Vaxfab Enterprises Limited, founded in 1983, engages in various kinds of business operations. Manufacturing, export and import, trading, purchasing, selling, dealing, and distribution of residential electrical and audio-visual goods are among them.
The operations primarily deal with air conditioners, refrigerators, radios, televisions, electrical fans, and electrical fittings. They do not stop there; they also produce music systems such as music players, computer-operated music systems, mixers, grinders, ovens, electrical cooking ranges, flour machinery, fabric, dishwashing machines, and any other electronic appliances. In the channel of distribution, Vaxfab Enterprises deals as a wholesaler as well as a retailer, and primarily sell its produce in India.
Vaxfab Enterprises Limited’s securities are offered for trading on the Bombay Stock Exchange (BSE). The company’s total assets stood at Rs. 315.35 lakhs as of March 31, 2022, compared to Rs. 321.22 lakhs the previous year.
Objects of the Issue:
The Company intends to utilize the proceeds of the Issue towards the following objects:
- To meet Working Capital requirement of the Company;
- General corporate purposes.
Vaxfab Enterprises Rights Issue 2023 Detail
| Issue Open | Jan 18, 2023 – Feb 10, 2023 |
| Security Name | Vaxfab Enterprises Limited |
| Issue Size (Shares) | 7,200,000 |
| Issue Size (Amount) | ₹12.96 Crores |
| Issue Price | ₹18 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The aggregate amount of Rs. 18 is to be payable at the time of Application. |
| Entitlement | 6 RIGHTS EQUITY SHARES FOR EVERY 1 FULLY PAID-UP EQUITY SHARES |
Vaxfab Enterprises Rights Issue 2023 Issue Timetable
| Record Date | Jan 3, 2023 |
| Credit of Rights Entitlements | Jan 13, 2023 |
| Bid/Offer Opens On | Jan 18, 2023 |
| Renunciation of Rights Entitlements | Feb 6, 2023 |
| Bid/Offer Closes On | Feb 10, 2023 |
| Deemed Date of Allotment | Feb 9, 2023 |
| Credit Date | Feb 13, 2023 |
| Listing Date | Feb 16, 2023 |
Vaxfab Enterprises Limited Financial Information (Consolidated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 3.21 | 1.2 | -0.01 | 3.12 | 0.07 |
| 31-Mar-22 | 3.15 | 0.37 | 0 | 3.12 | 0.02 |
Company Contact Information
Vaxfab Enterprises Limited
Survey No. 229, Paiki, Plot No. 3,
Nr Gandhi Estate, B/h Ashopalav Hotel, Narol,
Ahmedabad, Gujarat 382405
Phone: 9727170232
Email: [email protected]
Website: http://vaxfabenterprisesltd.in
Vaxfab Enterprises Rights Issue 2023 Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com
Vaxfab Enterprises Rights Issue 2023 FAQs
Q1. When is Vaxfab Enterprises Rights Issue 2023 coming?
Ans. The Vaxfab Enterprises Rights Issue 2023 opens on Jan 18, 2023, and closes on Feb 10, 2023
Q2. What is the schedule for Vaxfab Enterprises Rights Issue 2023?
Ans. Vaxfab Enterprises Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Jan 13, 2023 Last Date for renunciation of Rights Entitlements Feb 6, 2023 Issue Opening Date Jan 18, 2023 Issue Closing Date Feb 10, 2023 Date of Allotment (on or about) Feb 9, 2023 Date of Credit (on or about) Feb 13, 2023 Date of Listing (on or about) Feb 16, 2023
Q3. What is the issue price for Vaxfab Enterprises Rights Issue 2023?
Ans. Vaxfab Enterprises Rights Issue 2023 price is set at ₹18 per share per equity share.
Q4. In what ratio is the Vaxfab Enterprises Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 6 RIGHTS EQUITY SHARES FOR EVERY 1 FULLY PAID-UP EQUITY SHARES (Jan 3, 2023).
Q5. What is the record date for Vaxfab Enterprises Rights Issue 2023?
Ans. The record date for the Vaxfab Enterprises Rights Issue 2023 is Jan 3, 2023.
Q6. What is the issue size of Vaxfab Enterprises Rights Issue 2023?
Ans. The issue size of Vaxfab Enterprises Rights Issue 2023 is of 7,200,000 equity shares at ₹18 per share aggregating upto ₹12.96 Crores.
Q7. How to apply for Vaxfab Enterprises Rights Issue 2023?
Ans. You can apply for Vaxfab Enterprises Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Vaxfab Enterprises Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Vaxfab Enterprises Rights Issue 2023 available on the list.
- Click the Apply button next to the Vaxfab Enterprises Rights Issue 2023.
- Fill and check your information.
- Submit the application.
Steps to apply for Vaxfab Enterprises Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Vaxfab Enterprises Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
