₹9.00 Crores | Listing at BSE, NSE | Tue, May 28, 2024 - Wed, Jun 26, 2024
Viji Finance Ltd Rights Issue comprises 6.00 Cr equity shares aggregating to ₹9.00 Cr, offered at an issue price of ₹1.5 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is May 15, 2024, with the Rights Issue being offered in the entitlement ratio of 8 : 11.
The term of payment is defined as following : All money payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jun 14, 2024.
The Rights Issue opens on May 28, 2024, and closes on Jun 26, 2024, with renunciation of Rights Entitlements permitted up to Jun 4, 2024.
The deemed date of allotment is Jun 14, 2024, following which the equity shares are expected to be credited to demat accounts on Jun 19, 2024 and listed at the NSE and the BSE on Jun 24, 2024.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Viji Finance Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, May 15, 2024
Entitlement Ratio
8 : 11
Open Date
Tue, May 28, 2024
Close Date
Wed, Jun 26, 2024
All money payable at the time of Application.
Viji Finance Ltd's revenue increased by 64.41% and profit after tax (PAT) dropped by -1.66% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 22.55 | 17.46 | 15.74 | |
| Revenue | 2.09 | 1.27 | 0.94 | |
| Profit After Tax | 0.15 | 0.43 | 0.44 | 0.45 |
| Net Worth | 12.18 | 12.04 | 11.60 | 11.16 |
| Reserves and Surplus | 3.79 | 3.35 | 2.91 | |
| Total Borrowing | 11.46 | 9.20 | 4.68 | 3.55 |
| Amount in ₹ Crore | ||||
Established in 1994, Viji Finance Limited, formerly known as Panjon Finance Limited, provides financial services to corporates and individuals in the areas of corporate finance, personal loans, gold loans and personal loans.
The company is mainly active in the areas of infrastructure, housing, infrastructure development, construction and vehicle financing in India.
As at December 31, 2023, the company had 4 employees in the business operations, administration, secretarial and legal departments.
The Company proposes to utilize the Net Proceeds towards funding the following Objects:
[Dilip Davda] Though this RI is at a discount of around 51% based on its last traded price, it’s a pure “High Risk/Low Return” bet based on its minuscule financial trace record so far. There is no harm in skipping this pricey bet. Read detail review...
Viji Finance Rights Issue 2024 got oversubscribed by 1.09 times by the end of the bidding period with total bid quantity received by BSE and NSE of 6,55,85,067 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jun 26 2024 16:50:00 | 5,09,53,532 | 1,46,31,535 | 6,55,85,067 | 1.09x |
Viji Finance Ltd
11/2, Usha Ganj,
Jaora Compound,
Indore - 452001
Indore, Madhya Pradesh, 452001
The Viji Finance Rights Issue 2024 opens on Tue, May 28, 2024, and closes on Wed, Jun 26, 2024.
Viji Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, May 24, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Jun 4, 2024 |
| Issue Opening Date | Tue, May 28, 2024 |
| Issue Closing Date | Wed, Jun 26, 2024 |
| Date of Allotment (on or about) | Fri, Jun 14, 2024 |
| Date of Credit (on or about) | Wed, Jun 19, 2024 |
| Date of Listing (on or about) | Mon, Jun 24, 2024 |
You can apply for Viji Finance Rights Issue 2024 in two ways:
Steps to apply for Viji Finance Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Viji Finance Rights Issue 2024 using Registrar's website (R-WAP)
