Prerna Infrabuild Rights Issue will open for subscription from 01 May 2023. the company aims for an issue size of ₹48.17 Crores through this rights Issue.
About the company
Incorporated in 1983, Prerna Infrabuild Limited is engaged in the business of developing residential buildings. The Company has its business interests in commercial and residential real estate projects. The company’s top management includes Mr. Vijay C Shah, Mr.Sanket V Shah, and Mrs. Nalini V Shah.
Objectives of the Issue
Rights Issue Timetable
| Last Date to buy shares | 20 April 2023 |
| Record Date | 21 April 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 01 May 2023 |
| Renunciation of Rights Entitlements | 12 May 2023 |
| Bid/Offer Closes On | 16 May 2023 |
| Deemed Date of Allotment | 23 May 2023 |
| Credit Date | 25 May 2023 |
| Listing Date | 29 May 2023 |
Prerna Infrabuild Rights Issue Details
| Issue Open | May 1, 2023 – May 16, 2023 |
| Security Name | Prerna Infrabuild Limited |
| Issue Size (Shares) | 24,085,020 |
| Issue Size (Amount) | ₹48.17 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-21 | 39.26 | 4.60 | -0.14 | 10.13 |
| 31-Mar-22 | 43.42 | 23.86 | 5.87 | 16.00 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
Company Contact Information
Prerna Infrabuild Limited
“ PRERNA “, Survey No.820/1,
Makarba In Lane of Panchwati Auto,
Opp. Ananddham Derasar,S.G.Road, Ahmedabad – 38005
Phone: 079 – 26925653
Email: info@prernagroup.com
Website: http://www.prernagroup.com
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
