The Markobenz Ventures Limited date has been confirmed from April 15, 2024 – April 22, 2024. Read the post to learn about Markobenz Ventures Right Issue.
The Markobenz Ventures Limited IPO has a fixed issue amount of ₹15.00 crore. Markobenz Ventures Limited, formerly known as Evergreen Textiles Limited, was founded in October 1985 and began producing cloth and other fabrics from a variety of materials such as acrylic, polyester, cotton, silk, fake silk, wool, and other suitable materials. It was also responsible for the bleaching, dyeing, printing, and knitting of high-pile fur materials.
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Key Details Of Markobenz Ventures Limited:
Bidding Dates
April 15-22
Issue Size
₹15.00 Crores
Face Value
₹10 per share
Record Date
March 27, 2024
Markobenz Ventures Limited Record Date
The Markobenz Ventures Limited Record Date is March 27, 2024.
Markobenz Ventures Overview
Markobenz Ventures Limited, formerly known as Evergreen Textiles Limited, was established in October 1985 and initially produced cloth and other fabrics from a variety of materials, including acrylic, polyester, cotton, silk, artificial silk, wool, and other suitable materials. It was also involved in the bleaching, dying, printing, and knitting of high-pile fur fabrics. The company, led by our Promoter, Nirupama Khandke, has started trading agricultural commodities again. Currently, Mumbai-based Markobenz Ventures Limited engages in B2B trading of organic agricultural commodities.
The business is offline and focuses on large-scale trading with well-known local retailers. Their main products are loose organic fennel seed, cotton, turmeric, and cumin (jeera) in organic packaging.
Markobenz Ventures Limited Rights Issue Detail
| Issue Open | April 15, 2024 – April 22, 2024 |
| Security Name | Markobenz Ventures Limited |
| Issue Size (Shares) | 15,000,000 |
| Issue Size (Amount) | ₹15.00 Crores |
| Issue Price | ₹10 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | |
| Entitlement | 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Markobenz Ventures Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 0.02 | 0.02 | 0.02 |
| Profit After Tax | -0.17 | -0.11 | -0.14 |
| Amount in ₹ Crore | |||
Markobenz Ventures Limited Timeline
| Last Date to buy shares | March 26, 2024 |
| Record Date | March 27, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | April 15, 2024 |
| Renunciation of Rights Entitlements | April 18, 2024 |
| Bid/Offer Closes On | April 22, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The Objects of the Issue are: –
- Working Capital requirements;
- Adjustment of business advances and inter-corporate deposits against the entitlement of members
- General Corporate Purposes and
- Issue Expenses
Registrar Info
| Name | Purva Sharegistry India Pvt Ltd |
| Phone number | +91-022-23018261/ 23016761 |
| Email ID | [email protected] |
| Website | purvashare.com |
Contact Details
| Name | Markobenz Ventures Limited |
| Phone number | + 91 88828 64121 |
| Email ID | [email protected] |
| Website | evergreentextiles.in |
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.
Markobenz Ventures Limited FAQs
What is the issue price for Markobenz Ventures Limited Rights Issue 2024?
Markobenz Ventures Limited Rights Issue 2024 price is set at ₹10 per share per equity share.
In what ratio is the Markobenz Ventures Limited Rights Issue 2024 offered?
The eligible shareholders are being offered 3 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (March 27, 2024).
What is the record date for Markobenz Ventures Limited Rights Issue 2024?
The record date for the Markobenz Ventures Limited Rights Issue 2024 is March 27, 2024.
What is the issue size of Markobenz Ventures Limited Rights Issue 2024?
The issue size of Markobenz Ventures Limited Rights Issue 2024 is of 15,000,000 equity shares at ₹10 per share aggregating upto ₹15.00 Crores.
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