₹4.87 Crores | Listing at BSE | Mon, Jan 31, 2022 - Mon, Feb 14, 2022
Veer Global Infraconstruction Limited Rights Issue comprises 0.0812 Cr equity shares aggregating to ₹4.87 Cr, offered at an issue price of ₹60 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Jan 21, 2022.
As per the terms of payment, ₹60 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 28, 2022.
The Rights Issue opens on Jan 31, 2022, and closes on Feb 14, 2022, with renunciation of Rights Entitlements permitted up to Feb 9, 2022.
The deemed date of allotment is Feb 22, 2022, following which the equity shares are expected to be credited to demat accounts on Feb 28, 2022 and listed on the BSE on Mar 1, 2022.
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, Jan 21, 2022
Entitlement Ratio
:
Open Date
Mon, Jan 31, 2022
Close Date
Mon, Feb 14, 2022
| Particulars | For the year/period ended (Rs.in 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 | |
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.
[Dilip Davda] VGIL’s asking price and market prices are not in line with its financial performances so far. It came with a maiden IPO at Rs. 28 and now asking Rs. 60 with a well-managed counter with a manipulated price. The counter is currently under ASM LT – Stage 1 which also raises concern. There is no harm in skipping this costly bet. Read detail review...
Veer Global Infraconstruction Limited
Shop No 47 Shalibhadra Regency Shalibhadra Nagar,
100 ft. Road Behind Union Bank, Nalasopara (E),
Thane-401 209, Maharashtra India
Thane, Maharashtra, 401209
Purva Sharegistry (India) Pvt.Ltd.
The Veer Global Rights Issue opens on Mon, Jan 31, 2022, and closes on Mon, Feb 14, 2022.
Veer Global Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Jan 28, 2022 |
| Last Date for renunciation of Rights Entitlements | Wed, Feb 9, 2022 |
| Issue Opening Date | Mon, Jan 31, 2022 |
| Issue Closing Date | Mon, Feb 14, 2022 |
| Date of Allotment (on or about) | Tue, Feb 22, 2022 |
| Date of Credit (on or about) | Mon, Feb 28, 2022 |
| Date of Listing (on or about) | Tue, Mar 1, 2022 |
You can apply for Veer Global Rights Issue in two ways:
Steps to apply for Veer Global Rights Issue using Net Banking (ASBA)
Steps to apply for Veer Global Rights Issue using Registrar's website (R-WAP)
