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Right Issue Status: Closed [7th Feb 2024 to 27th Feb 2024]
Magnum Ventures Limited offers Right Issue size of Rs 48.92 Cr. The subscription for this Rights Issue is opening from 7 Feb 2024 to 21 Feb 2024. The company issues entitlement of 2 Rights equity shares for every fully paid-up 11 equity shares held on the record date of 25 Jan 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 54 per share.
Stay connected with us to more about Magnum Ventures Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The Company proposes to utilize the Net Proceeds from the Issue towards the following objects:
| Magnum Ventures Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 0.91 Cr Shares |
| Right Issue Issue Size (Amount) | ₹48.92 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹54 per share |
| Right Issue Record Date | 25th Jan 2024 |
| Right Issue Entitlement | 2 Rights Equity Share(s) for every 11 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Issue Price of Rs.54/- per Rights Equity Share (including premium of Rs.44/- per Rights Equity Share) shall be payable on Application. |
| Listing At | BSE, NSE |
| BSE Code | 532896 |
| NSE Code | MAGNUM |
In this section we have covered all important dates related to Magnum Ventures Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 7th Feb 2024 |
| Right Issue Issue Close Date | 27th Feb 2024 |
| Basis of Allotment Finalisation Date* | 5th Mar 2024 |
| Refunds Initiation* | 16th Feb 2024 |
| Credit of Shares to Demat Account* | 6th Mar 2024 |
| Right Issue Listing Date* | 11th Mar 2024 |
* - Tentative Dates
Zerodha Trade@20
Established in 1980, Magnum Ventures Limited is a leading company in the Indian hospitality industry and in the manufacture of eco-friendly paper. The company has been in the business of manufacturing, trading and exporting paper for more than 25 years. The company also owns and operates the Country Inn and Suites by Carlson (now Radisson) hotel in Sahibabad, the second largest hotel under the Country Inn and Suites by Carlson brand and the first five-star vegetarian hotel of its kind in India.
Since its inception, the company has been in the business of trading and manufacturing paper ("Paper Division") for more than four decades. In 2009, our company diversified its business by commencing hotel operations with the unique selling proposition of being the only five-star vegetarian hotel in India (“Hotel Division”).
Magnum is one of the leading manufacturers of hard paper in India, which is used for packaging popular consumer electronics and food products. The existing manufacturing activities include newsprint paper, paperboard, clay-coated paper for cups, natural coloured cups, paperboard for food containers, Magnum Bio Pack with nano-coating for food and high-strength kraft papers with an installed capacity of 85,000 TPA (tonnes per annum). The paper mill's products are used for various end uses in different industries. Newsprint, which is known for its absorbency and lightweight, is used for newspapers, brochures and other printed products.
Past performance and financial results of Magnum Ventures .
Magnum Ventures Limited's revenue increased by 40.38% and profit after tax (PAT) rose by 1276.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,042.72 | 314.97 | 315.10 | |
| Revenue | 465.50 | 331.60 | 182.41 | |
| Profit After Tax | 48.39 | 70.86 | 5.15 | 1.34 |
| Net Worth | 600.68 | 583.94 | -51.17 | -56.73 |
| Reserves and Surplus | 541.84 | -88.77 | -94.33 | |
| Total Borrowing | 167.18 | 166.12 | 273.61 | 294.48 |
| Amount in ₹ Crore | ||||
The table below is live update of Right Issue bidding details from NSE and BSE.
Magnum Ventures Right Issue Offer Document (Letter of Offer) >>Document
Magnum Ventures Right Issue Offer Document (Letter of Offer) >>Magnum Ventures Right Issue Red Herring Prospectus is not yet available.
Magnum Ventures Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Magnum Ventures Right Issue Online Application (Registrar & Transfer Agent) >>Magnum Ventures Right Issue RTA information is not yet available.
Last Updated on 2024-03-01T04:33:06+00:00
