₹30.29 Crores | Listing at BSE | Fri, Dec 27, 2024 - Tue, Jan 7, 2025
Aastamangalam Finance Limited Rights Issue comprises 0.7128 Cr equity shares aggregating to ₹30.29 Cr, offered at an issue price of ₹42.5 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Dec 13, 2024, with the Rights Issue being offered in the entitlement ratio of 8 : 10.
The term of payment is defined as following : The full amount of the Issue Price Rs 42.50/- will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 13, 2025.
The Rights Issue opens on Dec 27, 2024, and closes on Jan 7, 2025, with renunciation of Rights Entitlements permitted up to Dec 31, 2024.
The deemed date of allotment is Jan 13, 2025, following which the equity shares are expected to be credited to demat accounts on Jan 21, 2025 and listed at the BSE on Jan 23, 2025.
Integrated Registry Management Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Aastamangalam Finance Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 13, 2024
Entitlement Ratio
8 : 10
Open Date
Fri, Dec 27, 2024
Close Date
Tue, Jan 7, 2025
The full amount of the Issue Price Rs 42.50/- will be payable on application.
Aastamangalam Finance Limited's revenue increased by 109% and profit after tax (PAT) rose by 148% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 80.56 | 60.61 | 14.63 |
| Revenue | 7.03 | 3.36 | 1.26 |
| Profit After Tax | 3.6 | 1.45 | 0.12 |
| Net Worth | 37.68 | 23.58 | 14.1 |
| Reserves and Surplus | 28.77 | 11.28 | |
| Total Borrowing | 0.4 | 0.36 | |
| Amount in ₹ Crore | |||
Incorporated in 1988, Aastamangalam Finance Limited is a non-banking finance company registered with RBI.
The Company's business model is of short term and long-term financing to both corporate and non-corporate firms .
As on March 31, 2024, The Company had 3 full time employees.
The Company intends to utilise the net proceeds from the Issue towards the funding of the following objects:
[Dilip Davda] The company is engaged in financial service business financing short/long-term loans. It has posted super earnings for the reported periods on a minuscule financial performance. Promoter’s holding is just around 27.60%. Counter is well operated by vested interests. Based on its market trends, the issue is aggressively priced. There is no harm in skipping this thinly traded counter’s pricey bet. Read detail review...
Aastamangalam Finance Rights Issue 2024 got subscribed by 0.94 times by the end of the bidding period with total bid quantity received by BSE of 66,97,046 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Jan 07 2025 17:00:00 | 66,97,046 | 0.94x |
Aastamangalam Finance Limited
No.51,
Hunters Road,
Choolai, Chennai, 600112
Chennai, Tamil Nadu, 600112
Integrated Registry Management Services Pvt.Ltd.
The Aastamangalam Finance Rights Issue 2024 opens on Fri, Dec 27, 2024, and closes on Tue, Jan 7, 2025.
Aastamangalam Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Dec 26, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Dec 31, 2024 |
| Issue Opening Date | Fri, Dec 27, 2024 |
| Issue Closing Date | Tue, Jan 7, 2025 |
| Date of Allotment (on or about) | Mon, Jan 13, 2025 |
| Date of Credit (on or about) | Tue, Jan 21, 2025 |
| Date of Listing (on or about) | Thu, Jan 23, 2025 |
You can apply for Aastamangalam Finance Rights Issue 2024 in two ways:
Steps to apply for Aastamangalam Finance Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Aastamangalam Finance Rights Issue 2024 using Registrar's website (R-WAP)
