₹4.49 Crores | Listing at BSE | Mon, Aug 19, 2024 - Mon, Sep 2, 2024
Vishvprabha Ventures Ltd Rights Issue comprises 0.1403 Cr equity shares aggregating to ₹4.49 Cr, offered at an issue price of ₹32 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Aug 7, 2024, with the Rights Issue being offered in the entitlement ratio of 9 : 11.
The term of payment is defined as following : Entire Amount to be Paid on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Sep 11, 2024.
The Rights Issue opens on Aug 19, 2024, and closes on Sep 2, 2024, with renunciation of Rights Entitlements permitted up to Aug 27, 2024.
The deemed date of allotment is Sep 11, 2024, following which the equity shares are expected to be credited to demat accounts on Sep 16, 2024 and listed at the BSE on Sep 18, 2024.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Vishvprabha Ventures Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Aug 7, 2024
Entitlement Ratio
9 : 11
Open Date
Mon, Aug 19, 2024
Close Date
Mon, Sep 2, 2024
Entire Amount to be Paid on Application.
Vishvprabha Ventures Ltd's revenue increased by 216.3% and profit after tax (PAT) dropped by -289.68% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 25.25 | 12.20 | 7.13 |
| Revenue | 5.96 | 1.88 | 2.70 |
| Profit After Tax | -0.27 | -0.07 | -0.44 |
| Net Worth | 3.86 | 4.13 | |
| Total Borrowing | 17.10 | 6.79 | |
| Amount in ₹ Crore | |||
Incorporated in January 1985, Vishvprabha Ventures Limited is involved in contracting and sub-contracting for various projects, specializing in the construction of commercial and industrial structures. The company's primary focus is civil construction projects, which encompass the construction of:
The company has two subsidiaries: Vishvprabha & VS Buildcon Private Limited, which are currently in the real estate development business.
The company intends to build affordable township and housing projects to reap multiple benifits.
As on June 30, 2023 the company employees 27 people in various departments.
The company intends to utilise the net proceeds from the Issue (the "Net Proceeds") towards funding the following objects:
[Dilip Davda] Though this RI appears lucratively priced compared to its last traded price of Rs. 57.01, it’s an aggressively priced RI as the company has posted minuscule performance with losses for the last two fiscals. It is operating in a highly competitive and fragmented segment. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
Vishvprabha Ventures Rights Issue 2024 got oversubscribed by 2.23 times by the end of the bidding period with total bid quantity received by BSE of 31,25,587 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Sep 02 2024 17:00:00 | 31,25,587 | 2.23x |
Vishvprabha Ventures Ltd
Ground Floor, Avighna Heights
Survey No. 45-4B, Behind Sarvoday Park
Nandivali Road, Dombivali East, Thane – 421201
Thane, Maharashtra, 421201
The Vishvprabha Ventures Rights Issue 2024 opens on Mon, Aug 19, 2024, and closes on Mon, Sep 2, 2024.
Vishvprabha Ventures Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Fri, Aug 16, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Aug 27, 2024 |
| Issue Opening Date | Mon, Aug 19, 2024 |
| Issue Closing Date | Mon, Sep 2, 2024 |
| Date of Allotment (on or about) | Wed, Sep 11, 2024 |
| Date of Credit (on or about) | Mon, Sep 16, 2024 |
| Date of Listing (on or about) | Wed, Sep 18, 2024 |
You can apply for Vishvprabha Ventures Rights Issue 2024 in two ways:
Steps to apply for Vishvprabha Ventures Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Vishvprabha Ventures Rights Issue 2024 using Registrar's website (R-WAP)
