₹48.65 Crores | Listing at BSE, NSE | Mon, Dec 23, 2024 - Mon, Jan 6, 2025
Avonmore Capital & Management Services Limited Rights Issue comprises 4.87 Cr equity shares aggregating to ₹48.65 Cr, offered at an issue price of ₹10 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Dec 12, 2024, with the Rights Issue being offered in the entitlement ratio of 5 : 24.
The term of payment is defined as following : The full amount of the Issue Price being 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 23, 2024, and closes on Jan 6, 2025, with renunciation of Rights Entitlements permitted up to Dec 30, 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 15, 2025 and listed at the NSE and the BSE on Jan 17, 2025.
Beetal Financial & Computer Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Avonmore Capital & Management Services Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Dec 12, 2024
Entitlement Ratio
5 : 24
Open Date
Mon, Dec 23, 2024
Close Date
Mon, Jan 6, 2025
The full amount of the Issue Price being will be payable on application.
Avonmore Capital & Management Services Limited's revenue decreased by -40.88% and profit after tax (PAT) dropped by -83.52% 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 | 518.67 | 443.04 | 374.07 |
| Revenue | 126.99 | 214.80 | 87.19 |
| Profit After Tax | 20.08 | 121.86 | 40.45 |
| Net Worth | 301.58 | 278.19 | 206.25 |
| Reserves and Surplus | 277.57 | 254.19 | 181.33 |
| Total Borrowing | 14.14 | 24.07 | 12.45 |
| Amount in ₹ Crore | |||
Incorporated in 1991, Avonmore Capital & Management Services Limited (ACMS) is engaged in lending and advisory services.
The Company operates as a Non-Banking Financial Company (NBFC), primarily engaged in providing loans to both corporates and individuals. Its main sources of income include interest earned from its lending activities and dividends received from investments in various ventures, along with capital appreciation. Additionally, the Company is a registered Mutual Fund distributor with the Association of Mutual Funds in India (AMFI) and participates in the distribution of a wide range of financial products, including mutual funds, equity IPOs, tax-saving schemes, and more.
The Company's subsidiary and step-down subsidiary businesses are involved in a diverse range of activities, including investment banking, management advisory services, stockbroking, depository participation, research analysis, merchant banking, wealth management, infrastructure consultancy, and the production of green fuel, among other sectors.
Their Business Model:
The Company intends to utilise the net proceeds from the Issue towards funding of the following objects:
ACMS Rights Issue 2024 got oversubscribed by 1.88 times by the end of the bidding period with total bid quantity received by BSE and NSE of 9,14,42,732 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jan 06 2025 17:00:00 | 8,65,57,004 | 48,85,728 | 9,14,42,732 | 1.88x |
Avonmore Capital & Management Services Limited
Level-5, Grande Palladium,
175,CST Road, Off BKC Kalina,
Santacruz (E), Vidyanagari, Mumbai, 400098
Nagari, Andhra Pradesh, 400098
Beetal Financial & Computer Services Pvt.Ltd.
The ACMS Rights Issue 2024 opens on Mon, Dec 23, 2024, and closes on Mon, Jan 6, 2025.
ACMS Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Dec 19, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Dec 30, 2024 |
| Issue Opening Date | Mon, Dec 23, 2024 |
| Issue Closing Date | Mon, Jan 6, 2025 |
| Date of Allotment (on or about) | Mon, Jan 13, 2025 |
| Date of Credit (on or about) | Wed, Jan 15, 2025 |
| Date of Listing (on or about) | Fri, Jan 17, 2025 |
You can apply for ACMS Rights Issue 2024 in two ways:
Steps to apply for ACMS Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for ACMS Rights Issue 2024 using Registrar's website (R-WAP)
