Shree Ganesh Remedies Limited, an Indian firm that was founded in 1995, manufactures pharmaceutical intermediates. The company is actively involved in the development of Basic and Advanced intermediates for the generic and regulated markets for APIs, or active pharmaceutical ingredients. The company has recently expanded its business by creating a new chemical entity (NCE), the synthesis of which is the first stage in the process of developing a medicine.
A company with ISO 9001:2015, ISO 14001:2015 BS, and ISO 45001:2018 certifications, the company (SGRL) is actively involved in the production of pharmaceutical intermediates and fine chemicals. Products of the business include:
Chloroalkyl amines Salts
Friedel Craft’s derivatives
Esters and Acid chlorides
Anti-psychotic
Anti-parasitic
In addition to being exported to other nations, Shree Ganesh Remedies’ products are shipped throughout India. The business is being regularly scaled up to incredible heights by the company.
Shree Ganesh Remedies Rights Issue 2023 Detail
| Issue Open | Feb 13, 2023 – Feb 21, 2023 |
| Security Name | Shree Ganesh Remedies Limited |
| Issue Size (Shares) | 840,471 |
| Issue Size (Amount) | ₹18.91 Crores |
| Issue Price | ₹225 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Rs. 135 per share 60% on application and the remaining 40% on subsequent calls. |
| Entitlement | 7 Rights Equity Shares for Every 100 Equity Shares held as on the record date |
Shree Ganesh Remedies Rights Issue 2023 Dates
| Record Date | Feb 3, 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | Feb 13, 2023 |
| Renunciation of Rights Entitlements | Feb 15, 2023 |
| Bid/Offer Closes On | Feb 21, 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
| 31-Mar-21 | 60.6 | 51.18 | 9.75 | 49.44 |
| 31-Mar-22 | 77.02 | 74.86 | 13.4 | 55.79 |
| Amount in ₹ Crore |
Objects of the Issue:
The Company intends to utilize the Net Proceeds from the Issue towards the funding of the following objects:
- Part repayment or prepayment of unsecured loans availed from the Promoters and from the member of the Promoter Group
- Meeting Working Capital Requirements; and
- General corporate purposes.
Shree Ganesh Remedies Rights Issue 2023 Documents
Company Contact Information
Shree Ganesh Remedies Limited
Plot no. 6011,
G.I.D.C,
Ankleshwar – 393002
Phone: +91 02646-227777
Email: investors@ganeshremedies.com
Website: http://www.ganeshremedies.com/
Shree Ganesh Remedies Rights Issue 2023 Registrar
- Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightissue@bigshareonline.com
Website: http://www.bigshareonline.com
Rights Issue 2023 Lead Manager(s)
- Fedex Securities Limited
