At their meeting on Thursday, April 06, 2023, the Board of Directors of Prerna Infrabuild Limited determined Friday, April 21, 2023, as the Record Date for the identification of the equity shareholders who are entitled to receive the Company’s Rights Entitlements Rights Issue.
Total number of equity shares and total size of the rights issue: 2,40,85,020 fully paid-up equity shares for a total of Rs. 48,17,00,400. Rights Issue Price: Rs. 20/- per fully paid-up Equity Share (with a Rs. 10/- premium per Equity Share). The rights entitlement ratio is as follows: 02 (two) Rights Equity Shares for every 01 (one) fully paid-up Equity Share held by approved shareholders on the Record Date. For the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue (“Eligible Equity Shareholders”), the record date is April 21, 2023 (Friday).
Prerna Infrabuild Limited, founded in 1983, is a residential construction growth and development company. The Company is involved in commercial and residential real estate developments. Mr. Vijay C Shah, Mr. Sanket V Shah, and Mrs. Nalini V Shah are among the company’s chief executives.
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the working capital requirement of the company; and
- General corporate purposes.
Prerna Infrabuild Rights Issue 2023 Detail
| Issue Open | May 2, 2023 – May 18, 2023 |
| Security Name | Prerna Infrabuild Limited |
| Issue Size (Shares) | 24,085,020 |
| Issue Size (Amount) | ₹48.17 Crores |
| Issue Price | ₹20 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of Rs. 20 of the rights issue price is payable on application. |
| Entitlement | 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Prerna Infrabuild Rights Issue 2023 Issue Timetable
| Last Date to buy shares | Apr 20, 2023 |
| Record Date | Apr 21, 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | May 2, 2023 |
| Renunciation of Rights Entitlements | May 15, 2023 |
| Bid/Offer Closes On | May 18, 2023 |
| Deemed Date of Allotment | May 23, 2023 |
| Credit Date | May 25, 2023 |
| Listing Date | Apr 29, 2023 |
Prerna Infrabuild Limited Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 40.39 | 10.41 | 0.01 | 32.64 | 10.27 | 4.67 |
| 31-Mar-21 | 39.26 | 4.60 | -0.14 | 32.50 | 10.13 | 3.25 |
| 31-Mar-22 | 43.42 | 23.86 | 5.87 | 38.37 | 16.00 | 0.85 |
| 31-Dec-22 | 77.72 | 13.54 | 7.05 | 45.42 | 23.05 | 20.59 |
Company Contact Information
Prerna Infrabuild Limited
“ PRERNA “, Survey No.820/1,
Makarba In Lane of Panchwati Auto,
Opp. Ananddham Derasar,S.G.Road, Ahmedabad – 38005
Phone: 079 – 26925653
Email: [email protected]
Website: http://www.prernagroup.com
Prerna Infrabuild Rights Issue 2023 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com
Prerna Infrabuild Rights Issue 2023 FAQs
Q1. When is Prerna Infrabuild Rights Issue 2023 coming?
Ans. The Prerna Infrabuild Rights Issue 2023 opens on May 2, 2023, and closes on May 18, 2023.
Q2. What is the schedule for Prerna Infrabuild Rights Issue 2023?
Ans. Prerna Infrabuild Rights Issue 2023 Schedule : Last Date for renunciation of Rights Entitlements May 15, 2023 Issue Opening Date May 2, 2023 Issue Closing Date May 18, 2023 Date of Allotment (on or about) May 23, 2023 Date of Credit (on or about) May 25, 2023 Date of Listing (on or about) Apr 29, 2023
Q3. What is the issue price for Prerna Infrabuild Rights Issue 2023?
Ans. Prerna Infrabuild Rights Issue 2023 price is set at ₹20 per share per equity share.
Q4. In what ratio is the Prerna Infrabuild Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 2 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (Apr 21, 2023).
Q5. What is the record date for Prerna Infrabuild Rights Issue 2023?
Ans. The record date for the Prerna Infrabuild Rights Issue 2023 is Apr 21, 2023.
Q6. What is the issue size of Prerna Infrabuild Rights Issue 2023?
Ans. The issue size of Prerna Infrabuild Rights Issue 2023 is of 24,085,020 equity shares at ₹20 per share aggregating upto ₹48.17 Crores.
Q7. Where can I get the Letter of Offer for Prerna Infrabuild Rights Issue 2023?
Ans. The Letter of Offer for Prerna Infrabuild Rights Issue 2023
