Contents
- 1 Table of Contents
- 2 VSF Projects Rights Issue 2024 Details
- 3 VSF Projects Finaincial Report
- 4 VSF Projects Rights Issue 2024 Calculation
- 5 Objectives Of Issue
- 6 VSF Projects Rights Offer Documents 2024
- 7 VSF Projects Rights Issue 2024 Dates
- 8 VSF Projects Rights Issue Lead Manager
- 9 VSF Projects Rights Issue Registrar
- 10 VSF Projects Limited Contact
- 11 VSF Projects Rights Issue 2024 FAQs
- 11.1 When is the VSF Projects rights issue 2024 scheduled to take place?
- 11.2 What is the record date for the VSF Projects rights issue?
- 11.3 What are the objectives of the VSF Projects rights issue?
- 11.4 What are the terms of payment for the VSF Projects rights issue?
- 11.5 What is the dilution factor and fair value after dilution at the prevailing price?
VSF Projects Rights Issue 2024: VSF Projects has announced a rights issue scheduled to open on June 5 and close on June 20, 2024. The record date for the rights issue is May 24, 2024. The company plans to offer 9,865,121 equity shares at ₹50 per share, totalling ₹49.33 Crores.
Shareholders will be entitled to receive 3 rights shares for every 2 fully-paid equity shares held on the record date.
Additionally, VSF Projects operates an aquaculture farm in Ankalapatur village, Tirupati district, Andhra Pradesh. The farm specializes in cultivating the Black Tiger variety (P. Monodon) as a 100% export-oriented unit. It comprises 64 ponds and an in-house hatchery with an installed capacity of 40 million seeds per annum, catering to captive consumption.
Table of Contents
See the list of right issue – Right Issue List 2024
VSF Projects Rights Issue 2024 Details
| parameter | Details |
|---|---|
| Rights Issue Date | June 5, 2024 to June 20, 2024 |
| Rights Issue Record Date | May 24, 2024 |
| Rights Issue Price | INR ₹50 per share |
| Issue Size | 9,865,121 Shares |
| Issue Size (₹) | ₹49.33 Crores |
| Issue Entitlement | For every 2 fully paid-up equity shares held on the record date, shareholders will receive an entitlement of 3 rights equity shares. |
| Terms of Payment | The Board, at its sole discretion, will determine the subsequent call(s) amounting to Rs 25, which shareholders can pay in one or more instalments following the application fee of Rs 25. |
| Face Value | INR 10 per share |
| Listing On | BSE |
VSF Projects Finaincial Report
| ear Ended | Revenue (₹ in Crores) | Expense (₹ in Crores) | Profit After Tax (PAT) (₹ in Crores) |
|---|---|---|---|
| 31 Mar 2021 | ₹1.74 | ₹1.63 | ₹0.15 |
| 31 Mar 2022 | ₹1.65 | ₹1.66 | ₹0.08 |
| 31 Mar 2023 | ₹1.63 | ₹1.57 | ₹0.01 |
VSF Projects Rights Issue 2024 Calculation
| Parameter | Value |
|---|---|
| VSF Projects Rights Issue Price | ₹50 per share |
| Market Price on Rights Issue Approval | ₹77.38 per share |
| Dilution Factor (X) | 2.50 |
| Fair Value After Dilution at Prevailing Price | ₹60.95 per share |
Objectives Of Issue
The company intends to allocate the net proceeds from the issue for the following purposes:
- Financing capital expenditure for the construction of a Multi-Product Free Trade Warehousing Zone (SEZ) along with an inland Container Depot.
- Settling Unsecured Loans through the Rights Entitlement of the Promoters.
- Addressing general corporate requirements.
- Covering issue-related expenses.
VSF Projects Rights Offer Documents 2024
VSF Projects Rights Issue 2024 Dates
| Event | Date |
|---|---|
| Deadline for Share Purchase: | May 23, 2024 |
| Record Date | May 24, 2024 |
| Crediting of Rights Entitlements: | |
| Bid Opens On | June 5, 2024 |
| Renunciation of Rights Entitlements | June 13, 2024 |
| Bid Closes On | June 20, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
VSF Projects Rights Issue Lead Manager
Coming soon
VSF Projects Rights Issue Registrar
- Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
VSF Projects Limited Contact
VSF Projects Limited
Sy.No.782 to 1236, Ankulapatur Village
Chillakur Mandal, Tirupati District, Andhra Prades
Tirupati District- 524 412
Phone: + 040 – 23548694
Email: vsfprojectsltd91@gmail.com
Website: https://www.vsfproject.com/
VSF Projects Rights Issue 2024 FAQs
When is the VSF Projects rights issue 2024 scheduled to take place?
The rights issue is scheduled to open on June 5, 2024, and close on June 20, 2024.
What is the record date for the VSF Projects rights issue?
The record date for the rights issue is May 24, 2024.
What are the objectives of the VSF Projects rights issue?
The net proceeds from the issue will be utilized for financing capital expenditure for constructing a Multi-Product Free Trade Warehousing Zone (SEZ) with an inland Container Depot, settling unsecured loans, addressing general corporate requirements, and covering issue-related expenses.
What are the terms of payment for the VSF Projects rights issue?
Shareholders can pay an application fee of ₹25, and subsequent call(s) amounting to ₹25 will be determined by the Board at its sole discretion.
What is the dilution factor and fair value after dilution at the prevailing price?
The dilution factor is 2.50, and the fair value after dilution at the prevailing price is ₹60.95 per share.
