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Banas Finance Right Issue Details 2022, Entitlement, Record Date,

Right Issue Status: Closed [5th Jul 2022 to 19th Jul 2022]

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Banas Finance Right Issue Detail

Banas Finance Right Issue Rs. 49.25 Cr opens for subscription from 5 July to 19 July 2022. The company issues 24 rights equity shares for every 25 fully paid-up equity shares held on the record date, 24 June 2022. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 20 per share. The full amount of Rs. 20 per rights equity share is payable on the application. Stay updated with us to know more about the Banas Finance Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.

Banas Finance Right Issue Objective

The key aim to utilize the proceeds from the right issue is as follows;

  1. Meet working capital requirements.
  2. Investment in associates, tilak ventures Ltd to augment funding requirements.
  3. General corporate purposes.

Banas Finance Right Issue Details

Banas Finance Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 2.46 Cr Eq Shares
Right Issue Issue Size (Amount) ₹49.25 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹20 per share
Right Issue Record Date 24th Jun 2022
Right Issue Entitlement 24 Rights Equity Shares for every 25 fully paid-up
Equity Shares held on the Record Date
Right Issue Terms of payment The full amount of the Rs 20 per Rights Equity Share
is payable at the time of Application.

Listing At BSE
BSE Code 509053
NSE Code

Banas Finance Right Issue Dates

In this section we have covered all important dates related to Banas Finance Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.

Banas Finance Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 5th Jul 2022
Right Issue Issue Close Date 19th Jul 2022
Basis of Allotment Finalisation Date* 27th Jul 2022
Refunds Initiation* 28th Jul 2022
Credit of Shares to Demat Account* 1st Aug 2022
Right Issue Listing Date* 2nd Aug 2022

* - Tentative Dates

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About Company - Banas Finance

Banas Finance Limited is engaged in purchasing, leasing, factoring, financing, and leasing of all kinds of plants and machinery, motor vehicles, trawlers, launches, ships, vessels, helicopters, automobiles, aircraft, etc. Thus, it is an NBFC that core business activities are to grant loans and advances including corporate and non-corporate sector and retail customers.

Banas Finance Right Issue Strengths

Banas Finance Financials

Past performance and financial results of Banas Finance.

Banas Finance Financials (₹ in Lakh) 31-Mar-2022 31-Mar-2021
Total Assets ₹18,808.10 ₹10,426.92
Total Income ₹10,094.86 ₹1,446.99
Net Profit/Loss ₹6,917.79 ₹1,165.91

Company Address

Banas Finance Limited
E-109, Crystal Plaza, New Link Road, Andheri (West)
Mumbai,Maharashtra-400053
India
Website: http://www.banasfinance.wordpress.com/
Phone: +91-9152096140/41
Email: [email protected]

Registrar

Purva Sharegistry India Pvt Ltd
9, Shiv Shakti Industrial Estate,
JR Borica Marg,
Lower Parel (East), Mumbai - 400 011
Website: http://www.purvashare.com
Phone: +91-022-23018261/ 23016761
Email: [email protected]

Lead Manager

  1. CapitalSquare Advisors Pvt. Ltd.

Banas Finance Right Issue Offer Document (Letter of Offer) >>Document

Banas Finance Right Issue Online Application (Registrar & Transfer Agent) >>Banas Finance Right Issue RTA information is not yet available.

Banas Finance Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Banas Finance? Should I apply in Banas Finance Right Issue?

Last Updated on 2022-07-02T10:16:55+00:00


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