The Spectrum Foods Limited date has been confirmed from April 8, 2024 – April 22, 2024. Read the post to learn about Spectrum Foods Limited IPO.
The Spectrum Foods Limited Developers IPO is a fixed issue size of ₹38.79 Crores. Spectrum Foods Limited, a well-known B2B manufacturer of salt and spices, was founded in 1994. Three divisions comprise the company: Salt & Spices, Renewables, and Hospitality.
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Key Details Of Spectrum Foods Limited Developers IPO:
Bidding Dates
April 8-22
Issue Size
₹38.79 Crores
Face Value
₹10 per share
Record Date
March 27, 2024
Spectrum Foods Limited IPO Record Date
The Spectrum Foods Limited Record Date is March 27, 2024.
IPO Overview
Spectrum Foods Limited, a well-known B2B manufacturer of salt and spices, was founded in 1994. Three divisions comprise the company: Salt & Spices, Renewables, and Hospitality. Currently, shares of the business are traded actively on the Bombay Stock Exchange under the ticker symbol SPECFOOD (Stock Code: INE547C01018 | 531982).
Spectrum Foods Limited Rights Issue Detail
| Issue Open | April 8, 2024 – April 22, 2024 |
| Security Name | Spectrum Foods Limited |
| Issue Size (Shares) | 19,393,544 |
| Issue Size (Amount) | ₹38.79 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Spectrum Foods Limited Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13.88 | 16.63 |
| Revenue | 15.71 | 16.17 |
| Profit After Tax | 0.38 | -0.25 |
| Amount in ₹ Crore | ||
Spectrum Foods Limited IPO Timeline
| Last Date to buy shares | March 26, 2024 |
| Record Date | March 27, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 8, 2024 |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | April 22, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Spectrum Foods Limited, a well-known B2B manufacturer of salt and spices, was founded in 1994. Three divisions comprise the company: Salt & Spices, Renewables, and Hospitality. Currently, shares of the business are traded actively on the Bombay Stock Exchange under the ticker symbol SPECFOOD (Stock Code: INE547C01018 | 531982).
Registrar Info
| Name | – |
| Phone number | – |
| Email ID | – |
| Website | – |
Contact Details
| Name | Spectrum Foods Limited |
| Phone number | +91-141-2379483 |
| Email ID | [email protected] |
| Website | spectrumfoodsltd.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.
Spectrum Foods Limited IPO FAQs
What is the issue price for Spectrum Foods Rights Issue 2024?
Spectrum Foods Rights Issue 2024 price is set at ₹20 per share per equity share.
In what ratio is the Spectrum Foods Rights Issue 2024 offered?
The eligible shareholders are being offered 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (March 27, 2024).
What is the record date for Spectrum Foods Rights Issue 2024?
The record date for the Spectrum Foods Rights Issue 2024 is March 27, 2024.
What is the issue size of Spectrum Foods Rights Issue 2024?
The issue size of Spectrum Foods Rights Issue 2024 is of 19,393,544 equity shares at ₹20 per share aggregating upto ₹38.79 Crores.
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