Edvenswa Enterprises Rights Issue will open for subscription from 16 February 2023. the company aims for an issue size of ₹22.70 Crores through this rights Issue.
About the company
Incorporated in 1980, Edvenswa Enterprises Limited is engaged in the business of providing a range of Information Technology solutions to companies. The services are offered across sectors like Healthcare & Life Sciences, Supply Chain & Logistics, Banking & Financial Services, Energy, Education, and Environment, etc.
Edvenswa Group endeavors to bring elements like creativity and knowledge and incorporate the same with a positive business strategy. This way they fulfill the requirements of diverse clients with an inclusive range of services. The services of the company are comprehensive and cost-effective so that the client can focus on their core competencies to improve or expand their businesses.
The various services offered by our Company are UI/UX Design & Development; Rapid Prototyping & Product Development for Customers; Big Data, Analytics & Data Science related Services; Enterprise Application Engineering; Software Quality Assurance; Business Process Automation using Robotic Process Automation (RPA) tools; Data Management & Integration; Social/Mobile Application Development; Application Integration, Maintenance & Migration Services; Cloud Migration Services; DevOps Engineering; Application Integration; Mobile Application Development & Integration; and Extended R&D Partnering, etc.
Objectives of the Issue
- Expansion of Business operations in India,
- Investment in our wholly owned Subsidiary Company for expansion of business,
- General Corporate Purposes,
- To meet the Issue Expenses.
Edvenswa Enterprises Rights Issue Timetable
| Record Date | 07 February 2023 |
| Credit of Rights Entitlements | 15 February 2023 |
| Bid/Offer Opens On | 16 February 2023 |
| Renunciation of Rights Entitlements | 01 March 2023 |
| Bid/Offer Closes On | 08 March 2023 |
| Deemed Date of Allotment | 16 March 2023 |
| Credit Date | 20 March 2023 |
| Listing Date | 23 March 2023 |
Edvenswa Enterprises Rights Issue Details
| Issue Open | Feb 16, 2023 – Mar 8, 2023 |
| Security Name | Edvenswa Enterprises Limited |
| Issue Size (Shares) | 9,080,000 |
| Issue Size (Amount) | ₹22.70 Crores |
| Issue Price | ₹25 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount is payable on application. |
| Entitlement | 1 Rights Equity Share for every 1 fully paid-up Equity Share held on the Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-22 | 24.71 | 39.06 | 3.73 | 18.84 |
| 30-Sep-22 | 1.93 | 22.3 | 2.62 | 21.48 |
Rights Issue Documents
Lead Manager(s)
- Finshore Management Services Limited
Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Edvenswa Enterprises Limited
Plot No. 85, Shop No.1, 4th Street,
Ganesh Avenue, Sakthi Nagar, Porur,
Chennai – 600116
Phone: +91 91000 52964
Email: himabindu@edvenswainc.com
Website: http://www.klk.co.in/
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
