Visagar Financial Rights Issue is scheduled on 12 January 2023 – 02 February 2023
Incorporated in 1994, Visagar Financial Services is a Non Banking Financial Company involved in Investment & Financial activities. The company is in the business of investing in securities of listed and unlisted companies. Its investment portfolio is diversified across sectors, Financial Services, Education, Real Estate.
This company three services offered :
a)Â Financial Advisory:Â Debt Funding & Debt Swapping, New Project or Expansion Funding, Working Capital Funding, Restructuring of NPAs, Loans Against Property/ Shares, Bill Discounting, Equity Funding.
b)Â Corporate Advisory:Â Mergers & Acquisitions, Private Equity Funding, Joint Ventures & Business Collaboration Advisory, Funding Foreign Currency Loans, IPO & GDR Advisory, Venture Capital Funding.
c)Â Other Advisory:Â Investment Proposals, Promoter Portfolio Management Services, Real Estate Advisory, Other Tailor-made advisory services.
On 21 January 2022, company did a sub-division in face value of Equity Share of INR 2 Â to INR 1 each and bonus issue of Equity Shares in the ratio of 1:2 of Equity shares held by Shareholders.
Promoters of Visagar Financial – Mr. Tilokchand Manaklal Kothari And Sibsagar Trade And Agencies Private Limited
Visagar Financial Rights Issue Date, Size & Price
| Visagar Financial Rights Issue Date | 12 January 2023 – 02 February 2023 |
| Visagar Financial Rights Issue Price | INR 1 per share |
| Issue Size (in Shares) | 49,73,87,700 shares |
| Issue Size (in INR) | INR 49.73 crore |
| Issue Entitlement | 51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date |
| Terms of Payment | The full amount of the Issue Price being INR 1 will be payable on application |
| Visagar Financial Rights Issue Record Date | 30 December 2022 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Visagar Financial Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 152.11 | 6,658.43 | 1,682.30 |
| Expenses | 180.56 | 6,693.15 | 1,658.47 |
| Net income | (28.45) | (34.72) | 23.83 |
| Margin (%) | (18.70) | (0.52) | 1.42 |
Visagar Financial Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Coming soon
- Coming soon
- Coming soon
- General corporate purposes
Visagar Financial Rights Offer Documents
- Visagar Financial Application Form
- Visagar Financial Abridged LOF
- Visagar Financial Letter of Offer
- Visagar Financial Draft letter of Offer
- Board Meeting Outcome
Visagar Financial Rights Issue Timetable
| Visagar Financial Rights Issue Record Date | 30 December 2022 |
| Credit of Rights Entitlement | 11 January 2023 |
| Visagar Financial Rights Issue Opening Date | 12 January 2023 |
| Last Date for Market Renunciation | 25 January 2023 |
| Visagar Financial Rights Issue Closing Date | 02 February 2023 |
| Finalization of Basis of Allotment | 14 February 2023 |
| Visagar Financial Rights Allotment Date | 15 February 2023 |
| Credit Date | 16 February 2023 |
| Listing Date | 01 March 2023 |
Visagar Financial Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | – | (0.11) | 0.02 |
| PE ratio | – | – | – |
| RONW (%) | – | 2.97 | 1.99 |
| ROCE (%) | (1.90) | (2.55) | 1.81 |
Visagar Financial Rights Issue Registrar
ADROIT CORPORATE SERVICES PRIVATE LIMITED
18-20, Jafarbhoy Industrial Estate,
1st Floor, Makawana Road,
Marol Naka, Andheri ( East), Mumbai 400 059
Phone:Â +91 22 42270400
Email: [email protected]
Website:Â www.adroitcorporate.com
Visagar Financial Contact Details
VISAGAR FINANCIAL SERVICES LIMITED
907-908, Dev Plaza, 9th Floor,
S.V. Road, Andheri (West),
Mumbai – 400 058
Phone:Â +91 22 67424815
Email:Â [email protected]
Website:Â www.vfsl.org
Visagar Financial Rights Offer FAQs
What is price of Visagar Financial Rights Issue?
The issue price is INR 1 per share.
What is entitlement ratio of Visagar Financial Rights Issue?
The eligible shareholders are offered 51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date.
What is the Record Date of Visagar Financial Rights Issue?
The Record date is 30 December 2022.
How to Apply in Visagar Financial Rights Offer?
The best way to apply in Visagar Financial 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.
