The Viji Finance Ltd date has been confirmed from May 28, 2024 – June 10, 2024.
The Viji Finance Ltd. IPO has a fixed issue size of ₹9.00 Crores. The company is mainly active in the areas of infrastructure, housing, infrastructure development, construction and vehicle financing in India.
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Key Details Of Viji Finance Ltd
Bidding Dates
May 28 – June 10
Issue Size
₹9.00 Crores
Face Value
₹1 per share
Record Date
May 15, 2024
Viji Finance Ltd Record Date
The Viji Finance Ltd Record Date is May 15, 2024.
IPO Overview
Viji Finance Limited, previously called Panjon Finance Limited, was founded in 1994. It offers financial services to businesses and individuals, including corporate finance, personal loans, and gold loans. The company focuses on infrastructure, housing, construction, and vehicle financing in India. As of December 31, 2023, Viji Finance Limited had a total of 4 employees working in various departments such as business operations, administration, secretarial, and legal.
Viji Finance Ltd Rights Issue Detail
| Issue Open | May 28, 2024 – June 10, 2024 |
| Security Name | Viji Finance Ltd |
| Issue Size (Shares) | 60,000,000 |
| Issue Size (Amount) | ₹9.00 Crores |
| Issue Price | ₹1.5 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | |
| Entitlement | 8 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date |
Viji Finance Ltd Rights Issue 2024 Issue Timetable
| Last Date to buy shares | May 14, 2024 |
| Record Date | May 15, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | May 28, 2024 |
| Renunciation of Rights Entitlements | June 4, 2024 |
| Bid/Offer Closes On | June 10, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Viji Finance Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 22.55 | 17.46 | 15.74 |
| Revenue | 2.09 | 1.27 | 0.94 |
| Profit After Tax | 0.43 | 0.44 | 0.45 |
| Net Worth | 12.04 | 11.60 | 11.16 |
| Total Borrowing | 9.20 | 4.68 | 3.55 |
| Amount in ₹ Crore | |||
Company Profile
Viji Finance Limited is a certified Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India, Department of Non-Banking Supervision, Bhopal Office. It holds the ISO (9001:2015) certification and has a registration number of B-03.00080. The company primarily operates in the finance business. Despite the intense competition in the finance sector, the company’s long history and strong background make it a preferred choice among customers. Viji Finance has assisted numerous people and businesses in realizing their aspirations. By
offering tailored financial solutions, they have enabled individuals to access affordable finance, leading to an enhanced quality of life. Similarly, businesses have benefited from improved operations through Viji Finance’s services.
Registrar Info
| Name | Cameo Corporate Services Limited |
| Phone number | +91-44-28460390 |
| Email ID | [email protected] |
| Website | ipo.cameoindia.com |
Contact Details
| Name | Viji Finance Ltd |
| Phone number | +0731-4246092 |
| Email ID | [email protected] |
| Website | vijifinance.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Viji Finance Ltd IPO FAQs
What is the issue price for Viji Finance Rights Issue 2024?
Viji Finance Rights Issue 2024 price is set at ₹1.5 per share per equity share.
In what ratio is the Viji Finance Rights Issue 2024 offered?
The eligible shareholders are being offered 8 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date (May 15, 2024).
What is the record date for Viji Finance Rights Issue 2024?
The record date for the Viji Finance Rights Issue 2024 is May 15, 2024.
What is the issue size of Viji Finance Rights Issue 2024?
The issue size of Viji Finance Rights Issue 2024 is of 60,000,000 equity shares at ₹1.5 per share aggregating upto ₹9.00 Crores.
