₹48.56 Crores | Listing at BSE | Tue, Jul 25, 2023 - Mon, Aug 14, 2023
Credent Global Finance Limited Rights Issue comprises 0.3469 Cr equity shares aggregating to ₹48.56 Cr, offered at an issue price of ₹140 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jul 17, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : On Application, Investors will have to pay Rs. 140 per Rights Equity Share, which constitutes 100% of the Issue price.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 14, 2023.
The Rights Issue opens on Jul 25, 2023, and closes on Aug 14, 2023, with renunciation of Rights Entitlements permitted up to Aug 10, 2023.
The deemed date of allotment is Aug 14, 2023, following which the equity shares are expected to be credited to demat accounts on Aug 17, 2023 and listed at the BSE on Aug 21, 2023.
Beetal Financial & Computer Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Credent Global Finance Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Jul 17, 2023
Entitlement Ratio
1 : 2
Open Date
Tue, Jul 25, 2023
Close Date
Mon, Aug 14, 2023
On Application, Investors will have to pay Rs. 140 per Rights Equity Share, which constitutes 100% of the Issue price.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 7.92 | 1.90 | 1.07 |
| 31-Mar-23 | 75.80 | 19.57 | 6.74 |
| Amount in ₹ Crore | |||
Incorporated in 1991, Credent Global Finance Limited is engaged in offering financial services to the customers. They offer a wide array of services including Asset Management, Investment Banking, Real Estate, and investments.
Credent Global Finance serves to a diverse clientele involving individuals, financial institutions, and corporates.
The company is expanding its presence all over India, and also extending its operations in the UK market.
Credent Global strives at playing a crucial role in offering multiple and easy financial services to the customers under one roof. This is so that the customers do not have to rely to multiple entities for each of their financial requirements.
The Company intends to utilize the proceeds of the Issue towards the following objects:
[Dilip Davda] The company is operating in a highly competitive segment of financial services. Its financial performance for the last two fiscals is on a minuscule level. The counter is well-operated and maintained a little above or around the RI price. The issue is exorbitantly priced. Investors may skip this pricey RI offer. Read detail review...
Credent Global Finance Limited
Unit No. 609-A, 6 th Floor, One BKC,
C-Wing, G Block, Opposite Bank of Baroda,
Bandra Kurla Complex, Bandra(East), Mumbai -400051
Bandra, Maharashtra, 400051
Beetal Financial & Computer Services Pvt.Ltd.
The Credent Global Finance Rights Issue 2023 opens on Tue, Jul 25, 2023, and closes on Mon, Aug 14, 2023.
Credent Global Finance Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Mon, Jul 24, 2023 |
| Last Date for renunciation of Rights Entitlements | Thu, Aug 10, 2023 |
| Issue Opening Date | Tue, Jul 25, 2023 |
| Issue Closing Date | Mon, Aug 14, 2023 |
| Date of Allotment (on or about) | Mon, Aug 14, 2023 |
| Date of Credit (on or about) | Thu, Aug 17, 2023 |
| Date of Listing (on or about) | Mon, Aug 21, 2023 |
You can apply for Credent Global Finance Rights Issue 2023 in two ways:
Steps to apply for Credent Global Finance Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Credent Global Finance Rights Issue 2023 using Registrar's website (R-WAP)
