Sakuma Exports Rights Issue is scheduled on 25 Apr – 24 May 2024
Incorporated in 1998, Sakuma Exports trades agro-commodities such as sugar, pulses, maize, cotton, rice, and other agricultural products. Sugar trading constitutes a significant portion of the company’s revenue. The company primarily imports from and exports to the USA, Asian countries, Africa, Far East Asia, Europe, Australia, and the Middle East.
SEL and its six subsidiaries serve various renowned customers in the international agro commodities trading industry. Some key customers include COFCO International Singapore Pte Ltd, Wilmar Sugar PTE Limited, Viterra BV, EDF & MAN Commodities, and similar traders. It’s important to note that the company’s revenue is not heavily dependent on any single customer.
The Sakuma Group consists of SEL and six independent subsidiaries in Dubai, Singapore, Ghana, Tanzania, Canada, and Bahrain. As of 31 December 2023, the company employs 96 employees across various departments.
Promoters of Sakuma Exports – Mr. Saurabh Chander Mohan Malhotra, and Ms. Kusum Chander Mohan Malhotra
Sakuma Exports Rights Issue Details
| Sakuma Exports Rights Issue Date | 25 Apr – 24 May 2024 |
| Sakuma Exports Rights Issue Price | INR 25.30 per share |
| Issue Size (in Shares) | 7,89,84,298 shares |
| Issue Size (in INR) | INR 199.83 crore |
| Issue Entitlement | 33 equity shares for every 98 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Sakuma Exports Rights Issue Record Date | 15 April 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE, NSE |
Sakuma Exports Rights Issue Calculation
| Sakuma Exports Rights Issue Price | INR 25.30 per share |
| Market Price on Rights Issue Approval | INR 26.43 per share |
| Dilution Factor (X) | 1.34 |
| Fair Value After Dilution at Prevailing Price | INR 26.15 per share |
Sakuma Exports Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 1,036.32 | 2,531.65 | 2,855.87 |
| Expenses | 1,027.98 | 2,507.59 | 2,828.05 |
| Operating Margin (%) | 1.55 | 1.37 | 1.46 |
| Net income | 7.10 | 22.73 | 24.04 |
| ROCE (%) | 5.0 | 9.0 | 9.0 |
Sakuma Exports Rights Issue Objectives
The net proceeds from the offer are proposed to be used for
- To augment the existing and incremental working capital requirement of the company
- General corporate purposes
Sakuma Exports Rights Offer Documents
Sakuma Exports Rights Issue Dates
| Rights Issue Approval Date | 8 April 2024 |
| Sakuma Exports Rights Issue Record Date | 15 April 2024 |
| Credit of Rights Entitlement | – |
| Rights Issue Opening Date | 25 April 2024 |
| Last Date for Market Renunciation | 24 May 2024 |
| Rights Issue Closing Date | 24 May 2024 |
| Finalization of Basis of Allotment | 3 June 2024 |
| Sakuma Exports Rights Allotment Date | 3 June 2024 |
| Credit Date | 5 June 2024 |
| Listing Date | 6 June 2024 |
Sakuma Exports Rights Offer Lead Manager
FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street,
Fountain, Mumbai – 400 001, Maharashtra
Phone: +91 22 4050 9999
Email: [email protected]
Website:Â www.focl.in
Sakuma Exports Rights Issue Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email: [email protected]
Website:Â www.bigshareonline.com
SAKUMA EXPORTS LIMITED
Aurus Chamber, A 301-302, Near Mahindra Tower,
S S Amrutwar Lane, Worli-400013, Mumbai, Maharashtra
Phone:Â +91 22 24999021/ 22
Email: [email protected]
Website: www.sakumaexportsltd.com
Sakuma Exports Rights Offer FAQs
What is the Sakuma Exports Rights Issue Price?
The issue price is INR 25.30 per share.
What is the Sakuma Exports Rights Issue entitlement ratio?
The eligible shareholders are offered 33 Equity Shares for every 98 Equity Shares held on the record date.
What is the Sakuma Exports Rights Issue Record Date?
The Record date is 15 April 2024.
How to Apply in Sakuma Exports Rights Offer?
The best way to apply in Sakuma Exports Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
