Vintage Coffee And Beverages Rights Issue will open for subscription from 03 July 2023. the company aims for an issue size of ₹41.88 Crores through this rights Issue.
About the company
Incorporated in 1980, Vintage Coffee And Beverages Limited produces instant coffee products. The company has two main products:
- Spray Dried Instant Coffee
- Agglomerated Instant Coffee
Spray Dried Instant Coffee is produced by roasting green coffee beans. The aroma that has been evaporated because of high temperature is separated and captured separately and the captured aroma is added back on later. Spray-dried coffee is finely ground and steam fused to bind the fine-ground instant coffees into granules. It is a more soluble and attractive form of Instant coffee. Agglomerated Instant Coffee is coffee to which, after being dried, the powder is added, and then an additional steam belt or steam curtain process is applied, which causes the particles to bind together, thus forming granules. Vintage Coffee And Beverages products come in Tins, Pouches, Sachets, and Bulk boxes.
Objectives of the Issue
- To finance Working Capital Requirements,
- To invest in Delecto Foods Private Limited, a Wholly Owned Subsidiary Company to finance its Working Capital Requirements.
- To make acquisitions of businesses in similar or complementary spaces,
- General corporate purposes, and
- To meet the expenses of the Issue.
Vintage Coffee And Beverages Rights Issue Timetable
| Last Date to buy shares | 16 June 2023 |
| Record Date | 19 June 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 03 July 2023 |
| Renunciation of Rights Entitlements | 05 July 2023 |
| Bid/Offer Closes On | 10 July 2023 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Vintage Coffee And Beverages Rights Issue Details
| Issue Open | Jul 3, 2023 – Jul 10, 2023 |
| Security Name | Vintage Coffee And Beverages Limited |
| Issue Size (Amount) | ₹41.88 Crores |
| Issue Price | ₹12 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs. 12.00 per Equity Share is payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 246.13 | 37.26 | -12.27 | 104.64 | 34.84 | 109.74 |
| 31-Mar-23 | 245.76 | 63.29 | 3.86 | 108.48 | 38.68 | 102.27 |
Rights Issue Documents
Lead Manager(s)
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
Vintage Coffee And Beverages Limited
202, Oxford Plaza,
No.9-1-129/1,S D Road,
Secunderabad – 500003
Phone: +91 040 40266650
Email: mdo@vintagecoffee.in
Website: http://www.vintagecoffee.in/index.html
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
