Inventure Growth Rights Issue is scheduled on 15 Jul – 13 Aug 2024
Inventure Growth and Securities provides a wide range of services under one roof, offering comprehensive advisory services spanning various sectors such as equity cash, derivatives market, debt market, commodities, and currency futures segment. Additionally, the company is involved in financing activities, wealth management, and distribution of financial products.
The services offered by the company include Retail Broking, Financial Product Distribution, Institutional Broking, Mutual Fund Investments, Commodity Broking, Registered Research Analyst, and Depository Participant.
Promoters of Inventure Growth – Mr.Kanji Bachubhai Rita
Table of Contents
Inventure Growth Rights Issue Details
| Inventure Growth Rights Issue Date | 15 Jul – 13 Aug 2024 |
| Inventure Growth Rights Issue Price | INR 2.33 per share |
| Issue Size (in Shares) | 21,00,00,000 shares |
| Issue Size (in INR) | INR 48.93 crore |
| Issue Entitlement | 1 equity shares for every 4 equity shares held on record date |
| Terms of Payment | Full amount has to be paid on the day of application |
| Inventure Growth Rights Issue Record Date | 5 July 2024 |
| Face Value | INR 1 per share |
| Listing On | NSE, BSE |
Inventure Growth Rights Issue Calculation
| Inventure Growth Rights Issue Price | INR 2.33 per share |
| Market Price on Rights Issue Approval | INR 2.76 per share |
| Dilution Factor (X) | 1.25 |
| Fair Value After Dilution at Prevailing Price | INR 2.67 per share |
Inventure Growth Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 47.0 | 51.0 | 59.0 |
| Expenses | 30.0 | 36.0 | 38.0 |
| Operating Margin (%) | 37.0 | 30.0 | 36.0 |
| Net Income | 14.0 | 9.0 | 12.0 |
| ROCE (%) | 9.0 | 6.0 | – |
Inventure Growth Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Expansion of Arbitrage and share trading business – INR 20.72 crore
- Working Capital for Expansion of Arbitrage and Share Trading Business – INR 10 crore
- Expansion of Margin Trading Facility (MTF) – INR 15 crore
- Investing in the new edge proprietary technology and software – INR 3.93 crore
Inventure Growth Rights Offer Documents
- Inventure Growth Rights Issue Application Form
- Inventure Growth Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Inventure Growth Rights Issue Dates
| Rights Issue Approval Date | 25 June 2024 |
| Rights Issue Record Date | 5 July 2024 |
| Credit of Rights Entitlement | 10 July 2024 |
| Rights Issue Opening Date | 15 July 2024 |
| Last Date for Market Renunciation | 7 August 2024 |
| Rights Issue Closing Date | 13 August 2024 |
| Finalization of Basis of Allotment | 20 August 2024 |
| Rights Allotment Date | 21 August 2024 |
| Credit Date | 26 August 2024 |
| Listing Date | 28 August 2024 |
Inventure Growth Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Inventure Growth Issue Contact Details
INVENTURE GROWTH AND SECURITIES LIMITED
201, 2nd Floor, Viraj Tower, Near Landmark, Western Express Highway,
Andheri – East, Mumbai – 400069, Maharashtra, India
Phone: +91 – 22-71148500/600
Email: [email protected]
Website: www.inventuregrowth.com
Inventure Growth Rights Offer FAQs
What is the Inventure Growth Rights Issue Price?
The issue price is INR 2.33 per share.
What is the Inventure Growth Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 4 Equity Shares held on the record date.
What is the Inventure Growth Rights Issue Record Date?
The Record date is 5 July 2024.
How to Apply in Inventure Growth Rights Offer?
The best way to apply in Inventure Growth 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.
