Ganesha Ecoverse Limited Rights Issue: All You Need To Know

Ganesha Ecoverse Limited is coming with its rights issue in the coming week. The issue size is 13,415,280 equity shares amounting to Rs 46.95 crores. The issue price is Rs 35 per share, and the face value is Rs 10 per share. This issue will allow existing shareholders to buy Ganesha Ecoverse equity shares at a discounted price. Ganesha Ecoverse' share price is Rs 67 per share. The entitlement ratio is set at six Rights equity Shares for every five fully paid-up equity shares held on record date. Through this rights issue, the company plans to raise Rs 46.95 crores. The registrar and lead managers for this issue have yet to be announced. The bid opening and closing dates have yet to be announced. This rights issue's record date and last date is not yet declared.

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About Ganesha Ecoverse Limited 

Ganesha Ecoverse Limited, formerly known as SVP Housing Limited, is dedicated to creating textile yarns and garments using advanced technology and the finest sustainable materials to meet the demand of the evolving market. Ganesha Ecoverse aims to lead the way toward a more responsible and vibrant future, making a positive impact on the world and providing a legacy for future generations. 

Objectives of Ganesha Ecoverse Limited Rights Issue

The main objective of Ganesha Ecoverse rights issue is to raise funds from the existing shareholders by giving them shares at a discount rate. The company offering shares at 30% discount. The funds will likely be utilised for expansion of business and meeting other day-to-day capital requirements. Other objectives have not yet been announced.

Financials Details of Ganesha Ecoverse Limited  (Amt in Rs Crores)

Ganesha Ecoverse Limited posted a revenue of Rs 0.23 crore and net loss of Rs -2.34 for the period ending on 31st March 2023. The company’s revenue decreased by -99% and PAT dropped by -507.67% between the FY ending with 31 March 2023 and 31 March 2023 and 31 March 2022. 

Important Details for Ganesha Ecoverse Limited Rights Issue

Timetable of Ganesha Ecoverse Limited Rights Issue

How to Apply for Ganesha Ecoverse Limited Rights Issue?

Wait for the public issue to open for subscription, then click here to apply for the Ganesha Ecoverse Limited Rights Issue with Bigul.

How do you check the allotment status of the Ganesha Ecoverse Limited Rights issue?

The registrar for this upcoming rights issue is not yet declared. Once it gets announced investors can check it by visiting their website.

FAQs

1. What are the details of the Ganesha Ecoverse Limited Rights Issue?

The issue size is 13,415,280 equity shares amounting to Rs 46.95 crores. The issue price is Rs 35 per share, and the face value is Rs 10 per share. This issue will allow existing shareholders to buy Ganesha Ecoverse equity shares at a discounted price.

2. When does the Rights Issue open and close?

The bid opening and closing dates are not yet announced. The record date and last date of this rights issue is not yet declared.

3. How can I apply for the Ganesha Ecoverse Limited Rights Issue?

You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.

4. How can I check the allotment status of the Ganesha Ecoverse Limited Issue?

The registrar for this Ganesha Ecoverse rights issue is not yet declared. Once it gets announced investors can check it by visiting their website.

5. What is the objective of the Ganesha Ecoverse Limited Rights Issue?

The main objective of Ganesha Ecoverse rights issue is to raise funds from the existing shareholders by giving them shares at a discount rate. The company offering shares at 30% discount. The funds will likely be utilised for expansion of business and meeting other day-to-day capital requirements. Other objectives have not yet been announced.

6. What is the record date for the Ganesha Ecoverse Limited Rights Issue?

The record date is a date which determines the shareholders eligible for the Rights Issue, which is yet to be announced.

7. Where will the Ganesha Ecoverse Limited Right Issue be listed?

The Rights Issue will be listed on the BSE, NSE

8. What is the entitlement ratio for the Ganesha Ecoverse Limited Right Issue? 

The entitlement ratio is set at six Rights equity Shares for every five fully paid-up equity shares held on record date. 

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