Khoobsurat Rights Issue will open for subscription from 15 May 2024. the company aims for an issue size of ₹34.96 Crores through this rights Issue.
About the company
Khoobsurat is involved in purchasing and selling stocks and shares, conducting business on both short-term and long-term bases. Its inventory is primarily made up of quoted shares and invests in unlisted companies. The company currently operates from its Kolkata office.
The company plans to invest INR 6.0 crore from the net proceeds into Salcete Brewing Limited in Goa by subscribing to its equity shares. The price and percentage of investment in the equity shares will be determined at the time of the investment. As of April 2024, the company employs 8 people across various departments.
The company’s business can be divided into the following sections:
- Financing Activities: Providing services to both individuals and corporate entities.
- Investing in Shares and Securities: Engaging in the investment of shares and securities.
Objectives of the Issue
- Purchase of Corporate Office in Mumbai and Kolkata;
- Equity Investment in Salcete Brewing Limited;
- Purchase of Tradable and Strategic, securities and Stock; and
- General Corporate Purposes
Khoobsurat Rights Issue Timetable
| Last Date to buy shares | 03 May 2024 |
| Record Date | 04 May 2024 |
| Credit of Rights Entitlements | 09 May 2024 |
| Bid/Offer Opens On | 15 May 2024 |
| Renunciation of Rights Entitlements | 13 June 2024 |
| Bid/Offer Closes On | 13 June 2024 |
| Deemed Date of Allotment | 24 June 2024 |
| Credit Date | 26 June 2024 |
| Listing Date | 27 June 2024 |
Khoobsurat Rights Issue Details
| Issue Open | May 15, 2024 – June 13, 2024 |
| Security Name | Khoobsurat Ltd |
| Issue Size (Shares) | 349,591,421 |
| Issue Size (Amount) | ₹34.96 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The full amount, i.e., Re. 1 per Rights Equity Share (including premium of ` Nil per Rights Equity Share) is payable on application. |
| Entitlement | 50 Rights Equity Share(s) for every 19 fully paid-up Equity Shares held on Record Date |
Company Financials
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 46.01 | 83.42 | 73.30 |
| Expenses | 44.73 | 50.52 | 36.82 |
| Operating Margin (%) | – | – | – |
| Net Income | 0.96 | 24.40 | 27.08 |
| ROCE (%) | 0.04 | 1.31 | 1.42 |
Rights Issue Documents
Lead Manager(s)
Rights Issue Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 22 2301 2518 / 8261
Email: support@purvashare.com
Website: www.purvashare.com
Company Contact Information
KHOOBSURAT LIMITED
7A, Bentinck Street, 3rd Floor,
Kolkata -700001, West Bengal, India
Phone: +91 33 40617068
Email: khoobsurat.kolkata@gmail.com
Website: www.khoobsuratltd.co.in
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
