• The company is an RBI registered NBFC engaged in providing financial services.
• It posted minuscule financial performances for the last two fiscals.
• Based on its working, the RI is priced aggressively.
• Only well-informed/cash surplus investors may park moderate funds for medium term.
PREFACE:
The company is coming out with its Rights Issue for which is has fixed a record date as June 18, 2026, and the offer document is dated June 18, 2026, but the offer document with designated exchanges were uploaded only on June 25, 2026. Such type of things is seen quite often.
ABOUT COMPANY:
Oasis Securities Ltd., (OSL) is an RBI registered NBFC offering financial services. It is engaged in the business of providing financial and lending services in accordance with the applicable regulations prescribed by the Reserve Bank of India (RBI). The Company focuses on delivering reliable and structured financial solutions to individuals and businesses.
The Company’s core business activities include providing various types of loans such as consumer loans, secured loans, and other asset-backed financial facilities. These offerings are designed to meet diverse financial requirements, including personal consumption needs and business funding. OSL follows a prudent and disciplined lending approach with strong emphasis on credit appraisal, risk assessment, and portfolio diversification. The Company aims to maintain a healthy and balanced loan portfolio by carefully evaluating borrower profiles and collateral security.
The Company operates under a robust corporate governance framework, with a duly constituted Board of Directors and committees ensuring transparency, accountability, and adherence to statutory and regulatory requirements. It complies with all applicable guidelines issued by the RBI and other authorities. The Company has witnessed a change in management pursuant to regulatory approvals and completion of an open offer. The present management is focused on strengthening operational efficiency, enhancing internal systems, and building a sustainable business model.
Post the proposed Rights Issue, the Company intends to further strengthen its business by primarily focusing on secured lending. It plans to offer secured consumer loans and other asset-backed financial products supported by tangible collateral. The offer document is silent on its employees’ strength data.
ISSUE DETAILS:
The company is coming out with its Rights Issue (RI) of 27750000 equity shares of Re. 1 each at a fixed price of Rs. 10 per share to mobilize Rs. 27.75 cr. The RI opens for subscription on June 29, 2026, and will close on July 10, 2026. The company is offering RI in the ratio of 3 for 2 to its eligible stakeholders as of the record date of June 18, 2026. The company is asking for full application money for number of shares applied. Post allotment, RI shares will be listed on BSE. The company is spending Rs. 0.50 cr. for this RI process, from the net proceeds, it will utilize Rs. 25.00 cr. for augmenting its capital base, and Rs. 2.25 cr. for general corporate purposes.
The RI is solely lead managed by the company itself., Cameo Corporate Services Ltd. is the registrar to the issue. Satellite Corporate Services Pvt. Ltd. is the RTA to the company.
Post-RI, company’s current paid-up equity capital of Rs. 1.85 cr. will stand enhanced to Rs. 4.63 cr. Based on the RI pricing, the company is looking for a market cap of Rs. 46.25 cr.
FINANCIAL PERFORMANCE:
On the financial performance front, for the last two fiscals, the company has posted total income / net profit, of Rs. 1.67 cr. / Rs. 0.87 cr. (FY25), Rs. 2.31 cr. / Rs 1.02 cr. (FY26). Its margins may not sustain going forward, as it is operating in a highly competitive and fragmented segment.
DIVIDEND POLICY:
The company has not paid any dividends for the reported periods of the offer document. It will adopt a prudent dividend policy, based on its financial performance and future prospects. The offer document is silent on its dividend policy.
SCRIP PERFORMANCE: BASED ON BSE WEBSITE DATA: SCRIP CODE: 512489 (FV Re. 1).
The scrip last closed on cum-right basis at Rs. 15.29 on June 17, 2026, and opened on an ex-right basis at Rs. 11.52 on June 18, 2026. Since then, it has marked a high/low of Rs. 12.75 / Rs. 11.36. The scrip last closed at Rs. 11.65 as of June 25, 2026. For the last 52 weeks’ it has posted a high/low of Rs. 22.89 / Rs. 7.80. The counter is currently under ESM: Stage 1.
The promoters’ holding has been NIL for the last two quarters ended on March 31, 2026. It was 70.79% for quarter ended September 30, 2025.The counter is well maintained above the RI price to tempt investors.
Review By Dilip Davda on June 28, 2026
Dilip Davda is a veteran financial journalist associated with the Indian stock market since 1978. He has been contributing to print and electronic media on capital markets, insurance, and finance since 1985.
He is widely recognized for reviewing public issues and non-convertible debentures (NCDs) in the primary market. Drawing on over three decades of market experience and close interaction with merchant bankers, his reviews focus on detailed fundamental and financial analysis of companies, with a special emphasis on SME public issues.
Dilip Davda
SEBI Registered Research Analyst – Mumbai
Registration No.: INH000003127 (Perpetual)
Email: dilip_davda@rediffmail.com
Disclaimer: The information provided herein is solely for educational and informational purposes and does not constitute an offer, solicitation, or recommendation to buy or sell any securities. Readers are advised to consult a qualified financial advisor before making any investment decisions. Investments in the securities market are subject to market risks. The author does not intend to invest in the securities discussed.
