₹10.56 Crores | Listing at BSE | Fri, Feb 24, 2023 - Fri, Mar 10, 2023
Veer Global Infraconstruction Limited Rights Issue comprises 0.0812 Cr equity shares aggregating to ₹10.56 Cr, offered at an issue price of ₹130 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Feb 10, 2023, with the Rights Issue being offered in the entitlement ratio of 1:9.
As per the terms of payment, ₹130 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 22, 2023.
The Rights Issue opens on Feb 24, 2023 and closes on Mar 10, 2023.
The deemed date of allotment is Mar 21, 2023, following which the equity shares are expected to be credited to demat accounts on Mar 24, 2023 and listed on the BSE on Mar 29, 2023.
Navigant Corporate Advisors 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 Veer Global Infraconstruction Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Feb 10, 2023
Entitlement Ratio
1 : 9
Open Date
Fri, Feb 24, 2023
Close Date
Fri, Mar 10, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 35.01 | 13.00 | 0.27 |
| 31-Mar-22 | 47.62 | 7.82 | 0.39 |
| Amount in ₹ Crore | |||
Incorporated in 2012, Veer Global Infraconstruction Limited is engaged in the real estate business.
Veer Global are real estate developers, primarily focusing on the development of residential projects in the Vasai- Virar, and Palghar districts. The company has over 10 years of experience in developing residential projects in the low-income affordable housing segment.
The company offers creative pricing and flexible payment terms ranges within the low-income affordable housing market segment.
The Company proposes to utilize the net proceeds from the Issue towards funding the following objects.
[Dilip Davda] The company has been raising fresh capital from the market with rising issue prices. Since October 20 this is the third primary offer from the company. Though the RI is at a discount of around 39% to its last traded price, well-informed investors may consider parking funds as its financial performance is not matching the asking price. Read detail review...
Veer Global Infraconstruction Limited
A-01 Shalibhadra Classic,
100 feet Link Road, Near Union Bank of India,
Nalasopara (E), Thane -401 209
Thane, Maharashtra, 401209
Purva Sharegistry (India) Pvt.Ltd.
The Veer Global Infraconstruction Rights Issue 2023 opens on Fri, Feb 24, 2023, and closes on Fri, Mar 10, 2023.
Veer Global Infraconstruction Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Wed, Feb 22, 2023 |
| Last Date for renunciation of Rights Entitlements | Fri, Mar 3, 2023 |
| Issue Opening Date | Fri, Feb 24, 2023 |
| Issue Closing Date | Fri, Mar 10, 2023 |
| Date of Allotment (on or about) | Tue, Mar 21, 2023 |
| Date of Credit (on or about) | Fri, Mar 24, 2023 |
| Date of Listing (on or about) | Wed, Mar 29, 2023 |
You can apply for Veer Global Infraconstruction Rights Issue 2023 in two ways:
Steps to apply for Veer Global Infraconstruction Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Veer Global Infraconstruction Rights Issue 2023 using Registrar's website (R-WAP)
