Vaxfab Enterprises Rights Issue will open for subscription from 18 January 2023. the company aims for an issue size of ₹12.96 Crores through this rights Issue.
Vaxfab Enterprises Limited
Incorporated in 1983, Vaxfab Enterprises Limited undertakes multiple types of business operations. These include manufacturing, export & import, trading, buying, selling, dealing, and distribution of domestic electrical and audio-visual appliances.
The operations mainly revolve around air conditioners, refrigerators, radios, television, electrical fans, and electrical fittings. They are not limited to this, further, they also engage in the manufacturing of music systems including music players, computer-operated music systems, mixers, grinders, ovens, electrical cooking ranges, flour machinery, cloth, dishwashing machines, and any other electronic appliances.
In the channel of distribution, Vaxfab Enterprises deals as a wholesaler as well as a retailer and primarily sells its products in India. The securities of Vaxfab Enterprises Limited are listed on the Bombay Stock Exchange (BSE). The total assets of the company as of 31st March 2022 stood at Rs. 315.35 lakhs, and for the previous year, the value was Rs. 321.22 lakhs respectively.
Objectives of the Issue
- To meet the Working Capital requirement of the Company;
- General corporate purposes.
Rights Issue Timetable
| Record Date | 03 January 2023 |
| Credit of Rights Entitlements | 13 January 2023 |
| Bid/Offer Opens On | 18 January 2023 |
| Renunciation of Rights Entitlements | 06 February 2023 |
| Bid/Offer Closes On | 10 February 2023 |
| Deemed Date of Allotment | 09 February 2023 |
| Credit Date | 13 February 2023 |
| Listing Date | 16 February 2023 |
Vaxfab Enterprises Rights Issue 2023 Details
| Issue Open | Jan 18, 2023 – Feb 10, 2023 |
| Security Name | Vaxfab Enterprises Limited |
| Issue Size (Shares) | 7,200,000 |
| Issue Size (Amount) | ₹12.96 Crores |
| Issue Price | ₹18 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The aggregate amount of Rs. 18 is to be payable at the time of Application. |
| Entitlement | 6 RIGHTS EQUITY SHARES FOR EVERY 1 FULLY PAID-UP EQUITY SHARES |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 3.21 | 1.2 | -0.01 | 3.12 | 0.07 |
| 31-Mar-22 | 3.15 | 0.37 | 0 | 3.12 | 0.02 |
Vaxfab Enterprises Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Vaxfab Enterprises Limited
Survey No. 229, Paiki, Plot No. 3,
Nr Gandhi Estate, B/h Ashopalav Hotel, Narol,
Ahmedabad, Gujarat 382405
Phone: 9727170232
Email: vaxfabenterprisesltd@gmail.com
Website: http://vaxfabenterprisesltd.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
