Last updated on September 17, 2024
Ganesha Ecoverse Rights Issue is scheduled for 20 – 30 September 2024
Ganesha Ecoverse’s innovation and sustainability are revolutionizing the textile industry. The company offers an unparalleled offering of cutting-edge technology and the highest quality sustainable materials to produce textile yarns and garments to meet the growing demands of an ever-evolving market.
Weaving/Knitting Yarns – The company’s weaving and knitting yarns are versatile and reliable, suitable for a wide range of textile applications whether it is creating beautiful woven fabrics or knitting comfortable garments.
Specialty Yarns – These carefully blended yarns are perfect for creating unique and eye-catching textiles and garments. Whether it is looking for texture, color, or special properties, the company’s specialty yarns offer endless possibilities to bring your designs to life.
Sewing Thread – Their sewing threads ensure a flawless finish by producing strong, reliable stitches. Made from high-quality recycled materials, these threads meet the company’s commitment to sustainability while ensuring the durability and longevity of their products.
Promoters of Ganesha Ecoverse – Sandeep Khandelwal, and Vishnu Dutt Khandelwal
Table of Contents
Ganesha Ecoverse Rights Issue Details
| Ganesha Ecoverse Rights Issue Date | 20 – 30 September 2024 |
| Ganesha Ecoverse Rights Issue Price | INR 35 per share |
| Issue Size (in Shares) | 1,34,15,280 shares |
| Issue Size (in INR) | INR 46.95 crore |
| Issue Entitlement | 6 equity shares for every 5 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Ganesha Ecoverse Rights Issue Record Date | 9 September 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Ganesha Ecoverse Rights Issue Calculation
| Rights Issue Price | INR 35 per share |
| Market Price on Rights Issue Approval | INR 74.5 per share |
| Dilution Factor (X) | 2.2 |
| Fair Value After Dilution at Prevailing Price | INR 52.95 per share |
Ganesha Ecoverse Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 23.10 | 0.10 | 5.93 |
| Expenses | 23.49 | 3.46 | 7.07 |
| Operating Margin (%) | (1.69) | (2,440) | (1.52) |
| Net income | (0.38) | (3.24) | 4.23 |
| ROCE (%) | (1.51) | (10.19) | – |
Ganesha Ecoverse Rights Offer Objectives
The company intends to utilize the Net Proceeds from the Issue to augment its capital base.
- Investment in the Equity Shares of “GESL Spinners Private Limited” – INR 46.50 crore
- General Corporate Purposes – INR 0.06 crore
Ganesha Ecoverse Rights Offer Documents
- Ganesha Ecoverse Rights Issue Application Form
- Ganesha Ecoverse Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Ganesha Ecoverse Rights Issue Dates
| Rights Issue Approval Date | 3 September 2024 |
| Rights Issue Record Date | 9 September 2024 |
| Credit of Rights Entitlement | 13 September 2024 |
| Rights Issue Opening Date | 20 September 2024 |
| Last Date for Market Renunciation | 24 September 2024 |
| Rights Issue Closing Date | 30 September 2024 |
| Finalization of Basis of Allotment | 4 October 2024 |
| Ganesha Ecoverse Rights Allotment Date | 5 October 2024 |
| Credit Date | 11 October 2024 |
| Listing Date | 14 October 2024 |
Ganesha Ecoverse Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91-11-40450193-197
Email: [email protected]
Website: www.skylinerta.com
Ganesha Ecoverse Contact Details
GANESHA ECOVERSE LIMITED
P3-211, Second Floor, Central Square, 20,
Manohar Lal Khorana Marg, Bara Hindu Rao, Delhi-110006
Phone: +91 9415108158
Email: [email protected]
Website: www ganeshaecoverse.com
Ganesha Ecoverse Rights Offer FAQs
What is the Ganesha Ecoverse Rights Issue Price?
The issue price is INR 35 per share.
What is the Ganesha Ecoverse Rights Issue entitlement ratio?
The eligible shareholders are offered 6 Equity Shares for every 5 Equity Shares held on the record date.
What is the Ganesha Ecoverse Rights Issue Record Date?
The Record date is 9 September 2024.
How to Apply in Ganesha Ecoverse Rights Offer?
The best way to apply in the Ganesha Ecoverse 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.
