Viji Finance Rights Issue

Viji Finance Rights Issue will open for subscription from 28 May 2024. the company aims for an issue size of ₹9.00 Crores through this rights Issue.

About the company

Viji Finance provides financial services as a Non-Systematically Important Non-Deposit Non-Banking Finance Company registered with the RBI. It offers working capital loans to corporations, primarily unsecured. The company extends loans only to borrowers known to the promoter. The company mainly operates in infrastructure, housing, infrastructure development, construction, and vehicle financing in India. As of 31 December 2023, the company had four employees working across business operations, administration, secretarial, and legal departments. The company also expands into new business areas, including housing finance, gold loans, education loans, and medical equipment.

Objectives of the Issue

  • To augment our capital base and provide for the fund requirements for increasing our operational scale concerning the NBFC activities; and
  • General Corporate Purposes.

Viji Finance Rights Issue Timetable

Last Date to buy shares14 May 2024
Record Date15 May 2024
Credit of Rights Entitlements24 May 2024
Bid/Offer Opens On28 May 2024
Renunciation of Rights Entitlements04 June 2024
Bid/Offer Closes On26 June 2024
Deemed Date of Allotment14 June 2024
Credit Date19 June 2024
Listing Date24 June 2024

Viji Finance Rights Issue Details

Issue OpenMay 28, 2024 – June 26, 2024
Security NameViji Finance Ltd
Issue Size (Shares)60,000,000
Issue Size (Amount)₹9.00 Crores
Issue Price₹1.5 per share
Face Value₹1 per share
Listing AtBSE, NSE
Terms of PaymentAll money payable at the time of Application.
Entitlement8 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date

Company Financials

 FY 2021FY 2022FY 2023
Operating Margin (%)72.3447.5455.02
Net Income0.450.440.44
ROCE (%)4.263.554.27
(Amount in ₹ Crore)

Rights Issue Documents

Lead Manager(s)

Rights Issue Registrar

Subramanian Building, No.1,
Club House Road, Chennai 600 002
Phone: 04440020700/28460390

Company Contact Information

11/2, Usha Ganj,
Jaora Compound, Indore (M.P.)-452001
Phone: 0731-4246092

Final Thoughts

Applying for the rights issue is purely a personal choice. Make sure you conduct a detailed study of the company and its rights issues before you make an investment decision.

Happy investing

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