₹48.48 Crores | Listing at BSE | Mon, Oct 21, 2024 - Tue, Nov 19, 2024
Arc Finance Ltd Rights Issue comprises 40.40 Cr equity shares aggregating to ₹48.48 Cr, offered at an issue price of ₹1.2 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Oct 10, 2024, with the Rights Issue being offered in the entitlement ratio of 4 : 5.
The term of payment is defined as following : The Issue Price of Rs. 1.20/- per Equity Share shall be payable at the time of Application
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 21, 2024.
The Rights Issue opens on Oct 21, 2024, and closes on Nov 19, 2024, with renunciation of Rights Entitlements permitted up to Nov 12, 2024.
The deemed date of allotment is Nov 21, 2024, following which the equity shares are expected to be credited to demat accounts on Dec 3, 2024 and listed at the BSE on Dec 3, 2024.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Arc Finance Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Oct 10, 2024
Entitlement Ratio
4 : 5
Open Date
Mon, Oct 21, 2024
Close Date
Tue, Nov 19, 2024
The Issue Price of Rs. 1.20/- per Equity Share shall be payable at the time of Application
Arc Finance Ltd's revenue increased by 34% and profit after tax (PAT) dropped by -17% 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 | 71.5 | 70.94 | 79.27 |
| Revenue | 9.24 | 6.92 | 32.59 |
| Profit After Tax | 0.27 | 0.33 | 0.28 |
| Reserves and Surplus | 0.63 | 0.56 | 0.47 |
| Amount in ₹ Crore | |||
ARC Finance Limited was founded in 1982. The company was initially incorporated as ARC Modellors & Services Limited.
The company offers loans to individuals and organizations, focusing on credit risk assessment and repayment management. They also invest in securities to generate returns while effectively managing market risks and optimizing portfolios.
The company's main purpose is trading and distributing various products, including agricultural goods, industrial items, and consumer goods. They provide hire purchase, finance, and leasing services for industrial and office equipment and investment in financial instruments. It also acquires, manages, and deals in real and personal property, including land and various assets, and develops resources for commercial and residential projects.
The Company proposes to utilize the net proceeds from the issue towards funding the following objects:
[Dilip Davda] The company is engaged in the financial services and investment in securities market. It posted minuscule financial performance, but the super profits for Q1 of FY25 ended on June 30, 2024 appears to be the window dressing for asking valuations. More than Rs. 90 cr. post RI equity base indicates its servicing related issues. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
ARC Finance Rights Issue 2024 got oversubscribed by 1.1 times by the end of the bidding period with total bid quantity received by BSE of 44,46,98,041 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Nov 19 2024 17:00:00 | 44,46,98,041 | 1.10x |
Arc Finance Ltd
18, Rabindra Sarani
Poddar Court Gate No.4,
4th Floor, Room No. 3, Kolkata, 700001
Kolkata, West Bengal, 700001
Skyline Financial Services Pvt.Ltd.
The ARC Finance Rights Issue 2024 opens on Mon, Oct 21, 2024, and closes on Tue, Nov 19, 2024.
ARC Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Oct 21, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Nov 12, 2024 |
| Issue Opening Date | Mon, Oct 21, 2024 |
| Issue Closing Date | Tue, Nov 19, 2024 |
| Date of Allotment (on or about) | Thu, Nov 21, 2024 |
| Date of Credit (on or about) | Tue, Dec 3, 2024 |
| Date of Listing (on or about) | Tue, Dec 3, 2024 |
You can apply for ARC Finance Rights Issue 2024 in two ways:
Steps to apply for ARC Finance Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for ARC Finance Rights Issue 2024 using Registrar's website (R-WAP)
