Shiva Cement Ltd. Right Issue

₹400.00 Cr BSE 22 Apr 2024 – 6 May 2024

Closed Ratio: 20 : 39 BSE
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Issue Price
₹40.00
Face Value
₹2.00
Issue Size (Shares)
100,000,000
Issue Size (₹ Cr.)
₹400.00
📅 Right Issue Timetable
Last Date to Buy SharesTue, Apr 2, 2024
Record DateWed, Apr 3, 2024
Credit of Rights EntitlementsFri, Apr 19, 2024
Bid/Offer Opens OnMon, Apr 22, 2024
Issue Open DateMon, Apr 22, 2024
Renunciation Last DateTue, Apr 30, 2024
Bid/Offer Closes OnMon, May 6, 2024
Issue Close DateMon, May 6, 2024
Deemed Date of AllotmentFri, May 10, 2024
Credit DateTue, May 14, 2024
Listing DateMon, May 20, 2024
📋 Right Issue Details
Issue Size (Shares)100,000,000
Issue Size (Amount)₹400.00 Cr.
Issue Price₹40.00 per share
Face Value₹2.00 per share
Entitlement Ratio20 : 39
Listing AtBSE
Terms of PaymentThe full amount of Rs. 40 is payable on the application
📊 Company Financials (Restated)
Period Ended2023-03-312022-03-31FY I
Income3.477.27
EBITDA
Net Worth
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment or prepayment, in full or in part, of certain borrowings availed by the company; and
2General corporate purposes.
🏢 About the Company
Shiva Cement Limited was incorporated in 1985 and is engaged in the manufacture of clinker and trading of other related products.

The company's manufacturing facility is located near the geographical boundary of three eastern states of India, namely Odisha, Chhattisgarh and Jharkhand. The company's clinker production plant has a capacity of 4,000 TPD (equivalent to 1.32 MTPA), a waste heat recovery system with a capacity of 8.9 MW and its own 132KV power line. The company is also in the process of setting up a crushing plant for 4 MTPA of limestone at its mines in Khatkurbahal, Odisha.

As on June 30, 2023, the company employed 225 permanent employees.
📞 Company Contact
CompanyShiva Cement Ltd.
AddressVillage Telighana,
Birangatoli,
Kutra, Sundargarh – 770 018
Sundargarh, Odisha, 770018
Phone+91 661 246 1300
Emailcs@shivacement.com
WebsiteVisit ↗
📝 Registrar
NameKfin Technologies Ltd.
Phone040-79615565
Emailscl.rights@kfintech.com
WebsiteVisit ↗