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Right Issue Status: Closed [12th Dec 2022 to 26th Dec 2022]
SMC Credits Limited offers Right Issue size of Rs 15.03 Cr. Opening subscription from 12 Dec 2022 to 19 Dec 2022. The company issues 03 right equity shares for every 02 equity shares held on the record date of, 25 Nov 2022. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs.10 per share. Stay updated with us to know more about the SMC Credits Limited Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.
The Net Proceeds from the Issue are proposed to be utilised by the Company for the following objects:
1. Augment of our capital base; and
2. General corporate purpose
| SMC Credits Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.50 Cr Shares |
| Right Issue Issue Size (Amount) | ₹15.03 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹10 per share |
| Right Issue Record Date | 25th Nov 2022 |
| Right Issue Entitlement | 3 Equity Shares for every 2 Equity Shares held on the Record Date |
| Right Issue Terms of payment | Full amount of the Issue Price of Rs 10 per Equity Share On application. |
| Listing At | BSE |
| BSE Code | 532138 |
| NSE Code |
In this section we have covered all important dates related to SMC Credits 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 Dec 2022 |
| Right Issue Issue Close Date | 26th Dec 2022 |
| Basis of Allotment Finalisation Date* | |
| Refunds Initiation* | 14th Dec 2022 |
| Credit of Shares to Demat Account* | |
| Right Issue Listing Date* |
* - Tentative Dates
Zerodha Trade@20
SMC Credits Limited Incorporated In 1992, At present The Company is engaged in the business of Non-banking financial activities, duly registered with the Reserve Bank of India. The Company is not accepting public deposits. This Ltd is engaged in catering to the financial services to its customers directly through their own Compan. This SMC Credit has Investment in Shares & Loans and Advances to corporate entities and source of Income includes Dividend on Investments, Interest on Loans and Profit from Share Trading.
The company business broadly involves following processes of Customer Origination, Customer Evaluation, Credit Appraisal and approval, Loan Disbursement and Loan administration and monitoring. This Company is promoted by Focal Leasing and Credits Limited. As an NBFC they involved in providing financial services and not accepting any public deposits.
SMC Credits's net-worth as on September 30, 2022 is Rs. 4,930.74 Lakhs and March 31, 2022 was INR 4,890.17 Lakhs, compared to INR 4,631.09 Lakhs for year ending March 31, 2021.
Past performance and financial results of SMC Credits.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 512.33 | 5.16 | 4.5 |
| 31-Mar-22 | 522.51 | 5.24 | 2.59 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
SMC Credits Right Issue Offer Document (Letter of Offer) >>Document
SMC Credits Right Issue Offer Document (Letter of Offer) >>SMC Credits Right Issue Red Herring Prospectus is not yet available.
SMC Credits Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
SMC Credits Right Issue Online Application (Registrar & Transfer Agent) >>SMC Credits Right Issue RTA information is not yet available.
Last Updated on 2023-02-14T23:30:57+00:00
