Inventure Growth & Securities Rights Issue: Things to Know

• Inventure Growth & Securities Rights Issue bid opens on July 15, 2024.
• The Rights Issue size is Rs 48.93 crore.
• The upcoming issue’s price is set at Rs 2.33 per share
• The bid offer closes on August 13, 2024.

Inventure Growth & Securities Limited is coming up with its rights issue. The bid opens on July 15, 2024 and closes on August 13, 2024. The last Date to buy shares is Thursday, July 4, 2024. The record date of this new issue is Friday, July 5, 2024. 

The issue size is 210,000,000 equity shares amounting to Rs 48.93 crores. The issue price is Rs 2.33 per share, and the face value is Rs 1 per share. This issue will allow existing shareholders to buy Inventure Growth & Securities equity shares at a discounted price. 

Inventure Growth & Securities' share price is Rs 2.68 per share. The eligible holders are being offered 1 Rights Equity shares for every four (4) fully paid-up equity shares held on a July 5, 2024, record date. 

The company plans to raise Rs 48.93 crores through this rights issue. Link Intime India Private Limited is the registrar for the upcoming rights issue. The lead managers for this issue have yet to be announced. 

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About Inventure Growth & Securities Limited 

Inventure Growth & Securities, incorporated in 1985, offers a wide range of comprehensive advisory services that include trading equity, cash and derivatives, debt, commodities, currency, wealth management, and distribution of financial services. 

Inventure Growth & Securities offers services in Retail Broking, Financial product distribution, Institutional broking, mutual fund investment, commodity broking, research analyst services, and depository participants. 

Inventure Growth & Securities is based in Mumbai and operates through 126 business locations, including branches and authorized personnel across India. As of 30 September 2023, the company has 105 employees in various departments.

Inventure Growth & Securities: Objectives

The funds received from this rights issue will be used to expand the Arbitrage and share trading business, meet working capital requirements, expand the margin trading facility, and invest in cutting-edge proprietary technology and software. 

Inventure Growth & Securities: Financial Metrics  (Amt in Rs crores)

Inventure Growth & Securities Limited posted a revenue of Rs 62.51 crore and net profit of Rs 12.00 crore for the period ending on March 31 2024. The revenue figures increased by 22.59% and net profit increased by 29.6% between the FY ending on 31 Mar 2024 and 31 Mar 2023. 

Inventure Growth & Securities Limited Rights Issue: Details 

Timetable of Inventure Growth & Securities Limited Rights Issue

Lead managers, Registrar of Rights Issue 

The registrar for the Inventure Growth & Securities rights issue is Link Intime India Private Limited. However, the book-running lead managers details are not yet available. You can check your allotment status by clicking here. 

FAQs

1. What are the details of the Inventure Growth & Securities Limited Rights Issue?

The issue size is 210,000,000 equity shares amounting to Rs 48.93 crores. The issue price is Rs 2.33 per share, and the face value is Rs 1 per share

2. When does the Rights Issue open and close?

The bid opens on July 15, 2024 and closes on August 13, 2024. The last Date to buy shares is Thursday, July 4, 2024. The record date of this new issue is Friday, July 5, 2024. 

3. How can I apply for the Inventure Growth & Securities 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 Inventure Growth & Securities Limited Issue?

Link Intime India Private Limited is the registrar for this upcoming rights issue. Investors can check out the allotment by visiting the registrar's website. 

5. What is the objective of the Inventure Growth & Securities Limited Rights Issue?

The funds received from this rights issue will be used for the expansion of Arbitrage and share trading business, to meet the working capital requirements, and expansion of margin trading facility, also to invest in the new edge proprietary technology and software. 

6. What is the record date for the Inventure Growth & Securities Limited Rights Issue?

The record date determining the shareholders eligible for the Rights Issue, is set for July 9, 2024.

7. Where will the Inventure Growth & Securities Limited Right Issue be listed?

The Rights Issue will be listed on the NSE & BSE. 

8. What is the entitlement ratio for the Inventure Growth & Securities Limited Right Issue? 

The entitlement ratio is set at 1 Rights equity Shares for every 4 fully paid up equity shares held on record date July 9, 2024. 

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