Prismx Global Ventures Limited Rights Issue (Prismx Global Rights Issue) Detail

₹48.83 Crores | Listing at BSE | Mon, Mar 14, 2022 - Mon, Mar 28, 2022

Prismx Global Ventures Limited Logo

Prismx Global Ventures Limited Rights Issue comprises 12.21 Cr equity shares aggregating to ₹48.83 Cr, offered at an issue price of ₹4 per share with a face value of ₹1 per share.

The record date for determining eligible shareholders is Mar 3, 2022.

As per the terms of payment, ₹4 per share payable on application, with the balance payable in call(s).

The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 11, 2022.

The Rights Issue opens on Mar 14, 2022, and closes on Mar 28, 2022, with renunciation of Rights Entitlements permitted up to Mar 22, 2022.

The deemed date of allotment is Apr 8, 2022, following which the equity shares are expected to be credited to demat accounts on Apr 11, 2022 and listed on the BSE on Apr 13, 2022.

Capital Square Advisors Pvt.Ltd. is the Lead Manager to the issue and Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.

Investors are advised to refer to the Prismx Global Ventures Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.

Record Date

Thu, Mar 3, 2022

Entitlement Ratio

:

Open Date

Mon, Mar 14, 2022

Close Date

Mon, Mar 28, 2022

Rights Issue Details

Rights Issue Timetable

Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs.in million)
  31-Mar-21 31-Mar-20
Total Assets 448.66 435.74
Total Income 79.69 223.33
Profit After Tax 13.37 9.72

About Prismx Global Ventures Limited

Incorporated in 1973, Prismx Global Ventures Ltd is engaged in finance, trade, investment, and consultancy service offerings. It also has its OTT channel, GudGudi in the digital media space where it stream comedy movies, TV series, Poetry sessions, classic shows, etc. The OTT Segments generates advertising revenue and licensing revenue from licensed content.

Objects of the Issue:

  1. Towards working capital requirements.
  2. General corporate purposes.

Rights Issue Review

[Dilip Davda] The counter is well operated by vested interests to lure investors for this RI offer. Based on its financial data, the issue is fully priced. Cash surplus/risk seeker investors may consider parking of funds for the long term. Read detail review...

Company Contact Information

Prismx Global Ventures Limited
412, Hubtown Solaris,
Saiwadi, N S Phadkemarg,
Andheri (East) Mumbai - 400069
Andheri, Maharashtra, 400069

Rights Issue Registrar

Purva Sharegistry (India) Pvt.Ltd.

Rights Issue Lead Manager(s)

  1. Capital Square Advisors Pvt.Ltd.

Rights Issue FAQs

The Prismx Global Rights Issue opens on Mon, Mar 14, 2022, and closes on Mon, Mar 28, 2022.

Prismx Global Rights Issue Schedule

Last Date for credit of Rights EntitlementsFri, Mar 11, 2022
Last Date for renunciation of Rights EntitlementsTue, Mar 22, 2022
Issue Opening DateMon, Mar 14, 2022
Issue Closing DateMon, Mar 28, 2022
Date of Allotment (on or about)Fri, Apr 8, 2022
Date of Credit (on or about)Mon, Apr 11, 2022
Date of Listing (on or about)Wed, Apr 13, 2022
Prismx Global Rights Issue price is set at ₹4 per share.
The eligible shareholders are being offered 43 rights equity share for every 100 fully paid-up equity shares held on the record date (Thu, Mar 3, 2022).
The record date for the Prismx Global Rights Issue is Thu, Mar 3, 2022.
The issue size of Prismx Global Rights Issue is of 12,20,77,000 equity shares at ₹4 per share aggregating up to ₹48.83 Crores.
The Letter of Offer for Prismx Global Rights Issue can be downloaded here.

You can apply for Prismx Global Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Prismx Global Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Prismx Global Rights Issue is available on the list.
  4. Click the Apply button next to the Prismx Global Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Steps to apply for Prismx Global Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Prismx Global Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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