HomeRights IssueVeer Global Infraconstructions Rights Issue Details

Veer Global Infraconstructions Rights Issue Details

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Veer Global Infraconstructions Rights Issue Details

About Veer Global Infraconstructions

Veer Global is a real estate developer, primarily focusing on development of residential projects in Vasai- Virar and Palghar district. Veer Global Infraconstruction has over 10 years of experience in, developing residential projects in the low-income affordable housing segment.

Important Details – Veer Global Infraconstructions

January 11, 2012 – The company was incorporated as “Veer Global Infraconstruction Limited” at Maharashtra, Mumbai as a Public company

Objects of the Issue

To part finance Incremental Working Capital;
To meet General corporate purposes;
To meet the expenses of the Issue.

Veer Global Infraconstructions Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-21 31-Mar-20
Total Assets 3,538.68 3,262.76
Total income 1,300.47 851.21
Total Expenses 1,270.06 824.02
Profit After Tax 19.40 19.16

Veer Global Infraconstructions Rights Issue Detail

DescriptionVGIL Rights Issue Details
Right IssueIssue of up to 8,12,000 fully paid up equity shares of face value of Rs. 10/- each (the “rights equity shares”) for cash at a price of Rs. 60/- per rights equity share (including a premium of Rs. 50/- per rights equity share) aggregating upto Rs. 487.20 Lakh
Issue Open  Date31-Jan-22
Issue Close Date14-Feb-22
Issue Size – No.of Shares8,12,000
Issue Size – Amount₹ 487.20 Lakh
Issue Price₹ 60
Face Value ₹ 10
Market Lot 125
LTP on 03 Feb 2022₹ 142.60
Listing BSE
EntitlementRatio of 1 Rights equity shares for every 8 fully paid-up equity shares held by the eligible equity shareholders on the record date, that is on January 21, 2022 
BSE SymbolVGIL

Veer Global Rights Issue Lead Managers

  • Navigant Corporate Advisors Ltd

Veer Global Rights Issue Registrar

  • Purva Sharegistry (India) Private Limited

VGIL Rights Issue Important Dates

DetailsDate
Bid / Offer Opens onJan 31, 2022
Bid / Offer Closes onFeb 14, 2022
Record DateJan 21, 2022
Finalisation of Basis of AllotmentFeb 21, 2022
Date of AllotmentsFeb 22, 2022
Date of CreditFeb 28, 2022
Date of listingMar 1, 2022

Company Registered Office

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Shop No 47 Shalibhadra Regency
Shalibhadra Nagar,
100 ft. Road Behind Union Bank,
Nalasopara (E),
Thane-401 209,
Maharashtra India
Website: www.veergloballtd.com

Company Promoters

  • Mr. Vijaybhai Vagjibhai Bhanshali
  • Mrs. Anita Bhanshali
  • Mr. Vinod Mohanlal Jain
  • Mr. Mukesh Chunnilal Jain
  • Mr. Abhishek Mukesh Jain
  • Mr. Priyank Chandrakant Parikh

Veer Global Infraconstructions IPO – FAQS

What is a Rights Issue?

Check the complete details about the Rights issue here – Click here

When Veer Global Rights Issue will open?

The Veer Global Rights Issue opens on Jan 31, 2022 and closes on Feb 14, 2022

When Veer Global Infraconstruction Rights Issue will open?

The rights issue opens on Jan 31, 2022 and closes on Feb 14, 2022

What is the issue price of Veer Global Infraconstruction rights issue?

The Veer Global Infraconstruction rights issue price is Rs.60

What is the record date for Veer Global Infraconstruction rights issue?

The Record date for Veer Global Infraconstruction rights issue is Jan 21, 2022

Who is the Registrar for Veer Global Infraconstruction rights issue?

The Registrar for Veer Global Infraconstruction rights issue is Purva Sharegistry (India) Private Limited

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