Veer Global Infraconstruction Rights Issue

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 Date10 February 2023
Credit of Rights Entitlements22 February 2023
Bid/Offer Opens On24 February 2023
Renunciation of Rights Entitlements03 March 2023
Bid/Offer Closes On10 March 2023
Deemed Date of Allotment21 March 2023
Credit Date24 March 2023
Listing Date29 March 2023

Veer Global Infraconstruction Rights Issue

Issue OpenFeb 24, 2023 – Mar 10, 2023
Security NameVeer 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 AtBSE
Terms of PaymentThe entire amount of Rs. 130 is payable at the time of Application.
Entitlement1 Rights Equity Share(s) for every 9 fully paid-up Equity Shares held on Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

  • Navigant Corporate Advisors Ltd

Rights Issue Registrar

Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761

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

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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