Veer Energy Rights Issue Date, Price, Allotment, Entitlement

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Veer Energy Rights Issue

Veer Energy Rights Issue is scheduled on

Veer Energy & Infrastructure is a publicly listed company incorporated and based in India. It specializes in implementing and operating large-scale projects in the renewable energy sector. As one of India’s leading renewable energy companies, Veer Energy & Infrastructure offers services across the country to develop, construct, and operate projects that contribute to the goal of achieving a low-carbon and sustainable future.

Veer Energy is a prominent developer of wind energy projects. The company’s wind farms are situated in four Indian states known for their high wind potential: Gujarat, Rajasthan, Maharashtra, and Tamil Nadu. These wind farms are spread across India. Veer Energy has installed and successfully commissioned over 200 Megawatts (MW) of wind turbines.

Veer Energy’s clientele includes Gamesa Wind Turbines, Suzlon Energy, Indian Renewable Energy Foundation (IREF – Reliance ADAG), Mudra Online Technologies, Kidstuff Promotions, SWL, Elecon Engineering, Vivek Agro Products, Hi-Tech Sweet Water Technologies, Macro Polymers, JSL Industries Ltd., Sankalp Recreation P. Ltd., Medion Healthcare Pvt. Ltd., and others.

Veer Energy & Infrastructure

Promoters of Veer Energy & Infrastructure –


Veer Energy Rights Issue Details

Veer Energy Rights Issue DateComing soon
Veer Energy Rights Issue PriceINR 22.50 per share
Issue Size (in Shares)49,87,645 shares
Issue Size (in INR)INR 11.22 crore
Issue Entitlement1 equity shares for every 3 equity shares held on record date
Terms of PaymentFully payable at the time of application
Veer Energy Rights Issue Record DateComing soon
Face ValueINR 10 per share
Listing OnBSE

Veer Energy Rights Issue Calculation

Veer Energy Rights Issue PriceINR 22.50 per share
Market Price on Rights Issue ApprovalINR 22.77 per share
Dilution Factor (X)1.33
Fair Value After Dilution at Prevailing PriceINR 22.70 per share

Veer Energy & Infrastructure Financial Performance

 FY 2021FY 2022FY 2023
Revenue756.22521.83642.67
Expenses814.19631.23700.56
Operating Margin (%)19.1133.678.84
Net Income31.6379.695.34
ROCE (%)1.131.202.00
Figures in INR Lakhs unless specified otherwise
All Standalone data

Veer Energy & Infrastructure Rights Issue Objectives

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


Veer Energy & Infrastructure Rights Issue Documents


Veer Energy Rights Issue Dates

Rights Issue Approval Date28 February 2024
Rights Issue Record DateComing soon
Credit of Rights EntitlementComing soon
Rights Issue Opening DateComing soon
Last Date for Market RenunciationComing soon
Rights Issue Closing DateComing soon
Finalization of Basis of AllotmentComing soon
Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

Veer Energy Rights Offer Lead Manager

Coming soon


Veer Energy Rights Offer Registrar

Coming soon


Veer Energy Issue Contact Details

VEER ENERGY & INFRASTRUCTURE LTD.
629-A Gazdar House, 1st Floor, Near Kalbadevi Post Office,
J.S.S. Marg, Mumbai – 400 002, Maharashtra
Phone: (022) 22072641/42/43
Email: 
[email protected]
Website:
www.veerenergy.net


Veer Energy & Infrastructure Rights Issue FAQs

What is the Veer Energy Rights Issue Price?

The issue price is INR 22.50 per share.

What is the Veer Energy Rights Issue entitlement ratio?

The eligible shareholders are offered 1 Equity Shares for every 3 Equity Shares held on the record date.

What is the Veer Energy Rights Issue Record Date?

The Record date is Coming soon.

How to Apply in Veer Energy Rights Offer?

The best way to apply in the Veer Energy 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.

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