Viji Finance Rights Issue is scheduled on 28 May – 10 June 2024
Viji Finance provides financial services as a Non-Systematically Important Non-Deposit Non-Banking Finance Company registered with the RBI. It offers working capital loans to corporations, primarily unsecured. The company extends loans only to borrowers known to the promoter.
The company primarily operates in the areas of infrastructure, housing, infrastructure development, construction, and vehicle financing in India. As of 31 December 2023, the company had four employees working across business operations, administration, secretarial, and legal departments.
The company is also expanding into new business areas, including housing finance, gold loans, education loans, and medical equipment.
Promoters of Viji Finance –
Viji Finance Rights Issue Details
| Viji Finance Rights Issue Date | 28 May – 10 June 2024 |
| Viji Finance Rights Issue Price | INR 1.50 per share |
| Issue Size (in Shares) | 6,00,00,000 shares |
| Issue Size (in INR) | INR 9.0 crore |
| Issue Entitlement | 8 equity shares for every 11 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Rights Issue Record Date | 15 May 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE, NSE |
Viji Finance Rights Issue Calculation
| Viji Finance Rights Issue Price | INR 1.50 per share |
| Market Price on Rights Issue Approval | INR 3.51 per share |
| Dilution Factor (X) | 1.73 |
| Fair Value After Dilution at Prevailing Price | INR 2.66 per share |
Viji Finance Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 0.94 | 1.22 | 2.09 |
| Expenses | 0.26 | 0.64 | 0.94 |
| Operating Margin (%) | 72.34 | 47.54 | 55.02 |
| Net Income | 0.45 | 0.44 | 0.44 |
| ROCE (%) | 4.26 | 3.55 | 4.27 |
Viji Finance Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
Viji Finance Rights Offer Documents
Viji Finance Rights Issue Dates
| Rights Issue Approval Date | 9 May 2024 |
| Rights Issue Record Date | 15 May 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 28 May 2024 |
| Last Date for Market Renunciation | 4 June 2024 |
| Rights Issue Closing Date | 10 June 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Viji Finance Rights Offer Lead Manager
Coming soon
Viji Finance Rights Offer Registrar
Coming soon
VIJI FINANCE LIMITED
11/2, Usha Ganj,
Jaora Compound, Indore (M.P.)-452001
Phone:Â 0731-4246092
Email: [email protected]
Website: www.vijifinance.com
Viji Finance Rights Offer FAQs
What is the Viji Finance Rights Issue Price?
The issue price is INR 1.50 per share.
What is the Viji Finance Rights Issue entitlement ratio?
The eligible shareholders are offered 8 Equity Shares for every 11 Equity Shares held on the record date.
What is the Viji Finance Rights Issue Record Date?
The Record date is 15 May 2024.
How to Apply for Viji Finance Rights Offer?
The best way to apply for the Viji Finance 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.
