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Suditi Industries Limited Rights Issue (Suditi Industries Rights Issue 2022) Detail

September 15, 2022 - September 21, 2022
Suditi Industries Limited Logo

Incorporated in 1991, Suditi Industries Limited is in the business of manufacturing fabrics and has over the years developed into a comprehensive ecosystem covering knitting, dyeing, printing, finishing and garments.

The company has three manufacturing facilities two of which are located at MIDC, TTC Industrial Area, Village, Turbhe, Navi Mumbai in the state of Maharashtra and the third at Vapi in District Valsad in the state of Gujarat.

The main objective of the company is to manufacture, buy, sell, import and export readymade garments made out of woven, knitted, felted, netted, looped or flocked fabrics made of all kinds of fibre whether natural, synthetic or man‐made and to carry on the business of manufactures, importers and exporters, wholesale and retail dealers of and in hosiery goods of every kind, nature and description for men, women and children including vests, underwear, socks, stockings, sweaters and laces.

Suditi Industries Rights Issue 2022 Detail

Issue Open September 15, 2022 - September 21, 2022
Security Name Suditi Industries Limited
Issue Size (Shares) 9,752,290
Issue Size (Amount) ₹29.26 Crores
Issue Price ₹30 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment The full amount of Rs 30 per share has to be paid at the time of Application.
Entitlement 5 Equity Shares for every 9 Equity Shares held on the Record Date

Suditi Industries Rights Issue 2022 Issue Timetable

Record Date September 6, 2022
Credit of Rights Entitlements September 8, 2022
Bid/Offer Opens On September 15, 2022
Renunciation of Rights Entitlements September 16, 2022
Bid/Offer Closes On September 21, 2022
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Suditi Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-19109.47112.363.3
31-Mar-20119.4595.52-1.73
31-Mar-21102.1850.44-17.45
Amount in ₹ Crore

Objects of the Issue:

The Objects of the Issue are :

1. Augmentation of existing and incremental Working Capital requirement of the Company.

2. Part repayment or prepayment of Unsecured Loans/Inter Corporate Deposits availed by the Company from the Promoter and Promoter group companies forming part of Promoter Group.

3. Part repayment/pre‐payment of certain secured loans availed from lenders.

4. General Corporate purposes.

5. Issue related expenses.

Suditi Industries Rights Issue 2022 Documents

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Company Contact Information

Suditi Industries Limited
C‐253/254, MIDC,
TTC Industrial Area, Pawne Village,
Turbhe, Navi Mumbai – 400705,

Phone: +9122‐67368600
Email: rights.issue@suditi.in1
Website: https://suditi.in/

Suditi Industries Rights Issue 2022 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: suditi.rights@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Suditi Industries Rights Issue 2022 Lead Manager(s)

Suditi Industries Rights Issue 2022 FAQs

The Suditi Industries Rights Issue 2022 opens on September 15, 2022, and closes on September 21, 2022.

Suditi Industries Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsSeptember 8, 2022
Last Date for renunciation of Rights EntitlementsSeptember 16, 2022
Issue Opening DateSeptember 15, 2022
Issue Closing DateSeptember 21, 2022
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

Suditi Industries Rights Issue 2022 price is set at ₹30 per share per equity share.

The eligible shareholders are being offered 5 Equity Shares for every 9 Equity Shares held on the Record Date (September 6, 2022).

The record date for the Suditi Industries Rights Issue 2022 is September 6, 2022.

The issue size of Suditi Industries Rights Issue 2022 is of 9,752,290 equity shares at ₹30 per share aggregating upto ₹29.26 Crores.

The Letter of Offer for Suditi Industries Rights Issue 2022 can be download here.

You can apply for Suditi Industries Rights Issue 2022 in two ways:

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

Steps to apply for Suditi Industries Rights Issue 2022 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 Suditi Industries Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Suditi Industries Rights Issue 2022.
  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 Suditi Industries Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Suditi Industries Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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