₹297.54 Crores | Listing at BSE, NSE | Wed, Jan 8, 2025 - Tue, Jan 28, 2025
Dhanlaxmi Bank Limited Rights Issue comprises 14.17 Cr equity shares aggregating to ₹297.54 Cr, offered at an issue price of ₹21 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Dec 27, 2024, with the Rights Issue being offered in the entitlement ratio of 14 : 25.
The term of payment is defined as following : The full amount of the Issue Price being Rs. 21.00 will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 4, 2025.
The Rights Issue opens on Jan 8, 2025, and closes on Jan 28, 2025, with renunciation of Rights Entitlements permitted up to Jan 23, 2025.
The deemed date of allotment is Feb 4, 2025, following which the equity shares are expected to be credited to demat accounts on Feb 5, 2025 and listed at the NSE and the BSE on Feb 10, 2025.
BOB Capital Markets 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 Dhanlaxmi Bank Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 27, 2024
Entitlement Ratio
14 : 25
Open Date
Wed, Jan 8, 2025
Close Date
Tue, Jan 28, 2025
The full amount of the Issue Price being Rs. 21.00 will be payable on application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 15,961.89 | 15,132.13 | 13,795.76 |
| Revenue | 1,359.55 | 1,145.75 | 1,085.76 |
| Profit After Tax | -7,30,974.6 | -776.42 | -800.84 |
| Net Worth | 810.9 | 722.82 | |
| Reserves and Surplus | 776.75 | 708.14 | 646.99 |
| Amount in ₹ Crore | |||
Incorporated in 1927, Dhanlaxmi Bank Limited is an Indian bank offering various banking and financial services.
The company offers a wide range of products and services for individuals, non-individuals, and corporate customers, including loans, deposits, working capital finance, and support for priority sectors like agriculture and education.
As of September 30, 2024, the company operates 560 customer outlets, including 17 business correspondents, 261 branches, and 282 ATMs across 14 states and two union territories.
As part of retail banking, the company offers personal loans including home loans, gold loans, vehicle loans, education loans, loan against property, lease rental discounting, and business loans to retail customers.
As of September 30, 2024, the company had a total of 1,724 employees, including 1,719 regular employees and 5 contractual employees.
The company intends to use the net proceeds from the issue as follows:
[Dilip Davda] This is a scheduled bank having a standing of over 97 years. It marked a setback and still has carried forward losses that it keeping it away from dividend distribution, despite reporting profits. Based on its recent financial performance, the RI appears fully priced. RI is at a discount of around 27% based on its last traded price of Rs. 28.79. Well-informed investors may park funds for medium to long term. Read detail review...
Dhanlaxmi Bank Rights Issue 2024 got oversubscribed by 1.64 times by the end of the bidding period with total bid quantity received by BSE and NSE of 23,27,21,994 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Jan 28 2025 17:00:00 | 21,16,34,729 | 2,10,87,265 | 23,27,21,994 | 1.64x |
Dhanlaxmi Bank Limited
Dhanlaxmi Building
Naickanal
Thrissur-680001
Thrissur, Kerala, 680001
The Dhanlaxmi Bank Rights Issue 2024 opens on Wed, Jan 8, 2025, and closes on Tue, Jan 28, 2025.
Dhanlaxmi Bank Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Tue, Jan 7, 2025 |
| Last Date for renunciation of Rights Entitlements | Thu, Jan 23, 2025 |
| Issue Opening Date | Wed, Jan 8, 2025 |
| Issue Closing Date | Tue, Jan 28, 2025 |
| Date of Allotment (on or about) | Tue, Feb 4, 2025 |
| Date of Credit (on or about) | Wed, Feb 5, 2025 |
| Date of Listing (on or about) | Mon, Feb 10, 2025 |
You can apply for Dhanlaxmi Bank Rights Issue 2024 in two ways:
Steps to apply for Dhanlaxmi Bank Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Dhanlaxmi Bank Rights Issue 2024 using Registrar's website (R-WAP)
