Edvenswa Enterprises Rights Issue

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 Date07 February 2023
Credit of Rights Entitlements15 February 2023
Bid/Offer Opens On16 February 2023
Renunciation of Rights Entitlements01 March 2023
Bid/Offer Closes On08 March 2023
Deemed Date of Allotment16 March 2023
Credit Date20 March 2023
Listing Date23 March 2023

Edvenswa Enterprises Rights Issue Details

Issue OpenFeb 16, 2023 – Mar 8, 2023
Security NameEdvenswa 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 AtBSE
Terms of PaymentThe full amount is payable on application.
Entitlement1 Rights Equity Share for every 1 fully paid-up Equity Share held on the Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
(Amount in ₹ Crore)

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

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

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

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