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Sru Steels Ltd Rights Issue (Sru Steels Rights Issue 2024) Detail

September 9, 2024 - September 24, 2024
Sru Steels Ltd Logo

Founded in 1995, Sru Steels Limited manufactures various steel products, including stainless steel, mild steel, steel coils, sheets, and carbon iron steel.

The company's product portfolio includes Aluminum Bars, Rods, and profiles, Aluminum Powder, Aluminum Scrap, Ammonium Molybdenum, G.I. Pipe, Graphite products, and M.S. Pipe and Sheet, among others.

The company serves the corporate and other clients from fabrication and manufacturing industry.

The company also supplies Epoxy Floor Coating, Industrial Epoxy Floor Coating, Epoxy Floor Coating Marine, PU Floor Coating, Epoxy Coating, Epoxy Primer, Epoxy High Build Coating, and Epoxy Heat Resistance Coating.

SRU Steels Limited specializes in trading and wholesaling steel and iron products, focusing on infrastructure and housing. projects in India.

Sru Steels Rights Issue 2024 Detail

Issue Open September 9, 2024 - September 24, 2024
Security Name Sru Steels Ltd
Issue Size (Shares) 47,951,400
Issue Size (Amount) ₹47.95 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

All Money Payable at the time of Application.

Entitlement 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Sru Steels Rights Issue 2024 Issue Timetable

Last Date to buy sharesAugust 29, 2024
Record Date August 31, 2024
Credit of Rights Entitlements September 6, 2024
Bid/Offer Opens On September 9, 2024
Renunciation of Rights Entitlements September 18, 2024
Bid/Offer Closes On September 24, 2024
Deemed Date of Allotment September 28, 2024
Credit Date October 1, 2024
Listing Date October 3, 2024

Company Financials

Sru Steels Ltd Financial Information (Restated)

Sru Steels Ltd's revenue increased by 10% and profit after tax (PAT) dropped by -54% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets19.817.617.97
Revenue18.3216.7215.0527.08
Profit After Tax0.320.70.230.21
Net Worth13.7313.2912.6712.44
Total Borrowing0.550.4
Amount in ₹ Crore

Sru Steels Rights Issue 2024 Subscription Status

Sru Steels Rights Issue 2024 got oversubscribed by 1.31 times by the end of the bidding period with total bid quantity received by BSE of 62,887,507 shares.

Sru Steels Rights Issue 2024 Documents

Sru Steels Rights Issue 2024 Rating

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Sru Steels Rights Issue 2024 Reviews

Company Contact Information

Sru Steels Ltd
107/22, Gali No 3
East, Azad Nagar
Delhi-110051

Phone: 919926620020
Email: srusteels@yahoo.in
Website: http://srusteels.in/

Sru Steels Rights Issue 2024 Registrar

  1. Beetal Financial & Computer Services (P) Limited
    Phone: +91 11 29961281
    Email: beetal@beetalfinancial.com
    Website: http://www.beetalmail.com/smeipo

Sru Steels Rights Issue 2024 Lead Manager(s)

Sru Steels Rights Issue 2024 FAQs

The Sru Steels Rights Issue 2024 opens on September 9, 2024, and closes on September 24, 2024.

Sru Steels Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 6, 2024
Last Date for renunciation of Rights EntitlementsSeptember 18, 2024
Issue Opening DateSeptember 9, 2024
Issue Closing DateSeptember 24, 2024
Date of Allotment (on or about)September 28, 2024
Date of Credit (on or about)October 1, 2024
Date of Listing (on or about)October 3, 2024

Sru Steels Rights Issue 2024 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (August 31, 2024).

The record date for the Sru Steels Rights Issue 2024 is August 31, 2024.

The issue size of Sru Steels Rights Issue 2024 is of 47,951,400 equity shares at ₹10 per share aggregating upto ₹47.95 Crores.

The Letter of Offer for Sru Steels Rights Issue 2024 can be download here.

You can apply for Sru Steels Rights Issue 2024 in two ways:

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

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

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

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