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Suraj Industries Ltd. Rights Issue (Suraj Industries Rights Issue 2024) Detail

July 22, 2024 - August 5, 2024
Suraj Industries Ltd. Logo

Founded in 1992, Suraj Industries Limited is involved in trading edible oils such as Palm Oil, Soybean Oil, Rice flakes, Malt, and Empty Glass bottles. Additionally, the company processes and bottles liquor.

The company has two main business lines:

  1. Trading edible oils and products like palm oil, soybean oil, rice flakes, malt, and empty glass bottles, and
  2. Processing and bottling Rajasthan Made Liquor (RML) for Rajasthan State Ganganagar Sugar Mills Limited (RSGSM)

The company's liquor processing and bottling unit is at Rajasthan State Ganganagar Sugar Mills Ltd in Ajmer.

As of September 2023, the Company has a workforce of 36 employees in various departments.

Suraj Industries Rights Issue 2024 Detail

Issue Open July 22, 2024 - August 5, 2024
Security Name Suraj Industries Ltd.
Issue Size (Shares) 2,997,375
Issue Size (Amount) ₹19.48 Crores
Issue Price ₹65 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The Issue Price of Rs. 65 per Rights Equity Share shall be payable in 2 equal tranches, i.e. Rs. 32.50 at the time of Application and balance Rs. 32.50 at the time of one or more subsequent call(s) as may be decided by the Board/ Rights Issue Committee of the Board from time to time

Entitlement 7 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date

Suraj Industries Rights Issue 2024 Issue Timetable

Last Date to buy sharesJuly 9, 2024
Record Date July 10, 2024
Credit of Rights Entitlements
Bid/Offer Opens On July 22, 2024
Renunciation of Rights Entitlements July 30, 2024
Bid/Offer Closes On August 5, 2024
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Suraj Industries Ltd. Financial Information (Restated Consolidated)

Suraj Industries Ltd.'s revenue increased by 65.25% and profit after tax (PAT) rose by 142.19% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets103.7526.807.72
Revenue68.2241.297.04
Profit After Tax7.443.070.37
Net Worth38.814.550.83
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the proceeds of the Rights Issue towards the following objects:

  1. Repayment/prepayment in full or part, of certain unsecured loans availed by the Company.
  2. Grant of loan to our Subsidiary, M/s. Carya Chemicals & Fertilizers Private Limited.
  3. General Corporate Purposes.

Suraj Industries Rights Issue 2024 Documents

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Company Contact Information

Suraj Industries Ltd.
Plot No. 2, Phase III
Sansarpur Terrace
Distt. Kangra- 173212

Phone: 01970-256414
Email: info@ptcil.com
Website: https://www.surajindustries.org/

Suraj Industries 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

Suraj Industries Rights Issue 2024 Lead Manager(s)

Find Suraj Industries Rights Issue 2024 Latest Update

Suraj Industries Rights Issue 2024 FAQs

The Suraj Industries Rights Issue 2024 opens on July 22, 2024, and closes on August 5, 2024.

Suraj Industries Rights Issue 2024 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsJuly 30, 2024
Issue Opening DateJuly 22, 2024
Issue Closing DateAugust 5, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

Suraj Industries Rights Issue 2024 price is set at ₹65 per share per equity share.

The eligible shareholders are being offered 7 Rights Equity Share(s) for every 30 fully paid-up Equity Shares held on Record Date (July 10, 2024).

The record date for the Suraj Industries Rights Issue 2024 is July 10, 2024.

The issue size of Suraj Industries Rights Issue 2024 is of 2,997,375 equity shares at ₹65 per share aggregating upto ₹19.48 Crores.

The Letter of Offer for Suraj Industries Rights Issue 2024 can be download here.

You can apply for Suraj Industries Rights Issue 2024 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Suraj Industries 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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