VSF Projects Rights Issue Date, Price, Allotment, Entitlement


Last updated on June 3, 2024

VSF Projects Rights Issue Date

VSF Projects Rights Issue is scheduled on 5 – 20 June 2024

Founded in 1992, VSF Projects specializes in integrated construction and infrastructure development. The company has completed numerous civil works for the Roads & Buildings and PWD Departments in Karnataka State. VSF Projects has undertaken various projects, including National Highways, State Highways, flyovers, and bridges. Additionally, the company excels in executing infrastructure projects on a turnkey basis.

As of January 2024, the company has 12 employees across its departments. VSF Projects has two principal business segments:

  • Construction, managed directly by the company
  • Aqua Culture
VSF Projects

Promoters of VSF Projects – Narayana Murthy Bobba

VSF Projects Rights Issue Details

VSF Projects Rights Issue Date5 – 20 June 2024
VSF Projects Rights Issue PriceINR 50 per share
Issue Size (in Shares)98,65,121 shares
Issue Size (in INR)INR 49.33 crore
Issue Entitlement3 equity shares for every 2 equity shares held on record date
Terms of PaymentINR 25 on Application. INR 25 in One or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time.
Rights Issue Record Date24 May 2024
Face ValueINR 10 per share
Listing OnBSE

VSF Projects Rights Issue Calculation

VSF Projects Rights Issue PriceINR 50 per share
Market Price on Rights Issue ApprovalINR 77.38 per share
Dilution Factor (X) 2.50
Fair Value After Dilution at Prevailing PriceINR 60.95 per share

VSF Projects Financial Performance

 FY 2021FY 2022FY 2023
Operating Margin (%)17.096.617.72
Net Income15.34(8.05)1.44
ROCE (%)1.0(0.0)0.0
Figures in INR Lakhs unless specified otherwise

VSF Projects Rights Offer Objectives

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

  • Funding capital expenditure expenses for the Construction of Multi Product Free Trade Warehousing Zone (SEZ) with inland Container Depot – INR 27.22 crore
  • Adjustment of Unsecured Loans against the Rights Entitlement of the Promoters – INR 10.78 crore
  • General Corporate Purpose – INR 10.83 crore

VSF Projects Rights Offer Documents

VSF Projects Rights Issue Dates

Rights Issue Approval Date16 May 2024
Rights Issue Record Date24 May 2024
Credit of Rights Entitlement28 May 2024
Rights Issue Opening Date5 June 2024
Last Date for Market Renunciation20 June 2024
Rights Issue Closing Date20 June 2024
Finalization of Basis of Allotment28 June 2024
Rights Allotment Date1 July 2024
Credit Date 2 July 2024
Listing Date9 July 2024

VSF Projects Rights Offer Registrar

9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: + 91- 022-4961 4132
Email: [email protected]
Website: www.purvashare.com

VSF Projects Contact Details

Plot No.8-2-269/19/S/D Lavakusa residency Rd.No.2,
Banjara Hills Hyderabad – 500 034, Telangana
Phone: 040-40102929
[email protected]

VSF Projects Rights Offer FAQs

What is the VSF Projects Rights Issue Price?

The issue price is INR 50 per share.

What is the VSF Projects Rights Issue entitlement ratio?

The eligible shareholders are offered 3 Equity Shares for every 2 Equity Shares held on the record date.

What is the VSF Projects Rights Issue Record Date?

The Record date is 24 May 2024.

How to Apply for VSF Projects Rights Offer?

The best way to apply for the VSF Projects 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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