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Rights Issue Status: Open [4th Oct 2024 to 11th Oct 2024]
Purple Finance Limited is offering a rights issue of Rs 44.82 Cr. The subscription period for this rights issue will be from 04 Oct 2024 to 11 Oct 2024. The company issues entitlement of 01 Rights equity shares for every fully paid-up 03 equity shares held on the record date of 26 Sep 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 40 per share.
Stay connected with us to more about Purple Finance Limited Right Issue issue size, right issue Details 2024 including entitlement, terms of payment, and more.
The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
| Purple Finance Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 1.12 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹44.82 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹40 per share |
| Rights Issue Record Date | 26th Sep 2024 |
| Rights Issue Entitlement | 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | All money payable at the time of Application |
| Listing At | BSE |
| BSE Code | 544191 |
| NSE Code |
In this section we have covered all important dates related to Purple Finance Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 4th Oct 2024 |
| Rights Issue Issue Close Date | 11th Oct 2024 |
| Basis of Allotment Finalisation Date* | 18th Oct 2024 |
| Refunds Initiation* | 8th Oct 2024 |
| Credit of Shares to Demat Account* | 22nd Oct 2024 |
| Rights Issue Listing Date* | 23rd Oct 2024 |
* - Tentative Dates
Zerodha Trade@20
Purple Finance Limited is a non-banking finance company (NBFC) incorporated in 1993. It is registered with the Reserve Bank of India and focuses on providing secured loans to Micro, Small and Medium Enterprises (MSMEs) in Tier II, III and IV cities. The company started lending in 2013 and transformed itself into a digitally focused MSME lender in 2022 under the leadership of Amitabh Chaturvedi and five other professionals with extensive experience in the financial sector.
Purple Finance aims to support small businesses by offering loans between 3 to 30 lakhs secured against residential or commercial properties. The company relies heavily on technology and ensures efficient loan disbursement processes. According to recent reports, the company has disbursed loans worth around USD 45 million to about 800 customers.
Past performance and financial results of Purple Finance .
Purple Finance Ltd's revenue increased by 73% and profit after tax (PAT) dropped by -20% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 73.87 | 58.49 | 16.97 | |||||||||||||||||||||||||||
| Revenue | 4.44 | 2.56 | -3.11 | |||||||||||||||||||||||||||
| Profit After Tax | -7.61 | -6.33 | -7.37 | |||||||||||||||||||||||||||
| Net Worth | 48.33 | 17.3 | 16.02 | |||||||||||||||||||||||||||
| Total Borrowing | 22.13 | 0.3 | 0.4 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Purple Finance Rights Issue Offer Document (Letter of Offer) >>Document
Purple Finance Rights Issue Offer Document (Letter of Offer) >>Purple Finance Rights Issue Red Herring Prospectus is not yet available.
Purple Finance Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Purple Finance Rights Issue Online Application (Registrar & Transfer Agent) >>Purple Finance Rights Issue RTA information is not yet available.
Last Updated on 2024-10-05T05:32:46+00:00
