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Tilak Ventures Ltd Rights Issue (Tilak Ventures Rights Issue 2024) Detail

October 3, 2024 - October 11, 2024
Tilak Ventures Ltd Logo

Incorporated in 1980, Tilak Ventures Limited trades shares, commodities, loans, advances, and other investment products. 

The company operates in two segments.

  1. Finance and
  2. Commodities (Trading) Activities

Currently the Company is majorly into financing, investment and trading into shares, commodities, and bullion. It operates in two business segments; Finance and Commodities Activities.

Tilak Ventures Rights Issue 2024 Detail

Issue Open October 3, 2024 - October 11, 2024
Security Name Tilak Ventures Ltd
Issue Size (Shares) 222,848,403
Issue Size (Amount) ₹49.03 Crores
Issue Price ₹2.2 per share
Face Value ₹1 per share
Listing At BSE
Terms of Payment

The entire amount of the Issue Price of Rs 2.20/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Tilak Ventures Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 12, 2024
Record Date September 13, 2024
Credit of Rights Entitlements September 19, 2024
Bid/Offer Opens On October 3, 2024
Renunciation of Rights Entitlements October 4, 2024
Bid/Offer Closes On October 11, 2024
Deemed Date of Allotment October 16, 2024
Credit Date October 17, 2024
Listing Date October 22, 2024

Company Financials

Tilak Ventures Ltd Financial Information (Restated Consolidated)

Tilak Ventures Ltd's revenue increased by 78% and profit after tax (PAT) rose by 126% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets80.4976.7351.33
Revenue16.919.514.45
Profit After Tax5.152.27-0.39
Net Worth75.6773.3748.95
Reserves and Surplus55.6151.0931.28
Total Borrowing2.382.382.38
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds to:

  • Towards working capital requirements furtherance including Loans & advances and Investments.
  • Issue Related Expenses
  • General Corporate Purposes.

Tilak Ventures Rights Issue 2024 Documents

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Company Contact Information

Tilak Ventures Ltd
E-109, Crystal Plaza, New Link Road
Opposite Infinity Mall,
Andheri (West), Mumbai � 400 053

Phone: 919152096141
Email: tilakfin@gmail.com
Website: https://tilakfinance.wordpress.com/

Tilak Ventures Rights Issue 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: rnt.helpdesk@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

Tilak Ventures Rights Issue 2024 Lead Manager(s)

Find Tilak Ventures Rights Issue 2024 Latest Update

Tilak Ventures Rights Issue 2024 FAQs

The Tilak Ventures Rights Issue 2024 opens on October 3, 2024, and closes on October 11, 2024.

Tilak Ventures Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 19, 2024
Last Date for renunciation of Rights EntitlementsOctober 4, 2024
Issue Opening DateOctober 3, 2024
Issue Closing DateOctober 11, 2024
Date of Allotment (on or about)October 16, 2024
Date of Credit (on or about)October 17, 2024
Date of Listing (on or about)October 22, 2024

Tilak Ventures Rights Issue 2024 price is set at ₹2.2 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (September 13, 2024).

The record date for the Tilak Ventures Rights Issue 2024 is September 13, 2024.

The issue size of Tilak Ventures Rights Issue 2024 is of 222,848,403 equity shares at ₹2.2 per share aggregating upto ₹49.03 Crores.

The Letter of Offer for Tilak Ventures Rights Issue 2024 can be download here.

You can apply for Tilak Ventures Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Tilak Ventures Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Tilak Ventures Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Tilak Ventures Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Tilak Ventures Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Tilak Ventures Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

1 Comments

1. Murthy   I Like It. |Report Abuse|  Link|September 16, 2024 8:26:44 PMReply
DLOO
https://www.bseindia.com/corporates/download/3220/Rights/DLOF%20Tilak%20Ventures%20Limited_20240502170506.pdf

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