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Right Issue Status: Closed [5th Jul 2022 to 19th Jul 2022]
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.
The key aim to utilize the proceeds from the right issue is as follows;
| Banas Finance Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 2.46 Cr |
| 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 |
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.
| 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
Zerodha Trade@20
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.
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 |
The table below is live update of Right Issue bidding details from NSE and BSE.
Banas Finance Right Issue Offer Document (Letter of Offer) >>Document
Banas Finance Right Issue Offer Document (Letter of Offer) >>Banas Finance Right Issue Red Herring Prospectus is not yet available.
Banas Finance Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Banas Finance Right Issue Online Application (Registrar & Transfer Agent) >>Banas Finance Right Issue RTA information is not yet available.
Last Updated on 2022-07-02T10:16:55+00:00
