Markobenz Ventures Rights Issue will open for subscription from 15 April 2024. the company aims for an issue size of ₹14.40 Crores through this rights Issue.
About the company
Founded in October 1985, Markobenz Ventures Limited, formerly Evergreen Textiles Limited, was originally engaged in manufacturing, bleaching, dyeing, printing, and knitting high-pile fur fabrics, as well as cloth and other fabrics made from various materials, such as acrylic, polyester, cotton, silk, artificial silk, wool, and other suitable materials.
The company has resumed trading agricultural commodities under the guidance of Nirupama Khandke, its Promoter. Markobenz Ventures Limited is a Mumbai-based company that now trades in organic agricultural commodities in the B2B sector. The company operates offline and specializes in bulk trading with prominent regional merchants. Their core offerings include loose packaging of organic fennel seed, organic cumin (jeera), cotton, and turmeric.
Objectives of the Issue
- Working Capital requirements;
- Adjustment of business advances and inter-corporate deposits against the entitlement of members
- General Corporate Purposes and
- Issue Expenses
Markobenz Ventures Rights Issue Timetable
| Last Date to buy shares | 26 March 2024 |
| Record Date | 27 March 2024 |
| Credit of Rights Entitlements | 18 April 2024 |
| Bid/Offer Opens On | |
| Renunciation of Rights Entitlements | |
| Bid/Offer Closes On | 30 April 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Markobenz Ventures Rights Issue Details
| Issue Open | April 15, 2024 – April 30, 2024 |
| Security Name | Markobenz Ventures Limited |
| Issue Size (Shares) | 14,400,000 |
| Issue Size (Amount) | ₹14.40 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The amount of Rs.10/- per Rights Equity Share to be paid on Application |
| Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 0.02 | 0.02 | 0.02 |
| Profit After Tax | -0.17 | -0.11 | -0.14 |
| Net Worth | -7.21 | -7.04 |
Markobenz Ventures Rights Issue Documents
Lead Manager(s)
Markobenz Ventures Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Company Contact Information
Markobenz Ventures Limited
Office No. 144, 14th Floor
Atlanta Building Plot No 209,
Jamnalal Bajaj Road, Nariman Point, Mumbai-40002
Phone: + 91 88828 64121
Email: info@evergreentextiles.in
Website: https://www.evergreentextiles.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
