Let’s have a detailed review of the company and analytics of the HKG Rights Issue offer open date, Term of payment, HKG Limited Rights Issue Entitlement, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 2
Issue PriceRs 8
Listing AtNSE, BSE
Min. Lot Size[●] Eq Shares
Record Date15 November 2021
Issue Size (Rs.)Rs 1400 Lakhs
Shares for Issue1,75,00,000 Eq Shares
Rights entitlementUpto 1 Equity Share for every 1 fully paid-up Equity Share
held on the Record Date

HKG Rights Issue is listed at NSE & BSE. Check out the live share price by clicking on the below link.

HKG Share Price – Live Performance

HKG Rights Issue – Summary

HKG Rights IssueTheir Company was incorporated as “Yogya Enterprises Limited” on 16th September 2010 under the Companies Act, 1956 and vide a certificate of incorporation dated 16th September 2010 and certificate of commencement of business dated 15th October 2010 issued by Assistant Registrar of Companies, National Capital Territory of Delhi & Haryana.

Subsequently, the name of the company was changed to “HKG Limited” vide fresh Certificate of Incorporation dated 16th October 2019 issues by Registrar of Companies, Delhi.

The Promoter of this company is MR. YATIN BHUPENDRA SHAH AND HKG MONEY TECH PRIVATE LIMITED. The lead manager to the issue is KHAMBATTA SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


HKG Rights Issue Date

The opening and the closing date of the IPO of HKG Limited are 25 November 2021 and 10 December 2021 respectively.


HKG Rights Issue Allotment Status

Here, you can find the Allotment Status of this Right Issue.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

HKG Rights Issue Dates

Find the dates below on basis of allotment, record, listing, and more:

Issue Opening Date
25 November 2021
Last date for on-market renunciation of rights / Date of closure of trading of Rights Entitlements22 November 2021
Issue Closing Date10 December 2021
Finalizing the basis of allotment with the Designated Stock Exchange21 December 2021
Record date15 November 2021
Date of Allotment22 December 2021
Credit of Shares to Demat Account22 December 2021
Share Listing Date24 December 2021

HKG Rights Issue Price

The face value of each share is Rs.2, but the Cash Price is Rs.8 per Eq share. 


HKG Rights Issue Equity Size

This Initial Public Issue of 1,75,00,000 Equity Shares of Rs.2 each for cash at a price of Rs.8 per equity share aggregating to Rs 1400 Lakhs.


HKG Rights Issue – Live Performance

The listing date of this IPO is 24 December 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – HKG Share Price

HKG Rights Issue – Company Overview

In the year 2019, their company was acquired by its current promoters – Mr. Yatin Bhupendra Shah (“Acquirer”) along with HKG Money Tech Private Limited (formerly called IG Financial Services Pvt Ltd) (“Person Acting in Control”) from its former promoters – Mr. Rajeev Gupta and Yogya Infrastructure Ltd pursuant to a Share Purchase Agreement dated July 17, 2019, and an Open Offer from August 30, 2019, to September 16, 2019 (both dates inclusive).

Their company has been involved in the business of trading of shares and securities and the majority of their revenue has been from the trading in shares and securities.

After the above acquisition, they also started taking a keen interest in the business of creating and managing various web portals in order to foray into the e-commerce industry. They aspire to connect small businesses and empower them to grow through the use of their web interfaces and services.

Their vision is to make web interface services accessible to every small business and enable them to grow manifold.


HKG Rights Issue – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakhs)
30-Jun-2131-Mar-21Mar-2031-Mar-19
Total Assets292.77298.91208.02396.67
*Total Revenue49.17663.2293.88720.79
Total Expense59.30576.90282.34812.14
Profit After Tax-10.1370.83-188.85-90.40

Earnings per Equity Share (in Lakhs)

30-Jun-2131-Mar-21Mar-2031-Mar-19
Basic2.02-5.40-2.58
Diluted2.02-5.40-2.58

The revenue from operation of the Company has increased from Rs 90.96 Lakhs in FY 2019-20 to Rs 663.22 Lakhs in FY 2020-21 showing an increase of 629.16%. This increase was in line with the increase in our business operations and favorable market conditions.

Our other income decreased by 100.00% from Rs 2.92 Lakhs in FY 2019-20 to Nil in FY 2020-21. This is because we did not hold any investments earning other income for the period of FY 2020-21.

