₹6.50 Crores | Listing at BSE | Wed, Feb 2, 2022 - Wed, Feb 16, 2022
Vidli Restaurants Limited Rights Issue comprises 0.6495 Cr equity shares aggregating to ₹6.50 Cr, offered at an issue price of ₹10 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, ₹10 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 1, 2022.
The Rights Issue opens on Feb 2, 2022, and closes on Feb 16, 2022, with renunciation of Rights Entitlements permitted up to Feb 10, 2022.
The deemed date of allotment is Mar 3, 2022, following which the equity shares are expected to be credited to demat accounts on Mar 4, 2022 and listed on the BSE on Mar 8, 2022.
Capital Square Advisors Pvt.Ltd. is the Lead Manager to the issue and Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Vidli Restaurants 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
Wed, Feb 2, 2022
Close Date
Wed, Feb 16, 2022
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 85.66 | 86.54 | |
| Total Revenue | 30.23 | 49.17 | |
| Profit After Tax | 0.49 | 1.63 | |
Vidli is engaged in the business of hospitality, food products, and allied activities. The primary business of the company is to grant franchisees under trademarks.
As of March 31, 2021, there were 35 franchisee outlets of the company under the trademark "Vithal Kamats/ Kamats", 2 franchise outlets under the trademark "Urban Dhaba - The Rich Taste of Punjab', 1 under the trademark "Pepper Fry Veg Multi-Cuisine Kitchen - By Kamtas" and 1 outlet under "Waah Malvan" brand. The company also has a cloud kitchen under the brand name "Multi Brand Cloud Kitchen" for delivery and takeaway foods.
The Company also has a venture in the production of ready-to-eat food products, a variety of namkeens which include mini bhakarvadi, methi gathiya, kabuli chana, thikha boondi, etc.
[Dilip Davda] Post listing after maiden IPO, the company has seen many ups and downs and despite all odds and struggles, it sustained slow but steady growth till pandemic. Though it suffered a minor setback during pandemic periods, it is now on a fast forward mode with many innovative ideas and product launches. Cash surplus, risk seeker investors may consider investing in this at par RI with a long term perspective. Read detail review...
Vidli Restaurants Limited
D-09, Eastern Business District,
LBS Road Bhandup West,
Mumbai 400 078, Maharashtra, India
Mumbai, Maharashtra, 400078
The Vidli Restaurants Rights Issue opens on Wed, Feb 2, 2022, and closes on Wed, Feb 16, 2022.
Vidli Restaurants Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Tue, Feb 1, 2022 |
| Last Date for renunciation of Rights Entitlements | Thu, Feb 10, 2022 |
| Issue Opening Date | Wed, Feb 2, 2022 |
| Issue Closing Date | Wed, Feb 16, 2022 |
| Date of Allotment (on or about) | Thu, Mar 3, 2022 |
| Date of Credit (on or about) | Fri, Mar 4, 2022 |
| Date of Listing (on or about) | Tue, Mar 8, 2022 |
You can apply for Vidli Restaurants Rights Issue in two ways:
Steps to apply for Vidli Restaurants Rights Issue using Net Banking (ASBA)
Steps to apply for Vidli Restaurants Rights Issue using Registrar's website (R-WAP)
