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Rights Issue Status: Closed [4th Jul 2024 to 18th Jul 2024]
Srestha Finvest Limited is offering a rights issue worth Rs 48.00 Cr. The subscription for this Rights Issue is opening from 4 July to 18 July 2024..The company issues entitlement of 12 Rights equity shares for every fully paid-up 29 equity shares held on the record date is 24 June 2024. The face value of a share is Rs 02 per share and the right issue price is fixed at 02 per shere.
Stay connected with us to more about Srestha Finvest Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The Company intends to utilize the Net Proceeds from this Issue towards the following objects:
| Srestha Finvest Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 24.00 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹48.00 Cr |
| Face Value | ₹2 Per Equity Share |
| Rights Issue - Issue Price | ₹2 per share |
| Rights Issue Record Date | 24th Jun 2024 |
| Rights Issue Entitlement | 12 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | Issue Price of Rs.2/- payable on Application. |
| Listing At | BSE |
| BSE Code | 539217 |
| NSE Code |
In this section we have covered all important dates related to Srestha Finvest 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 Jul 2024 |
| Rights Issue Issue Close Date | 18th Jul 2024 |
| Basis of Allotment Finalisation Date* | 25th Jul 2024 |
| Refunds Initiation* | 12th Jul 2024 |
| Credit of Shares to Demat Account* | 1st Aug 2024 |
| Rights Issue Listing Date* | 30th Jul 2024 |
* - Tentative Dates
Zerodha Trade@20
Srestha Finvest Limited was founded in July 1985. The company is a public limited company registered with the Registrar of Companies Tamilnadu with its registered office at Chennai, Tamilnadu. The principal activity of the company is money lending against securities, movable and immovable properties, financing, installment and leasing.
The company's shares are listed on the Bombay Stock Exchange Limited and the Metropolitan Stock Exchange ltd. The Company is a non-banking financial company registered with the Reserve Bank of India as a category B NBFC company. The company does not accept deposits from the public. The company has no subsidiaries.
The lending business aims to provide specialized and holistic solutions to Indian corporates and individuals to help them build and grow their businesses. The company focuses on structured credit products backed by adequate cash flow to build a secured and high quality wholesale lending portfolio. Under the Wholesale Lending Business, it provides lending solutions for situations such as initial project finance, mezzanine finance, acquisition finance, project finance, bridge finance, promoter finance, short and long term working capital requirements, personal finance, etc.
Past performance and financial results of Srestha Finvest .
Srestha Finvest Ltd's revenue increased by 19.15% and profit after tax (PAT) dropped by -12181.73% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 91.99 | 25.97 | 46.48 |
| Revenue | 2.75 | 2.31 | 4.73 |
| Profit After Tax | -4.97 | -0.04 | -0.54 |
| Reserves and Surplus | -4.67 | 0.26 | 0.31 |
| Amount in ₹ Crore | |||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Srestha Finvest Rights Issue Offer Document (Letter of Offer) >>Document
Srestha Finvest Rights Issue Offer Document (Letter of Offer) >>Srestha Finvest Rights Issue Red Herring Prospectus is not yet available.
Srestha Finvest Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Srestha Finvest Rights Issue Online Application (Registrar & Transfer Agent) >>Srestha Finvest Rights Issue RTA information is not yet available.
Last Updated on 2024-07-21T05:32:46+00:00
