Veer Energy Rights Issue is scheduled on
Veer Energy & Infrastructure is a publicly listed company incorporated and based in India. It specializes in implementing and operating large-scale projects in the renewable energy sector. As one of India’s leading renewable energy companies, Veer Energy & Infrastructure offers services across the country to develop, construct, and operate projects that contribute to the goal of achieving a low-carbon and sustainable future.
Veer Energy is a prominent developer of wind energy projects. The company’s wind farms are situated in four Indian states known for their high wind potential: Gujarat, Rajasthan, Maharashtra, and Tamil Nadu. These wind farms are spread across India. Veer Energy has installed and successfully commissioned over 200 Megawatts (MW) of wind turbines.
Veer Energy’s clientele includes Gamesa Wind Turbines, Suzlon Energy, Indian Renewable Energy Foundation (IREF – Reliance ADAG), Mudra Online Technologies, Kidstuff Promotions, SWL, Elecon Engineering, Vivek Agro Products, Hi-Tech Sweet Water Technologies, Macro Polymers, JSL Industries Ltd., Sankalp Recreation P. Ltd., Medion Healthcare Pvt. Ltd., and others.
Promoters of Veer Energy & Infrastructure –
Veer Energy Rights Issue Details
| Veer Energy Rights Issue Date | Coming soon |
| Veer Energy Rights Issue Price | INR 22.50 per share |
| Issue Size (in Shares) | 49,87,645 shares |
| Issue Size (in INR) | INR 11.22 crore |
| Issue Entitlement | 1 equity shares for every 3 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Veer Energy Rights Issue Record Date | Coming soon |
| Face Value | INR 10 per share |
| Listing On | BSE |
Veer Energy Rights Issue Calculation
| Veer Energy Rights Issue Price | INR 22.50 per share |
| Market Price on Rights Issue Approval | INR 22.77 per share |
| Dilution Factor (X) | 1.33 |
| Fair Value After Dilution at Prevailing Price | INR 22.70 per share |
Veer Energy & Infrastructure Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 756.22 | 521.83 | 642.67 |
| Expenses | 814.19 | 631.23 | 700.56 |
| Operating Margin (%) | 19.11 | 33.67 | 8.84 |
| Net Income | 31.63 | 79.69 | 5.34 |
| ROCE (%) | 1.13 | 1.20 | 2.00 |
All Standalone data
Veer Energy & Infrastructure Rights Issue Objectives
The net proceeds from the offer are proposed to be used for
Veer Energy & Infrastructure Rights Issue Documents
Veer Energy Rights Issue Dates
| Rights Issue Approval Date | 28 February 2024 |
| Rights Issue Record Date | Coming soon |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | Coming soon |
| Last Date for Market Renunciation | Coming soon |
| Rights Issue Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Veer Energy Rights Offer Lead Manager
Coming soon
Veer Energy Rights Offer Registrar
Coming soon
VEER ENERGY & INFRASTRUCTURE LTD.
629-A Gazdar House, 1st Floor, Near Kalbadevi Post Office,
J.S.S. Marg, Mumbai – 400 002, Maharashtra
Phone:Â (022) 22072641/42/43
Email: [email protected]
Website: www.veerenergy.net
Veer Energy & Infrastructure Rights Issue FAQs
What is the Veer Energy Rights Issue Price?
The issue price is INR 22.50 per share.
What is the Veer Energy Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 3 Equity Shares held on the record date.
What is the Veer Energy Rights Issue Record Date?
The Record date is Coming soon.
How to Apply in Veer Energy Rights Offer?
The best way to apply in the Veer Energy 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.
