₹49.33 Crores | Listing at BSE | Wed, Jun 5, 2024 - Thu, Jun 20, 2024
VSF Projects Limited Rights Issue comprises 0.9865 Cr equity shares aggregating to ₹49.33 Cr, offered at an issue price of ₹50 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is May 24, 2024, with the Rights Issue being offered in the entitlement ratio of 3 : 2.
The term of payment is defined as following : Rs 25 on application. Rs 25 in one or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jul 1, 2024.
The Rights Issue opens on Jun 5, 2024, and closes on Jun 20, 2024, with renunciation of Rights Entitlements permitted up to Jun 13, 2024.
The deemed date of allotment is Jul 1, 2024, following which the equity shares are expected to be credited to demat accounts on Jul 2, 2024 and listed at the BSE on Jul 9, 2024.
Purva Sharegistry (India) Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the VSF Projects Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, May 24, 2024
Entitlement Ratio
3 : 2
Open Date
Wed, Jun 5, 2024
Close Date
Thu, Jun 20, 2024
Rs 25 on application. Rs 25 in one or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time.
VSF Projects Limited's revenue decreased by -84.34% and profit after tax (PAT) rose by 245352.78% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 91.24 | 67.22 | 65.57 | 65.57 |
| Revenue | 0.26 | 1.63 | 1.65 | 1.74 |
| Profit After Tax | 35.35 | 0.01 | -0.08 | 0.15 |
| Reserves and Surplus | 43.62 | -3.11 | -5.60 | -5.52 |
| Amount in ₹ Crore | ||||
Established in June 1992, VSF Projects Limited is a company focused on integrated construction and infrastructure development and execution.
The company has two main divisions:
Since 2005, the company has executed various construction projects for the Karnataka State Highways and Public Works Department and the Department of Public Order. VSF Projects has successfully executed projects like National Highways, State Highways, Flyovers, and Bridges. We specialize in the turnkey execution of infrastructure projects.
As of May 2024, the company had 28 employees.
The Company proposes to utilize the net proceeds from the issue towards funding the following objects:
[Dilip Davda] The company has been listed since 1993 and has not rewarded its stakeholders so far. It is offering RI at aggressive price that is based on well operated counter with vested interest. The company has not posted impressive financial performance in line with its asking price. There is no harm in skipping this Risky Bet. Read detail review...
VSF Projects Rights Issue 2024 got subscribed by 0.59 times by the end of the bidding period with total bid quantity received by BSE of 57,73,420 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Jun 20 2024 17:00:00 | 57,73,420 | 0.59x |
VSF Projects Limited
Sy.No.782 to 1236, Ankulapatur Village
Chillakur Mandal, Tirupati District, Andhra Prades
Tirupati District- 524 412
Tirupati, Andhra Pradesh, 524412
Purva Sharegistry (India) Pvt.Ltd.
The VSF Projects Rights Issue 2024 opens on Wed, Jun 5, 2024, and closes on Thu, Jun 20, 2024.
VSF Projects Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Tue, May 28, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Jun 13, 2024 |
| Issue Opening Date | Wed, Jun 5, 2024 |
| Issue Closing Date | Thu, Jun 20, 2024 |
| Date of Allotment (on or about) | Mon, Jul 1, 2024 |
| Date of Credit (on or about) | Tue, Jul 2, 2024 |
| Date of Listing (on or about) | Tue, Jul 9, 2024 |
You can apply for VSF Projects Rights Issue 2024 in two ways:
Steps to apply for VSF Projects Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for VSF Projects Rights Issue 2024 using Registrar's website (R-WAP)
