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Incorporated in 1984, Asit C Mehta provides advisory and consultancy services for fund mobilization, company restructuring and property rentals.
The Company is divided into four segments - Advisory and Consultancy, Investment Activities, Information Technology, and Stock Broking and Allied Services.
The services provided by the Company include retail services, institutional services, investment banking, digital marketing services, and ITeS services. The retail services consist of investment advisory and execution, financial planning, NRI Solutions, high net-worth individual solutions, and trade execution platform. The institutional services include equities, debt, and forex.
The Company also offers valuation services, such as employee stock ownership plan (ESOP) and asset valuations. Additionally, it helps companies in the banking, financial services, and insurance sectors to execute various business processes. The Company offers a variety of digital marketing campaigns.
| Issue Open | December 22, 2023 - January 4, 2024 |
| Security Name | Asit C. Mehta Financial Services Limited |
| Issue Size (Shares) | 3,293,452 |
| Issue Size (Amount) | ₹49.88 Crores |
| Issue Price | ₹137.4 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of ₹ 151.44 per Unit shall be payable on Application |
| Entitlement | 133 Rights Equity Share(s) for every 200 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | December 14, 2023 |
| Record Date | December 15, 2023 |
| Credit of Rights Entitlements | December 20, 2023 |
| Bid/Offer Opens On | December 22, 2023 |
| Renunciation of Rights Entitlements | January 1, 2024 |
| Bid/Offer Closes On | January 4, 2024 |
| Deemed Date of Allotment | January 10, 2024 |
| Credit Date | December 15, 2023 |
| Listing Date | December 17, 2023 |
Asit C. Mehta Financial Services Limited's revenue decreased by -18.56% and profit after tax (PAT) dropped by -736.4% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 15,929.18 | 17,033.62 | 15,963.42 |
| Revenue | 3,383.24 | 4,154.08 | 3,923.65 |
| Profit After Tax | -931.25 | 146.33 | 225.69 |
| Net Worth | |||
| Reserves and Surplus | 1,647.92 | 2,220.96 | 3,991.65 |
| Total Borrowing | |||
| Amount in ₹ Crore | |||
The company proposes to utilize the Net Proceeds towards funding the following Objects:
Asit C. Mehta Rights Issue 2023 got subscribed by 0.58 times by the end of the bidding period with total bid quantity received by BSE of 1,896,077 shares.
4 2.8 Rating:  Vote Here ... |
Asit C. Mehta Financial Services Limited
Pantomath Nucleus House
Saki Vihar Road
Andheri (East), Mumbai 400072.
Phone: 022 - 61325757
Email: investorgrievance@acmfsl.co.in
Website: https://www.acmfsl.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: asitcmehta.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Asit C. Mehta Rights Issue 2023 opens on December 22, 2023, and closes on January 4, 2024.
Asit C. Mehta Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | December 20, 2023 |
| Last Date for renunciation of Rights Entitlements | January 1, 2024 |
| Issue Opening Date | December 22, 2023 |
| Issue Closing Date | January 4, 2024 |
| Date of Allotment (on or about) | January 10, 2024 |
| Date of Credit (on or about) | December 15, 2023 |
| Date of Listing (on or about) | December 17, 2023 |
Asit C. Mehta Rights Issue 2023 price is set at ₹137.4 per share per equity share.
The eligible shareholders are being offered 133 Rights Equity Share(s) for every 200 fully paid-up Equity Shares held on Record Date (December 15, 2023).
The record date for the Asit C. Mehta Rights Issue 2023 is December 15, 2023.
The issue size of Asit C. Mehta Rights Issue 2023 is of 3,293,452 equity shares at ₹137.4 per share aggregating upto ₹49.88 Crores.
The Letter of Offer for Asit C. Mehta Rights Issue 2023 can be download here.
You can apply for Asit C. Mehta Rights Issue 2023 in two ways:
Steps to apply for Asit C. Mehta Rights Issue 2023 using Net Banking (ASBA)
Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.
Steps to apply for Asit C. Mehta Rights Issue 2023 using Registrar's website (R-WAP)
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