Khoobsurat Rights Issue

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 shares03 May 2024
Record Date04 May 2024
Credit of Rights Entitlements09 May 2024
Bid/Offer Opens On15 May 2024
Renunciation of Rights Entitlements13 June 2024
Bid/Offer Closes On13 June 2024
Deemed Date of Allotment24 June 2024
Credit Date26 June 2024
Listing Date27 June 2024

Khoobsurat Rights Issue Details

Issue OpenMay 15, 2024 – June 13, 2024
Security NameKhoobsurat Ltd
Issue Size (Shares)349,591,421
Issue Size (Amount)₹34.96 Crores
Issue Price₹1 per share
Face Value₹1 per share
Listing AtBSE
Terms of PaymentThe full amount, i.e., Re. 1 per Rights Equity Share (including premium of ` Nil per Rights Equity Share) is payable on application.
Entitlement50 Rights Equity Share(s) for every 19 fully paid-up Equity Shares held on Record Date

Company Financials

 FY 2021FY 2022FY 2023
Operating Margin (%)
Net Income0.9624.4027.08
ROCE (%)0.041.311.42
(Amount in ₹ Lakhs)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone: +91 22 2301 2518 / 8261

Company Contact Information

7A, Bentinck Street, 3rd Floor,
Kolkata -700001, West Bengal, India
Phone: +91 33 40617068

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

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