SEPC Rights Issue is scheduled for 5 -19 July 2024
SEPC Contractor is a company specializing in turnkey contracts for Engineering, Procurement, and Construction (EPC) projects, offering comprehensive solutions and project management services. SEPC stands for “Solution Engineering Procurement Construction” and focuses on providing turnkey solutions in two main business areas:
- Infrastructure, including water and wastewater utilities, and road construction.
- Process and metallurgy, including process plants, steel mills, mine development, and power plants.
As of 31 December 2023, the company has a total order book of INR 1,085 crore. As of the same date, SEPC has 227 employees including its executive directors, who look after the business operations, management administrative, secretarial, marketing, and accounting functions following their respective designated goals.
Promoters of SEPC – Mark A B Capital Investment LLC
SEPC Rights Issue Details
| SEPC Rights Issue Date | 5 – 19 July 2024 |
| SEPC Rights Issue Price | INR 13 per share |
| Issue Size (in Shares) | 15,38,46,153 shares |
| Issue Size (in INR) | INR 200 crore |
| Issue Entitlement | 6 equity shares for every 55 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| SEPC Rights Issue Record Date | 25 June 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
SEPC Rights Issue Calculation
| SEPC Rights Issue Price | INR 13 per share |
| Market Price on Rights Issue Approval | INR 21.91 per share |
| Dilution Factor (X) | 1.11 |
| Fair Value After Dilution at Prevailing Price | INR 21.03 per share |
SEPC Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 531.93 | 302.79 | 378.85 |
| Expenses | 730.68 | 512.42 | 365.90 |
| Operating Margin (%) | (13.32) | (28.07) | 22.55 |
| Net Income | (179.47) | (263.70) | (4.90) |
| ROCE (%) | (2.00) | (2.00) | (3.00) |
SEPC Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment or pre-payment, in full or part of certain borrowings availed by the company – INR 85 crore
- To augment the existing and incremental working capital requirement of the company – INR 113.90 crore
- General corporate purposes
SEPC Rights Offer Documents
SEPC Rights Issue Dates
| Rights Issue Approval Date | 19 June 2024 |
| Rights Issue Record Date | 25 June 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 5 July 2024 |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | 19 July 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
SEPC Rights Offer Lead Manager
SUMEDHA FISCAL SERVICES LIMITED
6A Geetanjali, 6th Floor,
8B Middleton Street, Kolkata – 700071
Tel: (033) 2229 8936/6813 5900
E-mail: [email protected]
Website: www.sumedhafiscal.com
SEPC Rights Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
No. 01, Club House Road, Mount Road,
Chennai- 600 002, Tamil Nadu, India
Phone: +91 44 4002 0700/2846 0390
Email: [email protected]
Website: www.cameoindia.com
SEPC LIMITED
4th Floor, Bascon Futura SV, IT Park,
Venkata Narayana Road, Parthasarathy Puram,
T. Nagar Chennai – 600 017, Tamil Nadu, India
Phone: +91 44 4900 5555
Email: [email protected]
Website: www.sepc.in
SEPC Rights Offer FAQs
What is the SEPC Rights Issue Price?
The issue price is INR 13 per share.
What is the SEPC Rights Issue entitlement ratio?
The eligible shareholders are offered 6 Equity Shares for every 55 Equity Shares held on the record date.
What is the SEPC Rights Issue Record Date?
The Record date is 25 June 2024.
How to Apply for SEPC Rights Offer?
The best way to apply for SEPC 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.
