₹7.39 Crores | Listing at BSE | Mon, Jan 3, 2022 - Mon, Jan 17, 2022
B.N. Rathi Securities Limited Rights Issue comprises 0.3360 Cr equity shares aggregating to ₹7.39 Cr, offered at an issue price of ₹22 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Dec 17, 2021.
As per the terms of payment, ₹22 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 30, 2021.
The Rights Issue opens on Jan 3, 2022, and closes on Jan 17, 2022, with renunciation of Rights Entitlements permitted up to Jan 11, 2022.
The deemed date of allotment is Jan 21, 2022, following which the equity shares are expected to be credited to demat accounts on Jan 24, 2022 and listed on the BSE on Jan 25, 2022.
Bajaj Capital Ltd. is the Lead Manager to the issue and Kfin Technologies Ltd. is the Registrar to the Issue.
Investors are advised to refer to the B.N. Rathi Securities Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 17, 2021
Entitlement Ratio
:
Open Date
Mon, Jan 3, 2022
Close Date
Mon, Jan 17, 2022
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 1,145.07 | 584.35 | |
| Total Income | 323.12 | 255.33 | |
| Profit After Tax | 34.53 | 17.45 | |
Based out of Telangana, B.N. Rathi Securities Limited is a financial services company that offers financial products and services to customers. The company provides innovative product offerings including paperless account opening, advanced technological solutions, robo-advisory services, etc. The company's financial services include: (i) Equity Brokerage, (ii) Depository Services, (iii) Currency Trading, (iv) Commodities Brokerage.
As of September 30, 2021, the company had 4 branches and 400 business associates across the states of Telangana, Andhra Pradesh, Tamil Nadu, Maharashtra, Rajasthan, and Gujarat having over 45,803 retail clients.
The Proceeds from the Issue will be utilized towards funding of the following objects:
[Dilip Davda] BNRSL has posted steady growth in its financial performance and is a dividend-paying company. It is a small player in the financial services segment. Investors may consider an investment with a long term perspective. Read detail review...
B.N. Rathi Securities Limited
6-3-652, Fourth Floor,
Kautilya Amrutha Estates,
Somajiguda Hyderabad Telengana, 500082 India
Hyderabad, Telangana, 500082
The BN Rathi Rights Issue opens on Mon, Jan 3, 2022, and closes on Mon, Jan 17, 2022.
BN Rathi Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Thu, Dec 30, 2021 |
| Last Date for renunciation of Rights Entitlements | Tue, Jan 11, 2022 |
| Issue Opening Date | Mon, Jan 3, 2022 |
| Issue Closing Date | Mon, Jan 17, 2022 |
| Date of Allotment (on or about) | Fri, Jan 21, 2022 |
| Date of Credit (on or about) | Mon, Jan 24, 2022 |
| Date of Listing (on or about) | Tue, Jan 25, 2022 |
You can apply for BN Rathi Rights Issue in two ways:
Steps to apply for BN Rathi Rights Issue using Net Banking (ASBA)
Steps to apply for BN Rathi Rights Issue using Registrar's website (R-WAP)
