Urja Global Rights Issue opens on 21-January-2021. the company is aiming for an issue size of ₹25 Crores through this rights issue.
Urja Global Limited
Incorporated in 1992, Urja Global Limited Limited is one of India’s leading Renewable Energy developers and operators and a certified leading integrated Solar Power Company. The company is engaged in providing total solar solutions that include design, consultancy, integration, supply, installation, commissioning & maintenance of off-grid and grid-connected Solar Power Plants and decentralized Solar Applications. Urja Global is the 4th best voted eco-friendly company and an approved channel partner of the Ministry of New and Renewable Energy (MNRE), Govt. of India.
Urja Global’s product portfolio consists of electric vehicles, solar study lamp, Lithium-ion battery, solar home lighting system, solar led lantern, solar panel, solar street light lithium-ion, solar water heater, solar water pump, and solar inverter. The company is committed to developing rural India by focusing on rural electrification in locations like hilly areas, forest regions, deserts, islands, and far-flung villages that require a reliable and uninterrupted power supply.
Urja Global has two Wholly Owned Subsidiaries – Urja Batteries Limited, Urja Digital World Limited, and one Subsidiary, namely, Sahu Minerals and Properties Limited. With almost 29 years in the business, Urja Global has delivered 100+ corporate turnkey projects and completed 1300+ residential installations. Some of the Key Projects of the company include:
- Supply of AC LED Lights in Ardh Kumbh Mela in Haridwar.
- Installation of Solar LED Street Lights and Solar Panel in various Gram Panchayat across India.
- Supply of Solar Lanterns to CRPF in Meghalaya.
- Installation of SPV Power Plant at Shulabh Toilet Complex in Jharkhand.
Objective of the Issue
- To augment the existing and incremental working capital requirements of the Company.
- Adjustment of unsecured loans against promoter entitlements.
- General corporate purposes.
Date to remember
| Bid/Offer Opens On | Jan 25, 2021 |
| Bid/Offer Closes On | Feb 10, 2021 |
| Record Date | Jan 15, 2021 |
| Deemed Date of Allotment | Feb 18, 2021 |
Urja Global Rights Issue Detail
| Security Name | Urja Global Limited |
| Issue Size (Shares) | 5.00 Crores |
| Issue Size (Amount) | ₹25 Crores |
| Issue Price | ₹5 per share |
| Face Value | ₹1 per share |
| Market Lot | 1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | On Application, Investors will have to pay Rs.1.25 per Rights Equity Share (25% of the Issue Price). The balance Rs.3.75 per Rights Equity Share (75% of the Issue Price), will have to be paid, on one or more subsequent Call(s), as determined by the Board Committee at its sole discretion, from time to time. |
| Entitlement | 7 Equity Shares for every 71 fully-paid up Equity Shares held on the Record Date |
Urja Global Rights Issue Registrar
Alankit Assignments Ltd Alankit House 2E/21,
Jhandewalan Extension,
New Delhi – 110055
Phone: (011) 4254 1234
Email: urjarights@alankit.com
Website: https://www.alankit.com/
Company Contact Information
Urja Global Limited
487/63, 1st Floor,
National Market, Peeragarhi,
New Delhi, 110087, India
Phone: 011 45588274/75
Email: cs@urjaglobal.in
Website: http://www.urjaglobal.in/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing