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Viji Finance Ltd Rights Issue (Viji Finance Rights Issue 2024) Detail

May 28, 2024 - June 26, 2024
Viji Finance Ltd Logo

Established in 1994, Viji Finance Limited, formerly known as Panjon Finance Limited, provides financial services to corporates and individuals in the areas of corporate finance, personal loans, gold loans and personal loans.

The company is mainly active in the areas of infrastructure, housing, infrastructure development, construction and vehicle financing in India.

As at December 31, 2023, the company had 4 employees in the business operations, administration, secretarial and legal departments.

Viji Finance Rights Issue 2024 Detail

Issue Open May 28, 2024 - June 26, 2024
Security Name Viji Finance Ltd
Issue Size (Shares) 60,000,000
Issue Size (Amount) ₹9.00 Crores
Issue Price ₹1.5 per share
Face Value ₹1 per share
Listing At BSE, NSE
Terms of Payment

All money payable at the time of Application.

Entitlement 8 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date

Viji Finance Rights Issue 2024 Issue Timetable

Last Date to buy sharesMay 14, 2024
Record Date May 15, 2024
Credit of Rights Entitlements May 24, 2024
Bid/Offer Opens On May 28, 2024
Renunciation of Rights Entitlements June 4, 2024
Bid/Offer Closes On June 26, 2024
Deemed Date of Allotment June 14, 2024
Credit Date June 19, 2024
Listing Date June 24, 2024

Company Financials

Viji Finance Ltd Financial Information (Restated Consolidated)

Viji Finance Ltd's revenue increased by 64.41% and profit after tax (PAT) dropped by -1.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets22.5517.4615.74
Revenue2.091.270.94
Profit After Tax0.150.430.440.45
Net Worth12.1812.0411.6011.16
Reserves and Surplus3.793.352.91
Total Borrowing11.469.204.683.55
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds towards funding the following Objects:

  1. To augment our capital base and provide for the fund requirements for increasing our operational scale concerning the NBFC activities; and
  2. General Corporate Purposes.

Viji Finance Rights Issue 2024 Subscription Status

Viji Finance Rights Issue 2024 got oversubscribed by 1.09 times by the end of the bidding period with total bid quantity received by BSE and NSE of 65,585,067 shares.

Viji Finance Rights Issue 2024 Documents

Viji Finance Rights Issue 2024 Rating

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Viji Finance Rights Issue 2024 Reviews

Company Contact Information

Viji Finance Ltd
11/2, Usha Ganj,
Jaora Compound,
Indore - 452001

Phone: +0731-4246092
Email: info@vijifinance.com
Website: http://www.vijifinance.com/

Viji Finance Rights Issue 2024 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: rights@cameoindia.com
    Website: https://ipo.cameoindia.com/

Viji Finance Rights Issue 2024 Lead Manager(s)

Viji Finance Rights Issue 2024 FAQs

The Viji Finance Rights Issue 2024 opens on May 28, 2024, and closes on June 26, 2024.

Viji Finance Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsMay 24, 2024
Last Date for renunciation of Rights EntitlementsJune 4, 2024
Issue Opening DateMay 28, 2024
Issue Closing DateJune 26, 2024
Date of Allotment (on or about)June 14, 2024
Date of Credit (on or about)June 19, 2024
Date of Listing (on or about)June 24, 2024

Viji Finance Rights Issue 2024 price is set at ₹1.5 per share per equity share.

The eligible shareholders are being offered 8 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date (May 15, 2024).

The record date for the Viji Finance Rights Issue 2024 is May 15, 2024.

The issue size of Viji Finance Rights Issue 2024 is of 60,000,000 equity shares at ₹1.5 per share aggregating upto ₹9.00 Crores.

The Letter of Offer for Viji Finance Rights Issue 2024 can be download here.

You can apply for Viji Finance Rights Issue 2024 in two ways:

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

Steps to apply for Viji Finance 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 Viji Finance Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Viji Finance 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 Viji Finance Rights Issue 2024 using Registrar's website (R-WAP)

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

2 Comments

2. Divya     Link|June 19, 2024 11:34:15 PM
I have RE in HDFC Securities, How can I apply for these (ASBA, Online) so that these are not lapsed.
2.1. amit     Link|June 20, 2024 12:56:22 PM
Yes sure you can apply till 26 june
1. amit     Link|June 7, 2024 4:04:38 PM
@admin kindly look ad bid closing date it showing 21 june, while it is 10 june as per my knowledge
1.1. Tripti @ Team Chittorgarh.com     Link|June 7, 2024 4:15:13 PM
Greetings,

As per the recent BSE circular dated June 6, 2024, the Rights Issue's closing date has been extended to 21st June 2024. Please refer to the circular link given below
https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20240606-30&attachedId=a7378128-4ec4-483f-9c9a-6549af6fe9e7

Regards,
Tripti@ Team Chittorgarh.com
1.2. amit     Link|June 9, 2024 12:37:25 AM
Thanks for your reply, noted

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