Vidli Restaurants Rights Issue is scheduled on 2 – 16 February 2022.
The company is in the business of hospitality, food products and allied activities. Primarily, the business model of the company is to grant the franchisee under trade marks. The company has built an outlet of “Multi Brand Cloud Kitchen” with the concept of only delivery or takeaways. The said outlet has multiple brands of the company to cater to different cuisines.
The company also has a venture in production of ready to eat food products, variety of namkeens which include mini bhakarvadi, methi gathiya etc. which are available at the restaurants of the company and are distributed through wholesalers, retail shops, sweet marts, etc. The company has entered in an arrangement for management and operation of outlets in the Bharat Ratna Rajiv Gandhi District Sports Complex. Hygienic environment, quality of services and products, effective project management, etc. has contributed to its success and given it a competitive edge over local competitors.
Promoters of Vidli Restaurants – Vidhi Vikram Kamat, Conwy Hospitality Private Limited and Vits Hotels Worldwide Private Limited.
Vidli Restaurants Rights Issue Date, Size & Price
| Issue Date | 2 – 16 February 2022 |
| Issue Price | INR10 per share |
| Terms Of Payment | INR5 at the time of application and INR5 on subsequent calls |
| Issue Size in Share | 64,95,000 shares |
| Issue size in INR | INR6.49 crore |
| Issue Entitlement | 3 per 2 equity shares held on record date |
| Face Value | INR10 per share |
| Listing On | BSE SME |
Vidli Restaurant’s Financial Performance
| FY2020 | FY2021 | |
| Revenue | 4.92 | 3.02 |
| Expenses | 4.70 | 2.98 |
| Net income | 0.16 | 0.04 |
| Margin (%) | 3.25 | 1.32 |
Vidli Restaurants Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Acquisition of 31,45,510 shares (84.01% of equity share capital) of Vitizen Hotels – INR4.09 crore
- Towards working capital requirements – INR0.81 crore
- Meet issue expenses – INR0.30 crore
- General corporate purposes
Vidli Restaurants Rights Offer Documents
Vidli Restaurants Rights Issue Timetable
| Record Date | 21 January 2022 |
| Credit of Rights Entitlements | 01 February 2022 |
| Issue Opening Date | 02 February 2022 |
| Last Date for Market Renunciation | 10 February 2022 |
| Issue Closing Date | 16 February 2022 |
| Finalization of Basis of Allotment | 02 March 2022 |
| Date of Allotment | 03 March 2022 |
| Date of credit | 04 March 2022 |
| Date of listing | 08 March 2022 |
Vidli Restaurants Valuations & Margins
| FY2020 | FY2021 | |
| EPS | 0.38 | 0.11 |
| PE ratio | – | – |
| RONW (%) | 3.04 | 0.91 |
| ROCE (%) | – | – |
| EBITDA | 0.46 | 0.31 |
| Debt/Equity | – | – |
| NAV per share | 12.33 | 12.45 |
Vidli Restaurants Rights Issue Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building
Opp. Vasant Oasis, Makwana Road Marol
Andheri (East) Mumbai – 400059
Phone: +91 22 6263 8200
FAX: +91 22 6263 8280
Email: [email protected]
Website: http://www.bigshareonline.com
Vidli Restaurants Contact Details
Vidli Restaurant Limited
D-09, Eastern Business District
LBS Road Bhandup West
Mumbai 400 078, Maharashtra, India
Phone: +91 740 005 8768
Email: [email protected]
Website: www.kamatsindia
Vidli Restaurants Rights Offer FAQs
Record Date
21 January 2022
Credit of Rights Entitlements
01 February 2022
Issue Opening Date
02 February 2022
Last Date for Market Renunciation
10 February 2022
Issue Closing Date
16 February 2022
Finalization of Basis of Allotment
02 March 2022
Date of Allotment
03 March 2022
Date of credit
04 March 2022
Date of listing
08 March 2022
The issue price is INR10 per share.
The eligible shareholders are being offered 3 Equity Shares for every 2 existing share held by the eligible shareholder as on the Record date (21 Jan 2022).
The Record date is 21 January 2022.
The best way to apply in Vidli Restaurants 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.
