Vishvprabha Ventures Rights Issue is scheduled on 19 Aug – 2 Sep 2024
Founded in 1985, Vishvprabha Ventures specializes in contracting and sub-contracting for a range of projects, particularly in the construction of commercial and industrial buildings. The company primarily focuses on civil construction projects, which include the development of Airport projects, Bridges & Culverts, Irrigation projects, commercial structures, State & National Highways, Railway projects, Earthworks, WTP Projects, High-Capacity Transport Corridors, Power Generation, Water Pipeline projects, Gas Pipeline Projects, and Hospitals & Building Construction
The company operates through two subsidiaries: Vishvprabha & VS Buildcon Private Limited, both of which are engaged in the real estate development sector. With plans to construct affordable townships and housing projects, the company aims to capitalize on multiple benefits. As of June 2023, the company employs 27 people across various departments.
Promoters of Vishvprabha Ventures – Mitesh Thakkar & Pramod Gumanchand Ranka HUF
Table of Contents
Vishvprabha Ventures Rights Issue Details
| Vishvprabha Ventures Rights Issue Date | 19 Aug – 2 Sep 2024 |
| Vishvprabha Ventures Rights Issue Price | INR 32 per share |
| Issue Size (in Shares) | 14,03,182 shares |
| Issue Size (in INR) | INR 4.49 crore |
| Issue Entitlement | 9 equity shares for every 11 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Vishvprabha Ventures Rights Issue Record Date | 7 August 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Vishvprabha Ventures Rights Issue Calculation
| Vishvprabha Ventures Rights Issue Price | INR 32 per share |
| Market Price on Rights Issue Approval | INR 99.34 per share |
| Dilution Factor (X) | 1.82 |
| Fair Value After Dilution at Prevailing Price | INR 69.04 per share |
Vishvprabha Ventures Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 2.40 | 1.84 | 5.47 |
| Expenses | 3.03 | 1.72 | 5.14 |
| Operating Margin (%) | (14.03) | 9.26 | 18.50 |
| Net Income | (0.42) | (0.02) | 0.04 |
| ROCE (%) | (6.62) | (0.63) | 4.20 |
Figures in INR Crores unless specified otherwise
Vishvprabha Ventures Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment or pre-payment of a portion of unsecured loans availed by the company from the Promoters – INR 3.30 crore
- General corporate purposes – INR 0.87 crore
Vishvprabha Ventures Rights Offer Documents
- Vishvprabha Ventures Rights Issue Application Form
- Vishvprabha Ventures Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Vishvprabha Ventures Rights Issue Dates
| Rights Issue Approval Date | 1 August 2024 |
| Rights Issue Record Date | 7 August 2024 |
| Credit of Rights Entitlement | 16 August 2024 |
| Rights Issue Opening Date | 19 August 2024 |
| Last Date for Market Renunciation | 27 August 2024 |
| Rights Issue Closing Date | 2 September 2024 |
| Finalization of Basis of Allotment | 10 September 2024 |
| Rights Allotment Date | 11 September 2024 |
| Credit Date | 16 September 2024 |
| Listing Date | 18 September 2024 |
Vishvprabha 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:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Vishvprabha Ventures Issue Contact Details
VISHVPRABHA VENTURES LIMITED
Ground Floor, Avighna Heights, Survey No. 45-4B,
Behind Sarvoday Park, Nandivali Road,
Dombivili East, Thane, Maharashtra – 421201
Phone: +8850814600
E-mail:Â [email protected]
Website:Â www.vishvprabhaventures.com
Vishvprabha Ventures Rights Offer FAQs
What is the Vishvprabha Ventures Rights Issue Price?
The issue price is INR 32 per share.
What is the Vishvprabha Ventures Rights Issue entitlement ratio?
The eligible shareholders are offered 9 Equity Shares for every 11 Equity Shares held on the record date.
What is the Vishvprabha Ventures Rights Issue Record Date?
The Record date is 7 August 2024.
How to Apply for the Vishvprabha Ventures Rights Offer? The best way to apply for the Vishvprabha 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.
