Vaxfab Enterprises Rights Issue

Vaxfab Enterprises Rights Issue 

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 Date03 January 2023
Credit of Rights Entitlements13 January 2023
Bid/Offer Opens On18 January 2023
Renunciation of Rights Entitlements06 February 2023
Bid/Offer Closes On10 February 2023
Deemed Date of Allotment09 February 2023
Credit Date13 February 2023
Listing Date16 February 2023

Vaxfab Enterprises Rights Issue 2023 Details

Issue OpenJan 18, 2023 – Feb 10, 2023
Security NameVaxfab 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 AtBSE
Terms of PaymentThe aggregate amount of Rs. 18 is to be payable at the time of Application.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
(Amount in ₹ Crore)

Vaxfab Enterprises Rights Issue Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390

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

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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