Established in 1994, Visagar Financial Services Limited is a reputable Non-Banking Financial Company (NBFC) that operates under the official registration of the RBI. This company operates as a non-deposit accepting NBFC, falling under the category of Non-Systemically Important Non-Deposit Taking Company, specifically classified as an Investment and Credit Company (ICC).
Visagar Financial Services’ operational framework encompasses three primary segments:
- Investments – Comprising both Quoted and Unquoted holdings.
- Lending – Involving both Secured and Unsecured loans.
- Consulting – Offering services in Financial Advisory and Corporate Advisory.
The core activities of Visagar Financial Services revolve around strategic investments in securities from both listed and unlisted companies. Their investment decisions are thoughtfully guided by a blend of long-term and short-term considerations, carefully assessing opportunities and prevailing market conditions. With a diversified approach, the company has invested across various sectors, with a major revenue stream stemming from the sale of shares.
Furthermore, Visagar Financial Services’ portfolio extends to extending secured and unsecured loans, tailored to match the risk profiles of their clientele.
Visagar Financial Services Ltd. Stock Quote #
- Open: ₹1.29
- High – Low: ₹1.29 – ₹1.28
- Previous Close: ₹1.23
- Total Traded Value: 2,49,29,165
- Updated On: Aug 11, 2023 4:00 PM
Visagar Financial Services Rights Issue 2022 Detail #
| Issue Open | Jan 12, 2023 – Feb 10, 2023 |
| Security Name | Visagar Financial Services Limited |
| Issue Size (Shares) | 497,387,700 |
| Issue Size (Amount) | ₹49.74 Crores |
| Issue Price | ₹1 per share |
| Face Value | ₹1 per share |
| Listing At | BSE |
| Terms of Payment | The Issue Price of Re. 1.00 per Rights Equity Share shall be payable on application. |
| Entitlement | 51 Rights Equity Shares for every 10 fully paid-up Equity Shares held as on the Record Date |
Visagar Financial Services Rights Issue 2022 Issue Timetable #
| Record Date | Dec 30, 2022 |
| Credit of Rights Entitlements | Jan 11, 2023 |
| Bid/Offer Opens On | Jan 12, 2023 |
| Renunciation of Rights Entitlements | Jan 25, 2023 |
| Bid/Offer Closes On | Feb 10, 2023 |
| Deemed Date of Allotment | Feb 15, 2023 |
| Credit Date | Feb 16, 2023 |
| Listing Date | Mar 1, 2023 |
Company Financials #
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-21 | 66.58 | -0.35 | 11.71 | 2.3 |
| 31-Mar-22 | 16.82 | 0.24 | 11.95 | 1.62 |
| 30-Sep-22 | 23.31 | -3.06 | 8.88 | 14.6 |
| Amount in ₹ Crore | ||||
Objects of the Issue: #
The Company intends to utilize the proceeds of the Issue towards the following objects:
- To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our NBFC activities; and
- General corporate purposes
Visagar Financial Services Rights Issue 2022 Documents #
Company Contact Information #
907-908, Dev Plaza, 9th Floor,
S.V. Road, Andheri (West),
Mumbai – 400 058Phone: +91 22 67424815
Email: companysecretary@sakumaexportsltd.com
Website: http://www.vfsl.org/
Visagar Financial Services Rights Issue 2022 Registrar #
- Adroit Corporate Services Pvt Ltd
Phone: 91- 22- 2859 6060/2859 4060
Email: divyan@adroitcorporate.com
Website: http://www.adroitcorporate.com
