Edvenswa Enterprises Rights Issue Date, Price, Market Lot, Subscription 2024

Edvenswa Enterprises Rights Issue Date, Price, Market Lot, Subscription 2024


Edvenswa Enterprises Rights Issue

Edvenswa Enterprises Rights Issue is scheduled on 25 Oct – 11 Nov 2024

Edvenswa Enterprises is the parent company of Edvenswa Tech Inc., with a consolidated focus on software development and enterprise solutions. It specializes in delivering a wide range of Information Technology services to businesses across various sectors. The company designs, develops, and maintains software systems, creates new applications, and enhances the functionality of clients’ existing software using proprietary tools, frameworks, and processes.

Edvenswa Enterprises offers a broad spectrum of services, including UI/UX design and development, rapid prototyping and product development, enterprise application engineering, software quality assurance, and business process automation using robotic process automation (RPA) tools. Additional services include social/mobile application development, application integration, maintenance and migration services, cloud migration, DevOps engineering, data management and integration, big data analytics and data science services, and extended R&D partnerships.

As of 24 August 2024, the company, along with its subsidiaries, employs 43 permanent staff members.

Edvenswa Enterprises Rights Issue Dates

Promoters of the Edvenswa Enterprises – Mr. Sreenivasa Sreekanth Uppuluri, and Mr. Yerradoddi Ramesh Reddy


Edvenswa Enterprises Rights Issue Details

Edvenswa Enterprises Rights Issue Date 25 Oct – 11 Nov 2024
Edvenswa Enterprises Rights Issue Price INR 60 per share
Issue Size (in Shares) 45,00,000 shares
Issue Size (in INR) INR 27 crore
Issue Entitlement 20 equity shares for every 41 equity shares held on record date
Terms of Payment Fully payable at the time of application
Edvenswa Enterprises Rights Issue Record Date 14 October 2024
Face Value INR 10 per share
Listing On BSE

Edvenswa Enterprises Rights Issue Calculation

Edvenswa Enterprises Rights Issue Price INR 60 per share
Market Price on Rights Issue Approval INR 86.68 per share
Dilution Factor (X) 1.49
Fair Value After Dilution at Prevailing Price INR 77.93 per share

Edvenswa Enterprises Financial Performance

  FY 2022 FY 2023 FY 2024
Revenue 37.88 51.42 84.29
Expenses 34.90 45.04 72.76
OPM (%) 7.87 12.41 13.68
Net income 3.75 5.77 7.37
Figures in INR Crores unless specified otherwise

Edvenswa Enterprises Rights Offer Objectives

The net proceeds from the offer are proposed to be used for the following objective

  • To product purchases in the issuer the company
  • To invest in its wholly owned subsidiary company for expansion of business
  • New business acquisitions
  • General corporate purposes

Edvenswa Enterprises Rights Offer Documents


Edvenswa Enterprises Rights Issue Dates

Rights Issue Approval Date 3 October 2024
Rights Issue Record Date 14 October 2024
Credit of Rights Entitlement Coming soon
Rights Issue Opening Date 25 October 2024
Last Date for Market Renunciation 5 November 2024
Rights Issue Closing Date 11 November 2024
Finalization of Basis of Allotment Coming soon
Rights Allotment Date Coming soon
Credit Date Coming soon
Listing Date Coming soon

Edvenswa Enterprises Rights Offer Lead Manager

FINSHORE MANAGEMENT SERVICES LIMITED
Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227
A.J.C Bose Road, Kolkata-700020, West Bengal, India
Phone: +91 33 22895101 / +91 33 4603 2561
Email[email protected]
Website: www.finshoregroup.com


Edvenswa Enterprises Rights Offer Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: 044 4002 0700 / 2846 0390
Email: [email protected]
Website: www.cameoindia.com


EDVENSWA ENTERPRISES LIMITED
IQ 3-A2, First Floor, Cyber Towers,
Hitec City, Madhapur, Hyderabad,
Shaikpet, Telangana, India, 500081
Phone: +91 91000 52964
E-mail: [email protected]
Website: www.edvenswa.com


Edvenswa Enterprises Rights Offer FAQs

What is the Edvenswa Enterprises Rights Issue Price?

The issue price is INR 60 per share.

What is the Edvenswa Enterprises Rights Issue entitlement ratio?

The eligible shareholders are offered 20 Equity Shares for every 41 Equity Shares held on the record date.

What is the Edvenswa Enterprises Rights Issue Record Date?

The Record date is 14 October 2024.

How to Apply in Edvenswa Enterprises Rights Offer?

The best way to apply in Edvenswa Enterprises Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.



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