Sadhana Nitrochem Rights Issue 2024: Everything You Need to Know

Introduction

Sadhana Nitrochem Limited, a leading manufacturer of specialty chemicals, is offering a rights issue to its shareholders in 2024. This rights issue aims to raise funds for the company's expansion and growth plans. In this comprehensive guide, we will provide all the details you need to know about the Sadhana Nitrochem rights issue, including the issue date, price, allotment ratio, and more.

Issue Date and Timeline

The Sadhana Nitrochem rights issue is scheduled to open on March 13, 2024, and close on March 27, 2024. The company will announce the record date for the rights issue soon. Shareholders who are registered as of the record date will be eligible to participate in the rights issue.

Issue Price

The issue price for the Sadhana Nitrochem rights issue has been set at Rs. 60 per share, including a premium of Rs. 50 per share. The face value of the shares is Rs. 10 per share.

Rights Entitlement Ratio

The rights entitlement ratio for the Sadhana Nitrochem rights issue is 1:1. This means that for every one share held, shareholders will be entitled to subscribe to one additional share.

Allotment Process

The allotment of shares in the Sadhana Nitrochem rights issue will be done on a first-come, first-served basis. Shareholders who apply for more shares than they are entitled to may receive a proportionate allotment.

Payment Process

Shareholders who wish to participate in the Sadhana Nitrochem rights issue must pay the subscription amount by the due date. The payment can be made through various modes, including online banking, RTGS, and NEFT.

Conclusion

The Sadhana Nitrochem rights issue is a great opportunity for shareholders to participate in the company's growth journey. The issue is attractively priced and offers a good opportunity for long-term investors to increase their stake in the company.