The Sawaca Business Machines Limited date has been confirmed from April 2, 2024 – April 12, 2024.
The Sawaca Business Machines Limited Developers IPO is a fixed issue size of ₹45.76 Crores. Sawaca Business Machines Limited, an Ahmedabad-based business founded in 1994, is involved in the local trade of cotton bales and metal waste as well as the trading and export of machines. The business engages in the buying and selling of a variety of metals, such as copper, iron, steel, aluminium, and other base metals.
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Bidding Dates
April 2-12
Issue Size
₹45.76 Crores
Face Value
₹1 per share
Record Date
March 7, 2024
Sawaca Business Machines Limited IPO GMP
The Sawaca Business Machines Limited Record Date is March 7, 2024.
IPO Overview
Sawaca Business Machines Limited, an Ahmedabad-based business founded in 1994, is involved in the local trade of cotton bales and metal waste as well as the trading and export of machines. The business engages in the buying and selling of a variety of metals, such as copper, iron, steel, aluminium, and other base metals.
Cotton bales, metal trash, and fragrance chemicals are all traded by Sawaca Business Machines Limited. In addition to essential oils like orange and patcholi oils, they also sell aromatic chemicals like geraniol, arsinon, D lemonene, and musk 101, as well as different industrial perfumery compounds.
Sawaca Business Machines Limited Rights Issue Detail
| Issue Open | April 2, 2024 – April 12, 2024 |
| Security Name | Sawaca Business Machines Ltd. |
| Issue Size (Shares) | 457,639,600 |
| Issue Size (Amount) | ₹45.76 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application. |
| Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Sawaca Business Machines Limited Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14.38 | 15.87 | 13.15 |
| Revenue | 3.65 | 3.82 | 3.67 |
| Profit After Tax | 0.55 | 0.41 | 0.22 |
| Net Worth | 12.91 | 12.77 | 12.37 |
| Reserves and Surplus | 0.93 | 1.97 | 1.75 |
| Amount in ₹ Crore | |||
Sawaca Business Machines Limited IPO Timeline
| Last Date to buy shares | March 6, 2024 |
| Record Date | March 7, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 2, 2024 |
| Renunciation of Rights Entitlements | April 8, 2024 |
| Bid/Offer Closes On | April 12, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The Company intends to utilize the proceeds of the Issue, after deducting Issue related expenses (“Net Proceeds”) towards the following objects:
- Incremental working capital requirements
- To meet General corporate purposes
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | rightsissue@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Sawaca Business Machines Ltd. |
| Phone number | 079-2658 7363 |
| Email ID | sawaca.business@yahoo.com |
| Website | sawacabusiness.com |
IPO Strenghts
- 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.
