Davangere Sugar Rights Issue 2022, Price, Ratio & Allotment Details

Davangere Sugar Rights Issue 2022

Davangere Sugar Rights issue 2022 Date will be open from 16 June 2022 to 15 July 2022. The company has set a record date of the rights issue on 27 May 2022. The company will offer 3,84,00,000 Shares through this rights issue and through this issue and the company will collect ₹48.00 Crores. and the company Davangere Sugar Rights Issue Price of this issue has been announced at ₹12.50 per share as per the face value of ₹10.

Davangere Sugar Company Limited engages in the business of manufacturing sugar. The company factory is located on a land area of 152 acres at Kukkuvada village, 15kms away from Davangere city, Karnataka state. The factory is surrounded by fully irrigated sugarcane growing belt of 30000 acres. The Sugarcane areas are located within a radius of 35kms surrounding the Factory.

The company was having a sugarcane growing area of 8580 acres of land and crushed about 3,31,712 MTs of sugarcane. During the current season 2021-22 the company’s strategy is to crush 5,50,000 MTs of sugarcane and to develop sugarcane growing area to about 15,000 acres to ensure the availability of the sugarcane to the extent of 6,00,000 MTs every year.

■ Update : Davangere Sugar Rights issue extended upto 15 July, 2022.

Read also:- Share Buyback 2022 List

Object of the Issue :

  • Part repayment or prepayment of unsecured loans availed by our Company from Ganesh Shivashankarappa Shamanur, one of the Promoters of our Company.
  • General Corporate Purposes

Davangere Sugar Rights issue Review :

Apply for Long Term

Davangere Sugar Rights issue 2022 Date & Price Details :

Issue Open :16 June 2022
Issue Close :15 July 2022
Record Date :27 May 2022
Issue Size :₹48.00 Cr
Face Value :₹10 Rs. Equity Share
Price Band :12.50 Per Share
Listing On :BSE,
Issue Shares Offer :3,84,00,000
Ratio :69:100
Davangere Sugar Rights issue 2022

Davangere Sugar Rights issue 2022 Date :

Bid Open Date :16 June 2022
Bid Close Date :15 July 2022
Record Date :27 May 2022
Allotment Date :05 July 2022
Share Credit Date :06 July 2022
Listing Date :12 July 2022

Davangere Sugar Financial Report (Cr):

YearRevenueExpenseP&L
2022₹124.00₹90.00₹6.00
2021₹147.00₹119.00₹2.00
2020₹203.00₹170.00₹2.00
Davangere Sugar Rights issue 2022

How to apply Davangere Sugar Rights Issue :

  • Visit the registrar’s website
  • Go to the ‘Rights Issue’ section
  • Select Davangere Sugar Rights Issue from the dropdown.
  • Enter Demat Account Number.
  • Fill the online application form.
  • Validate and submit the application.

Quick link :

■ Letter Of Offer
■ Application Form

Davangere Sugar Rights Issue Lead Manager :

Saffron Capital Advisors Private Limited
605, Center Point, 6th floor, Andheri Kurla Road,
J. B. Nagar, Andheri (East), Mumbai – 400 059,
Maharashtra, India.
Telephone: +91 22 4973 0394
Facsimile: NA
E-mail: [email protected]
Website: www.saffronadvisor.com

Davangere Sugar Rights Issue Registrar :

Integrated Registry Management Services Pvt Ltd
No 30 Ramana Residency, 4th Cross Sampige Road,
Malleswaram, Bengaluru, Karnataka – 560 003
Telephone: +91 80 2346 0815 to 819
Facsimile: +91 80 2346 0819
E-mail: [email protected]
Website: www.integratedindia.in

Company Address :

Davangere Sugar Company Limited
73/1, post box number 312, Shamanur Road,
Davangere – 577 004, Karnataka, India
Telephone: +91 81 9220 1623
Facsimile: NA
E-mail: [email protected]
Website: www.davangeresugar.com

Davangere Sugar Rights Issue 2022 FAQs :

What is Davangere Sugar Rights Issue Open Date?
Davangere Sugar Rights Issue 2022 Open date is 16 June 2022.

What is Davangere Sugar Rights Issue Close Date?
Davangere Sugar Rights Issue 2022 Close date is 15 July 2022.

When is Davangere Sugar Rights Issue 2022 Record Date?
Davangere Sugar Rights Issue 2022 record date is 27 May 2022.

What is Davangere Sugar Rights Issue Price?
The company has fixed the price at ₹12.50 per share.

What is Davangere Sugar Rights Issue 2022 Size?
The company Davangere Sugar Rights Issue Size is ₹48.00 Cr.

What is Davangere Sugar Rights Issue Ratio?
The company has fixed the ratio Of 69:100.

How to apply for Davangere Sugar Rights Issue 2022?
You can apply for the Davangere Sugar Rights Issue in two ways:

1 – Net Banking (ASBA) 2 – Registrar’s Website


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Davangere Sugar Rights Issue 2022, Price, Ratio & Allotment Details
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