Tilak Ventures Rights Issue Date, Price, Allotment, Entitlement

0

Last updated on October 2, 2024

Tilak Ventures Rights Issue

Tilak Ventures Rights Issue is scheduled on 3 – 11 Oct 2024

Established in 1980, Tilak Ventures is a finance company that provides loans to individuals, firms, and corporate entities, while also accepting deposits or loans to support its financing operations. The company operates in two primary business segments: Finance and Commodities Activities.

Tilak Ventures is currently focused on financing, investing, and trading in shares, commodities, and bullion. The company is also planning to enter the renewable energy sector by setting up a 25MW solar power project, highlighting its growing interest in the expanding power project industry.

As of 31 March 2023, Tilak Ventures held INR 5.7 crore in cash and equivalents, along with INR 4.9 crore in short-term loans and advances.

Tilak Ventures Rights Issue Record Date

Promoters of Tilak Ventures – Handful Investrade Private Limited, Hunnar Jewels Limited (Forme Agrawal Bullion Limited), and Banas Finance Limited


Tilak Ventures Rights Issue Details

Tilak Ventures Rights Issue Date3 – 11 October 2024
Tilak Ventures Rights Issue PriceINR 2.20 per share
Issue Size (in Shares)22,28,48,403 shares
Issue Size (in INR)INR 49.03 crore
Issue Entitlement1 equity shares for every 1 equity shares held on record date
Terms of PaymentFully payable at the time of application
Tilak Ventures Rights Issue Record Date13 September 2024
Face ValueINR 1 per share
Listing OnBSE

Tilak Ventures Rights Issue Calculation

Tilak Ventures Rights Issue PriceINR 2.20 per share
Market Price on Rights Issue ApprovalINR 4.72 per share
Dilution Factor (X)2
Fair Value After Dilution at Prevailing PriceINR 3.46 per share

Tilak Ventures Financial Performance

 FY 2022FY 2023FY 2024
Revenue3.896.9812.86
Expenses4.686.589.76
OPM (%)(20.31)5.7324.11
Net income(0.39)2.285.14
ROCE (%)–4.449.02
Figures in INR Crores unless specified otherwise

Tilak Ventures Rights Offer Objectives

The net proceeds from the offer are proposed to be used for the following objective

  • Towards working capital requirements furtherance including Loans & advances and Investments – INR 48.63 crore
  • Issue Related Expenses
  • General Corporate Purposes

Tilak Ventures Rights Offer Documents


Tilak Ventures Rights Issue Dates

Rights Issue Approval Date9 September 2024
Rights Issue Record Date13 September 2024
Credit of Rights Entitlement19 September 2024
Rights Issue Opening Date3 October 2024
Last Date for Market Renunciation4 October 2024
Rights Issue Closing Date11 October 2024
Finalization of Basis of Allotment15 October 2024
Rights Allotment Date16 October 2024
Credit Date 17 October 2024
Listing Date22 October 2024

Tilak Ventures 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: 022 – 4918 6270
Email: [email protected]
Website: www.linkintime.co.in


Tilak Ventures Issue Contact Details

TILAK VENTURES LIMITED
E-109, Crystal Plaza, New Link Road,
Opposite Infinity Mall, Andheri (West),
Mumbai – 400 053, Maharashtra
Phone: 022-66921199,91-9152096141
E-mail: [email protected]
Website: www.tilakfinance.wordpress.com


Tilak Ventures Rights Offer FAQs

What is the Tilak Ventures Rights Issue Price?

The issue price is INR 2.20 per share.

What is the Tilak Ventures Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.

What is the Tilak Ventures Rights Issue Record Date?

The Record date is 13 September 2024.

How to Apply in Tilak Ventures Rights Offer?

The best way to apply in Tilak Ventures 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here