Tilak Ventures Rights Issue: Checkout Key Details

1. Tilak Ventures Rights Issue Bid/offer opens from Oct 03, 2024 till Oct 11 2024
2. The company issued a total of 22.28 crore Equity shares amounting to Rs 49.03 crore
3. The company set the rights issue price at Rs 2.20 per share

Tilak Ventures Limited came up with the rights issue. The company issued a total of 222,848,403 Equity shares with a decided issue price of Rs 2.20 per share, a total amounting to Rs 49.03 Crores. Meanwhile, the face value is reported as Re 1 per share. Investors who currently do not hold shares of Tilak Ventures Limited have the opportunity to purchase shares until Sept 12, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is Sept 13, 2024. However, Link Intime India Private Limited is appointed as the registrar for this rights issue. If we look at the entitlement ratio, it is mentioned that 1 Rights Equity Share(s) is used for every 1 fully paid-up Equity Shares held on Record Date.

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About Tilak Ventures Limited

Tilak Ventures Limited, incorporated in 1980, is primarily engaged in trading shares, commodities, loans, and various investment products. The company operates within two key segments: finance and commodities trading, with a focus on providing financing solutions and trading activities in shares, commodities, and bullion.

With its diverse portfolio, Tilak Ventures continues to offer comprehensive financial services and investment opportunities, catering to a broad spectrum of clients involved in both finance and commodity markets.

Financial Performance of Tilak Ventures Limited (Amt in Rs Crore)

The company's revenue was reported to be Rs 16.91 Crore for the year ended March 2024, which shows an increase of 78% as compared to March 2023. The profit after tax increased by 126% for the year ended 2024 compared to March 2023.

Important Dates for Tilak Ventures Rights Issue

Timetable of Tilak Ventures Rights Isue

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

The firm has not disclosed their lead manager for the rights issue. However, Link Intime India Private Limited is appointed as a registrar for this rights issue. You can check your allotment status here. Tilak Ventures released a Letter of Offer. To read it in detail, click here.

FAQs

1. What are the important dates for Tilak Ventures's rights issue?

The important dates include the opening & closing dates of the rights issue: Oct 03, 2024, and Oct 11, 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 Tilak Ventures Limited, an investor can buy its shares till Sept 12, 2024.

3. What is the record date for the Tilak Ventures Rights Issue?

The record date, which is the date to determine the shareholder's eligibility for the Rights Issue is Sept 13, 2024.

4. How can I apply for the Tilak Ventures Limited Rights Issue?

You can apply for Tilak Ventures 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 Tilak Ventures Issue?

The registrar for this rights issue is Link Intime India 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 Tilak Ventures Rights Issue be listed?

The Rights Issue will be listed on the BSE.

8. What is the entitlement ratio for the Tilak Ventures Limited Rights Issue?

The entitlement ratio is set at 1 Rights Equity Share (s) for every 1 fully paid-up equity share (s) held on the record date.

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