HKG Rights Issue – Promoters

The Promoters of this company are:

  1. MR. YATIN BHUPENDRA SHAH
  2. HKG MONEY TECH PRIVATE LIMITED

List of Related Parties (Key Managerial Personnel)

  • Meet Paresh Shah, Managing Director
  • Hardik Manoj Shah, Executive Director
  • Deependra Vedprakash Shukla, Non-Executive Non-Independent Director
  • Advait Ramesh Koti, Non-Executive Non-Independent Director
  • Shikha Mukesh Shah, Non-Executive Independent Director
  • Hemang Hasmukhrai Shah, Non-Executive Independent Director

HKG Rights Issue Details

 ParticularsDetails of Equity Shares
Equity Shares proposed to be issuedUp to 1,75,00,000 Equity Shares
Rights EntitlementUpto 1 Equity Share for every 1 fully paid-up Equity Share
held on the Record Date
Record Date15 November 2021
Issue Price per Rights Equity SharesRs.8/-
Issue SizeUp to 1,75,00,000  Equity Shares of the face value of Rs 2 each for cash at a price of Rs [●] per Rights Equity Share up to the amount of Rs 1400 Lakhs
Equity Shares issued, subscribed, and paid up prior to the Issue1,75,00,000 Equity Shares
Equity Shares subscribed and paid-up after the IssueUp to 3,50,00,000 Equity Shares

HKG Rights Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Meeting Working Capital Requirements and
2. General Corporate Purposes.

HKG – Business Strategy

  • Variety of web products across different categories and the response to their online initiatives is commendable.
  • Focus on having continuous innovation and new technology interference development.
  • Strong emphasis on digital efficiency.
  • Technology Advance / Innovation in Real Estate Sectors.

HKG Rights Issue Lead Managers

Lead Managers
KHAMBATTA SECURITIES LIMITED
C-42, South Extension Part II,
New Delhi-110049
Tel: 011-41645051
Email: vinay@khambattasecurities.com
Investor Grievance Email:
mbcomplaints@khambattasecurities.com
Website: www.khambattasecurities.com
Contact Person: Mr. Ronak Jhaveri
Mr. Vinay Pareek
SEBI Registration No.: INM000011914

HKG Issue Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400 059.
Tel: (022) 62638200
Email: rightsissue@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Ashish Bhope
SEBI Registration No: INR000001385

HKG Issue Details

  • Statutory Auditor – M/s Mittal Agarwal & Co., Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company –Axis Bank


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    HKG Limited Rights Issue News

    News 1 – HKG Rights Issue Draft Download

    News 2 –  HKG Rights Issue Letter of Offer


    HKG Rights Issue Review FAQs

    Where to download the HKG Rights Issue letter of offer?

    This page is the perfect hub for shareholders, which wish to pursue the option of buying additional HKG Company shares. You will find a news section towards the end of the page, and the link which would redirect you to the letter of offer.

    Where to download the Application Form for HKG Rights Issue?

    Application forms of HKG Rights Issue can be obtained via multiple destinations. You can seek out the exchange or company or the registrar’s official websites. Furthermore, you may download the form, fill it up, and then choose the either online or offline mode to submit it.

    How to check HKG Rights Issue allotment date?

    They are highly oriented to provide you with end-to-end details of the HKG Rights Issue. Hence, they urge you to check out the page precisely for the allotment date. They will find a sub-section on the page, namely Rights Issue Dates, which features all necessary dates.

    What is the HKG Rights Issue price per share?

    Rights issue is generally an offer made to shareholders at a price lower than the market price. Hence, as per the offer made in the Letter of Offer, the company proposes to sell shares at Rs.8 per Equity Share through the HKG Rights Issue.

    Who is the registrar to HKG Rights Issue?

    Registrar, as chosen by HKG is BIGSHARE SERVICES PRIVATE LIMITED. You can refer to this article which furthermore contains all the details of the registrar. Scroll towards the end of the page to find the registrar’s address, contact person, and email id information.

    When the HKG Rights Issue is opening?

    They collected all the scattered data from the Letter of Offer for their readers, to make it easy for them to easily locate the required details. As per the offer stated, the HKG Rights Issue is all set to open on 25 November 2021.

    When the HKG Rights Issue is closing?

    While the offer would open on 25 November 2021, it is most likely scheduled to close on 10 December 2021. This would be the last day you can bid for the shares, being an eligible shareholder. Check the article for more insights on the HKG Rights Issue.

    What is the HKG Issue size?

    HKG Rights Issue is a proposal to raise 1,75,00,000 Equity shares, aggregating to Rs 1400 Lakhs, from the existing shareholders. You can furthermore refer to the topmost table of this article to check out other crucial statistics such as Minimum Lot size, record date, RE, Face value, and more.

    Who is the HKG Lead manager?

    A designated underwriter or lead manager of HKG Rights Issue is KHAMBATTA SECURITIES LIMITED. They also provide you with the information you need about the lead manager, such as an address, contact person, email address, and more. Such data is structured towards the end of the article.

    What are the important dates of the HKG Issue?

    There are a bunch of important dates regarding the HKG Rights Issue, which you need to know about. The priority should be the Record Date of 15 November 2021., which deems you eligible for investment. The rest of the dates include opening, closing, allotment, listing, and more, which are all provided in the section Rights Issue Dates.


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