Sparc Electrex Limited Right Issue

₹27.87 Cr BSE 14 Mar 2023 – 12 Apr 2023

Closed Ratio: 3 : 1 BSE
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Issue Price
₹19.00
Face Value
₹10.00
Issue Size (Shares)
14,667,000
Issue Size (₹ Cr.)
₹27.87
📅 Right Issue Timetable
Last Date to Buy SharesMon, Feb 27, 2023
Record DateTue, Feb 28, 2023
Credit of Rights EntitlementsThu, Mar 9, 2023
Bid/Offer Opens OnTue, Mar 14, 2023
Issue Open DateTue, Mar 14, 2023
Renunciation Last DateThu, Apr 6, 2023
Bid/Offer Closes OnWed, Apr 12, 2023
Issue Close DateWed, Apr 12, 2023
Deemed Date of AllotmentFri, Apr 21, 2023
Credit DateThu, Apr 27, 2023
Listing DateWed, May 3, 2023
📋 Right Issue Details
Issue Size (Shares)14,667,000
Issue Size (Amount)₹27.87 Cr.
Issue Price₹19.00 per share
Face Value₹10.00 per share
Entitlement Ratio3 : 1
Listing AtBSE
Terms of Payment₹4.75 per share payable on application, with the balance payable in call(s).
📊 Company Financials (Restated)
Period Ended2022-03-312021-03-312020-03-31
Income15.070.050.09
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🏢 About the Company
Incorporated in 1989, Sparc Electrex Limited is engaged in the manufacturing, import, export, trading, and dealing of various kinds of Garden Tools, Power Tools, Cordless Tools, Hand Tools, Machinery, Spares & Accessories. It also trades in Prime Steel Products, Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, Mild & Stainless Steel, and all kinds of Metals.

The products range of the company is spread across:

POWER TOOLS - Portable Electric Power Tools, Garden Tools, Pneumatic Tools, Cordless Tools, Wood Working Tools
METALS AND STEEL PRODUCTS - Prime Steel Products, Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, Mild & Stainless Steel
Sparc Electrex Limited is led by a strong team of highly skilled and experienced management group. The company has wide experience in the field.

Earlier the company was engaged in the business of Video Security Systems and Electronic Document Storage Systems. The same was discontinued after the takeover in October. Since then, Sparc diversified its operations in new fields.

One of the key strengths of the company is its wide range of products to offer to the customers. There are inbuilt quality assurance systems to ensure highest quality products are served to the end users.
📞 Company Contact
CompanySparc Electrex Limited
Address1202, 12th Floor, Esperanza Building,
Next to Bank of Baroda, 198, Linking Road,
Bandra (West), Mumbai – 400050
Bandra, Maharashtra, 400050
Phone+91-9819001811
Emailsparcelectrex@gmail.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailsparcelectrex.rights@linkintime.co.in
WebsiteVisit ↗