₹29.95 Crores | Listing at BSE | Fri, Dec 13, 2024 - Fri, Dec 20, 2024
Vistar Amar Ltd Rights Issue comprises 0.2560 Cr equity shares aggregating to ₹29.95 Cr, offered at an issue price of ₹117 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Dec 6, 2024, with the Rights Issue being offered in the entitlement ratio of 4 : 5.
The term of payment is defined as following : Payment schedule under which 100% of the Issue Price is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 27, 2024.
The Rights Issue opens on Dec 13, 2024, and closes on Dec 20, 2024, with renunciation of Rights Entitlements permitted up to Dec 17, 2024.
The deemed date of allotment is Dec 27, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 31, 2024 and listed at the BSE on Jan 6, 2025.
Mark Corporate Advisors Pvt.Ltd. is the Lead Manager to the issue and Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Vistar Amar Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 6, 2024
Entitlement Ratio
4 : 5
Open Date
Fri, Dec 13, 2024
Close Date
Fri, Dec 20, 2024
Payment schedule under which 100% of the Issue Price is payable on Application.
Vistar Amar Ltd's revenue increased by 15.47% and profit after tax (PAT) rose by 17.16% 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 | 21.22 | 17.51 | 14.38 |
| Revenue | 74.11 | 64.18 | 55.97 |
| Profit After Tax | 3.71 | 3.17 | 3.33 |
| Reserves and Surplus | 13.57 | 9.86 | 6.69 |
| Amount in ₹ Crore | |||
Incorporated in 1983, Vistar Amar is engaged in processing of fish and fishrelated activities.
The company produces sterilised fishmeal from fish or fish waste in a fully mechanised process. The fishmeal has a protein content of 30 to 50 % and is in great demand in poultry farms as animal feed and in agriculture as fertiliser.
The company produces and supplies fishmeal powder, which is an important ingredient in the production of aqua feed (for fish and shrimp), poultry feed (for broilers and layers) and pet food (dog and cat food). They sell these products on the domestic market.
They offer Sterilised fishmeal a commercial product made from fish, bones and offal from processed fish. Till March 31, 2024, the company had 10 full-time employees.
The Company intends to utilise the net proceeds from the Issue towards funding of the following objects:
[Dilip Davda] The company is engaged in manufacturing and supplying fish meal powder, an essential ingredient for aqua feeds. It posted average financial performance with almost static bottom line. For Q1 of FY25 the company marked lower topline and reported a minuscule loss. The RI appears aggressively priced based on its financial data and the market performance in recent times. There is no harm in skipping this “High Risk/Low Return” pricey bet. Read detail review...
Vistar Amar Rights Issue 2024 got oversubscribed by 1.18 times by the end of the bidding period with total bid quantity received by BSE of 30,22,564 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 20 2024 17:00:00 | 30,22,564 | 1.18x |
Vistar Amar Ltd
Survey No. 1943,
Mangalkunj, Railway Station Road,
Opp. Balashram, Porbandar, 360575
Porbandar, Gujarat, 360575
Purva Sharegistry (India) Pvt.Ltd.
The Vistar Amar Rights Issue 2024 opens on Fri, Dec 13, 2024, and closes on Fri, Dec 20, 2024.
Vistar Amar Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Tue, Dec 10, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Dec 17, 2024 |
| Issue Opening Date | Fri, Dec 13, 2024 |
| Issue Closing Date | Fri, Dec 20, 2024 |
| Date of Allotment (on or about) | Fri, Dec 27, 2024 |
| Date of Credit (on or about) | Tue, Dec 31, 2024 |
| Date of Listing (on or about) | Mon, Jan 6, 2025 |
You can apply for Vistar Amar Rights Issue 2024 in two ways:
Steps to apply for Vistar Amar Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Vistar Amar Rights Issue 2024 using Registrar's website (R-WAP)
