₹50.75 Crores | Listing at BSE | Tue, Feb 1, 2022 - Tue, Feb 15, 2022
Choice International Limited Rights Issue comprises 0.9951 Cr equity shares aggregating to ₹50.75 Cr, offered at an issue price of ₹51 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Jan 20, 2022.
The term of payment is defined as following : The entire amount of the issue price of ₹ 51/- per rights equity share shall be payable at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 24, 2022.
The Rights Issue opens on Feb 1, 2022, and closes on Feb 15, 2022, with renunciation of Rights Entitlements permitted up to Feb 10, 2022.
The deemed date of allotment is Feb 24, 2022, following which the equity shares are expected to be credited to demat accounts on Feb 28, 2022 and listed at the BSE on Mar 1, 2022.
Saffron Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Choice International Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Jan 20, 2022
Entitlement Ratio
:
Open Date
Tue, Feb 1, 2022
Close Date
Tue, Feb 15, 2022
| 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 | |
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:
[Dilip Davda] The company has posted growth in its financial performance for the reported periods. However, it skipped dividends for these financial years. Its price movement makes this RI lucratively priced bet. One may consider an investment with a long term perspective. Read detail review...
Choice International Limited
Shree Shakambari Corporate Park,
156,158, Chakrovarty Ashok Society, J.B. Nagar,
Andheri East, Mumbai- 400099, Maharashtra
Andheri, Maharashtra, 400099
The Choice International Rights Issue opens on Tue, Feb 1, 2022, and closes on Tue, Feb 15, 2022.
Choice International Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Thu, Jan 27, 2022 |
| Last Date for renunciation of Rights Entitlements | Thu, Feb 10, 2022 |
| Issue Opening Date | Tue, Feb 1, 2022 |
| Issue Closing Date | Tue, Feb 15, 2022 |
| Date of Allotment (on or about) | Thu, Feb 24, 2022 |
| Date of Credit (on or about) | Mon, Feb 28, 2022 |
| Date of Listing (on or about) | Tue, Mar 1, 2022 |
You can apply for Choice International Rights Issue in two ways:
Steps to apply for Choice International Rights Issue using Net Banking (ASBA)
Steps to apply for Choice International Rights Issue using Registrar's website (R-WAP)
