Parvati Sweetners and Power Limited is a sugar creating company that was founded in 2011. They are based in Madhya Pradesh and transport their product to several places. The company’s sugar mill, located in Village Sankhini, Gwalior, Madhya Pradesh, can crush up to 2500 MT of sugar per day.
Parvati Sweetners has grown significantly over the last decade and strives to be a leader in the expanding Sugar market. Sugar is supplied by the corporation to several petroleum sectors.
Ms. Poonam Chouksey is the CEO of Parvati Sweetners and Power Limited. She is the company’s Promoter and Managing Director, and she makes major contributions to its development and advancement.
Objects of the Issue:
The objects of the Issue are:
- Repayment of Unsecured Loans availed from the Promoters and members of the Promoter Group
- General corporate purposes.
Parvati Sweetners and Power Rights Issue 2023 Detail
| Issue Open | Feb 21, 2023 – Mar 8, 2023 |
| Security Name | Parvati Sweetners and Power Ltd |
| Issue Size (Shares) | 58,963,835 |
| Issue Size (Amount) | ₹29.48 Crores |
| Issue Price | ₹5 per share |
| Face Value | ₹5 per share |
| Listing At | BSE |
| Terms of Payment | The full amount is payable on application. |
| Entitlement | 17 Equity Shares for every 26 existing Equity Shares held as on the Record Date |
Parvati Sweetners and Power Rights Issue 2023 Issue Timetable
| Record Date | Feb 8, 2023 |
| Credit of Rights Entitlements | Feb 13, 2023 |
| Bid/Offer Opens On | Feb 21, 2023 |
| Renunciation of Rights Entitlements | Feb 28, 2023 |
| Bid/Offer Closes On | Mar 8, 2023 |
| Deemed Date of Allotment | Mar 15, 2023 |
| Credit Date | Mar 16, 2023 |
| Listing Date | Mar 17, 2023 |
Parvati Sweetners and Power Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 142.07 | 50.25 | 0.08 | 51.66 |
| 31-Mar-21 | 154.76 | 58.83 | 1.62 | 48.88 |
| 31-Mar-22 | 163.08 | 71.61 | 1.09 | 33.52 |
Company Contact Information
Parvati Sweetners and Power Ltd
Hall No. 2, Gomantika Parisar,
Shopping Complex, Jawahar Chowk,
Bhopal-462003
Phone: 91 – 0755-4236666
Email: [email protected]
Website: https://www.parvatisweetners.com
Parvati Sweetners and Power Rights Issue 2023 Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: http://www.purvashare.com
Parvati Sweetners and Power Rights Issue 2023 FAQs
Q1. When is Parvati Sweetners and Power Rights Issue 2023 coming?
Ans. The Parvati Sweetners and Power Rights Issue 2023 opens on Feb 21, 2023, and closes on Mar 8, 2023.
Q2. What is the schedule for Parvati Sweetners and Power Rights Issue 2023?
Ans. Parvati Sweetners and Power Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Feb 13, 2023 Last Date for renunciation of Rights Entitlements Feb 28, 2023 Issue Opening Date Feb 21, 2023 Issue Closing Date Mar 8, 2023 Date of Allotment (on or about) Mar 15, 2023 Date of Credit (on or about) Mar 16, 2023 Date of Listing (on or about) Mar 17, 2023
Q3. What is the issue price for Parvati Sweetners and Power Rights Issue 2023?
Ans. Parvati Sweetners and Power Rights Issue 2023 price is set at ₹5 per share per equity share.
Q4. In what ratio is the Parvati Sweetners and Power Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 17 Equity Shares for every 26 existing Equity Shares held as on the Record Date (Feb 8, 2023).
Q5. What is the record date for Parvati Sweetners and Power Rights Issue 2023?
Ans. The record date for the Parvati Sweetners and Power Rights Issue 2023 is Feb 8, 2023.
Q6. What is the issue size of Parvati Sweetners and Power Rights Issue 2023?
Ans. The issue size of Parvati Sweetners and Power Rights Issue 2023 is of 58,963,835 equity shares at ₹5 per share aggregating upto ₹29.48 Crores.
Q7. How to apply for Parvati Sweetners and Power Rights Issue 2023?
Ans. You can apply for Parvati Sweetners and Power Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Parvati Sweetners and Power Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Parvati Sweetners and Power Rights Issue 2023 available on the list.
- Click the Apply button next to the Parvati Sweetners and Power Rights Issue 2023.
- Fill and check your information.
- Submit the application.
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Parvati Sweetners and Power Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Parvati Sweetners and Power Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
