VSF Projects Limited Right Issue

₹49.33 Cr BSE 5 Jun 2024 – 20 Jun 2024

Closed Ratio: 3 : 2 BSE
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Issue Price
₹50.00
Face Value
₹10.00
Issue Size (Shares)
9,865,121
Issue Size (₹ Cr.)
₹49.33
📅 Right Issue Timetable
Last Date to Buy SharesThu, May 23, 2024
Record DateFri, May 24, 2024
Credit of Rights EntitlementsTue, May 28, 2024
Bid/Offer Opens OnWed, Jun 5, 2024
Issue Open DateWed, Jun 5, 2024
Renunciation Last DateThu, Jun 13, 2024
Bid/Offer Closes OnThu, Jun 20, 2024
Issue Close DateThu, Jun 20, 2024
Deemed Date of AllotmentMon, Jul 1, 2024
Credit DateTue, Jul 2, 2024
Listing DateTue, Jul 9, 2024
📋 Right Issue Details
Issue Size (Shares)9,865,121
Issue Size (Amount)₹49.33 Cr.
Issue Price₹50.00 per share
Face Value₹10.00 per share
Entitlement Ratio3 : 2
Listing AtBSE
Terms of PaymentRs 25 on application. Rs 25 in one or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time.
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income0.261.631.65
EBITDA
Net Worth
Reserves & Surplus43.62-3.11-5.60

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1Funding capital expenditure expenses for constructing a Multi Product Free Trade Warehousing Zone (SEZ) with an inland Container Depot.
2Adjustment of Unsecured Loans against the Rights Entitlement of the Promoters;
3General Corporate Purpose;
4To meet Issue Expenses;
🏢 About the Company
Established in June 1992, VSF Projects Limited is a company focused on integrated construction and infrastructure development and execution.

The company has two main divisions:

The construction business, in which the company is engaged in.
Aquaculture
Since 2005, the company has executed various construction projects for the Karnataka State Highways and Public Works Department and the Department of Public Order. VSF Projects has successfully executed projects like National Highways, State Highways, Flyovers, and Bridges. We specialize in the turnkey execution of infrastructure projects.

As of May 2024, the company had 28 employees.
📞 Company Contact
CompanyVSF Projects Limited
AddressSy.No.782 to 1236, Ankulapatur Village
Chillakur Mandal, Tirupati District, Andhra Prades
Tirupati District- 524 412
Tirupati, Andhra Pradesh, 524412
Phone+ 040 - 23548694
Emailvsfprojectsltd91@gmail.com
WebsiteVisit ↗
📝 Registrar
NamePurva Sharegistry (India) Pvt.Ltd
Phone022-41343255
Emailnewissue@purvashare.com
WebsiteVisit ↗