Inventure Growth Rights Issue 2024: Date, Price, and Entitlement

Inventure Growth and Securities Limited is set to launch its Rights Issue from July 15 to August 13, 2024. This initiative aims to bolster the company’s financial capabilities and expand its market presence. Here’s everything you need to know about the Inventure Growth Rights Issue 2024.

Introduction to Inventure Growth and Securities

Inventure Growth and Securities offers a comprehensive suite of financial services, including equity and derivatives trading, debt market investments, commodities trading, and currency futures. The company also engages in wealth management, financial product distribution, institutional broking and acts as a depository participant.

Inventure Growth Rights Issue 2024: Date, Price, and Entitlement

Inventure Growth Rights Issue Details

  • Rights Issue Date: July 15 to August 13, 2024
  • Issue Price: INR 2.33 per share
  • Issue Size: 21,00,00,000 shares
  • Total Issue Size: INR 48.93 crore
  • Issue Entitlement: 1 equity share for every 4 equity shares held on the record date
  • Face Value: INR 1 per share
  • Listing On: NSE, BSE

Payment Terms: Applicants are required to pay the full amount at the time of application.

Record Date: July 5, 2024, is the cut-off date for eligibility to participate in the Rights Issue.

Rights Issue Calculation

The issue price per share is set at INR 2.33, with the market price at the time of rights issue approval standing at INR 2.76 per share. This translates to a dilution factor of 1.25, resulting in a fair value of INR 2.67 per share after accounting for dilution.

Inventure Growth Financial Performance

Inventure Growth and Securities have shown robust financial performance over the years:

Financial YearRevenue (INR Crores)Operating Margin (%)Net Income (INR Crores)ROCE (%)
FY 202247.037.014.09.0
FY 202351.030.09.06.0
FY 202459.036.012.0

Objectives of the Rights Issue

The funds raised through the Rights Issue will be utilized for:

  • Expansion of Arbitrage and share trading business
  • Working Capital for Expansion of Arbitrage and Share Trading Business
  • Expansion of Margin Trading Facility (MTF)
  • Investment in new-edge proprietary technology and software

Rights Issue Documentation

Interested investors can access the following documents related to the Rights Issue:

Rights Issue Important Dates

  • Rights Issue Opening Date: July 15, 2024
  • Last Date for Market Renunciation: August 7, 2024
  • Rights Issue Closing Date: August 13, 2024

Registrar for Inventure Growth Rights Issue

LINK INTIME INDIA PRIVATE LIMITED will oversee the administration of the Rights Issue. For queries or assistance, you can reach them at:

  • Address: C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West, Mumbai – 400 083, Maharashtra
  • Telephone: +91 810 811 4949
  • Email: inventure.rights2023@linkintime.co.in
  • Website: www.linkintime.co.in

Contact Information

For further details about Inventure Growth and Securities Limited and the Rights Issue, contact:

  • Address: 201, 2nd Floor, Viraj Tower, Near Landmark, Western Express Highway, Andheri – East, Mumbai – 400069, Maharashtra, India
  • Phone: +91 – 22-71148500/600
  • Email: cs@inventuregrowth.com
  • Website: www.inventuregrowth.com

Conclusion

The Inventure Growth Rights Issue 2024 presents an opportunity for existing shareholders to enhance their stake in the company and participate in its growth trajectory. With a clear focus on expanding its operational capabilities and leveraging advanced technologies, Inventure Growth and Securities aim to consolidate its position in the financial services sector.

For those looking to capitalize on this opportunity, mark your calendars and stay informed about the Rights Issue process and important dates.

FAQs Of Inventure Growth Rights Issue 2024

What is the Inventure Growth Rights Issue?

The Inventure Growth Rights Issue is a fundraising initiative by Inventure Growth and Securities Limited, where existing shareholders are offered additional shares at a specified price and ratio.

When is the Rights Issue of Inventure Growth scheduled?

The Rights Issue opens on July 15, 2024, and closes on August 13, 2024. The record date for determining eligibility is July 5, 2024.

What is the price of the Inventure Growth Rights Issue shares?

The price per share for the Inventure Growth Rights Issue is INR 2.33. This is the amount at which eligible shareholders can purchase additional shares.

What is the entitlement ratio for the Inventure Growth Rights Issue 2024?

Shareholders are entitled to receive 1 equity share for every 4 equity shares held as of the record date, July 5, 2024.

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