Vishvprabha Ventures Rights Issue will open for subscription from 19 August 2024. the company aims for an issue size of ₹4.49 Crores through this rights Issue.
About the company
Founded in 1985, Vishvprabha Ventures specializes in contracting and sub-contracting for a range of projects, particularly in the construction of commercial and industrial buildings. The company primarily focuses on civil construction projects, which include the development of Airport projects, Bridges & Culverts, Irrigation projects, commercial structures, State & National Highways, Railway projects, Earthworks, WTP Projects, High-Capacity Transport Corridors, Power Generation, Water Pipeline projects, Gas Pipeline Projects, and Hospitals & Building Construction.
The company operates through two subsidiaries: Vishvprabha & VS Buildcon Private Limited, both of which are engaged in the real estate development sector. With plans to construct affordable townships and housing projects, the company aims to capitalize on multiple benefits. As of June 2023, the company employs 27 people across various departments.
Objectives of the Issue
- Repayment or pre-payment of a portion of unsecured loans availed by the company from the promoters; and
- General corporate purposes.
Vishvprabha Ventures Rights Issue Timetable
| Rights Issue Approval Date | 01 August 2024 |
| Rights Issue Record Date | 07 August 2024 |
| Credit of Rights Entitlement | 16 August 2024 |
| Rights Issue Opening Date | 19 August 2024 |
| Last Date for Market Renunciation | 27 August 2024 |
| Rights Issue Closing Date | 02 September 2024 |
| Finalization of Basis of Allotment | 10 September 2024 |
| Rights Allotment Date | 11 September 2024 |
| Credit Date | 16 September 2024 |
| Listing Date | 18 September 2024 |
Vishvprabha Ventures Rights Issue Details
| Issue Open | August 19, 2024 – September 2, 2024 |
| Security Name | Vishvprabha Ventures Ltd |
| Issue Size (Shares) | 1,403,182 |
| Issue Size (Amount) | ₹4.49 Crores |
| Issue Price | ₹32 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Entire Amount to be Paid on Application. |
| Entitlement | 9 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date |
Vishvprabha Ventures Rights Issue Calculation
| Vishvprabha Ventures Rights Issue Price | ₹ 32 per share |
| Market Price on Rights Issue Approval | ₹ 99.34 per share |
| Dilution Factor (X) | 1.82 |
| Fair Value After Dilution at Prevailing Price | ₹ 69.04 per share |
Company Financials
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 2.40 | 1.84 | 5.47 |
| Expenses | 3.03 | 1.72 | 5.14 |
| Operating Margin (%) | (14.03) | 9.26 | 18.50 |
| Net Income | (0.42) | (0.02) | 0.04 |
| ROCE (%) | (6.62) | (0.63) | 4.20 |
Rights Issue Documents
- Vishvprabha Ventures Rights Issue Application Form
- Vishvprabha Ventures Letter of Offer
- Board Meeting Outcome
Vishvprabha Ventures Rights Issue Lead Manager(s)
Vishvprabha Ventures Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: vishvprabha.rights@linkintime.co.in
Website: www.linkintime.co.in
Company Contact Information
VISHVPRABHA VENTURES LIMITED
Ground Floor, Avighna Heights, Survey No. 45-4B,
Behind Sarvoday Park, Nandivali Road,
Dombivili East, Thane, Maharashtra – 421201
Phone: +8850814600
E-mail: cosec@vishvprabhaventures.com
Website: www.vishvprabhaventures.com
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
