₹27.00 Crores | Listing at BSE | Fri, Oct 25, 2024 - Fri, Nov 22, 2024
Edvenswa Enterprises Limited Rights Issue comprises 0.4500 Cr equity shares aggregating to ₹27.00 Cr, offered at an issue price of ₹60 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Oct 14, 2024, with the Rights Issue being offered in the entitlement ratio of 20 : 41.
The term of payment is defined as following : The full amount is payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 18, 2024.
The Rights Issue opens on Oct 25, 2024, and closes on Nov 22, 2024, with renunciation of Rights Entitlements permitted up to Nov 18, 2024.
The deemed date of allotment is Nov 18, 2024, following which the equity shares are expected to be credited to demat accounts on Nov 22, 2024 and listed at the BSE on Nov 25, 2024.
Finshore Management Services Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Edvenswa Enterprises Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Oct 14, 2024
Entitlement Ratio
20 : 41
Open Date
Fri, Oct 25, 2024
Close Date
Fri, Nov 22, 2024
The full amount is payable on application.
Edvenswa Enterprises Limited's revenue increased by 63.95% and profit after tax (PAT) rose by 27.58% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 64.17 | 49.66 | 24.71 |
| Revenue | 84.95 | 51.81 | 39.06 |
| Profit After Tax | 7.38 | 5.78 | 3.73 |
| Net Worth | 52.69 | 43.40 | 18.84 |
| Reserves and Surplus | 33.76 | 24.76 | 9.44 |
| Amount in ₹ Crore | |||
Edvenswa Enterprises Limited was incorporated on 18th April, 1980 originally as KLK Electrical Industries Private Limited.
Edvenswa Enterprises Limited, a holding company, specializes in software development and IT solutions, enhancing applications and providing quality services in various sectors. The company provides comprehensive services for the entire lifecycle of an organization, including software design, development, testing, deployment, support, and maintenance for clients.
The Company offers major Services like UI/UX Design & Development, Rapid Prototyping, Enterprise Application Engineering, Software Quality Assurance, Social/Mobile Application Development, Application Integration, Maintenance & Migration Services, Cloud & DevOps, and Extended R&D Partnering.
The Company proposes to utilize the funds being raised through this offer towards the objects mentioned below: The Objects of the Issue are:
[Dilip Davda] This is the second RI from the company since February 2023. It is engaged in the business of providing IT solutions globally. It marked steady growth in its top and bottom lines for the reported periods, but based on its market price movements, the RI appears aggressively priced. Well-informed investors may park moderate funds for long term. Read detail review...
Edvenswa Enterprises Rights Issue 2024 got oversubscribed by 1.03 times by the end of the bidding period with total bid quantity received by BSE of 46,13,154 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Nov 22 2024 17:00:00 | 46,13,154 | 1.03x |
Edvenswa Enterprises Limited
IQ 3-A2, First Floor
Cyber Towers, Hitec City, Madhapur,
Hyderabad, Shaikpet - 500081
Hyderabad, Telangana, 500081
The Edvenswa Enterprises Rights Issue 2024 opens on Fri, Oct 25, 2024, and closes on Fri, Nov 22, 2024.
Edvenswa Enterprises Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Oct 24, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Nov 18, 2024 |
| Issue Opening Date | Fri, Oct 25, 2024 |
| Issue Closing Date | Fri, Nov 22, 2024 |
| Date of Allotment (on or about) | Mon, Nov 18, 2024 |
| Date of Credit (on or about) | Fri, Nov 22, 2024 |
| Date of Listing (on or about) | Mon, Nov 25, 2024 |
You can apply for Edvenswa Enterprises Rights Issue 2024 in two ways:
Steps to apply for Edvenswa Enterprises Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Edvenswa Enterprises Rights Issue 2024 using Registrar's website (R-WAP)
