The Spright Agro Limited date has been confirmed from June 24, 2024 – July 12, 2024.
Spright Agro Limited, formerly known as Tine Agro Limited, develops agricultural and forestry operations. The company plants, grows, cultivates, produces and breeds various agricultural and forestry crops, horticultural crops, greenhouses, net houses, medicinal and aromatic plants in owned and/or leased farms and operates as a manufacturer, importer and exporter, wholesaler, retailer and trader of all types of agricultural and other commodities.
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Key Details Of Spright Agro Limited
Bidding Dates
June 24 – July 12
Issue Size
₹44.87 Crores
Face Value
₹1 per share
Record Date
June 7, 2024
Spright Agro Limited Record Date
The Spright Agro Limited Record Date is June 7, 2024.
IPO Overview
The Spright Agro Rights Issue 2024 opens on June 24, 2024, and closes on July 12, 2024. The eligible shareholders are being offered 1 Rights Equity Share(s) for every 15 fully paid-up Equity Shares held on Record Date (June 7, 2024).
Spright Agro Limited Rights Issue Detail
| Issue Open | June 24, 2024 – July 12, 2024 |
| Security Name | Spright Agro Limited |
| Issue Size (Shares) | 33,484,611 |
| Issue Size (Amount) | ₹44.87 Crores |
| Issue Price | ₹13.4 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price of ₹ 13.40/- per Equity Share shall be payable at the time of application. |
| Entitlement | 1 Rights Equity Share(s) for every 15 fully paid-up Equity Shares held on Record Date |
Spright Agro Limited Rights Issue 2024 Issue Timetable
| Last Date to buy shares | June 6, 2024 |
| Record Date | June 7, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | June 24, 2024 |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | July 12, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Spright Agro Limited Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Revenue | 72.59 | 7.70 | 11.27 |
| Profit After Tax | 11.62 | 0.01 | 0.01 |
| Amount in ₹ Crore | |||
Company Profile
The company was established on April 20, 1994, as a public limited company under the Companies Act 1956. It was formed with the purpose stated in the company’s memorandum of association. On April 27, 1994, the company received the Certificate for Commencement of Business from the Registrar of Companies, Punjab, Himachal Pradesh, and Chandigarh.
The main objective of the company is to carry on all the activities to develop agricultural and forest resources-based industries and also plant, grow, cultivate, produce, and raise plantations of
various crops, forest and other plantations, horticultural crops, greenhouses, net houses, medicinal and aromatic plants in their farms and/or taken on lease, and to carry on the business as a manufacturer, importer, and exporter, whole seller, retailer, and dealer of all types of agricultural and other commodities.
Registrar Info
| Name | Coming Soon |
| Phone number | Coming Soon |
| Email ID | Coming Soon |
| Website | Coming Soon |
Contact Details
| Name | Spright Agro Limited |
| Phone number | +91 9825434390 |
| Email ID | [email protected] |
| Website | tineagrolimited.in |
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.
Spright Agro Limited IPO FAQs
In what ratio is the Spright Agro Rights Issue 2024 offered?
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 15 fully paid-up Equity Shares held on Record Date (June 7, 2024).
What is the record date for Spright Agro Rights Issue 2024?
The record date for the Spright Agro Rights Issue 2024 is June 7, 2024.
What is the issue size of Spright Agro Rights Issue 2024?
The issue size of Spright Agro Rights Issue 2024 is of 33,484,611 equity shares at ₹13.4 per share aggregating upto ₹44.87 Crores.
