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Veer Global Infraconstruction Limited Rights Issue (Veer Global Rights Issue) Detail

January 31, 2022 - February 14, 2022
Veer Global Infraconstruction Limited Logo

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.

Veer Global Rights Issue Detail

Issue Open January 31, 2022 - February 14, 2022
Security Name Veer Global Infraconstruction Limited
Issue Size (Shares) 812,000
Issue Size (Amount) ₹4.87 Crores
Issue Price ₹60 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment The entire amount of the issue price of Rs. 60 per equity share shall be payable at the time of application.
Entitlement 1 Rights Equity Shares for every 8 fully paid-up Equity Shares held on the Record date

Veer Global Rights Issue Issue Timetable

Record Date January 21, 2022
Credit of Rights Entitlements January 28, 2022
Bid/Offer Opens On January 31, 2022
Renunciation of Rights Entitlements February 9, 2022
Bid/Offer Closes On February 14, 2022
Deemed Date of Allotment February 22, 2022
Credit Date February 28, 2022
Listing Date March 1, 2022

Company Financials

Summary of financial Information (Consolidated)
Particulars For the year/period ended ( Millions)
  31-Mar-21 31-Mar-20
Total Assets 353.86 326.27
Total Income 130.04 85.12
Profit After Tax 1.94 1.91

Objects of the Issue:

  • To part finance incremental working capital;
  • To meet general corporate purposes;
  • To meet the expenses of the issue.

Veer Global Rights Issue Documents

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Company Contact Information

Veer Global Infraconstruction Limited
Shop No 47 Shalibhadra Regency Shalibhadra Nagar,
100 ft. Road Behind Union Bank, Nalasopara (E),
Thane-401 209, Maharashtra India

Phone: +91-8484817311

Veer Global Rights Issue Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761

Veer Global Rights Issue Lead Manager(s)

Veer Global Rights Issue FAQs

The Veer Global Rights Issue opens on January 31, 2022, and closes on February 14, 2022.

Veer Global Rights Issue Schedule

Last Date for credit of Rights EntitlementsJanuary 28, 2022
Last Date for renunciation of Rights EntitlementsFebruary 9, 2022
Issue Opening DateJanuary 31, 2022
Issue Closing DateFebruary 14, 2022
Date of Allotment (on or about)February 22, 2022
Date of Credit (on or about)February 28, 2022
Date of Listing (on or about)March 1, 2022

Veer Global Rights Issue price is set at ₹60 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Shares for every 8 fully paid-up Equity Shares held on the Record date (January 21, 2022).

The record date for the Veer Global Rights Issue is January 21, 2022.

The issue size of Veer Global Rights Issue is of 812,000 equity shares at ₹60 per share aggregating upto ₹4.87 Crores.

The Letter of Offer for Veer Global Rights Issue can be download here.

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

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

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

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

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

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