The Shiva Cement date has been confirmed from April 22, 2024 – May 6, 2024.
The Shiva Cement IPO has a fixed issue size of ₹400.00 Crore. It was created in 1985 and specializes in clinker manufacture and related product sales. The company’s manufacturing facility is located at the border of three eastern Indian states: Odisha, Chhattisgarh, and Jharkhand.
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Key Details Of Shiva Cement IPO:
Bidding Dates
Apr 22-May 6
Issue Size
₹400.00 Crores
Face Value
₹2 per share
Record Date
April 3, 2024
Shiva Cement IPO Record Date
The Shiva Cement Record Date is April 3, 2024.
IPO Overview
Shiva Cement Limited was founded in 1985 and specialises in the production of clinker and the trade of related products. The company’s manufacturing site is near the geographical boundaries of three eastern Indian states: Odisha, Chhattisgarh, and Jharkhand. The company’s clinker production plant has a capacity of 4,000 TPD (or 1.32 MTPA), an 8.9 MW waste heat recovery system, and its own 132KV power connection.
The company is also constructing a limestone crushing plant with a capacity of 4 MTPA at its mines in Khatkurbahal, Odisha. As of June 30, 2023, the company employs 225 permanent employees.
Shiva Cement Rights Issue Detail
| Issue Open | February 26, 2024 – March 7, 2024 |
| Security Name | Shiva Cement Ltd |
| Issue Size (Shares) | 12,967,500 |
| Issue Size (Amount) | ₹12.97 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 13 Rights Equity Share(s) for every 12 fully paid-up Equity Shares held on Record Date |
Shiva Cement Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,391.49 | 898.36 |
| Revenue | 3.47 | 7.27 |
| Profit After Tax | -80.47 | -25.52 |
| Amount in ₹ Crore | ||
Shiva Cement IPO Timeline
| Last Date to buy shares | April 2, 2024 |
| Record Date | April 3, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 22, 2024 |
| Renunciation of Rights Entitlements | April 30, 2024 |
| Bid/Offer Closes On | May 6, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The company intends to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment or prepayment, in full or in part, of certain borrowings availed by the company; and
- General corporate purposes.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Shiva Cement Ltd. |
| Phone number | +91 661 246 1300 |
| Email ID | [email protected] |
| Website | shivacement.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.
Shiva Cement IPO FAQs
What is the issue price for Shiva Cement Rights Issue 2024?
Shiva Cement Rights Issue 2024 price is set at ₹40 per share per equity share.
In what ratio is the Shiva Cement Rights Issue 2024 offered?
The eligible shareholders are being offered 20 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date (April 3, 2024).
What is the record date for Shiva Cement Rights Issue 2024?
The record date for the Shiva Cement Rights Issue 2024 is April 3, 2024.
What is the issue size of Shiva Cement Rights Issue 2024?
The issue size of Shiva Cement Rights Issue 2024 is of 100,000,000 equity shares at ₹40 per share aggregating upto ₹400.00 Crores.
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