Established in 1989, Sparc Electrex Limited is a dynamic enterprise involved in the manufacturing, importing, exporting, trading, and distribution of a diverse array of Garden Tools, Power Tools, Cordless Tools, Hand Tools, Machinery, Spares & Accessories. Additionally, the company engages in the trade of Prime Steel Products, encompassing Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, Mild & Stainless Steel, and various other Metals.
The company’s product range spans across several categories:
- POWER TOOLS – Encompassing Portable Electric Power Tools, Garden Tools, Pneumatic Tools, Cordless Tools, and Wood Working Tools.
- METALS AND STEEL PRODUCTS – Involving Prime Steel Products, Hot Rolled (HR) / Cold Rolled Coils, Sheets & Pipes, as well as Mild & Stainless Steel.
Guided by a skilled and seasoned management team, Sparc Electrex Limited boasts extensive expertise in its domain. The company previously operated in the realm of Video Security Systems and Electronic Document Storage Systems, but this aspect was discontinued following a takeover in October. Since then, Sparc Electrex has effectively diversified its operations into new sectors.
A prominent strength of the company lies in its wide-ranging product portfolio, catering to the varied needs of its customers. Rigorous quality assurance systems are in place to ensure the delivery of top-tier products to end users.
Sparc Systems Ltd. Stock Quote #
- Open: ₹31.90
- High – Low: ₹32.60 – ₹31.90
- Previous Close: ₹32.05
- Total Traded Value: 3,096
- Updated On: Aug 11, 2023 4:00 PM
Sparc Electrex Rights Issue 2023 Detail #
| Issue Open | Mar 14, 2023 – Apr 12, 2023 |
| Security Name | Sparc Electrex Limited |
| Issue Size (Shares) | 14,667,000 |
| Issue Size (Amount) | ₹27.87 Crores |
| Issue Price | ₹19 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Rs. 4.75 is payable on application and the remaining sum of Rs. 14.25 is payable on subsequent call(s) as determined by the company. |
| Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Sparc Electrex Rights Issue 2023 Issue Timetable #
| Last Date to buy shares | Feb 27, 2023 |
| Record Date | Feb 28, 2023 |
| Credit of Rights Entitlements | Mar 9, 2023 |
| Bid/Offer Opens On | Mar 14, 2023 |
| Renunciation of Rights Entitlements | Apr 6, 2023 |
| Bid/Offer Closes On | Apr 12, 2023 |
| Deemed Date of Allotment | Apr 21, 2023 |
| Credit Date | Apr 27, 2023 |
| Listing Date | May 3, 2023 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-20 | 0.09 | -0.01 |
| 31-Mar-21 | 0.05 | -2.00 |
| 31-Mar-22 | 15.07 | 2.12 |
| Amount in ₹ Crore | ||
Objects of the Issue: #
The Company proposes to utilize the Net Proceeds to:
- To meet Working Capital Requirements;
- To adjust an unsecured loan given by one of Electrex International Private Limited, one of the Corporate Promoters;
- To meet issue-related expenses;
- General Corporate Purposes.
Sparc Electrex Rights Issue 2023 Documents #
Company Contact Information #
1202, 12th Floor, Esperanza Building,
Next to Bank of Baroda, 198, Linking Road,
Bandra (West), Mumbai – 400050Phone: +91-9819001811
Email: sparcelectrex@gmail.com
Website: http://www.sparcelectrex.com/
Sparc Electrex Rights Issue 2023 Registrar #
- Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: sparcelectrex.rights@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
