₹48.89 Crores | Listing at BSE | Mon, Feb 7, 2022 - Tue, Mar 8, 2022
Wardwizard Innovations and Mobility Limited Rights Issue comprises 0.5962 Cr equity shares aggregating to ₹48.89 Cr, offered at an issue price of ₹82 per share with a face value of ₹1 per share.
The record date for determining eligible shareholders is Jan 22, 2022.
As per the terms of payment, ₹82 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 14, 2022.
The Rights Issue opens on Feb 7, 2022, and closes on Mar 8, 2022, with renunciation of Rights Entitlements permitted up to Feb 14, 2022.
The deemed date of allotment is Feb 28, 2022, following which the equity shares are expected to be credited to demat accounts on Mar 7, 2022 and listed on the BSE on Mar 8, 2022.
Fedex Securities 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 Wardwizard Innovations and Mobility Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Sat, Jan 22, 2022
Entitlement Ratio
:
Open Date
Mon, Feb 7, 2022
Close Date
Tue, Mar 8, 2022
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 380.59 | 114.17 | |
| Total Income | 393.64 | 2.05 | |
| Profit After Tax | 18.72 | -9.10 | |
Wardwizard is engaged in the business of manufacturing electric vehicles and smart technology-based electronic appliances. The company's electric vehicle segment is under the brand name "Joy E-Bikes" and the electronic appliances are under the brand name "Vyom". Wardwizard is the first-ever BSE-listed company in the EV segment.
Joy E-Bikes is one of the leading brands in the electric vehicle segment of 2 Wheelers with 9 different models varying from low-speed scooters to high-speed bikes. The company is contemplating reducing its concentration in Vyom products and has accordingly reduced focus in this segment. Vyom Products are proposed to be sold by the Promoter, Wardwizard Solutions India Private Limited.
The company's manufacturing plants can produce more than 4 lakhs units per year in full capacity in 3 shifts. The company has more than 2000+ dealership/distributors touchpoints across Pan India.
21st Feb 2022
The last date for recipt of Rights Issue Applications forms is extended upto Mon, Feb 28, 2022.
[Dilip Davda] Based on financial data, this RI is fully priced. Its counter is well operated with the trading price being maintained above the RI price since January 27, 2022. Though the e-bike segment is poised for bright prospects, many established players and new entrants will create a highly competitive business environment. Cash surplus/risk seeker investors may consider parking of funds with a long term perspective. Read detail review...
Wardwizard Innovations and Mobility Limited
No. 401, Floor-4, 23/25,
Dhun Building Janmabhoomi, Marg, Horniman Circle,
Mumbai - 400001, Maharashtra
Mumbai, Maharashtra, 400001
Purva Sharegistry (India) Pvt.Ltd.
The Wardwizard Rights Issue opens on Mon, Feb 7, 2022, and closes on Tue, Mar 8, 2022.
Wardwizard Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Mon, Feb 14, 2022 |
| Last Date for renunciation of Rights Entitlements | Mon, Feb 14, 2022 |
| Issue Opening Date | Mon, Feb 7, 2022 |
| Issue Closing Date | Tue, Mar 8, 2022 |
| Date of Allotment (on or about) | Mon, Feb 28, 2022 |
| Date of Credit (on or about) | Mon, Mar 7, 2022 |
| Date of Listing (on or about) | Tue, Mar 8, 2022 |
You can apply for Wardwizard Rights Issue in two ways:
Steps to apply for Wardwizard Rights Issue using Net Banking (ASBA)
Steps to apply for Wardwizard Rights Issue using Registrar's website (R-WAP)
