Established in 1994, Sawaca Business Machines Limited is an Ahmedabad-based company engaged in the trading and export of machinery and local trading of metal scrap and cotton bales.
In Metal Trading, the company buys and sells various metals, including iron, steel, aluminum, copper, and other base metals.
Sawaca Business Machines Limited trades in perfumery chemicals, metal scraps, and cotton bales. They offer aromatic chemicals, such as geraniol, arsinon, D lemonene, and musk 101, and essential oils, including orange oil, patcholi oil, and various industrial perfumery compounds.
Sawaca Business Machines Limited also provides technical support, software development, and resource deployment for projects. Its IT services segment offers technology solutions to clients from various industries. The company has been in IT consulting and support for years and recently launched a matrimonial website/portal called www.nextgenshaadi.com.
Sawaca Business Machines Rights Issue 2024 Detail
| Issue Open | |
| Security Name | Sawaca Business Machines Ltd. |
| Issue Size (Shares) | 457,639,600 |
| Issue Size (Amount) | ₹45.76 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | Full Amount for Rights Equity Shares shall be payable by the eligible shareholders at the time of making an application. |
| Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Sawaca Business Machines Rights Issue 2024 Issue Timetable
| Last Date to buy shares | March 6, 2024 |
| Record Date | March 7, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Financials
Sawaca Business Machines Ltd. Financial Information (Restated Standalone)
Sawaca Business Machines Ltd.’s revenue decreased by -4.53% and profit after tax (PAT) rose by 34.34% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14.38 | 15.87 | 13.15 |
| Revenue | 3.65 | 3.82 | 3.67 |
| Profit After Tax | 0.55 | 0.41 | 0.22 |
| Net Worth | 12.91 | 12.77 | 12.37 |
| Reserves and Surplus | 0.93 | 1.97 | 1.75 |
| Amount in ₹ Crore | |||
Objects of the Issue:
The Company intends to utilize the proceeds of the Issue, after deducting Issue related expenses (“Net Proceeds”) towards the following objects:
- Incremental working capital requirements
- To meet General corporate purposes
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Company Contact Information
Sawaca Business Machines Ltd.
45, Chinubhai Towers, Opp. Handloom House,
Ashram Road,
Ahmedabad – 380009
Phone: 079-2658 7363
Email: sawaca.business@yahoo.com
Website: https://www.sawacabusiness.com/