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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

11. Manish     Link|August 1, 2024 10:52:00 AM
|August 1, 2024 1:01:12 AM
Amount debited on 29th July 2024 against allotment of rights issue but demat transfer not initiated yet till 31st July 2024. Any clue when it will be credited in our portfolio. Plz reply asap.manish
10. Roshan     Link|August 1, 2024 10:37:15 AM
Hi

Amount deducted but still not yet credited to my account. When it's going to Credit any idea
9. Sanjay Kumar Jain     Link|August 1, 2024 2:01:12 AM
Amount debited on 29th July 2024 against allotment of rights issue but demat transfer not initiated yet till 31st July 2024. Any clue when it will be credited in our portfolio. Plz reply asap. Thx & Regards, Sanjay Kumar Jain
8. rahul jain     Link|July 31, 2024 9:40:48 PM
Amount debited from my bank but no shares allotted
7. V Ramu     Link|July 31, 2024 9:35:17 PM
We have applied through SBI ASBA. Still money was not deducted. But other bank asba amount was debited. What is the issue for SBI ASBA
6. Syed sajjad     Link|July 31, 2024 10:47:34 AM
Today is 31 and shares will not credited even money is not debited from bank.
What happen .
6.2. Kumar     Link|July 31, 2024 5:14:35 PM
No email from registrar for the allotment.. ? anybody received the confirmation on allotment ?
6.3. Kakul Jain     Link|July 31, 2024 5:16:35 PM
No mail received from registrar. Infact they aren’t even reachable
5. Kakul Jain     Link|July 31, 2024 2:04:34 PM
Today is 31st, amount is deducted but shares have not been credited. RTA is not reachable
4. Rizwan     Link|July 27, 2024 9:54:05 AM
What is the expected date of allotment and when we will know the date
4.1. Prachi @ Team Chittorgarh.com     Link|July 29, 2024 8:09:48 PM
Greetings,

The date of Allotment is July 18, 2024, and the Date of credit (on or about) is July 30, 2024.
Updated the same.

Thanks for the feedback.
4.2. Rizwan     Link|July 31, 2024 11:11:46 AM
Money debited, shares allotted but not showing up in listing , when it will show up?
3. Vissamsetti Manohar     Link|July 30, 2024 10:27:20 AM
Today is July 30th. Till not credited to my dmat account
3.1. Syed sajjad     Link|July 31, 2024 10:51:34 AM
Aapka payment deduct hua share credit hue?
2. Jyoti n     Link|July 29, 2024 11:14:19 PM
When will shares credited
1. V Ramu     Link|July 26, 2024 7:19:43 PM
When will be allotment

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