Ganesha Ecoverse Rights Issue: Key Points to checkout

1. Ganesha Ecoverse Rights Issue Bid/offer opens from September 20, 2024 till September 24, 2024.
2. The company issued a total of 1.34 crore Equity shares amounting to Rs 46.95 crore.
3. The company set the rights issue price at Rs 35 per share.

Ganesha Ecoverse Limited came up with the rights issue. The company issued a total of 13,415,280 Equity shares with a decided issue price of Rs 35 per share, a total amounting to Rs 46.95 Crores. Meanwhile, the face value is reported as Rs 10 per share. Investors who currently do not hold shares of Ganesha Ecoverse Limited have the opportunity to purchase shares until September 6, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is September 9, 2024. However, Skyline Financial Services Private Limited is appointed as the registrar for this rights issue. If we look at the entitlement ratio, it is mentioned that 6 Rights Equity Share(s) is used for every 5 fully paid-up Equity Shares held on Record Date.

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About Ganesha Ecoverse Limited

Ganesha Ecoverse has been in the manufacture of textile yarn and garments through state-of-the-art technology, using quality sustainable materials, until its change of name to Ganesha Ecoverse Limited on March 22, 2022. In tune with its commitment towards responsible care for the environment, it always strives to set higher standards to cater to and meet the demands and growth of an ever-changing market.

Ganesha Ecoverse works towards creating a better future with the simple vision of leaving a long-lasting mark on earth, which will be treasured for generations to come.

Financial Performance of Ganesha Ecoverse Limited (Amt in Rs Crore)

The company's revenue was reported to be Rs 29.36 Crore for the year ended March 2024, which shows a massive increase of 5280% as compared to March 2023. The profit after tax increased by 281% for the year ended 2024 compared to March 2023.

Important Dates for Ganesha Ecoverse Rights Issue

Timetable of Ganesha Ecoverse Rights Issue

Lead manager(s), Registrar of Rights Issue & Letter of Offer

The firm has not yet disclosed their lead manager for the rights issue. However, Skyline Financial Services Private Limited is appointed as a registrar for this rights issue. You can check your allotment status here. To read the letter of offer in detail, click here.

FAQs

1. What are the important dates for Ganesha Ecoverse's rights issue?

The important dates include the opening & closing dates of the rights issue is September 20, 2024, and September 24, 2024, respectively.

2. What is the last date for buying shares to get eligible for this rights issue?

To get eligible for the rights issue of Ganesha Ecoverse Limited, an investor can buy its shares till September 06, 2024.

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

The record date, which is the date to determine the shareholder's eligibility for the Rights Issue is September 09, 2024.

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

You can apply for Ganesha Ecoverse Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility).

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

The registrar for this rights issue is Skyline Financial Services Private Limited. You can check your allotment status here.

6. From where can I get the Letter of Offer for this Rights Issue?

You can download the Letter of Offer by visiting here.

7. Where will the Ganesha Ecoverse Rights Issue be listed?

The Rights Issue will be listed on the BSE.

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

The entitlement ratio is set at 6 Rights Equity Share (s) for every 5 fully paid-up equity share (s) held on the record date.

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