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Visagar Financial Services Limited Rights Issue (Visagar Financial Services Rights Issue 2022) Detail

Jan 12, 2023 - Feb 2, 2023
Visagar Financial Services Limited Logo

Incorporated in 1994, Visagar Financial Services Limited is a Non-Banking Financial Company (NBFC) and is registered with RBI to carry out its operations. The Company is a non-deposit taking Non-Banking Financial Company (NBFC-Non-Systematically Important NonDeposit Taking Company categorized as Investment and Credit Company i.e. ICC).

The portfolio of Visagar Financial Services is broadly categorized into

  1. Investments - Quoted and Unquoted
  2. Lending - Secured and Unsecured
  3. Consulting - Financial Advisory and Corporate Advisory

The operations of Visagar Financial Services broadly include investing in securities of listed and unlisted companies. They precisely considered factors like opportunities, and market conditions; both long-term and short-term while investing. Visagar Financial Services has diversified its investments in a variety of sectors. They generate maximum revenue from the sale of shares.

The company's portfolio also includes providing secured and unsecured loans based on the client's risk profiles.

Visagar Financial Services Rights Issue 2022 Detail

Issue Open Jan 12, 2023 - Feb 2, 2023
Security Name Visagar Financial Services Limited
Issue Size (Shares) 497,387,700
Issue Size (Amount) ₹49.74 Crores
Issue Price ₹1 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

The Issue Price of Re. 1.00 per Rights Equity Share shall be payable on application.

Entitlement 51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date

Visagar Financial Services Rights Issue 2022 Issue Timetable

Record Date Dec 30, 2022
Credit of Rights Entitlements Jan 11, 2023
Bid/Offer Opens On Jan 12, 2023
Renunciation of Rights Entitlements Jan 25, 2023
Bid/Offer Closes On Feb 2, 2023
Deemed Date of Allotment Feb 15, 2023
Credit Date Feb 16, 2023
Listing Date Mar 1, 2023

Company Financials

Visagar Financial Services Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2166.58-0.3511.712.3
31-Mar-2216.820.2411.951.62
30-Sep-2223.31-3.068.8814.6
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the proceeds of the Issue towards the following objects:

  1. To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities; and
  2. General corporate purposes

Visagar Financial Services Rights Issue 2022 Documents

Visagar Financial Services Rights Issue 2022 Rating

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Visagar Financial Services Rights Issue 2022 Reviews

Company Contact Information

Visagar Financial Services Limited
907-908, Dev Plaza, 9th Floor,
S.V. Road, Andheri (West),
Mumbai - 400 058

Phone: +91 22 67424815
Email: companysecretary@sakumaexportsltd.com
Website: http://www.vfsl.org/

Visagar Financial Services Rights Issue 2022 Registrar

  1. Adroit Corporate Services Pvt Ltd
    Phone: 91- 22- 2859 6060/2859 4060
    Email: divyan@adroitcorporate.com
    Website: http://www.adroitcorporate.com

Visagar Financial Services Rights Issue 2022 Lead Manager(s)

Visagar Financial Services Rights Issue 2022 FAQs

The Visagar Financial Services Rights Issue 2022 opens on Jan 12, 2023, and closes on Feb 2, 2023.

Visagar Financial Services Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsJan 11, 2023
Last Date for renunciation of Rights EntitlementsJan 25, 2023
Issue Opening DateJan 12, 2023
Issue Closing DateFeb 2, 2023
Date of Allotment (on or about)Feb 15, 2023
Date of Credit (on or about)Feb 16, 2023
Date of Listing (on or about)Mar 1, 2023

Visagar Financial Services Rights Issue 2022 price is set at ₹1 per share per equity share.

The eligible shareholders are being offered 51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date (Dec 30, 2022).

The record date for the Visagar Financial Services Rights Issue 2022 is Dec 30, 2022.

The issue size of Visagar Financial Services Rights Issue 2022 is of 497,387,700 equity shares at ₹1 per share aggregating upto ₹49.74 Crores.

The Letter of Offer for Visagar Financial Services Rights Issue 2022 can be download here.

You can apply for Visagar Financial Services Rights Issue 2022 in two ways:

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

Steps to apply for Visagar Financial Services Rights Issue 2022 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 Visagar Financial Services Rights Issue 2022 available on the list.
  4. Click the Apply button next to the Visagar Financial Services Rights Issue 2022.
  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 Visagar Financial Services Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Visagar Financial Services Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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