Savani Financials Limited Rights Issue 2024 FAQ's

₹49.50 Crores | Listing at BSE | Thu, May 2, 2024 - Fri, May 10, 2024

Savani Financials Ltd. Rights Issue Date 2026 & Price FAQs

The timetable for Savani Financials Ltd. Rights Issue is as follows:

Last Date for credit of Rights EntitlementsTue, Apr 30, 2024
Last Date for renunciation of Rights EntitlementsTue, May 7, 2024
Issue Opening DateThu, May 2, 2024
Issue Closing DateFri, May 10, 2024
Date of Allotment (on or about)Sat, May 18, 2024
Date of Credit (on or about)Wed, May 22, 2024
Date of Listing (on or about)Fri, May 24, 2024

Savani Financials Limited Rights Issue 2024 price is set at ₹17.5 per share. The Savani Financials Limited Rights Issue 2024 opens on Thu, May 2, 2024, and closes on Fri, May 10, 2024, for the subscription.

The allotment of Savani Financials Limited Rights Issue 2024 is expected to happen on or about May 18, 2024 as per the issue schedule.

Savani Financials Limited Rights Issue 2024 listing date is 2024-06-12T00:00:00.000Z.

The credit of Savani Financials Limited Rights Issue 2024 in Demat account is expected on or about May 22, 2024 as per the issue schedule.

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilised by our Company for the following objects 

  1. To augment the capital base;
  2. Repay the Unsecured loan along with interest of Rs. 1.98 lakhs to the Director post the completion of the Rights issue, a sum estimated at as of Rs. 91.98 Lakhs.
  3. General Corporate Purposes

It is difficult to predict the exact listing price of Savani Financials 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 Savani Financials Ltd. which could help you with questions like whether to subscribe or not. Consider reading Savani Financials Ltd. reviews and analysis from experts posted on the Rights Issue detail page.