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VSF Projects Limited Rights Issue (VSF Projects Rights Issue 2024) Detail

June 5, 2024 - June 20, 2024
VSF Projects Limited Logo

Established in June 1992, VSF Projects Limited is a company focused on integrated construction and infrastructure development and execution.

The company has two main divisions:

  • The construction business, in which the company is engaged in.
  • Aquaculture

Since 2005, the company has executed various construction projects for the Karnataka State Highways and Public Works Department and the Department of Public Order. VSF Projects has successfully executed projects like National Highways, State Highways, Flyovers, and Bridges. We specialize in the turnkey execution of infrastructure projects.

As of May 2024, the company had 28 employees.

VSF Projects Rights Issue 2024 Detail

Issue Open June 5, 2024 - June 20, 2024
Security Name VSF Projects Limited
Issue Size (Shares) 9,865,121
Issue Size (Amount) ₹49.33 Crores
Issue Price ₹50 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Rs 25 on application. Rs 25 in one or more subsequent Call(s) as determined by the Board at its sole discretion, from time to time.

Entitlement 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date

VSF Projects Rights Issue 2024 Issue Timetable

Last Date to buy sharesMay 23, 2024
Record Date May 24, 2024
Credit of Rights Entitlements May 28, 2024
Bid/Offer Opens On June 5, 2024
Renunciation of Rights Entitlements June 13, 2024
Bid/Offer Closes On June 20, 2024
Deemed Date of Allotment July 1, 2024
Credit Date July 2, 2024
Listing Date July 9, 2024

Company Financials

VSF Projects Limited Financial Information (Restated Standalone)

VSF Projects Limited's revenue decreased by -84.34% and profit after tax (PAT) rose by 245352.78% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets91.2467.2265.5765.57
Revenue0.261.631.651.74
Profit After Tax35.350.01-0.080.15
Reserves and Surplus43.62-3.11-5.60-5.52
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the net proceeds from the issue towards funding the following objects:

  1. Funding capital expenditure expenses for constructing a Multi Product Free Trade Warehousing Zone (SEZ) with an inland Container Depot.
  2. Adjustment of Unsecured Loans against the Rights Entitlement of the Promoters;
  3. General Corporate Purpose;
  4. To meet Issue Expenses;

VSF Projects Rights Issue 2024 Subscription Status

VSF Projects Rights Issue 2024 got subscribed by 0.59 times by the end of the bidding period with total bid quantity received by BSE of 5,773,420 shares.

VSF Projects Rights Issue 2024 Documents

VSF Projects Rights Issue 2024 Rating

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VSF Projects Rights Issue 2024 Reviews

Company Contact Information

VSF Projects Limited
Sy.No.782 to 1236, Ankulapatur Village
Chillakur Mandal, Tirupati District, Andhra Prades
Tirupati District- 524 412

Phone: + 040 - 23548694
Email: vsfprojectsltd91@gmail.com
Website: https://www.vsfproject.com/

VSF Projects Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: newissue@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

VSF Projects Rights Issue 2024 Lead Manager(s)

VSF Projects Rights Issue 2024 FAQs

The VSF Projects Rights Issue 2024 opens on June 5, 2024, and closes on June 20, 2024.

VSF Projects Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsMay 28, 2024
Last Date for renunciation of Rights EntitlementsJune 13, 2024
Issue Opening DateJune 5, 2024
Issue Closing DateJune 20, 2024
Date of Allotment (on or about)July 1, 2024
Date of Credit (on or about)July 2, 2024
Date of Listing (on or about)July 9, 2024

VSF Projects Rights Issue 2024 price is set at ₹50 per share per equity share.

The eligible shareholders are being offered 3 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (May 24, 2024).

The record date for the VSF Projects Rights Issue 2024 is May 24, 2024.

The issue size of VSF Projects Rights Issue 2024 is of 9,865,121 equity shares at ₹50 per share aggregating upto ₹49.33 Crores.

The Letter of Offer for VSF Projects Rights Issue 2024 can be download here.

You can apply for VSF Projects Rights Issue 2024 in two ways:

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

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

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select VSF Projects 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. Gagan   I Like It. |Report Abuse|  Link|May 24, 2024 10:58:29 AMReply
I bought vsf projects share @107 on 23may next day in my holding the price goes to 71 rs and closing of the stock was 127rs on 23may but next day it showing the closing is at 82rs on 23may. Showing same quantity of shares.
Do they anounce any split in stock.and what benefits i will get ?
2.1. Kan   I Like It. |Report Abuse|  Link|May 31, 2024 12:21:14 AM
What the hell is going on in this stock?
1. P.S.R   I Like It. |Report Abuse|  Link|May 22, 2024 11:31:14 AMReply
The Registrar company is not seems to be genuine. Their Contact No. 22 3199 8810, available in their website is fake. All other numbers are working, no one is there to Answer. Why SEBI is allowing such irresponsive company's to handle such sensitive issues ?

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