Veerhealth Care Limited Rights Issue: Important Things To Consider

Veerhealth Care Limited is coming up with its right issue in the coming months. The issue size of shares is 99,99,238, and the issue amount is Rs 25 crores. The opening and closing date of this right issue have yet to be declared. Also, the opening and closing dates are yet to be announced. The issue price is decided at Rs 25 per share, and the face value is set at Rs 10 per share. Currently, Veerhealth Care’s share price is trading at Rs 28.45 per share, with a one-day decline of 5.50%. The lead manager and registrar of this issue have yet to be announced.

About Veerhealth Care Limited Company Profile

Veerhealth Care Limited was incorporated on July 10, 1992, as Niyati Leasing Limited with the purpose of starting a business in the field of Finance and Investment. In 2013, the company decided to diversify their business activities and change its main field to the pharma sector. So, the company renamed the company as Veerhealth Care Limited. In 2020 the company started its operations in cosmetic manufacturing. The company manufactures products under the brand name “Ayuveer”. Ayuveer has in-depth knowledge of herbs and their uses passed on by the parent company Veerhealth Care. The company has been engaged in the business of manufacturing and supply of ayurvedic medicine and oral care products for the last 6 years. The product portfolio is Veerhealth care includes Skincare, Bodycare, Haircare, Fragrances, Oralcare, Menscare, Gifting, Combs, Accessories.

Financial Performance of Veerhealth Care Limited (Amt in Rs Crore)

Veerhealth Care Limited reported a revenue of 14.51 crore and profit after tax of Rs 1.58 crore for the period ending on March 31, 2023. The company’s revenue increased by 28.5%, and profit after tax increased by 2249.46% between the financial year ending March 31, 2023, and March 31, 2022.

Important Dates for Veerhealth Care Limited Rights Issue

Timetable of Veerhealth Care Limited Rights Issue

Objectives of Veerhealth Care Limited Rights Issue

The objectives of this Rights issue is not declared yet.

How to Apply for Veerhealth Care Limited Rights Issue?

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

How to Check the Allotment Status of Veerhealth Care Limited Rights Issue?

The registrar for Veerhealth Care Limited Rights Issue is not yet declared.

FAQs

1. What is the Veerhealth Care Limited Rights Issue?

Veerhealth Care Limited is coming up with its right issue in the coming months. The issue size in terms of shares is 99,99,238 and in terms of amount is Rs 25 crores. The opening and closing date of this right issue is not yet declared. Also, the opening and closing dates are yet to be announced. The issue price is decided at Rs 25 per share and face value is set at Rs 10 per share.

2. When does the Rights Issue open and close?

The Rights Issue subscription opening dates are yet to be announced.

3. How can I apply for the Veerhealth Care 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 Veerhealth Care Limited Issue?

The registrar for this right issue is not yet announced.

5. What is the objective of the Veerhealth Care Limited Rights Issue?

The objectives of this Rights issue is yet to be declared.

6. What is the record date for the Veerhealth Care Limited Rights Issue?

The record date, which is the Date to determine the shareholders eligible for the Rights Issue, is not yet to be announced.

7. Where will the Veerhealth Care Limited Right Issue be listed?

The Rights Issue will be listed on the BSE.

8. What is the entitlement ratio for the Veerhealth Care Limited Right Issue?

The entitlement ratio is set at one Rights Equity Share for every two fully paid-up Equity share held on the record date.