Sylph Technologies Ltd. has announced its Rights Issue with key dates and details. The Rights Issue will open on April 25, 2025, and will close on May 10, 2025.
The record date to determine eligible shareholders is April 18, 2025. The company plans to issue 48,90,90,000 equity shares at a price of ₹1 per share, making the total issue size ₹48.91 crores.
The face value of each share is ₹1, and the shares will be listed on the Bombay Stock Exchange (BSE). Shareholders who hold fully paid-up equity shares as of the record date will be entitled to 15 Rights Equity Shares for every 11 shares they own.
The entire amount of ₹1 per share is to be paid at the time of application. This Rights Issue provides an affordable opportunity for existing shareholders to increase their holdings in Sylph Technologies at a very attractive price.
Overview of Contents
Sylph Technologies Rights Issue 2025 Overview
| Particulars | Details |
|---|---|
| Company Name | Sylph Technologies Ltd. |
| Stock Exchange for Listing | BSE (Bombay Stock Exchange) |
| Total Shares on Offer | 48,90,90,000 Equity Shares |
| Issue Value (Approx) | ₹48.91 Crores |
| Offer Price per Share | ₹1 |
| Nominal (Face) Value | ₹1 per share |
| Payment Terms | Full ₹1 to be paid at the time of application |
| Shareholder Entitlement | 15 rights shares for every 11 fully paid shares |
| Entitlement Ratio | 15:11 |
| Pricing Band | Fixed at ₹1 per share |
| Letter of Offer | Click here |
Sylph Technologies Rights Issue 2025 Dates
| Event | Date |
|---|---|
| Last Date to Buy Shares | 17 April 2025 |
| Record Date for Eligibility | 18 April 2025 |
| Rights Issue Opening Date | 25 April 2025 |
| Rights Issue Closing Date | 10 May 2025 |
| Last Date for Renunciation | 10 May 2025 |
| Deemed Date of Allotment | May 2025 (Tentative) |
How to Apply for Sylph Technologies Rights Issue 2025
Investors can apply for the Sylph Technologies Rights Issue through two convenient methods:
Net Banking via ASBA (Application Supported by Blocked Amount): Shareholders can apply directly through their bank’s net banking portal using the ASBA service. This method allows the application amount to be blocked in the bank account until the shares are allotted. Most banks offer ASBA services under the IPO or Rights Issue section.
Registrar’s Website (R-WAP Facility): Investors can also apply through the Registrar’s Web-Based Application Platform (R-WAP). This method enables eligible shareholders to submit their applications online by filling out the form on the official website of the registrar and making payment through net banking, UPI, or other online payment modes.
💼 Sylph Technologies Ltd Financial Performance
| Financial Metrics | FY 2023–24 (As of 31 Mar 2024) | FY 2022–23 (As of 31 Mar 2023) |
|---|---|---|
| Total Assets | ₹82.52 Crores | ₹17.89 Crores |
| Total Revenue | ₹16.16 Crores | ₹5.46 Crores |
| Net Profit / (Loss) | ₹(2.52) Crores | ₹0.64 Crores |
Object of the Issue
- To meet incremental working Capital requirements
- General corporate purposes
Sylph Technologies Rights Issue 2025 Allotment Status
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: [email protected]
Website: https://www.purvashare.com/investor-service/ipo-query
Sylph Technologies Rights Issue 2025 Lead Managers
- To Be Updated Soon
Company Address:
Sylph Technologies Ltd.
201,
E Johari Palace 51 M G Road,
Indore Tukoganj, Indore, 452001
Phone: 9977700223
Email: [email protected]
Website: http://www.sylphtechnologies.com/
Sylph Technologies Rights Issue 2025 FAQs
When is the Sylph Technologies Rights Issue 2025 Record Date?
The record date for Sylph Technologies Rights Issue 2025 is 18 April 2025.
What is the Sylph Technologies Rights Issue 2025 Price?
The issue price is fixed at ₹1 per equity share.
What is the Sylph Technologies Rights Issue 2025 Ratio?
The entitlement ratio is 15:11, meaning you will get 15 rights shares for every 11 shares held as of the record date.
How much is Sylph Technologies planning to raise?
The company aims to raise approximately ₹48.91 crores through this rights issue.
When will the rights issue open and close?
The rights issue will open on 25 April 2025 and close on 10 May 2025.
What is the last date to buy shares to be eligible?
The last date to buy shares to be eligible for rights issue is 17 April 2025.