Edvenswa Enterprises Rights Issue is scheduled on 25 Oct – 22 Nov 2024
Edvenswa Enterprises is the parent company of Edvenswa Tech Inc., with a consolidated focus on software development and enterprise solutions. It specializes in delivering a wide range of Information Technology services to businesses across various sectors. The company designs, develops, and maintains software systems, creates new applications, and enhances the functionality of clients’ existing software using proprietary tools, frameworks, and processes.
Edvenswa Enterprises offers a broad spectrum of services, including UI/UX design and development, rapid prototyping and product development, enterprise application engineering, software quality assurance, and business process automation using robotic process automation (RPA) tools. Additional services include social/mobile application development, application integration, maintenance and migration services, cloud migration, DevOps engineering, data management and integration, big data analytics and data science services, and extended R&D partnerships.
As of 24 August 2024, the company, along with its subsidiaries, employs 43 permanent staff members.
Promoters of the Edvenswa Enterprises – Mr. Sreenivasa Sreekanth Uppuluri, and Mr. Yerradoddi Ramesh Reddy
Table of Contents
Edvenswa Enterprises Rights Issue Details
| Edvenswa Enterprises Rights Issue Date | 25 Oct – 22 Nov 2024 |
| Edvenswa Enterprises Rights Issue Price | INR 60 per share |
| Issue Size (in Shares) | 45,00,000 shares |
| Issue Size (in INR) | INR 27 crore |
| Issue Entitlement | 20 equity shares for every 41 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Edvenswa Enterprises Rights Issue Record Date | 14 October 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Edvenswa Enterprises Rights Issue Calculation
| Edvenswa Enterprises Rights Issue Price | INR 60 per share |
| Market Price on Rights Issue Approval | INR 86.68 per share |
| Dilution Factor (X) | 1.49 |
| Fair Value After Dilution at Prevailing Price | INR 77.93 per share |
Edvenswa Enterprises Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 37.88 | 51.42 | 84.29 |
| Expenses | 34.90 | 45.04 | 72.76 |
| OPM (%) | 7.87 | 12.41 | 13.68 |
| Net income | 3.75 | 5.77 | 7.37 |
Edvenswa Enterprises Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- To product purchases in the issuer the company
- To invest in its wholly owned subsidiary company for expansion of business
- New business acquisitions
- General corporate purposes
Edvenswa Enterprises Rights Offer Documents
- Edvenswa Enterprises Rights Issue Application Form
- Edvenswa Enterprises Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Edvenswa Enterprises Rights Issue Dates
| Rights Issue Approval Date | 3 October 2024 |
| Rights Issue Record Date | 14 October 2024 |
| Credit of Rights Entitlement | 24 October 2024 |
| Rights Issue Opening Date | 25 October 2024 |
| Last Date for Market Renunciation | 18 November 2024 |
| Rights Issue Closing Date | 22 November 2024 |
| Finalization of Basis of Allotment | 18 November 2024 |
| Rights Allotment Date | 18 November 2024 |
| Credit Date | 22 November 2024 |
| Listing Date | 25 November 2024 |
Edvenswa Enterprises Rights Offer Lead Manager
FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: +91 33 22895101 / +91 33 4603 2561
Email: [email protected]
Website: www.finshoregroup.com
Edvenswa Enterprises Rights Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: 044 4002 0700 / 2846 0390
Email: [email protected]
Website: www.cameoindia.com
Edvenswa Enterprises Issue Contact Details
EDVENSWA ENTERPRISES LIMITED
IQ 3-A2, First Floor, Cyber Towers,
Hitec City, Madhapur, Hyderabad,
Shaikpet, Telangana, India, 500081
Phone: +91 91000 52964
E-mail: [email protected]
Website: www.edvenswa.com
Edvenswa Enterprises Rights Offer FAQs
What is the Edvenswa Enterprises Rights Issue Price?
The issue price is INR 60 per share.
What is the Edvenswa Enterprises Rights Issue entitlement ratio?
The eligible shareholders are offered 20 Equity Shares for every 41 Equity Shares held on the record date.
What is the Edvenswa Enterprises Rights Issue Record Date?
The Record date is 14 October 2024.
How to Apply in Edvenswa Enterprises Rights Offer?
The best way to apply in Edvenswa Enterprises Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
