Swiss Military Rights Issue is scheduled on 23 Aug – 6 Sep 2024
Founded in 1989 and headquartered in New Delhi, India, Swiss Military Consumer Goods operates as a public company. Specializing in the marketing, sale, distribution, and trading of various lifestyle products, the company offers a diverse range. Their portfolio includes men’s innerwear, home appliances (brown goods), travel gear, luggage, electronics, and more.
Swiss Military Consumer Goods markets over 1,500 products through more than 900 multi-brand outlets and 15 e-commerce platforms. This extensive reach is supported by a network of over 1,000 dealers and 15 manufacturing partners. As a subsidiary of Anushi Retail LLP, the company is continually expanding its market presence and product offerings to meet the evolving needs of consumers in India and beyond.
Demonstrating robust financial health, the Swiss Military has achieved an impressive average annual earnings growth rate of 79% over the past five years. The company has 86 employees on its payroll.
Promoters of Swiss Military Consumer Goods – Mr. Anuj Sawhney, Mrs. Ashita Sawhney, M/S Anushi Retail LLP, M/S Swiss Military Lifestyle Products Private Limited, and Ashok Sawhney Foundation
Swiss Military Consumer Goods Rights Issue Details
| Swiss Military Rights Issue Date | 23 Aug – 6 Sep 2024 |
| Swiss Military Rights Issue Price | INR 12.50 per share |
| Issue Size (in Shares) | 3,93,18,798 shares |
| Issue Size (in INR) | INR 49.15 crore |
| Issue Entitlement | 1 equity shares for every 5 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Swiss Military Rights Issue Record Date | 9 August 2024 |
| Face Value | INR 2 per share |
| Listing On | BSE |
Swiss Military Rights Issue Calculation
| Swiss Military Rights Issue Price | INR 12.50 per share |
| Market Price on Rights Issue Approval | INR 26.35 per share |
| Dilution Factor (X) | 1.20 |
| Fair Value After Dilution at Prevailing Price | INR 24.02 per share |
Swiss Military Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 5.19 | 55.50 | 122.21 |
| Expenses | 5.21 | 52.92 | 116.36 |
| Operating Margin (%) | 0.62 | 5.02 | 5.46 |
| Net Income | 0.03 | 2.75 | 5.18 |
Swiss Military Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet the incremental working capital requirement of the company – INR 19.71 crore
- To invest/infuse funds in the newly incorporated wholly owned subsidiary namely SM Travel Gear Private Limited, for the acquisition of plant & machinery for a new manufacturing facility dedicated to producing high-quality luggage & travel gear and also to meet the working capital requirements of the new plant – INR 24.51 crore
- General corporate purposes – INR 4.58 crore
Swiss Military Rights Offer Documents
Swiss Military Rights Issue Dates
| Rights Issue Approval Date | 25 July 2024 |
| Rights Issue Record Date | 9 August 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 23 August 2024 |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | 6 September 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Swiss Military Rights Offer Led Manager
TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED
714, Vishwadeep Building, Plot No. 4,
District Centre, Janakpuri, New Delhi- 110058
Phone: +91-11-45510390, 41395590
E-mail: [email protected]
Website:Â www.tcagroup.in
Swiss Military Rights Offer Registrar
ALANKIT ASSIGNMENTS LIMITED
4E/21, Alankit House, Jhandewalan
Extension, New Delhi – 110055
Phone: +91-11- 42541966
E-mail: [email protected]
Website:Â www.alankit.com
SWISS MILITARY CONSUMER GOODS LIMITED
621-624, 6th Floor, JMD Megapolis, Sohna Road,
Sector 48, Gurgaon-122001, Haryana
Phone: +91-11- 41067060
E-mail: [email protected]
Website:Â www.swissmilitaryshop.com
Swiss Military Rights Offer FAQs
What is the Swiss Military Rights Issue Price?
The issue price is INR 12.50 per share.
What is the Swiss Military Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 5 Equity Shares held on the record date.
What is the Swiss Military Rights Issue Record Date?
The Record date is 9 August 2024.
How to Apply for the Swiss Military Rights Offer?
The best way to apply for the Swiss Military 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.
