Chittorgarh.com Logo
Loading...

Banas Finance Limited Rights Issue (Banas Finance Rights Issue 2022) Detail

Jul 5, 2022 - Jul 19, 2022
Banas Finance Limited Logo

Banas Finance Limited is a Non-Banking Finance Company. The company is engaged in the business of purchasing, leasing, factoring, financing hire-purchase, and leasing all kinds of plants and machinery, motor vehicles, motor boats, trawlers, launches, ships, vessels, helicopters, aircraft, automobiles and computers.

Banas Finance Rights Issue 2022 Detail

Issue Open Jul 5, 2022 - Jul 19, 2022
Security Name Banas Finance Limited
Issue Size (Shares) 2.46 Crores
Issue Size (Amount) ₹49.25 Crores
Issue Price ₹20 per share
Face Value ₹10 per share
Minimum Lot size 1 per share
Market Lot 1 per share
Listing At BSE
Terms of Payment

The entire amount of the Issue Price of Rs 20 per Rights Equity Share shall be payable at the time of Application.

Entitlement 24 Rights Equity Shares for every 25 fully paid-up Equity Shares held on the Record Date

Banas Finance Rights Issue 2022 Issue Timetable

Bid/Offer Opens On Jul 5, 2022
Bid/Offer Closes On Jul 19, 2022
Record Date Jun 24, 2022
Deemed Date of Allotment Jul 28, 2022
Renunciation of Rights Entitlements Jul 14, 2022

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs.in Lakhs)
  31-Mar-22 31-Mar-21
Total Assets 18,808.10 10,426.92
Total Income 10,094.86 1,446.99
Profit After Tax 6,917.79 1,165.91

Objects of the Issue:

The intended use of the Net Proceeds of the Issue by the company is set forth below:

1. Towards working capital requirements.

2. Investment in the Associate, Tilak Ventures Limited for augmentation of funding requirements for its business activities.

3. General Corporate Purposes.

Banas Finance Rights Issue 2022 Documents

Banas Finance Rights Issue 2022 Rating

4
2.5
Rating:Rated 2.5 stars
Vote Here ...

Banas Finance Rights Issue 2022 Reviews

Company Contact Information

Banas Finance Limited
E-109, Crystal Plaza,
New Link Road, Opp. Infinity Mall,
Andheri (West), Mumbai – 400053

Phone: 9152096140/41
Email: banasfin@gmail.com
Website: https://banasfinance.wordpress.com/

Banas Finance Rights Issue 2022 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: http://www.purvashare.com

Banas Finance Rights Issue 2022 Lead Manager(s)


Comments

Add a public comment...