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Incorporated in 1993, Syschem (India) Limited is engaged in the manufacturing of Bulk Drugs, Intermediates, Specialty Chemicals, and contract manufacturing.
The company's product portfolio includes Amoxycillin Trihydrate, Ampicillin Trihydrate, Cloxacillin Sodium, Dicloxacillin Sodium, Flucloxacillin Sodium, Oxacillin Sodium, Cefalexin Monohydrate, Cefadroxil Monohydrate, and Cefaclor.
Syschem (India) is among the very few research-driven API manufacturing companies in India that provide customized solutions at a commercial scale. Its clientele comes from domestic as well as International markets.
The company is headquartered in Chandigarh and has Manufacturing facilities located at Kalka, Panchkula (Haryana).
| Issue Open | October 16, 2023 - October 27, 2023 |
| Security Name | Syschem (India) Limited |
| Issue Size (Shares) | 7,972,600 |
| Issue Size (Amount) | ₹31.89 Crores |
| Issue Price | ₹40 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of Rs. 40/- per equity shares is payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | September 28, 2023 |
| Record Date | September 29, 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | October 16, 2023 |
| Renunciation of Rights Entitlements | October 23, 2023 |
| Bid/Offer Closes On | October 27, 2023 |
| Deemed Date of Allotment | November 4, 2023 |
| Credit Date | November 8, 2023 |
| Listing Date | November 13, 2023 |
Syschem (India) Limited's revenue decreased by -54.56% and profit after tax (PAT) dropped by -69.23% between the financial year ending with July 31, 2023 and March 31, 2023.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 93.04 | 92.71 | 59.81 | 77.17 |
| Revenue | 59.36 | 130.63 | 65.76 | 74.67 |
| Profit After Tax | 1.39 | 4.51 | -1.71 | -5.57 |
| Net Worth | 23.69 | 22.30 | 6.94 | 7.12 |
| Reserves and Surplus | ||||
| Total Borrowing | 1.52 | 1.61 | 1.75 | 12.56 |
| Amount in ₹ Crore | ||||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Syschem India Rights Issue 2023 got oversubscribed by 1.48 times by the end of the bidding period with total bid quantity received by BSE of 11,816,309 shares.
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Syschem (India) Limited
Village Bargodam,
Tehsil Kalka
Dist Panchkula - 133302
Phone: 0172-5070471
Email: info@syschem.in
Website: https://www.syschem.in/
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: beetalrta@gmail.com
Website: http://www.beetalmail.com/smeipo
The Syschem India Rights Issue 2023 opens on October 16, 2023, and closes on October 27, 2023.
Syschem India Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | October 23, 2023 |
| Issue Opening Date | October 16, 2023 |
| Issue Closing Date | October 27, 2023 |
| Date of Allotment (on or about) | November 4, 2023 |
| Date of Credit (on or about) | November 8, 2023 |
| Date of Listing (on or about) | November 13, 2023 |
Syschem India Rights Issue 2023 price is set at ₹40 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date (September 29, 2023).
The record date for the Syschem India Rights Issue 2023 is September 29, 2023.
The issue size of Syschem India Rights Issue 2023 is of 7,972,600 equity shares at ₹40 per share aggregating upto ₹31.89 Crores.
The Letter of Offer for Syschem India Rights Issue 2023 can be download here.
You can apply for Syschem India Rights Issue 2023 in two ways:
Steps to apply for Syschem India Rights Issue 2023 using Net Banking (ASBA)
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 Syschem India Rights Issue 2023 using Registrar's website (R-WAP)
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