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Right Issue Status: Closed [12th Feb 2024 to 12th Mar 2024]
Mangalam Industrial Finance Limited offers Right Issue size of Rs 48.94 Cr. The subscription for this Rights Issue is opening from 12 Feb 2024 to 26 Feb 2024. The company issues entitlement of 21 Rights equity shares for every fully paid-up 163 equity shares held on the record date of 29 Jan 2024. The face value of a share is Rs.1 per share and the right issue price is fixed at Rs. 3.95 per share.
Stay connected with us to more about Mangalam Industrial Finance Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The company proposes to utilize the Net Proceeds towards funding the following Objects:
| Mangalam Industrial Finance Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 12.39 Cr Shares |
| Right Issue Issue Size (Amount) | ₹48.94 Cr |
| Face Value | ₹1 Per Equity Share |
| Right Issue - Issue Price | ₹3.95 per share |
| Right Issue Record Date | 29th Jan 2024 |
| Right Issue Entitlement | 21 Rights Equity Share(s) for every 163 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Issue Price of Rs.3.95 is payable on Application. |
| Listing At | BSE |
| BSE Code | 537800 |
| NSE Code |
In this section we have covered all important dates related to Mangalam Industrial 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.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 12th Feb 2024 |
| Right Issue Issue Close Date | 12th Mar 2024 |
| Basis of Allotment Finalisation Date* | 6th Mar 2024 |
| Refunds Initiation* | 20th Feb 2024 |
| Credit of Shares to Demat Account* | 11th Mar 2024 |
| Right Issue Listing Date* | 13th Mar 2024 |
* - Tentative Dates
Zerodha Trade@20
Mangalam Industrial Finance Limited was incorporated in 1983 with the primary aim of providing financial assistance to industrial undertakings through loans and advances to acquire critical assets such as machinery, land, buildings, and other items. The company subsequently expanded its business scope to include investment/trading in shares and securities and financing transactions, including housing finance.
In 1983, the company's objectives were further amended to encompass the manufacturing and trading agricultural products such as tobacco, jute, cotton, textiles, sugarcane, vegetable products, oilseeds, food grains, and other items. The company intended to operate in two segments, namely NBFC and agro-based industries, but it currently focuses primarily on the NBFC segment.
It is a Non-Banking Financial Company registered with the Reserve Bank of India in Kolkata, and our core focus is on providing a broad range of financial solutions. In 2021, the company's control and management changed due to the successful completion of the Open Offer by the Acquirers (Mr Venkata Ramana and others).
Past performance and financial results of Mangalam Industrial Finance .
Mangalam Industrial Finance Ltd's revenue increased by 13.84% and profit after tax (PAT) dropped by -474.62% 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 | 28.66 | 34.71 | 32.30 |
| Revenue | 1.33 | 1.17 | 2.05 |
| Profit After Tax | -5.01 | 1.34 | 0.67 |
| Net Worth | 28.34 | 33.39 | 32.05 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Mangalam Industrial Finance Right Issue Offer Document (Letter of Offer) >>Document
Mangalam Industrial Finance Right Issue Offer Document (Letter of Offer) >>Mangalam Industrial Finance Right Issue Red Herring Prospectus is not yet available.
Mangalam Industrial Finance Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Mangalam Industrial Finance Right Issue Online Application (Registrar & Transfer Agent) >>Mangalam Industrial Finance Right Issue RTA information is not yet available.
Last Updated on 2024-03-15T05:33:03+00:00
