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Right Issue Status: Upcoming [2nd May 2024 to 10th May 2024]
Savani Financial Limited offers Right Issue worth Rs 49.50 Cr . The subscription for this Rights Issue is opening from soon. The company issues entitlement of 7 Rights Equity Shares for every 1 fully paid-up equity Shares held on the record date 04 Apr 2024. The face value of a share is Rs.10 per share.
Stay connected with us to more about Savani Financial Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The Net Proceeds from the Issue are proposed to be utilised by our Company for the following objects
| Savani Financials Limited Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 2.83 Cr Shares |
| Right Issue Issue Size (Amount) | ₹49.50 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹17.5 per share |
| Right Issue Record Date | 4th Apr 2024 |
| Right Issue Entitlement | 7 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Issue Price of Rs.17.50 is to be paid as Rs.14/- per share on Application and Rs.3.50 per share on One or more subsequent Calls |
| Listing At | BSE |
| BSE Code | 511577 |
| NSE Code |
In this section we have covered all important dates related to Savani Financials Limited 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 | 2nd May 2024 |
| Right Issue Issue Close Date | 10th May 2024 |
| Basis of Allotment Finalisation Date* | 18th May 2024 |
| Refunds Initiation* | 7th May 2024 |
| Credit of Shares to Demat Account* | 22nd May 2024 |
| Right Issue Listing Date* | 24th May 2024 |
* - Tentative Dates
Zerodha Trade@20
Established in 1983, Savani Financial Limited is a medium sized non-banking financial services company exclusively engaged in the business of financial services.
The company operates in the MSME segment for credit facilities/products/solutions:
In addition, it offers customised loans for the following purposes:
Past performance and financial results of Savani Financials Limited .
Savani Financials Ltd.'s revenue decreased by -2.63% and profit after tax (PAT) dropped by -587.42% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2.14 | 2.13 | 2.19 | 2.18 |
| Revenue | 0.09 | 0.11 | 0.11 | 0.13 |
| Profit After Tax | -1.12 | -0.07 | 0.02 | 0.05 |
| Amount in ₹ Crore | ||||
The table below is live update of Right Issue bidding details from NSE and BSE.
Savani Financials Limited Right Issue Offer Document (Letter of Offer) >>Document
Savani Financials Limited Right Issue Offer Document (Letter of Offer) >>Savani Financials Limited Right Issue Red Herring Prospectus is not yet available.
Savani Financials Limited Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Savani Financials Limited Right Issue Online Application (Registrar & Transfer Agent) >>Savani Financials Limited Right Issue RTA information is not yet available.
Last Updated on 2024-05-01T05:32:45+00:00
