, 2024 7:17:53 PM
My amount still holding in SBI. Any body same issue
31.2. Kanchan     Link|August 7, 2024 9:12:42 PM
My amount is debited from sbi asba but share not credited yet..
31.3. Ankit     Link|August 8, 2024 7:55:18 PM
Which broker is your demat with?
30. Deepakbhai Basukiya     Link|August 8, 2024 4:01:07 PM
Re share not credit yet..
30.1. Share Fair     Link|August 8, 2024 6:44:40 PM
credited
29. Vissamsetti Manohar     Link|August 8, 2024 6:43:22 PM
CDSL:CREDITED IN A/C *--------- SHARES OF SPRIGHT AGRO LIMITED (PENDING LISTING)TOWARDS RIGHTS ON 08/08/2024.WATCH OUT FOR LISTING DATE. (Just now received the massage)
28. Kakul     Link|August 8, 2024 6:36:13 PM
Credited today, listing awaited
27. Jain parshavkumar     Link|August 7, 2024 1:03:55 AM
I had purchased from open markey rights on skyline website not showing no records found anyone else having these issue
27.1. Kakul     Link|August 7, 2024 7:23:30 PM
Yes
26. Nilesh     Link|August 6, 2024 11:03:10 AM
Jinhe bhi share credit ho jaye msg kre
26.1. SK CHURIWALA     Link|August 7, 2024 7:13:29 PM
I HAVE NOT RECEIVED SHARES IN DEMAT A/C BUT AMOUNT HAS BEEN DEDUDTED FROM MY BANK BEFORE 10 DAYS
25. Suradhayaksha     Link|August 7, 2024 1:14:27 AM
The skyline website is showing that allotment is done and that too fully.
RE are still appearing in my demat.
But I cannot see the shares in my demat.
I am not sure what is the issue.
SEBI should look into the matter and resolve
24. Rakesh Jain     Link|August 5, 2024 12:55:52 PM
Skyline financial site showing details of allotment. I think full allotment is made
24.1. Kakul     Link|August 6, 2024 10:33:33 AM
Did you buy RE shares or were holding Spright Agro shares?
23. Rakesh Jain     Link|August 5, 2024 1:04:17 PM
Additional Total Shares Shares Allotted Allotment Credit Dispatch
Shares Applied date date       date Applied       
13300 13400 13400 2024-07-29      --      --
                                          
22. DIPESH     Link|August 5, 2024 11:53:27 AM
today i have called to Skyline Financial & they told that they have no exact information, but shares will credit in demat any time in this week.
21. Kakul     Link|August 2, 2024 9:27:54 PM
Another day passed but no intimation received. Should we raise a complaint?
21.1. Rohit     Link|August 2, 2024 10:31:40 PM
Today when I contact with my brocker. They say me right issue share come in dmat after 10-15 day.
20. Rohit     Link|August 2, 2024 9:54:39 PM
I am apply 50000 qty in spright agro right issue. Bank deduct right issue amount on 29 July. But right issue share not allowed by registrar.
19. V Ramu     Link|August 2, 2024 9:24:09 AM
Who has applied through SBI ASBA money debited or not? Please reply.
19.1. Syed sajjad     Link|August 2, 2024 11:07:16 AM
No please complaint.

Shares credit or not?
19.2. NEN     Link|August 2, 2024 3:30:40 PM
amount debit on 01/08/2024 and share not credit in my dement account
18. Parshav     Link|August 2, 2024 2:03:57 PM
Call on company no available on companys website
17. jignesh kukadiya     Link|August 1, 2024 7:31:13 PM
aa sher khata ma kayare aavse
17.1. Sam master     Link|August 1, 2024 11:57:36 PM
Shares aavse to pan vechase kya roj 1 2 crore shares no seller aavse
16. Abhishek     Link|August 1, 2024 9:00:42 PM
Hello Friends, I bought Sprights RE and bought 1000 shares @ Rs20 apiece and then applied for 1000 shares via rights issue through ASBA. So I would just like your confirmation/opinion that I will also be getting the credit of shares na?
16.1. Sam master     Link|August 1, 2024 11:55:15 PM
Yes
15. jignesh kukadiya     Link|August 1, 2024 7:29:42 PM
aa khata me sher kae tarike aavse
14. Syed sajjad     Link|August 1, 2024 9:33:06 AM
Rights shares credited or not? Please inform friends .

Sbi Asba deducted or not?
14.1. Kakul     Link|August 1, 2024 1:20:43 PM
No
14.2. V Ramu     Link|August 1, 2024 7:05:52 PM
Same issue 4 SBI ASBA accounts
13. Roshan     Link|August 1, 2024 5:44:04 PM
Did anyone get credited shares in account
12. Raj Kumar Sood     Link|August 1, 2024 11:46:18 AM
Money yet continued blocked by ASBA. Neither money claimed nor allotment made till todate. What is the problem with the Right issue allotment?

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