Visagar Financial Services Limited Right Issue

₹49.74 Cr BSE 12 Jan 2023 – 10 Feb 2023

Closed BSE
HomeRight Issue › Visagar Financial Services Limited
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Issue Price
₹1.00
Face Value
₹1.00
Issue Size (Shares)
497,387,700
Issue Size (₹ Cr.)
₹49.74
📅 Right Issue Timetable
Last Date to Buy Shares
Record DateFri, Dec 30, 2022
Credit of Rights EntitlementsWed, Jan 11, 2023
Bid/Offer Opens OnThu, Jan 12, 2023
Issue Open DateThu, Jan 12, 2023
Renunciation Last DateWed, Jan 25, 2023
Bid/Offer Closes OnFri, Feb 10, 2023
Issue Close DateFri, Feb 10, 2023
Deemed Date of AllotmentWed, Feb 15, 2023
Credit DateThu, Feb 16, 2023
Listing DateWed, Mar 1, 2023
📋 Right Issue Details
Issue Size (Shares)497,387,700
Issue Size (Amount)₹49.74 Cr.
Issue Price₹1.00 per share
Face Value₹1.00 per share
Entitlement Ratio
Listing AtBSE
Terms of Payment₹1 per share payable in full at the time of application.
📊 Company Financials (Restated)
Period Ended2022-09-302022-03-312021-03-31
Income23.3116.8266.58
EBITDA
Net Worth8.8811.9511.71
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
2To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities; and
3General corporate purposes
🏢 About the Company
Incorporated in 1994, Visagar Financial Services Limited is a Non-Banking Financial Company (NBFC) and is registered with RBI to carry out its operations. The Company is a non-deposit taking Non-Banking Financial Company (NBFC-Non-Systematically Important NonDeposit Taking Company categorized as Investment and Credit Company i.e. ICC).

The portfolio of Visagar Financial Services is broadly categorized into

Investments - Quoted and Unquoted
Lending - Secured and Unsecured
Consulting - Financial Advisory and Corporate Advisory
The operations of Visagar Financial Services broadly include investing in securities of listed and unlisted companies. They precisely considered factors like opportunities, and market conditions; both long-term and short-term while investing. Visagar Financial Services has diversified its investments in a variety of sectors. They generate maximum revenue from the sale of shares.

The company's portfolio also includes providing secured and unsecured loans based on the client's risk profiles.
📞 Company Contact
CompanyVisagar Financial Services Limited
Address907-908, Dev Plaza, 9th Floor,
S.V. Road, Andheri (West),
Mumbai - 400 058
Mumbai, Maharashtra, 400058
Phone+91 22 67424815
Emailcompanysecretary@sakumaexportsltd.com
WebsiteVisit ↗
📝 Registrar
NameAdroit Corporate Services Pvt.Ltd
Phone
Emaildivyan@adroitcorporate.com
WebsiteVisit ↗