VSF Projects Rights Issue is scheduled on 5 – 20 June 2024
Founded in 1992, VSF Projects specializes in integrated construction and infrastructure development. The company has completed numerous civil works for the Roads & Buildings and PWD Departments in Karnataka State. VSF Projects has undertaken various projects, including National Highways, State Highways, flyovers, and bridges. Additionally, the company excels in executing infrastructure projects on a turnkey basis.
As of January 2024, the company has 12 employees across its departments. VSF Projects has two principal business segments:
- Construction, managed directly by the company
- Aqua Culture
Promoters of VSF Projects – Narayana Murthy Bobba
VSF Projects Rights Issue Details
| VSF Projects Rights Issue Date | 5 – 20 June 2024 |
| VSF Projects Rights Issue Price | INR 50 per share |
| Issue Size (in Shares) | 98,65,121 shares |
| Issue Size (in INR) | INR 49.33 crore |
| Issue Entitlement | 3 equity shares for every 2 equity shares held on record date |
| Terms of Payment | INR 25 on Application. INR 25 in One or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time. |
| Rights Issue Record Date | 24 May 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
VSF Projects Rights Issue Calculation
| VSF Projects Rights Issue Price | INR 50 per share |
| Market Price on Rights Issue Approval | INR 77.38 per share |
| Dilution Factor (X) | 2.50 |
| Fair Value After Dilution at Prevailing Price | INR 60.95 per share |
VSF Projects Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 173.82 | 164.76 | 163.23 |
| Expenses | 163.47 | 165.85 | 156.83 |
| Operating Margin (%) | 17.09 | 6.61 | 7.72 |
| Net Income | 15.34 | (8.05) | 1.44 |
| ROCE (%) | 1.0 | (0.10) | 0.30 |
VSF Projects Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Funding capital expenditure expenses for the Construction of Multi Product Free Trade Warehousing Zone (SEZ) with inland Container Depot
- Adjustment of Unsecured Loans against the Rights Entitlement of the Promoters
- General Corporate Purpose
- To meet Issue Expenses
VSF Projects Rights Offer Documents
VSF Projects Rights Issue Dates
| Rights Issue Approval Date | 16 May 2024 |
| Rights Issue Record Date | 24 May 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 5 June 2024 |
| Last Date for Market Renunciation | 13 June 2024 |
| Rights Issue Closing Date | 20 June 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
VSF Projects Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Lower
Parel (East) Mumbai-400011, Maharashtra India
Phone:Â +91-22-2301-2518 / 6761
Email: [email protected]
Website: www.purvashare.com
VSF PROJECTS LIMITED
Plot No.8-2-269/19/S/D Lavakusa residency Rd.No.2,
Banjara Hills Hyderabad – 500 034, Telangana
Phone: +040 – 23548694
Email: [email protected]
Website: www.vsfproject.com
VSF Projects Rights Offer FAQs
What is the VSF Projects Rights Issue Price?
The issue price is INR 50 per share.
What is the VSF Projects Rights Issue entitlement ratio?
The eligible shareholders are offered 3 Equity Shares for every 2 Equity Shares held on the record date.
What is the VSF Projects Rights Issue Record Date?
The Record date is 24 May 2024.
How to Apply for VSF Projects Rights Offer?
The best way to apply for the VSF Projects 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.
