02-May-2024
2 mins read
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Khoobsurat Limited is coming with its rights issue in the coming week. The bid opens on May 15, 2024 and closes on May 24, 2024. The last date to buy shares is Friday, May 3, 2024. The record date of this new issue is Saturday, May 4, 2024. The issue size is of 349, 591,421 equity shares amounting to Rs 34.96 crores. The issue price is set at Rs 1 per share, and the face value is at Rs 1 per share. This issue will give eligibility to the existing shareholders to buy Khoobsurat equity shares at lower price. Presently, Khoobsurat's share price is Rs 1.37 per share. The current market price is near to the issue price. The eligible shareholders are being offered fifty Rights Equity shares for every nineteen fully paid up equity shares held on a May 4, 2024, record date. The payment terms are decided as the full amount of Rs 1 per share is payable on application. Through this rights issue, the company plans to raise Rs 34.96 crores. The registrar for this issue is Purva Sharegistry India Private Limited. The lead managers for this issue are not yet announced.
About Khoobsurat Limited Company Profile
Khoobsurat Limited incorporated in April 1982, in the business of buying and selling of shares. They buy and sell shares on both short-term and long-term basis, with most of their inventory consisting of quoted shares. The company also invests in unlisted companies and they operate from the Kolkata office. The business of Khoobsurat Limited can be divided into the following sections — Financing activities serving both Individual and corporate clients. As of April 2024, the company has a team of 8 employees. The company's managing director is Sanjay Mishra and Chief financial officer of the company is Ajay Mishra.
Objectives of Khoobsurat Limited Rights Issue
The funds will be used to purchase corporate offices in Mumbai and Kolkata, invest in Salcete Brewing Limited, purchase tradable and strategic securities, and meet general corporate purposes.
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Financials Details of Khoobsurat Limited (Amt in Rs Crores)
Khoobsurat Limited posted a revenue of Rs 0.75 crore and net profit of Rs 0.11 crore for the year ending on 31 March 2023. The company’s revenue decreased by -12.13% and PAT declined by -55.12% between the FY ending on 31 March 2023 and 31 March 2022.
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 25.54 | 25.43 | 25.85 |
| Revenue | 0.73 | 0.83 | 0.83 |
| Profit After Tax | 0.11 | 0.24 | 0.01 |
| Reserves and Surplus | 12.17 | 12.06 | 11.81 |
Important Details for Khoobsurat Limited Rights Issue
| Issue Open | May 15, 2024 - May 24, 2024 |
| Security Name | Khoobsurat Limited |
| Issue Size (Shares) | 349,591,421 |
| Issue Size (Amt) | Rs 34.96 Crores |
| Issue Price | Rs 1 per share |
| Face Value | Rs 1 per share |
| Listing At | BSE |
| Terms of Payment | Not yet announced |
| Entitlement | 50 Rights Equity Share for every nineteen fully paid-up Equity Shares held on May 4, 2024 |
Timetable of Khoobsurat Limited Rights Issue
| Last Date to buy shares | Friday, May 3, 2024 |
| Record Date | Saturday, May 4, 2024 |
| Credit of Rights Entitlements | Not yet announced |
| Bid/Offer Opens On | Wednesday, May 15, 2024 |
| Renunciation of Rights Entitlements | Tuesday, May 21, 2024 |
| Bid/Offer Closes On | Friday, May 24, 2024 |
| Deemed Date of Allotment | Not yet announced |
| Credit Date | Not yet announced |
| Listing Date | Not yet announced |
How to Apply for Khoobsurat Limited Rights Issue?
Wait for the public issue to open for subscription, then click here to apply for the Khoobsurat Limited Rights Issue with Bigul.
How do you check the allotment status of the Khoobsurat Limited Rights issue?
The registrar for this upcoming rights issue is not yet announced. Once it gets announced, inventors can check the allotment by visiting their website.
FAQs
- What is the Khoobsurat Limited Rights Issue?
The issue size is of 349, 591,421 equity shares amounting to Rs 34.96 crores. The issue price is set at Rs 1 per share, and the face value is at Rs 1 per share. This issue will give eligibility to the existing shareholders to buy Khoobsurat equity shares at lower price. Presently, Khoobsurat's share price is Rs 1.37 per share.
- When does the Rights Issue open and close?
The bid opens on May 15, 2024 and closes on May 24, 2024. The last date to buy shares is Friday, May 3, 2024. The record date of this new issue is Saturday, May 4, 2024.
- How can I apply for the Khoobsurat Limited Rights Issue?
You can apply for the Rights Issue once it opens for a subscription. Just click here to apply with Bigul.
- How can I check the allotment status of the Khoobsurat Limited Issue?
The registrar for this upcoming rights issue is not yet announced. Once it gets announced, inventors can check the allotment by visiting their website.
- What is the objective of Khoobsurat Limited Rights Issue?
The funds will be used to purchase corporate offices in Mumbai and Kolkata, invest in Salcete Brewing Limited, purchase tradable and strategic securities, and meet general corporate purposes.
- What is the record date for the Khoobsurat Limited Rights Issue?
The record date, which is the date to determine the shareholders eligible for the Rights Issue, is set for May 4, 2024.
- Where will the Khoobsurat Limited Right Issue be listed?
The Rights Issue will be listed on the BSE.
- What is the entitlement ratio for the Khoobsurat Limited Right Issue?
The entitlement ratio is set at one Rights equity Shares for every one fully paid-up equity shares held on record date May 4, 2024.
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