The Sakuma Exports date has been confirmed from April 25, 2024, to May 13, 2024.
The fixed issue size of the Sakuma Exports IPO is ₹199.83 crore. Sakuma Exports Limited is a trading company that was established in December 1998. Its goods include rice, sugar, maise, cotton, and pulses. The Middle East, Far East Asia, Europe, Australia, Asia, and the US are among the regions that SEL supplies.
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Key Details Of Sakuma Exports
Bidding Dates
Apr 25-May 13
Issue Size
₹199.83 Crores
Face Value
₹1 per share
Record Date
April 15, 2024
Sakuma Exports IPO Record Date
The Sakuma Exports Record Date is April 15, 2024.
IPO Overview
Sakuma Exports Limited was created in December 1998 and trades agricultural products such as rice, sugar, maise, cotton, and pulses. SEL supplies the Middle East, Far East Asia, Europe, Australia, Asia, and the United States. The Sakuma Group comprises SEL and six more enterprises in Dubai, Singapore, Ghana, Tanzania, Canada, and Bahrain.
SEL and its six subsidiaries serve numerous well-known customers worldwide in agricultural commodities trading. Wilmar Sugar PTE Limited, Viterra BV, EDF & MAN Commodities, COFCO International Singapore Pte Ltd, and other similar dealers are a few of their primary clientele.
It is worth noting that the company’s earnings are independent of any single client. The FSSAI, RCMC, and APEDA have all certified the firm for the regions in which it operates. As of December 31, 2023, the firm has 96 employees across many divisions.
Sakuma Exports Rights Issue Detail
| Issue Open | April 25, 2024 – May 13, 2024 |
| Security Name | Sakuma Exports Ltd. |
| Issue Size (Shares) | 78,984,298 |
| Issue Size (Amount) | ₹199.83 Crores |
| Issue Price | ₹25.3 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | |
| Entitlement | 33 Rights Equity Share(s) for every 98 fully paid-up Equity Shares held on Record Date |
Sakuma Exports Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 571.42 | 669.31 | 429.99 |
| Revenue | 3,180.40 | 2,860.32 | 1,333.48 |
| Profit After Tax | 28.45 | 27.44 | 11.03 |
| Reserves and Surplus | 252.84 | 231.07 | 207.72 |
| Total Borrowing | 16.52 | 85.53 | 4.98 |
| Amount in ₹ Crore | |||
Sakuma Exports IPO Timeline
| Last Date to buy shares | April 12, 2024 |
| Record Date | April 15, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 25, 2024 |
| Renunciation of Rights Entitlements | May 7, 2024 |
| Bid/Offer Closes On | May 13, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
After deducting issue-related expenditures, the proceeds of the issue (the “Net Proceeds”) will be used by the company for the following purposes:
- To supplement the existing and additional working capital requirements of our company; and
- General corporate purposes
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Sakuma Exports Ltd. |
| Phone number | +91 22 24999021 |
| Email ID | [email protected] |
| Website | sakumaexportsltd.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Sakuma Exports IPO FAQs
What is the issue price for Sakuma Exports Rights Issue 2024?
Sakuma Exports Rights Issue 2024 price is set at ₹25.3 per share per equity share.
In what ratio is the Sakuma Exports Rights Issue 2024 offered?
The eligible shareholders are being offered 33 Rights Equity Share(s) for every 98 fully paid-up Equity Shares held on Record Date (April 15, 2024).
What is the record date for Sakuma Exports Rights Issue 2024?
The record date for the Sakuma Exports Rights Issue 2024 is April 15, 2024.
What is the issue size of Sakuma Exports Rights Issue 2024?
The issue size of Sakuma Exports Rights Issue 2024 is of 78,984,298 equity shares at ₹25.3 per share aggregating upto ₹199.83 Crores.
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