Visagar Financial Services, founded in 1994, is a Non-Banking Company that conducts Investment and Financial activities. The corporation invests in securities that belong to publicly traded and unlisted companies. Its investment portfolio is comprehensive across industries, including financial services, education, and real estate.
This company three services offered :
a) Financial Advisory: Debt Funding & Debt Swapping, New Project or Expansion Funding, Working Capital Funding, Restructuring of NPAs, Loans Against Property/ Shares, Bill Discounting, Equity Funding.
b) Corporate Advisory: Mergers & Acquisitions, Private Equity Funding, Joint Ventures & Business Collaboration Advisory, Funding Foreign Currency Loans, IPO & GDR Advisory, Venture Capital Funding.
c) Other Advisory: Investment Proposals, Promoter Portfolio Management Services, Real Estate Advisory, Other Tailor-made advisory services.
On 21 January 2022, the firm diminished the face value of equity shares from INR 2 to INR 1 and issued bonus equity shares in the ratio of 1:2 of equity shares held by shareholders.
Objects of the Issue:
The Company intends to utilize the proceeds of the Issue towards the following objects:
- To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities; and
- General corporate purposes
Visagar Financial Services Rights Issue 2022 Detail
| Issue Open | Jan 12, 2023 – Feb 10, 2023 |
| Security Name | Visagar Financial Services Limited |
| Issue Size (Shares) | 497,387,700 |
| Issue Size (Amount) | ₹49.74 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price of Re. 1.00 per Rights Equity Share shall be payable on application. |
| Entitlement | 51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date |
Visagar Financial Services Rights Issue 2022 Issue Timetable
| Record Date | Dec 30, 2022 |
| Credit of Rights Entitlements | Jan 11, 2023 |
| Bid/Offer Opens On | Jan 12, 2023 |
| Renunciation of Rights Entitlements | Jan 25, 2023 |
| Bid/Offer Closes On | Feb 10, 2023 |
| Deemed Date of Allotment | Feb 15, 2023 |
| Credit Date | Feb 16, 2023 |
| Listing Date | Mar 1, 2023 |
Visagar Financial Services Limited Financial Information (Consolidated)
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-21 | 66.58 | -0.35 | 11.71 | 2.3 |
| 31-Mar-22 | 16.82 | 0.24 | 11.95 | 1.62 |
| 30-Sep-22 | 23.31 | -3.06 | 8.88 | 14.6 |
Company Contact Information
Visagar Financial Services Limited
907-908, Dev Plaza, 9th Floor,
S.V. Road, Andheri (West),
Mumbai – 400 058
Phone: +91 22 67424815
Email: [email protected]
Website: http://www.vfsl.org
Visagar Financial Services Rights Issue 2022 Registrar
Adroit Corporate Services Pvt Ltd
Phone: +91 22 2859 6060/2859 4060
Email: [email protected]
Website: http://www.adroitcorporate.com
Visagar Financial Rights Offer FAQs
Q1. What is price of Visagar Financial Rights Issue?
Ans. The issue price is INR 1 per share.
Q2. What is entitlement ratio of Visagar Financial Rights Issue?
Ans. The eligible shareholders are offered 51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date.
Q3. What is the Record Date of Visagar Financial Rights Issue?
Ans. The Record date is 30 December 2022.
Q4. How to Apply in Visagar Financial Rights Offer?
Ans. The best way to apply in Visagar Financial 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.
Steps to apply for Visagar Financial Services Rights Issue 2022 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Visagar Financial Services Rights Issue 2022 available on the list.
- Click the Apply button next to the Visagar Financial Services Rights Issue 2022.
- Fill and check your information.
- Submit the application.
Steps to apply for Visagar Financial Services Rights Issue 2022 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Visagar Financial Services Rights Issue 2022 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
