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Wardwizard Innovations and Mobility Limited Rights Issue (Wardwizard Rights Issue) Detail

Feb 7, 2022 - Mar 8, 2022
Wardwizard Innovations and Mobility Limited Logo

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.

Wardwizard Rights Issue Detail

Issue Open Feb 7, 2022 - Mar 8, 2022
Security Name Wardwizard Innovations and Mobility Limited
Issue Size (Shares) 0.60 Crores
Issue Size (Amount) ₹48.89 Crores
Issue Price ₹82 per share
Face Value ₹1 per share
Minimum Lot size
Market Lot 1 per share
Listing At BSE
Terms of Payment 50% of the Issue Price i.e. Rs. 41/- per Rights Equity Share shall be payable at the time of application and the balance of 50% of the Issue Price i.e. Rs. 41/- per Rights Equity Share shall be payable in one or more subsequent calls as determined by the Board from time to time.
Entitlement 3 Rights Equity Shares for every 2 fully paid-up Equity Shares held on the Record Date

Wardwizard Rights Issue Issue Timetable

Bid/Offer Opens On Feb 7, 2022
Bid/Offer Closes On Mar 8, 2022
Record Date Jan 22, 2022
Deemed Date of Allotment Feb 28, 2022
Renunciation of Rights Entitlements Feb 14, 2022

Company Financials

Summary of financial Information (Standalone)
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

Objects of the Issue:

  • For working capital purposes; and;
  • General corporate purposes.

Rights Issue Notices

External Link

Last Date Extended for Rights Issue

21st Feb 2022

The last date for recipt of Rights Issue Applications forms is extended upto Mon, Feb 28, 2022.

Wardwizard Rights Issue Documents

Wardwizard Rights Issue Rating

10
3.1
Rating:Rated 3.1 stars
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Wardwizard Rights Issue Reviews

Company Contact Information

Wardwizard Innovations and Mobility Limited
No. 401, Floor-4, 23/25,
Dhun Building Janmabhoomi, Marg, Horniman Circle,
Mumbai - 400001, Maharashtra

Phone: +91 022 –22024366
Email: compliance@wardwizard.in
Website: https://wardwizard.in/

Wardwizard Rights Issue Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: http://www.purvashare.com

Wardwizard Rights Issue Lead Manager(s)


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