Suraj Industries Ltd Right Issue

₹19.48 Cr BSE 22 Jul 2024 – 5 Aug 2024

Closed Ratio: 7 : 30 BSE
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Issue Price
₹65.00
Face Value
₹10.00
Issue Size (Shares)
2,997,375
Issue Size (₹ Cr.)
₹19.48
📅 Right Issue Timetable
Last Date to Buy SharesTue, Jul 9, 2024
Record DateWed, Jul 10, 2024
Credit of Rights EntitlementsTue, Jul 16, 2024
Bid/Offer Opens OnMon, Jul 22, 2024
Issue Open DateMon, Jul 22, 2024
Renunciation Last DateTue, Jul 30, 2024
Bid/Offer Closes OnMon, Aug 5, 2024
Issue Close DateMon, Aug 5, 2024
Deemed Date of AllotmentFri, Aug 9, 2024
Credit DateFri, Aug 16, 2024
Listing DateMon, Aug 19, 2024
📋 Right Issue Details
Issue Size (Shares)2,997,375
Issue Size (Amount)₹19.48 Cr.
Issue Price₹65.00 per share
Face Value₹10.00 per share
Entitlement Ratio7 : 30
Listing AtBSE
Terms of PaymentThe 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
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income51.7768.2241.29
EBITDA
Net Worth4.5538.814.55
Reserves & Surplus30.8923.87-4.99

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Repayment/prepayment in full or part, of certain unsecured loans availed by the Company.
2Grant of loan to our Subsidiary, M/s. Carya Chemicals & Fertilizers Private Limited.
3General Corporate Purposes.
🏢 About the Company
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:

Trading edible oils and products like palm oil, soybean oil, rice flakes, malt, and empty glass bottles, and
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.
📞 Company Contact
CompanySuraj Industries Ltd
AddressPlot No. 2, Phase III
Sansarpur Terrace
Distt. Kangra- 173212
Kangra, Himachal Pradesh, 173212
Phone01970-256414
Emailinfo@ptcil.com
WebsiteVisit ↗
📝 Registrar
NameBeetal Financial & Computer Services Pvt.Ltd.
Phone011-42959000/42959009
Emailbeetal@beetalfinancial.com
WebsiteVisit ↗