Shree Ganesh Remedies Limited is an Indian pharmaceutical intermediate manufacturing company that was founded in 1995. The company is engaged in the development of traditional basic and advanced intermediates for API active pharmaceutical ingredients (“APIs”) for the generic and regulated industries.
Shree Ganesh Remedies recently broadened its operations by establishing a new chemical entity (“NCE”), the synthesis of which is the first step in the drug development process. Shree Ganesh Remedies (SGRL) is an ISO 9001:2015, ISO 14001:2015 BS, and ISO 45001:2018 certified company that manufactures pharmaceutical intermediates and fine chemicals. The following are the company’s products:
- Chloroalkyl amines Salts
- Friedel Craft’s derivatives
- Esters and Acid chlorides
- Anti-psychotic
- Anti-parasitic
Shree Ganesh Remedies’ products are offered across India and exported to other countries. The company is constantly expanding its operations to new heights.
Objects of the Issue:
The Company intends to utilize the Net Proceeds from the Issue towards the funding of the following objects:
- Part repayment or prepayment of unsecured loans availed from the Promoters and from the member of the Promoter Group
- Meeting Working Capital Requirements; and
- General corporate purposes.
Shree Ganesh Remedies Rights Issue 2023 Detail
| Issue Open | Feb 13, 2023 – Feb 21, 2023 | |||
| Security Name | Shree Ganesh Remedies Limited | |||
| Issue Size (Shares) | 840,471 | |||
| Issue Size (Amount) | ₹18.91 Crores | |||
| Issue Price | ₹225 per share | |||
| Face Value | ₹10 per share | |||
| Listing At | BSE | |||
| Terms of Payment | Rs. 135 per share (60%) on application and remaining Rs. 90 (40%) on subsequent calls. | |||
| Entitlement | 7 Rights Equity Shares for Every 100 Equity Shares held as on the record date |
Shree Ganesh Remedies Rights Issue 2023 Issue Timetable
| Record Date | Feb 3, 2023 |
| Credit of Rights Entitlements | Feb 15, 2023 |
| Bid/Offer Opens On | Feb 13, 2023 |
| Renunciation of Rights Entitlements | Feb 15, 2023 |
| Bid/Offer Closes On | Feb 21, 2023 |
| Deemed Date of Allotment | Mar 1, 2023 |
| Credit Date | Mar 3, 2023 |
| Listing Date | Mar 8, 2023 |
Shree Ganesh Remedies Limited Financial Information (Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 60.6 | 51.18 | 9.75 | 49.44 |
| 31-Mar-22 | 77.02 | 74.86 | 13.4 | 55.79 |
Company Contact Information
Shree Ganesh Remedies Limited
Plot no. 6011,
G.I.D.C,
Ankleshwar – 393002
Phone: +91 02646-227777
Email: [email protected]
Website: http://www.ganeshremedies.com
Shree Ganesh Remedies Rights Issue 2023 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com
Shree Ganesh Remedies Rights Issue 2023 Lead Manager(s)
- Fedex Securities Limited
Shree Ganesh Remedies Rights Issue 2023 FAQs
Q1. When is Shree Ganesh Remedies Rights Issue 2023 coming?
Ans. The Shree Ganesh Remedies Rights Issue 2023 opens on Feb 13, 2023, and closes on Feb 21, 2023.
Q2. What is the schedule for Shree Ganesh Remedies Rights Issue 2023?
Ans. Shree Ganesh Remedies Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Feb 15, 2023 Last Date for renunciation of Rights Entitlements Feb 15, 2023 Issue Opening Date Feb 13, 2023 Issue Closing Date Feb 21, 2023 Date of Allotment (on or about) Mar 1, 2023 Date of Credit (on or about) Mar 3, 2023 Date of Listing (on or about) Mar 8, 2023
Q3. What is the issue price for Shree Ganesh Remedies Rights Issue 2023?
Ans. Shree Ganesh Remedies Rights Issue 2023 price is set at ₹225 per share per equity share.
Q4. In what ratio is the Shree Ganesh Remedies Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 7 Rights Equity Shares for Every 100 Equity Shares held as on the record date (Feb 3, 2023).
Q5. What is the record date for Shree Ganesh Remedies Rights Issue 2023?
Ans. The record date for the Shree Ganesh Remedies Rights Issue 2023 is Feb 3, 2023.
Q6. What is the issue size of Shree Ganesh Remedies Rights Issue 2023?
Ans. The issue size of Shree Ganesh Remedies Rights Issue 2023 is of 840,471 equity shares at ₹225 per share aggregating upto ₹18.91 Crores.
Q7. How to apply for Shree Ganesh Remedies Rights Issue 2023?
Ans. You can apply for Shree Ganesh Remedies Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Shree Ganesh Remedies 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 Shree Ganesh Remedies Rights Issue 2023 available on the list.
- Click the Apply button next to the Shree Ganesh Remedies 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 Shree Ganesh Remedies Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Shree Ganesh Remedies Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
