₹48.92 Crores | Listing at BSE, NSE | Wed, Feb 7, 2024 - Tue, Feb 27, 2024
Magnum Ventures Limited Rights Issue comprises 0.9059 Cr equity shares aggregating to ₹48.92 Cr, offered at an issue price of ₹54 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jan 25, 2024, with the Rights Issue being offered in the entitlement ratio of 2 : 11.
The term of payment is defined as following : Issue Price of Rs.54/- per Rights Equity Share (including premium of Rs.44/- per Rights Equity Share) shall be payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Feb 7, 2024, and closes on Feb 27, 2024, with renunciation of Rights Entitlements permitted up to Feb 16, 2024.
The deemed date of allotment is Mar 5, 2024, following which the equity shares are expected to be credited to demat accounts on Mar 6, 2024 and listed at the NSE and the BSE on Mar 11, 2024.
MAS Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Magnum Ventures Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Jan 25, 2024
Entitlement Ratio
2 : 11
Open Date
Wed, Feb 7, 2024
Close Date
Tue, Feb 27, 2024
Issue Price of Rs.54/- per Rights Equity Share (including premium of Rs.44/- per Rights Equity Share) shall be payable on Application.
Magnum Ventures Limited's revenue increased by 40.38% and profit after tax (PAT) rose by 1276.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,042.72 | 314.97 | 315.10 | |
| Revenue | 465.50 | 331.60 | 182.41 | |
| Profit After Tax | 48.39 | 70.86 | 5.15 | 1.34 |
| Net Worth | 600.68 | 583.94 | -51.17 | -56.73 |
| Reserves and Surplus | 541.84 | -88.77 | -94.33 | |
| Total Borrowing | 167.18 | 166.12 | 273.61 | 294.48 |
| Amount in ₹ Crore | ||||
Incorporated in 1980, Magnum Ventures Limited was formerly known as Magnum Paper Limited. Magnum Ventures is a manufacturer Printing paper and Duplex Board. The company has a large infrastructure of 65000 square meters and a building area of five lacs square feet in Sahibabad Industrial Area, Ghaziabad. The installed capacity is 85000 TPA.
The current manufacturing operations include the production of printing and writing papers, duplex boards, Xerox paper, wrapping and packing paper, and more. The installed capacity for these products is 85,000 metric tons per year, based on a three-shift system and 330 working days per year.
The Paper Division's factory is situated in an area of 60,000 square meters, and the built-up area is 500,000 square feet. The company operates in six different locations, all of which are located in East Delhi NCR, Sahibabad, Ghaziabad, which is close to the famous Akshardham temple.
In 2009, the company diversified by opening the only five-star vegetarian hotel in India. The company owns and operates a five-star deluxe hotel with 216 rooms in Sahibabad district, bordering Delhi. The company is the owner and operator of the Country Inn and Suites by Carlson (now Radisson) Hotel located in Sahibabad. This hotel is the second-largest one under the Country Inn and Suites by Carlson brand and holds the distinction of being the first vegetarian five-star hotel in India.
As of September 30, 2023, the company employs 1,488 staff members, including Executive Directors who oversee business operations, factory management, administration, secretarial work, marketing, and accounting functions, according to their respective goals.
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is engaged in packaging and Kraft paper manufacturing and marketing and is also in hospitality industry. It marked stead growth for the reported periods, but bumper net profit for FY23 raise eyebrows. Well-informed investors may park funds for the medium term rewards. Read detail review...
Magnum Ventures Rights Issue 2024 got oversubscribed by 1.03 times by the end of the bidding period with total bid quantity received by BSE and NSE of 93,73,619 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Feb 27 2024 17:00:00 | 86,96,200 | 6,77,419 | 93,73,619 | 1.03x |
Magnum Ventures Limited
HNO-MN01, Hub and Oak, E-14
Lower Ground Floor, Defence Colony,
New Delhi-110024
New Delhi, New Delhi, 110024
The Magnum Ventures Rights Issue 2024 opens on Wed, Feb 7, 2024, and closes on Tue, Feb 27, 2024.
Magnum Ventures Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Feb 16, 2024 |
| Issue Opening Date | Wed, Feb 7, 2024 |
| Issue Closing Date | Tue, Feb 27, 2024 |
| Date of Allotment (on or about) | Tue, Mar 5, 2024 |
| Date of Credit (on or about) | Wed, Mar 6, 2024 |
| Date of Listing (on or about) | Mon, Mar 11, 2024 |
You can apply for Magnum Ventures Rights Issue 2024 in two ways:
Steps to apply for Magnum Ventures Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Magnum Ventures Rights Issue 2024 using Registrar's website (R-WAP)
