Sikko Industries Rights Issue 2024 Offer Details
| Sikko Industries Rights Issue Date: | 23 to 7 January 2024 |
| Rights Issue Size (in INR): | Approx ₹4.94 Crores |
| Rights Issue Size (in Shares): | 5,04,000 Equity Share |
| Issue Price: | ₹98 Per Equity Share |
| Face Value: | ₹10 Per Equity Share |
| Listing on: | NSE |
| BSE Code: | 42446 |
| NSE Code: | Book Built Issue |
| Issue Entitlement Ratio: | 3:10 (3 rights share for every 10 shares held on record date) |
| Payment Terms | Fully payable at the time of application |
| Employee Discount: | ₹[.] per share |
Sikko Industries Rights Issue 2024 Offer Documents
| Letter of Offer: | Click Here |
| Application Form: | Click Here |
| Live Share Price | Click Here |
Sikko Industries Rights Issue 2024 Dates | Time Table
| Last Date to buy shares: | 30 November 2024 |
| Rights Issue Record Date: | 6 December 2024 |
| Credit of Rights Entitlements: | 12 December 2024 |
| Issue Offer Opens On: | 23 December 2024 |
| Renunciation of Rights Entitlements: | 2 January 2025 |
| Issue Offer Closes On: | 7 January 2025 |
| Basis of Allotment Date: | 17 January 2025 |
| Credit Date: | 21 January 2025 |
| Listing Date: | 22 January 2025 |
Sikko Industries Rights Issue Calculation
| Rights Issue Price: | ₹98 per share |
| Market Price on Rights Issue Approval: | ₹96.28 per share |
| Dilution Factor (X): | 1.3 |
| Fair Value After Dilution at Prevailing Price: | ₹96.68 per share |
How to Apply for Sikko Industries Rights Issue
- Net Banking (ASBA Method)
- Registrar’s Website (R-WAP)
About Sikko Industries
Sikko Industries Limited established in 1997, is one of the expanding businesses that manufacture and supply Growth Promoter supplements to the agriculture industry. Numerous agrochemical formulations, including insecticides, fungicides, herbicides, weedicides, plant growth promoters, fertilizers, seeds, sticking adjuvants, and animal repellents are some of the products the company portfolio consists of. The organization is made up of highly skilled experts who are always working toward the goal of creating innovative goods and services that help farmers cultivate safe, high-quality crops. Sikko Industries has a history of updating two to three new products each year in the hopes of providing innovative features and other benefits. UAE, Zambia, Libia, Egypt, Nepal, Bangladesh, Tanzania, Uganda, Togo, Indonesia, Sri Lanka, Yaman, Malavi, Ivory Coast, and Kenya are some of the countries Sikko Industries export their products and focuses on growing their businesses worldwide. In the financial year ending March 31, 2024, Sikko Industries Limited’s revenue increased by 30% and profit after tax (PAT) increased by 41%.
Objects of the Rights Issue
- Capital expenditure for purchase of Land, Building Construction and fabrication and Plant & Machineries
- To meet General corporate purposes
- Offer Related Expenses
Sikko Industries Company Financial Report
₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2022 | ₹51.24 | ₹48.63 | ₹1.18 |
| 2023 | ₹49.93 | ₹45.87 | ₹2.89 |
| 2024 | ₹64.71 | ₹58.65 | ₹4.06 |
Sikko Industries Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Sikko Industries Rights Issue Lead Manager
- To Be Updated Soon
Sikko Industries Rights Issue allotment status check on Purva Sharegistry India Pvt Ltd website – Click Here
Promoters of Sikko Industries
- Mr. Ghanshyambhai Kumbhani
- Mr. Jayantibhai Kumbhani
Company Address
Sikko Industries Ltd.
508, Iscon Eligance,
Nr. Jain Temple Nr. Prahladnagar Pick up Stand,
Vejalpur, Ahmedabad 380051
Phone: +917966168950
Email: compliance@sikkoindia.com
Website: https://sikkoindia.in/