₹45.08 Crores | Listing at BSE | Tue, Dec 10, 2024 - Mon, Dec 30, 2024
Enbee Trade & Finance Ltd Rights Issue comprises 3.47 Cr equity shares aggregating to ₹45.08 Cr, offered at an issue price of ₹13 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Nov 28, 2024, with the Rights Issue being offered in the entitlement ratio of 121 : 50.
The term of payment is defined as following : Amount will be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 3, 2025.
The Rights Issue opens on Dec 10, 2024, and closes on Dec 30, 2024, with renunciation of Rights Entitlements permitted up to Dec 23, 2024.
The deemed date of allotment is Jan 3, 2025, following which the equity shares are expected to be credited to demat accounts on Jan 10, 2025 and listed at the BSE on Jan 14, 2025.
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 Enbee Trade & Finance Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Nov 28, 2024
Entitlement Ratio
121 : 50
Open Date
Tue, Dec 10, 2024
Close Date
Mon, Dec 30, 2024
Amount will be payable at the time of Application.
Enbee Trade & Finance Ltd's revenue increased by 110.7% and profit after tax (PAT) rose by 1012.64% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 64.21 | 36.93 | 22.35 |
| Revenue | 10.26 | 4.87 | 3.64 |
| Profit After Tax | 1.56 | 0.14 | 0.90 |
| Net Worth | 30.38 | 10.40 | 10.25 |
| Reserves and Surplus | 16.05 | 8.80 | 8.65 |
| Total Borrowing | 31.31 | 24.90 | 10.65 |
| Amount in ₹ Crore | |||
Incorporated in July 1985, Enbee Trade & Finance Limited is a non-banking finance company that provides unsecured loans to corporate bodies and individuals.
As of June 30, 2024, the company's loan portfolio comprises Rs 7,837.55 lakhs.
Enbee Trade helps people who need financial resources. By doing this, they meet the growing demand for finance. This allows customers to take advantage of market opportunities as they arise.
The company intends to use its net proceeds:
[Dilip Davda] The company is engaged in financial services as a registered NBFC. It posted inconsistency in its bottom lines for reported periods. Boosted H1-FY25 profits raises eyebrows. This is the 2nd RI from the company since May 2023. The counter is well managed above the RI price to tempt investors. The sudden boost in its post-RI capital base may face its servicing issue. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
Enbee Trade and Finance Rights Issue 2024 got oversubscribed by 1.03 times by the end of the bidding period with total bid quantity received by BSE of 3,55,58,889 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Dec 30 2024 17:00:00 | 3,55,58,889 | 1.03x |
Enbee Trade & Finance Ltd
B4 /C5, Gods Gift Chs Ltd,
N M Joshi Marg,
Lower Parel, Mumbai – 400 013
Mumbai, Maharashtra, 400013
The Enbee Trade and Finance Rights Issue 2024 opens on Tue, Dec 10, 2024, and closes on Mon, Dec 30, 2024.
Enbee Trade and Finance Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Dec 23, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Dec 23, 2024 |
| Issue Opening Date | Tue, Dec 10, 2024 |
| Issue Closing Date | Mon, Dec 30, 2024 |
| Date of Allotment (on or about) | Fri, Jan 3, 2025 |
| Date of Credit (on or about) | Fri, Jan 10, 2025 |
| Date of Listing (on or about) | Tue, Jan 14, 2025 |
You can apply for Enbee Trade and Finance Rights Issue 2024 in two ways:
Steps to apply for Enbee Trade and Finance Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Enbee Trade and Finance Rights Issue 2024 using Registrar's website (R-WAP)
