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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
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.
| Issue Open | January 12, 2023 - February 10, 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 |
| Record Date | December 30, 2022 |
| Credit of Rights Entitlements | January 11, 2023 |
| Bid/Offer Opens On | January 12, 2023 |
| Renunciation of Rights Entitlements | January 25, 2023 |
| Bid/Offer Closes On | February 10, 2023 |
| Deemed Date of Allotment | February 15, 2023 |
| Credit Date | February 16, 2023 |
| Listing Date | March 1, 2023 |
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-21 | 66.58 | -0.35 | 11.71 | 2.3 |
| 31-Mar-22 | 16.82 | 0.24 | 11.95 | 1.62 |
| 30-Sep-22 | 23.31 | -3.06 | 8.88 | 14.6 |
| Amount in ₹ Crore | ||||
The Company intends to utilize the proceeds of the Issue towards the following objects:
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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/
Adroit Corporate Services Pvt Ltd
Phone: 91- 22- 2859 6060/2859 4060
Email: divyan@adroitcorporate.com
Website: http://www.adroitcorporate.com
The Visagar Financial Services Rights Issue 2022 opens on January 12, 2023, and closes on February 10, 2023.
Visagar Financial Services Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | January 11, 2023 |
| Last Date for renunciation of Rights Entitlements | January 25, 2023 |
| Issue Opening Date | January 12, 2023 |
| Issue Closing Date | February 10, 2023 |
| Date of Allotment (on or about) | February 15, 2023 |
| Date of Credit (on or about) | February 16, 2023 |
| Date of Listing (on or about) | March 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 (December 30, 2022).
The record date for the Visagar Financial Services Rights Issue 2022 is December 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:
Steps to apply for Visagar Financial Services Rights Issue 2022 using Net Banking (ASBA)
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)
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