₹48.96 Cr
4,80,00,000 shares
5:2
5 rights for every 2 shares
May 28, 2025
Eligibility cut-off
0.02x
As of Jun 24, 2025
May 22, 2025
May 28, 2025 - Eligibility determined
June 10, 2025
June 19, 2025
June 25, 2025 (Extended to July 7, 2025)
June 30, 2025
Markobenz Ventures Limited (formerly Evergreen Textiles Limited) was incorporated on October 4, 1985. The company is engaged in trading organic agricultural commodities in the business-to-business (B2B) sector and manufacturing operations.
The entitlement ratio is 5:2, meaning for every 2 fully paid equity shares held as of the record date (May 28, 2025), shareholders are entitled to 5 rights shares.
The rights issue price is ₹10.2 per share with a face value of ₹10. This represents a discount to the current market price of approximately ₹11.35.
Only shareholders who held shares of Markobenz Ventures Limited as of the record date (May 28, 2025) are eligible to participate in this rights issue.
Yes, rights entitlements can be renounced and traded on the stock exchange until June 19, 2025. The rights entitlements will be listed under the symbol "MARKOB-RE1".
If the issue is under-subscribed, eligible shareholders may be able to apply for additional shares beyond their entitlement on a proportionate basis.
The deemed date of allotment is June 30, 2025. The new shares will be credited to demat accounts and listed on BSE shortly after allotment.
| Event | Date | Status | Description |
|---|---|---|---|
| Board Approval | May 22, 2025 | Completed | Rights issue approved by Board of Directors |
| Record Date | May 28, 2025 | Completed | Eligibility of shareholders determined |
| Rights Entitlement Credit | June 3, 2025 | In Progress | Rights entitlements credited to demat accounts |
| Issue Opens | June 10, 2025 | Active | Rights issue subscription opens |
| Renunciation Closes | June 19, 2025 | Upcoming | Last date for renunciation of rights |
| Issue Closes | June 25, 2025 | Critical | Rights issue subscription closes |
| Allotment | June 30, 2025 | Pending | Deemed date of allotment |
| Listing | July 3, 2025 | Expected | New shares listing on BSE |
The allotment of rights shares will be made on a proportionate basis to all eligible applicants. Given the current under-subscription status, all valid applications are likely to receive full allotment.
The rights issue closing date has been extended from June 25, 2025 to July 7, 2025 due to low subscription levels.
Rights entitlements are now tradeable on BSE under the symbol "MARKOB-RE1" (ISIN: INE229N20028).
Company has fixed May 28, 2025 as the record date for determining eligibility for the rights issue.
Markobenz Ventures Limited
G2&G3 Samarpan Complex,
Next to Mirador Hotel,
Chakala, Andheri East,
Mumbai - 400099
+91-88882-86412
www.evergreentextiles.in
Purva Sharegistry India Pvt Ltd
Unit: Markobenz Ventures Limited
+91-022-23018261
+91-022-23016761
www.purvashare.com
BSE Limited
Stock Code: 514060
Symbol: MARKOBENZ
Rights Symbol: MARKOB-RE1
ISIN: INE229N01010
Rights ISIN: INE229N20028