Spray King Agro Equipment Limited, founded in 2004, is a manufacturer of agricultural parts of all kinds. The company is becoming increasingly prominent in the manufacturing of BRASS PARTS, which covers items such as Brass Fittings, Brass Forging Equipment, Brass Transformer Parts, and other Customised Brass Parts.
The company was founded in 1977 as a maker of Turning Components per print. With the deterioration of time and the introduction of new inventions, goods, and technology, the company’s operations have grown to a large size.
The company’s products are not only sold in India, but also in many other nations across the world, including Australia, the United States, Europe, the United Arab Emirates, Canada, and South Africa.
In 2017, Spray King Agro Equipment developed Lead-Free Brass Fittings that meet legislation for portable water applications. The product portfolio of the company includes:
- Brass Compression Fittings
- Turning Components
- Sanitary Fittings
- Brass Pipe & Plumbing Fittings
- Extruded Brass Rods
- Ball Valves & Non-Return Valves
- Agricultural Sprayer Parts & Garden Fittings
- CNC Fittings
- Forging Speciality
Spray King Agro Equipment Limited is committed to quality and assurance in every product. They strive to manufacture and supply the best brass part to the customer.
Objects of the Issue:
The Company proposes to utilize the Proceeds to:
- Towards working capital requirements
- General Corporate Purposes
Spray King Agro Equipment Rights Issue 2023 Detail
| Issue Open | Feb 13, 2023 – Feb 20, 2023 |
| Security Name | Spray King Agro Equipment Limited |
| Issue Size (Shares) | 3,172,769 |
| Issue Size (Amount) | ₹13.96 Crores |
| Issue Price | ₹44 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount is payable on application. |
| Entitlement | 1 Right Equity Shares for every 1 Existing Equity Shares held |
Spray King Agro Equipment Rights Issue 2023 Issue Timetable
| Record Date | Feb 2, 2023 |
| Credit of Rights Entitlements | Feb 17, 2023 |
| Bid/Offer Opens On | Feb 13, 2023 |
| Renunciation of Rights Entitlements | Feb 14, 2023 |
| Bid/Offer Closes On | Feb 20, 2023 |
| Deemed Date of Allotment | Feb 28, 2023 |
| Credit Date | Mar 1, 2023 |
| Listing Date | Mar 2, 2023 |
Spray King Agro Equipment Limited Financial Information (Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 13.61 | 26.49 | 0.03 |
| 31-Mar-21 | 9.82 | 20.5 | 0.62 |
Company Contact Information
Spray King Agro Equipment Limited
Plot No. 590,
G.I.D.C. Phase 2, Dared,
Jamnagar – 361 004
Phone: +91-932-837-7772
Email: [email protected]
Website: http://www.spraykingagro.com
Spray King Agro Equipment Rights Issue 2023 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com
Spray King Agro Equipment Rights Issue 2023 Lead Manager(s)
- Aryaman Financial Services Limited
Spray King Agro Equipment Rights Issue 2023 FAQs
Q1. When is Spray King Agro Equipment Rights Issue 2023 coming?
Ans. The Spray King Agro Equipment Rights Issue 2023 opens on Feb 13, 2023, and closes on Feb 20, 2023.
Q2. What is the schedule for Spray King Agro Equipment Rights Issue 2023?
Ans. Spray King Agro Equipment Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Feb 17, 2023 Last Date for renunciation of Rights Entitlements Feb 14, 2023 Issue Opening Date Feb 13, 2023 Issue Closing Date Feb 20, 2023 Date of Allotment (on or about) Feb 28, 2023 Date of Credit (on or about) Mar 1, 2023 Date of Listing (on or about) Mar 2, 2023
Q3. What is the issue price for Spray King Agro Equipment Rights Issue 2023?
Ans. Spray King Agro Equipment Rights Issue 2023 price is set at ₹44 per share per equity share.
Q4. In what ratio is the Spray King Agro Equipment Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 1 Right Equity Shares for every 1 Existing Equity Shares held (Feb 2, 2023).
Q5. What is the record date for Spray King Agro Equipment Rights Issue 2023?
Ans. The record date for the Spray King Agro Equipment Rights Issue 2023 is Feb 2, 2023.
Q6. What is the issue size of Spray King Agro Equipment Rights Issue 2023?
Ans. The issue size of Spray King Agro Equipment Rights Issue 2023 is of 3,172,769 equity shares at ₹44 per share aggregating upto ₹13.96 Crores.
Q7. How to apply for Spray King Agro Equipment Rights Issue 2023?
Ans. You can apply for Spray King Agro Equipment Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Spray King Agro Equipment 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 Spray King Agro Equipment Rights Issue 2023 available on the list.
- Click the Apply button next to the Spray King Agro Equipment 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 Spray King Agro Equipment Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Spray King Agro Equipment Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
