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Banas Finance Ltd. Rights Issue (Banas Finance Rights Issue 2024) Detail

Banas Finance Ltd. was founded in 1983 and is a non-banking finance company.

The company is engaged in the purchase, leasing, factoring, installment financing and leasing of all types of machinery and equipment, motor vehicles, motorboats, trawlers, launches, ships, vessels, helicopters, aircraft, motor vehicles, computers and other equipment.

Banas Finance Rights Issue 2024 Detail

Issue Open
Security Name Banas Finance Ltd.
Issue Size (Shares) 48,046,232
Issue Size (Amount) ₹48.05 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The Issue Price of Rs. 10/- per Rights Equity Share shall be payable at the time of application.

Entitlement 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

Banas Finance Rights Issue 2024 Issue Timetable

Last Date to buy sharesApril 25, 2024
Record Date April 26, 2024
Credit of Rights Entitlements
Bid/Offer Opens On
Renunciation of Rights Entitlements
Bid/Offer Closes On
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

Banas Finance Ltd. Financial Information (Restated Consolidated)

Banas Finance Ltd.'s revenue decreased by -79.29% and profit after tax (PAT) dropped by -178.95% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets159.35188.08
Revenue20.88100.8214.47
Profit After Tax-54.7669.3711.22
Amount in ₹ Crore

Banas Finance Rights Issue 2024 Documents

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Company Contact Information

Banas Finance Ltd.
E-109, Crystal Plaza,
New Link Road,
Opp. Infinity Mall, Andheri (W) - 400 053

Phone: +9152096140/41
Email: banasfin@gmail.com
Website: http://www.banasfinance.wordpress.com/

Banas Finance Rights Issue 2024 Registrar

Banas Finance Rights Issue 2024 Lead Manager(s)

Find Banas Finance Rights Issue 2024 Latest Update

Banas Finance Rights Issue 2024 FAQs

The Banas Finance Rights Issue 2024 open and close dates are not available as of now.

Sorry the Banas Finance Rights Issue 2024 timelines are not available at this time.

Banas Finance Rights Issue 2024 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (April 26, 2024).

The record date for the Banas Finance Rights Issue 2024 is April 26, 2024.

The issue size of Banas Finance Rights Issue 2024 is of 48,046,232 equity shares at ₹10 per share aggregating upto ₹48.05 Crores.

The Letter of Offer for Banas Finance Rights Issue 2024 can be download here.

You can apply for Banas Finance Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Banas Finance Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Banas Finance Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Banas Finance Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

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 Banas Finance Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Banas Finance Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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