Inventure Growth & Securities Rights Issue will open for subscription from 15 July 2024. the company aims for an issue size of ₹48.93 Crores through this rights Issue.
About the company
Incorporated in June 1985, Inventure Growth and Securities Limited offers a wide range of comprehensive advisory services that include trading in equity cash and derivatives markets, debt markets, commodities and currency futures segments, financing activities, wealth management, and distribution of financial products. The services offered by the company are as follows
- Retail Broking
- Financial Product Distribution
- Institutional Broking
- Mutual Fund Investments
- Commodity Broking
- Registered Research Analyst
- Depository Participant
The company is based in Mumbai and operates through 126 business locations, including branches and authorized personnel across India. As of 30 September 2023, the company has 105 employees in various department.
Objectives of the Issue
- Expansion of Arbitrage and Share Trading Business
- Working Capital for Expansion of Arbitrage and Share Trading Business
- Expansion of Margin Trading Facility (MTF).
- Investing in the new edge proprietary technology and software
Inventure Growth & Securities Rights Issue Timetable
| Rights Issue Approval Date | 25 June 2024 |
| Rights Issue Record Date | 5 July 2024 |
| Credit of Rights Entitlement | 10 July 2024 |
| Rights Issue Opening Date | 15 July 2024 |
| Last Date for Market Renunciation | 7 August 2024 |
| Rights Issue Closing Date | 13 August 2024 |
| Finalization of Basis of Allotment | 20 August 2024 |
| Rights Allotment Date | 21 August 2024 |
| Credit Date | 26 August 2024 |
| Listing Date | 28 August 2024 |
Inventure Growth & Securities Rights Issue Details
| Issue Open | July 15, 2024 – August 13, 2024 |
| Security Name | Inventure Growth & Securities Ltd. |
| Issue Size (Shares) | 210,000,000 |
| Issue Size (Amount) | ₹48.93 Crores |
| Issue Price | ₹2.33 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | Full amount has to be paid on the day of application; |
| Entitlement | 1 Rights Equity Share(s) for every 4 fully paid-up Equity Shares held on Record Date |
Inventure Growth Rights Issue Calculation
| Inventure Growth Rights Issue Price | ₹ 2.33 per share |
| Market Price on Rights Issue Approval | ₹ 2.76 per share |
| Dilution Factor (X) | 1.25 |
| Fair Value After Dilution at Prevailing Price | ₹ 2.67 per share |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 47.0 | 51.0 | 59.0 |
| Expenses | 30.0 | 36.0 | 38.0 |
| Operating Margin (%) | 37.0 | 30.0 | 36.0 |
| Net Income | 14.0 | 9.0 | 12.0 |
| ROCE (%) | 9.0 | 6.0 | – |
Rights Issue Documents
- Inventure Growth Rights Issue Application Form
- Inventure Growth Letter of Offer
- Board Meeting Outcome
Inventure Growth & Securities Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: inventure.rights2023@linkintime.co.in
Website: www.linkintime.co.in
Company Contact Information
INVENTURE GROWTH AND SECURITIES LIMITED
201, 2nd Floor, Viraj Tower, Near Landmark, Western Express Highway,
Andheri – East, Mumbai – 400069, Maharashtra, India
Phone: +91 – 22-71148500/600
Email: cs@inventuregrowth.com
Website: www.inventuregrowth.com
Final Thoughts
Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.
Happy investing
