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The Sandur Manganese & Iron Ores Limited Rights Issue (The Sandur Manganese & Iron Ores Rights Issue 2022) Detail

August 8, 2022 - August 29, 2022
The Sandur Manganese & Iron Ores Limited Logo

The Sandur Manganese & Iron Ores Limited is engaged in Mining (Manganese & Iron Ores), Ferroalloys and Coke & Energy. The company has 2 mining leases located in Sandur, Ballari district of Karnataka. These mining leases have been operated by the Company since its inception in 1954.

The Sandur Manganese & Iron Ores Limited also engages in the processing of Manganese Ores, Iron ores, Ferromanganese, Coke, Silicomanganese and Ferro Silicon.

The Sandur Manganese & Iron Ores Rights Issue 2022 Detail

Issue Open August 8, 2022 - August 29, 2022
Security Name The Sandur Manganese & Iron Ores Limited
Issue Size (Shares) 18,003,882
Issue Size (Amount) ₹18.00 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Investors will have to pay the entire offer price i.e. ₹10/- per Rights Equity Share at the time of Application.

Entitlement 2 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record Date

The Sandur Manganese & Iron Ores Rights Issue 2022 Issue Timetable

Record Date July 27, 2022
Credit of Rights Entitlements August 7, 2022
Bid/Offer Opens On August 8, 2022
Renunciation of Rights Entitlements August 23, 2022
Bid/Offer Closes On August 29, 2022
Deemed Date of Allotment September 7, 2022
Credit Date September 8, 2022
Listing Date September 13, 2022

Company Financials

The Sandur Manganese & Iron Ores Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-211723.87764.36153.931029.51
31-Mar-222701.62283.97675.111695.63
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilise the issue proceeds for the following objects:

  • Investment in the Equity Shares of "Renew Sandur Green Energy Private Limited" (the "Proposed SPV").
  • Issue related expenses.

The Sandur Manganese & Iron Ores Rights Issue 2022 Documents

The Sandur Manganese & Iron Ores Rights Issue 2022 Rating

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The Sandur Manganese & Iron Ores Rights Issue 2022 Reviews

Company Contact Information

The Sandur Manganese & Iron Ores Limited
“SATYALAYA” Door No.266 (Old No.80),
Ward No. 1, Behind Taluk Office,
Sandur – 583 119 Ballari District

Phone: +91 9448497985
Email: investors@sandurgroup.com
Website: https://www.sandurgroup.com/

The Sandur Manganese & Iron Ores Rights Issue 2022 Registrar

  1. Venture Capital And Corporate Investments Pvt Ltd
    Phone: 040-23818475, 23818476, 23868023
    Email: investor.relations@vccipl.com
    Website: https://www.vccipl.com

The Sandur Manganese & Iron Ores Rights Issue 2022 Lead Manager(s)

The Sandur Manganese & Iron Ores Rights Issue 2022 FAQs

The The Sandur Manganese & Iron Ores Rights Issue 2022 opens on August 8, 2022, and closes on August 29, 2022.

The Sandur Manganese & Iron Ores Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsAugust 7, 2022
Last Date for renunciation of Rights EntitlementsAugust 23, 2022
Issue Opening DateAugust 8, 2022
Issue Closing DateAugust 29, 2022
Date of Allotment (on or about)September 7, 2022
Date of Credit (on or about)September 8, 2022
Date of Listing (on or about)September 13, 2022

The Sandur Manganese & Iron Ores Rights Issue 2022 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 2 Rights Equity Shares for every 1 fully paid-up Equity Shares held on the Record Date (July 27, 2022).

The record date for the The Sandur Manganese & Iron Ores Rights Issue 2022 is July 27, 2022.

The issue size of The Sandur Manganese & Iron Ores Rights Issue 2022 is of 18,003,882 equity shares at ₹10 per share aggregating upto ₹18.00 Crores.

The Letter of Offer for The Sandur Manganese & Iron Ores Rights Issue 2022 can be download here.

You can apply for The Sandur Manganese & Iron Ores Rights Issue 2022 in two ways:

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

Steps to apply for The Sandur Manganese & Iron Ores 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 The Sandur Manganese & Iron Ores Rights Issue 2022 available on the list.
  4. Click the Apply button next to the The Sandur Manganese & Iron Ores 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 The Sandur Manganese & Iron Ores Rights Issue 2022 using Registrar's website (R-WAP)

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

40 Comments

20. Rajan Gupta     Link|September 1, 2022 4:04:52 PM
I have applied entitled 4 shares through sbi. When these will be credited as its last date that is 29th August has gone.
19. Kesarimal Oswal   I Like It. 1|  Link|August 19, 2022 5:03:03 PM
Its a first time that right issue can not be applied online easily,Sebi should make it compulsory to apply digitally with their online broker like Zerodha, Upstox,Dhan, Angel one etc.then why company have provided renunciation facility for market.There should be uniform draft for IPO, Right Issue application.
19.1. चंद्र् प्रकाश सुथार     Link|August 21, 2022 1:47:45 AM
मैं इस स्टोक में कैसे अप्लाई कर सकता सकता हूं
18. aman     Link|August 18, 2022 12:55:26 PM
in netbanking it asking for shareholder type like sha, sha1, sha2, sha3, sha4. which one to choose can anyone help?
17. Tej     Link|August 17, 2022 9:20:36 AM
I have 18 rights issues in zerodha,I would like to apply in online through ASBA,Can someone please share me the link where to apply
16. Meet patel     Link|August 16, 2022 10:53:09 PM
How many quantity I can apply in this share?
15. Amit Surana     Link|August 11, 2022 4:48:03 PM
I have two demat account... and in both i have sandur..
i received two right issue application form from RTA via email with two different CAF.
But now BOB doesnt allow to make another application.. showing already applied with the Client ID./ PAN

DP ID and CAF is different.. still it is now allowing...
15.1. Ashish Shah   I Like It. 1|  Link|August 14, 2022 10:20:53 AM
Sell any one right entertainment through your broker and buy again in your other dp and then apply
14. Vara     Link|August 12, 2022 10:39:56 AM
I hold my demat account in Angel one, they mentioned that I cannot apply for the RE in Online. This Sanduma is only available to apply offline mode. Can u pls suggest if it is the case ? I have my account in axis Bank, I could see the SANDUMA in Investment section but unable to proceed to pay.

