Veer Global Infraconstruction Rights Issue will open for subscription from 24 February 2023. the company aims for an issue size of ₹10.56 Crores through this rights Issue.
About the company
Incorporated in 2012, Veer Global Infraconstruction Limited is engaged in the real estate business. Veer Global are real estate developers, primarily focusing on the development of residential projects in the Vasai- Virar, and Palghar districts. The company has over 10 years of experience in developing residential projects in the low-income affordable housing segment. The company offers creative pricing and flexible payment terms ranges within the low-income affordable housing market segment.
Objectives of the Issue
- To part finance Incremental Working Capital;
- General corporate purposes;
- To meet the expenses of the Issue.
Rights Issue Timetable
| Record Date | 10 February 2023 |
| Credit of Rights Entitlements | 22 February 2023 |
| Bid/Offer Opens On | 24 February 2023 |
| Renunciation of Rights Entitlements | 03 March 2023 |
| Bid/Offer Closes On | 10 March 2023 |
| Deemed Date of Allotment | 21 March 2023 |
| Credit Date | 24 March 2023 |
| Listing Date | 29 March 2023 |
Veer Global Infraconstruction Rights Issue
| Issue Open | Feb 24, 2023 – Mar 10, 2023 |
| Security Name | Veer Global Infraconstruction Limited |
| Issue Size (Shares) | 812,000 |
| Issue Size (Amount) | ₹10.56 Crores |
| Issue Price | ₹130 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of Rs. 130 is payable at the time of Application. |
| Entitlement | 1 Rights Equity Share(s) for every 9 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 35.01 | 13.00 | 0.27 |
| 31-Mar-22 | 47.62 | 7.82 | 0.39 |
Rights Issue Documents
Lead Manager(s)
- Navigant Corporate Advisors Ltd
Rights Issue Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Company Contact Information
Veer Global Infraconstruction Limited
A-01 Shalibhadra Classic,
100 feet Link Road, Near Union Bank of India,
Nalasopara (E), Thane -401 209
Phone: +91-8484817311
Email: mail@veergloballtd.com
Website: http://www.veergloballtd.com/
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
