Banas Finance Rights Issue 2024 FAQ's

₹48.05 Crores | Listing at BSE | Mon, May 13, 2024 - Thu, May 30, 2024

Banas Finance Ltd. Rights Issue Date 2026 & Price FAQs

The timetable for Banas Finance Ltd. Rights Issue is as follows:

Last Date for credit of Rights EntitlementsMon, May 6, 2024
Last Date for renunciation of Rights EntitlementsFri, May 17, 2024
Issue Opening DateMon, May 13, 2024
Issue Closing DateThu, May 30, 2024
Date of Allotment (on or about)Tue, Jun 11, 2024
Date of Credit (on or about)Thu, Jun 13, 2024
Date of Listing (on or about)Fri, Jun 14, 2024

Banas Finance Rights Issue 2024 price is set at ₹10 per share. The Banas Finance Rights Issue 2024 opens on Mon, May 13, 2024, and closes on Thu, May 30, 2024, for the subscription.

The allotment of Banas Finance Rights Issue 2024 is expected to happen on or about June 11, 2024 as per the issue schedule.

Banas Finance Rights Issue 2024 is expected to list on or around June 14, 2024.

The credit of Banas Finance Rights Issue 2024 in Demat account is expected on or about June 13, 2024 as per the issue schedule.

Objects of the Issue:

The company proposes to utilize the Net Proceeds to:

1. Towards working capital requirements including:

  • Short Term and Long Term Unsecured/Secured Loans & Advances to Corporate and Non-Corporate Customers;
  • Investment and dealing in Shares & Securities, Mutual Funds, Debt Funds, Liquid Funds, G-sec, Fixed Deposits, Commodity Markets and Currency Markets.

2. General corporate purpose; and

3. To meet Issue related expenses.

It is difficult to predict the exact listing price of Banas Finance Ltd. Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Banas Finance Ltd. which could help you with questions like whether to subscribe or not. Consider reading Banas Finance Ltd. reviews and analysis from experts posted on the Rights Issue detail page.