MKVentures Capital Rights Issue

MKVentures Capital Rights Issue will open for subscription from 17 April 2023. the company aims for an issue size of ₹39.97 Crores through this rights Issue.

About the company

Incorporated in 1991, MKVentures Capital Limited provides financial services.
The Company is a Non-Banking Financial Company (NBFC), registered with the Reserve Bank of India as an NBFC -Non-Deposit taking-Non-Systemically Important (‘NBFC-ND-SI’).

Objectives of the Issue

  • To meet the requirements of Minimum Public Shareholding as stipulated under Rule 19 (2)(b) of the Securities Contract Regulation (Rules), 1957 read with Regulation 19A Securities Contract Regulation (Rules), 1957 and Regulation 38 of the SEBI (LODR) Regulations, 2015
  • To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities.
  • General corporate purposes.

Rights Issue Timetable

Last Date to buy shares31 March 2023
Record Date04 April 2023
Credit of Rights Entitlements13 April 2023
Bid/Offer Opens On17 April 2023
Renunciation of Rights Entitlements20 April 2023
Bid/Offer Closes On25 April 2023
Deemed Date of Allotment03 May 2023
Credit Date04 May 2023
Listing Date08 May 2023

MKVentures Capital Rights Issue Details

Issue OpenApr 17, 2023 – Apr 25, 2023
Security NameMKVentures Capital Limited
Issue Size (Shares)427,050
Issue Size (Amount)₹39.97 Crores
Issue Price₹936 per share
Face Value₹10 per share
Listing AtBSE
Terms of PaymentOn Application, investors will have to pay Rs. 936 per Rights Equity Share which constitutes 100% of the Issue Price.
Entitlement1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

  • Choice Capital Advisors Pvt Ltd

Rights Issue Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270

Company Contact Information

MKVentures Capital Limited
Express Towers,
11th Floor,
Nariman Point, Mumbai – 400 021

Phone: +91 22 6267 3701

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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