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Urja Global Limited Rights Issue (Urja Global Rights Issue) Detail

₹25.00 Crores | Listing at BSE, NSE | Mon, Jan 25, 2021 - Wed, Feb 10, 2021

Rights Issue Detail
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Urja Global Limited Rights Issue comprises 5.00 Cr equity shares aggregating to ₹25.00 Cr, offered at an issue price of ₹5 per share with a face value of ₹1 per share.

The record date for determining eligible shareholders is Jan 15, 2021, with the Rights Issue being offered in the entitlement ratio of 7:71.

As per the terms of payment, ₹5 per share payable on application, with the balance payable in call(s).

The Rights Issue opens on Jan 25, 2021 and closes on Feb 10, 2021.

The deemed date of allotment is Feb 18, 2021, following which the equity shares are expected to be credited to demat accounts on Feb 19, 2021 and listed on NSE and BSE on Feb 22, 2021.

Alankit Assignments Ltd. is the Registrar to the Issue.

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

Record Date

Fri, Jan 15, 2021

Entitlement Ratio

7 : 71

Open Date

Mon, Jan 25, 2021

Close Date

Wed, Feb 10, 2021

Rights Issue Details

Rights Issue Timetable

Summary of financial Information (Consolidated)
Particulars For the year/period ended (? in Million)
30-Sep-20 31-Mar-20
Total Assets 5,252.72 4,861.84
Net Cash Flow (3.33) 0.31

About Urja Global Limited

Incorporated in 1992, Urja Global Limited Limited is one of India’s leading Renewable Energy developers and operators and a certified leading integrated Solar Power Company. The company is engaged in providing total solar solutions that include design, consultancy, integration, supply, installation, commissioning & maintenance of off-grid and grid-connected Solar Power Plants and decentralized Solar Applications. Urja Global is the 4th best voted eco-friendly company and an approved channel partner of the Ministry of New and Renewable Energy (MNRE), Govt. of India. Urja Global’s product portfolio consists of electric vehicles, solar study lamp, Lithium-ion battery, solar home lighting system, solar led lantern, solar panel, solar street light lithium-ion, solar water heater, solar water pump, and solar inverter. The company is committed to developing rural India by focusing on rural electrification in locations like hilly areas, forest regions, deserts, islands, and far-flung villages that require a reliable and uninterrupted power supply. Urja Global has two Wholly Owned Subsidiaries - Urja Batteries Limited, Urja Digital World Limited, and one Subsidiary, namely, Sahu Minerals and Properties Limited. With almost 29 years in the business, Urja Global has delivered 100+ corporate turnkey projects and completed 1300+ residential installations. Some of the Key Projects of the company include: • Installation of Solar LED Street Lights and Solar Panel in various Gram Panchayat across India. • Supply of Solar Lanterns to CRPF in Meghalaya. • Supply of AC LED Lights in Ardh Kumbh Mela in Haridwar. • Installation of SPV Power Plant at Shulabh Toilet Complex in Jharkhand.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilized: 1. To augment the existing and incremental working capital requirements of the Company; 2. Adjustment of unsecured loans against promoter entitlements; and 3. General corporate purposes.

Rights Issue Review

[Dilip Davda] Considering average financial performance and the jacked up prices off late post rights issue announcements, this issue is perhaps a trap. No appointment of merchant banker for this issue also raises eyebrows. There is no harm in giving this rights issue offer a miss. (AVOID). Read detail review...

Company Contact Information

Urja Global Limited
487/63, 1st Floor,
National Market, Peeragarhi,
New Delhi, 110087, India
New Delhi, New Delhi, 110087

Rights Issue Registrar

Alankit Assignments Ltd.

  • 011-42541234/23541234/42541201
  • urjarights@alankit.com
  • Visit Website

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Rights Issue FAQs

The Urja Global Rights Issue opens on Mon, Jan 25, 2021, and closes on Wed, Feb 10, 2021.

Urja Global Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights Entitlements
Issue Opening DateMon, Jan 25, 2021
Issue Closing DateWed, Feb 10, 2021
Date of Allotment (on or about)Thu, Feb 18, 2021
Date of Credit (on or about)Fri, Feb 19, 2021
Date of Listing (on or about)Mon, Feb 22, 2021
Urja Global Rights Issue price is set at ₹5 per share.
The eligible shareholders are being offered 7 Rights Equity Share(s) for every 71 fully paid-up Equity Shares held on Record Date (Fri, Jan 15, 2021).
The record date for the Urja Global Rights Issue is Fri, Jan 15, 2021.
The issue size of Urja Global Rights Issue is of 5,00,00,000 equity shares at ₹5 per share aggregating up to ₹25.00 Crores.
The Letter of Offer for Urja Global Rights Issue can be downloaded here.

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

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

Steps to apply for Urja 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 Urja Global Rights Issue is available on the list.
  4. Click the Apply button next to the Urja Global Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Urja 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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