Pls suggest, thanks in advance.
13. himanshu lahir     Link|August 10, 2022 12:59:21 PM
R-wap facility not found anywhere on Registrar website. How do we apply?
13.2. Amit Surana     Link|August 11, 2022 4:42:45 PM
check IPO section from Netbanking...
it should have the option to apply for Right Issue too...

even i could not find the option to apply from RTA portal...
(seems like RTA is not updated yet )
13.3. gaurav     Link|August 11, 2022 11:29:50 PM
NO R-wap link in companies website too.. plz share the webpage or link or R_wap here if possible
12. Nishit     Link|August 10, 2022 3:33:36 PM
I had 5 shares of Sandur manganese in my demat & I received REs for 10 shares.
My question is what happens if I apply for 50 shares through ASBA ?

or should I apply only 10 ?
12.1. Mehul     Link|August 10, 2022 11:41:37 PM
You can apply for additional shares if you wish. These shares will be considered for extra allotment in case of undersubscription
11. manish     Link|August 9, 2022 4:24:55 PM
How ICICI Direct.com customeE CAN APPLY ONLINE.
No online facility available
10. Noel     Link|August 9, 2022 2:33:42 PM
Can I apply for rights Sandur manganese using my ICICI account on line if so how!!!
9. Prema R Hande     Link|August 9, 2022 1:16:50 PM
Step 5 & 6 of R-Wap facility is not found at Registrars web site . Please get it updated.
8. Rajesh     Link|August 9, 2022 11:46:07 AM
Hello All,

Can any help me how to apply the Right issue through ICICI Direct, because I not able to any option.

Thanks
Rajesh
7. Bahubali     Link|August 8, 2022 3:11:24 PM
Sandur Mangenese & Iron Ore - Rights Issue - SBI has not facilitated for applying this Rights issue under ASBA through its Net Banking. How can I apply, which is the alternative means to apply this Rights Issue, please
7.1. surendiran     Link|August 8, 2022 5:02:11 PM
SBI allowing now
6. A G PUJARI     Link|August 8, 2022 11:00:26 AM
Sandur Mangenese & Iron Ore - Rights Issue - SBI has not facilitated for applying this Rights issue under ASBA through its Net Banking. What is the alternative means to apply this Rights Issue please ?
5. Sahil vasa     Link|August 5, 2022 11:16:10 AM
How to get RE into my demat account of zerodha, i cant find them visible. i got msg and email that i have got RE in CDSl account.
5.1. Pritam Rathi     Link|August 8, 2022 10:51:17 AM
How do I apply for a rights issue at Zerodha?
In a rights issue, a company gives you the right to apply for additional shares based on the number of shares already held by you. The company may issue these shares either to fund a new project, reduce debt, or restructure its equity capital base. The Rights Issue shares will be available at a discount to the market price, almost like an open privilege to all the shareholders of the stock.

Eligible shareholders will receive the rights entitlement (RE) in their demat accounts before the rights issue opens. These REs are not rights shares by themselves and need to be used to apply for the rights shares. The REs will be in the form of temporary demat securities which will lapse if you do not use them to apply for the rights or sell them.

The process of applying for a rights issue is through ASBA (Applications Supported by Blocked Amount). If your bank supports it, you can apply online just like an IPO.

If not then you would have received a courier of the Composite Application Form (CAF) from RTA (Registrar and Transfer Agent) of the company. You will have to fill the form and submit it at a Self Certified Syndicate Banks (SCSBs) branch.

Due to the COVID situation, SEBI has temporarily allowed the Registrar & Transfer Agents of a company to collect rights applications online through their web portal. You can check your company's website to find the RTA and their contact details.

The details of the Rights issue will be mentioned in the form which primarily includes the Rights Issue ratio and the Book closure date.

The details to be filled are:

*Cheque/DD details (non ASBA)
Select NSDL - if your DP starts with IN. Select CDSL if the DP ID is completely numeric.
Your PAN number. If you have a joint account then fill in the PAN..........
4. Nipun     Link|August 4, 2022 2:18:28 PM
Share is at Face value for 2 shares you need to pay just Rs.20/-
3. Chinnapa KW     Link|August 3, 2022 9:10:43 AM
One of best stocks I hold in my portfolio. And Rights at par ! I salute you.
2. masoom     Link|August 2, 2022 11:10:19 AM
how to buy or sell the rights for sandur manganese
1. Amit Surana     Link|July 27, 2022 6:07:54 PM
ONE OF THE BEST STOCK FOR INVESTMENT.. DONT MISS THIS RIGHT ISSUE
1.1. Dilip Deshmukh     Link|July 31, 2022 11:55:26 AM
It is not clear how much application money is to be paid through ASBA for right issue.
My entitlement is 2 shares sinc I hold only 1 share of Sandur manganese on the record date
Deshmukh Surekha

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