Visagar Financial Services, a non-banking financial company engaged in investment and financial services, was founded in 1994. The corporation invests in the securities of both publicly traded and privately held businesses. Financial services, education, and real estate are among the diverse industries represented in its investment portfolio.
Visagar Financial Services’ portfolio is mainly divided into investments and unquoted lending. Financial advisory services as well as corporate advisory services
Visagar Financial Services’ activities in general include purchasing securities from both public and unlisted companies. When making investments, they carefully took into account issues like possibilities and current market conditions. Visagar Financial Services has invested in a range of industries. The sale of shares is where they make the most money.
Visagar Financial Rights Issue Details
| Visagar Financial Rights Issue Date | 12 January 2023 – 02 February 2023 |
| Visagar Financial Rights Issue Price | INR 1 per share |
| Issue Size (in Shares) | 49,73,87,700 shares |
| Issue Size (in INR) | INR 49.73 crore |
| Issue Entitlement | 51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date |
| Terms of Payment | The full amount of the Issue Price being INR 1 will be payable on application |
| Visagar Financial Rights Issue Record Date | 30 December 2022 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Visagar Financial Rights Issue Tentative Dates
| Visagar Financial Rights Issue Record Date | 30 December 2022 |
| Credit of Rights Entitlement | 11 January 2023 |
| Visagar Financial Rights Issue Opening Date | 12 January 2023 |
| Last Date for Market Renunciation | 25 January 2023 |
| Visagar Financial Rights Issue Closing Date | 02 February 2023 |
| Finalization of Basis of Allotment | 14 February 2023 |
| Visagar Financial Rights Allotment Date | 15 February 2023 |
| Credit Date | 16 February 2023 |
| Listing Date | 01 March 2023 |
Visagar Financial Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | – | (0.11) | 0.02 |
| PE ratio | – | – | – |
| RONW (%) | – | 2.97 | 1.99 |
| ROCE (%) | (1.90) | (2.55) | 1.81 |
Objects of the Issue:
The Company intends to utilize the proceeds of the Issue towards the following objects:
- To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities; and
- General corporate purposes
Visagar Financial Services Rights Issue Documents
Company Contact Information
Visagar Financial Services Limited
907-908, Dev Plaza, 9th Floor,
S.V. Road, Andheri (West),
Mumbai – 400 058
Phone: +91 22 67424815
Email: companysecretary@sakumaexportsltd.com
Website: http://www.vfsl.org/
Visagar Financial Services Rights Issue Registrar
- Adroit Corporate Services Pvt Ltd
Phone: 91- 22- 2859 6060/2859 4060
Email: divyan@adroitcorporate.com
Website: http://www.adroitcorporate.com
