Let’s have a detailed review of the company and analytics of the Shivam Autotech Rights Issue offer open date, Term of payment, Shivam Auto-tech Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 2
Issue PriceRs [●]
Listing AtBSE, NSE
Min. Lot Size[●] Eq Shares
Record Date[●]
Issue Size (Rs.)Rs 4,000 Lakhs
Shares for Issue[●] Eq Shares
Rights entitlement[●] Rights Equity Share(s) for every [●] Equity Share(s) held on
the Record Date

Shivam Autotech Rights Issue is listed at BSE & NSE. Check out the live share price by clicking on the below link.


Shivam Autotech Rights Issue – Summary

Shivam Autotech Rights IssueThe Company is a manufacturer of transmission gears and shafts in India, serving various automobile manufacturers as their strategic and supply chain partner. From manufacturing gears for motorcycles since its incorporation to developing critical components for aerospace, the Company has diversified into multiple verticals and initiated exports as well.

The Company is involved in the manufacture of precision engineered components and systems, primarily used in the automotive sector. The Company operates within the Automotive Industry, which is well-established both domestically as well as internationally.

The Promoter of this company is DAYANAND MUNJAL INVESTMENTS PRIVATE LIMITED. The lead manager to the issue is NA, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


Shivam Autotech Rights Issue Date

The opening and the closing date of the IPO of Shivam Autotech Limited are [●] and [●] respectively.


Shivam Autotech Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Shivam Autotech Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
[●]
Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements[●]
Issue Closing Date[●]
Finalizing the basis of allotment with the Designated Stock Exchange[●]
Record date[●]
Date of Allotment[●]
Credit of Shares to Demat Account[●]
Share Listing Date[●]

Shivam Autotech Rights Issue Price

The face value of each share is Rs.2, but the Cash Price is Rs.[●] per Eq share. 


Shivam Autotech Rights Issue Equity Size

This Initial Public Issue of [●] Equity Shares of Rs.2 each for cash at a price of Rs.[●] per equity share aggregating to Rs 4,000 Lakhs.


Shivam Autotech Rights Issue – Live Performance

The listing date of this IPO is Apr 29, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Shivam Autotech Share Price

Shivam Autotech Rights Issue – Company Overview

The Company manufactures a comprehensive range of auto components and accessories that primarily include transmission gears, transmission shafts, alternator components, starter motor components, magneto components, and steering components which are being produced through cold, warm, and hot forging employing near net shape technology.

The Company is an IATF 16949:2016, ISO 45001:2018 & ISO 14001:2015 certified for the manufacture of forged, machined, and heat-treated components. Company also holds the AS 9100- Rev D certification, which makes the Company eligible for supplying to all aerospace industries.

The Company has invested in state-of-the-art facilities in Bangalore and Rohtak to indigenize products for automobiles. This development gives the Company an opportunity for future exports to different overseas customers and is also a step towards the ‘Make in India’ initiative. Their Company is promoted by DMIPL.

Their Company’s net worth as of March 31, 2021, was `11,191.92 lakhs compared to `13,328.55 lakhs for Fiscal 2020.


Shivam Autotech Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
31-Mar-2131-Mar-20
Total Assets24,865.1419,887.62
*Total Revenue49,092.8258,887.68
Total Expense58,887.6864,311.94
Profit After Tax(2,252.56)(3,713.47)

Earnings per Equity Share (in Lakhs)

31-Mar-2131-Mar-20
Basic(3.71)(2.25)
Diluted(3.71)(2.25)

 

Financial Performance:

Their revenue from operations decreased by 17.08% to Rs 48,741.15 lakhs in Fiscal 2021 as against Rs 58,783.26 lakhs in Fiscal 2020. This decrease in their revenue from operations was primarily on account of the Covid-19 Pandemic. Total income decreased by 16.63% to Rs49,092.82 lakhs for Fiscal 2021 from Rs58,887.69 lakhs for Fiscal 2020 due to Covid-19 Pandemic.

PAT decreased by (39.34)% from Rs (3,713.47) lakhs in Fiscal 2020 to Rs (2,252.56) lakhs in Fiscal 2021 on account of the factors explained above.


Shivam Autotech Rights Issue – Promoters

The Promoters of this company are:

  1. DAYANAND MUNJAL INVESTMENTS PRIVATE LIMITED

List of Related Parties (Key Managerial Personnel)

  • Neeraj Munjal, Managing Director
  • Charu Munjal, Whole-Time Director
  • Anil Kumar Gupta, Non-Executive Director
  • Bhagwan Dass Narang, Independent Director
  • Jyothi Prasad, Non- Executive and Independent Director
  • Sunil Chinubhai Vakil, Additional Director

Shivam Autotech Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to [●] Equity Shares
Rights Entitlement[●] Rights Equity Share(s) for every [●] Equity Share(s) held on
the Record Date
Record Date[●]
Issue Price per Rights Equity SharesRs.[●]/-
Issue SizeUp to Rs.4,000 lakhs
Equity Shares issued, subscribed, and paid-up prior to the Issue10,00,00,000 Equity Shares
Equity Shares subscribed and paid up after the IssueUp to [●] Equity Shares

Shivam Autotech Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Augmenting working capital requirements of their Company;
2. Adjustment of unsecured loans against the entitlement of promoter; and
3. General corporate purposes. 

Shivam Autotech – Business Strategy

  • Expanding their product base for diversification
  • Improving functional efficiencies
  • Forward Integration

Shivam Autotech Rights Issue Lead Managers

Lead Managers
NA

Shivam Auto-tech Rights Issue Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (East), Mumbai- 400 059, Maharashtra, India.
Tel: +91 22 6263 8200,
E-mail: rightsissue@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance e-mail: investor@bigshareonline.com
Contact Person: Mr Ashish Bhope
SEBI Registration Number: NR000001385

Shivam Auto-tech Rights Issue – Other Details

  • Statutory Auditor – M/s. NSBP & Co., Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company – NA


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    Shivam Auto-tech Limited Rights Issue News

    News 1 – Shivam Autotech Rights Issue Draft Download

    News 2 –  Shivam Auto-tech Rights Issue Letter of Offer


    Shivam Autotech Rights Issue Review FAQs

    Where to download Shivam Autotech Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional Shivam Autotech Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for Shivam Auto-tech?

    Application forms of Shivam Autotech Rights Issue can be obtained via multiple destinations. You can seek out for the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose either online or offline mode to submit it.

    How to check the Shivam Auto-tech Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the Shivam Autotech Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the Shivam Auto-tech Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.NA per Equity Share through Shivam Autotech Rights Issue.

    Who is the registrar to Shivam Auto-tech Rights Issue?

    Registrar, as chosen by Shivam Autotech is BIGSHARE SERVICES PRIVATE LIMITED. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the Shivam Auto-tech Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the Shivam Autotech Rights Issue is all set to open on NA.

    When the Shivam Rights Issue is closing?

    While the offer would open on NA, it is most likely scheduled to close on NA. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the Shivam Autotech Rights Issue.

    What is the Shivam Auto-tech Rights Issue size?

    Shivam Autotech Rights Issue is a proposal to raise [●] Equity shares, aggregating to Rs 4,000 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the Shivam Autotech Rights Issue Lead manager?

    A designated underwriter or lead manager of Shivam Autotech Rights Issue is NA. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the Shivam Auto-tech Rights Issue?

    There are a bunch of important dates regarding the Shivam Autotech Rights Issue, which you need to know about. The priority should be the Record Date of NA., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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