₹49.03 Crores | Listing at BSE | Thu, Oct 3, 2024 - Fri, Oct 11, 2024
Tilak Ventures Ltd Rights Issue comprises 22.28 Cr equity shares aggregating to ₹49.03 Cr, offered at an issue price of ₹2.2 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Sep 13, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : The entire amount of the Issue Price of Rs 2.20/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Oct 16, 2024.
The Rights Issue opens on Oct 3, 2024, and closes on Oct 11, 2024, with renunciation of Rights Entitlements permitted up to Oct 4, 2024.
The deemed date of allotment is Oct 16, 2024, following which the equity shares are expected to be credited to demat accounts on Oct 17, 2024 and listed at the BSE on Oct 22, 2024.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Tilak Ventures Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Sep 13, 2024
Entitlement Ratio
1 : 1
Open Date
Thu, Oct 3, 2024
Close Date
Fri, Oct 11, 2024
The entire amount of the Issue Price of Rs 2.20/- per Rights Equity Share shall be payable at the time of Application.
Tilak Ventures Ltd's revenue increased by 78% and profit after tax (PAT) rose by 126% 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 | 80.49 | 76.73 | 51.33 |
| Revenue | 16.91 | 9.51 | 4.45 |
| Profit After Tax | 5.15 | 2.27 | -0.39 |
| Net Worth | 75.67 | 73.37 | 48.95 |
| Reserves and Surplus | 55.61 | 51.09 | 31.28 |
| Total Borrowing | 2.38 | 2.38 | 2.38 |
| Amount in ₹ Crore | |||
Incorporated in 1980, Tilak Ventures Limited trades shares, commodities, loans, advances, and other investment products.
The company operates in two segments.
Currently the Company is majorly into financing, investment and trading into shares, commodities, and bullion. It operates in two business segments; Finance and Commodities Activities.
The company proposes to utilize the Net Proceeds to:
[Dilip Davda] The company is coming out with RI for the 2nd time since February 2022. It kept changing its business plans from financial services to travel portal and again to finance services. It posted growth in its financial performance for the reported periods, but the surge in bottom lines for FY23 and FY24 raise eyebrows. Doubled equity may pose its servicing issue. Though the RI is at around 55% discount, well-informed investors may park moderate funds for medium term. Read detail review...
Tilak Ventures Rights Issue 2024 got oversubscribed by 1.41 times by the end of the bidding period with total bid quantity received by BSE of 31,48,98,999 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Oct 11 2024 17:00:00 | 31,48,98,999 | 1.41x |
Tilak Ventures Ltd
E-109, Crystal Plaza, New Link Road
Opposite Infinity Mall,
Andheri (West), Mumbai – 400 053
Andheri, Maharashtra, 400053
The Tilak Ventures Rights Issue 2024 opens on Thu, Oct 3, 2024, and closes on Fri, Oct 11, 2024.
Tilak Ventures Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Sep 19, 2024 |
| Last Date for renunciation of Rights Entitlements | Fri, Oct 4, 2024 |
| Issue Opening Date | Thu, Oct 3, 2024 |
| Issue Closing Date | Fri, Oct 11, 2024 |
| Date of Allotment (on or about) | Wed, Oct 16, 2024 |
| Date of Credit (on or about) | Thu, Oct 17, 2024 |
| Date of Listing (on or about) | Tue, Oct 22, 2024 |
You can apply for Tilak Ventures Rights Issue 2024 in two ways:
Steps to apply for Tilak Ventures Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Tilak Ventures Rights Issue 2024 using Registrar's website (R-WAP)
