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Choice International Limited Rights Issue (Choice International Rights Issue) Detail

Feb 1, 2022 - Feb 15, 2022
Choice International Limited Logo

Incorporated in 1993, Choice International operates its business through its subsidiaries and offers financial services across all platforms catering to retail and institutional clients, corporates, and state and central governments. These services are further divided into Retail services (B2C) and Institutional Services (B2B & B2G). The B2C services include Equity & commodity broking, Wealth Services, and NBFC Services, while the B2B services comprise Management consulting, Investment Banking, and government services like Infrastructure Consulting and Government Advisory.

The company's subsidiaries are:

  1. Choice Equity Broking Private Limited (Wholly owned Subsidiary) - deals in Equity, Currency & Commodity Broking.
  2. Choice Consultancy Services Private Limited (Wholly owned Subsidiary) - deals in Infrastructure Consultancy & Government Advisory.
  3. Choice Capital Advisors Private Limited (Wholly owned Subsidiary) - activities include Management Consulting & Investment Banking.
  4. Choice Finserv Private Limited (Subsidiary) - NBFC activities
  5. Choice Portfolio Management Services Private Limited (Subsidiary) - provides Portfolio Management Services.
  6. Choice Tech Lab Solutions Private Limited (Step Down Subsidiary) - IT Solutions provider
  7. Choice Wealth Private Limited (Step Down Subsidiary) - deals in Mutual Fund Distribution
  8. Choice Corporate Services Private Limited (Step Down Subsidiary) - deals in Retail Loan Distribution
  9. Choice Retail Solutions Private Limited (Step Down Subsidiary) - provides Network Platform to enhance the Number of Business associates.

Choice International Rights Issue Detail

Issue Open Feb 1, 2022 - Feb 15, 2022
Security Name Choice International Limited
Issue Size (Shares) 9,951,200
Issue Size (Amount) ₹50.75 Crores
Issue Price ₹51 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment The entire amount of the issue price of ₹ 51/- per rights equity share shall be payable at the time of application.
Entitlement 1 Equity Shares for every 4 existing share held by the eligible shareholder as on the Record date

Choice International Rights Issue Issue Timetable

Record Date Jan 20, 2022
Credit of Rights Entitlements Jan 27, 2022
Bid/Offer Opens On Feb 1, 2022
Renunciation of Rights Entitlements Feb 10, 2022
Bid/Offer Closes On Feb 15, 2022
Deemed Date of Allotment Feb 24, 2022
Credit Date Feb 28, 2022
Listing Date Mar 1, 2022

Company Financials

Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs.in Millions)
  31-Mar-21 31-Mar-20
Total Assets 6,555.87 5,028.04
Total Income 1,758.15 1,342.18
Profit After Tax 167.10 124.31

Objects of the Issue:

Investment in their material Subsidiary, Choice Finserv Private Limited for augmentation of funding requirements for its business activities.

Choice International Rights Issue Documents

Choice International Rights Issue Rating

9
3.1
Rating:Rated 3.1 stars
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Choice International Rights Issue Reviews

Company Contact Information

Choice International Limited
Shree Shakambari Corporate Park,
156,158, Chakrovarty Ashok Society, J.B. Nagar,
Andheri East, Mumbai- 400099, Maharashtra

Phone: +91 22 6707 9999
Email: karishma.shah@choiceindia.com
Website: https://choiceindia.com/

Choice International Rights Issue Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: priya@cameoindia.com
    Website: https://ipo.cameoindia.com/

Choice International Rights Issue Lead Manager(s)

Choice International Rights Issue FAQs

The Choice International Rights Issue opens on Feb 1, 2022, and closes on Feb 15, 2022.

Choice International Rights Issue Schedule

Last Date for credit of Rights EntitlementsJan 27, 2022
Last Date for renunciation of Rights EntitlementsFeb 10, 2022
Issue Opening DateFeb 1, 2022
Issue Closing DateFeb 15, 2022
Date of Allotment (on or about)Feb 24, 2022
Date of Credit (on or about)Feb 28, 2022
Date of Listing (on or about)Mar 1, 2022

Choice International Rights Issue price is set at ₹51 per share per equity share.

The eligible shareholders are being offered 1 Equity Shares for every 4 existing share held by the eligible shareholder as on the Record date (Jan 20, 2022).

The record date for the Choice International Rights Issue is Jan 20, 2022.

The issue size of Choice International Rights Issue is of 9,951,200 equity shares at ₹51 per share aggregating upto ₹50.75 Crores.

The Letter of Offer for Choice International Rights Issue can be download here.

You can apply for Choice International Rights Issue in two ways:

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

Steps to apply for Choice International Rights Issue 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 Choice International Rights Issue available on the list.
  4. Click the Apply button next to the Choice International Rights Issue.
  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 Choice International Rights Issue using Registrar's website (R-WAP)

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