₹48.00 Crores | Listing at BSE | Thu, May 18, 2023 - Fri, Jun 16, 2023
Enbee Trade & Finance Limited Rights Issue comprises 3.20 Cr equity shares aggregating to ₹48.00 Cr, offered at an issue price of ₹15 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is May 10, 2023, with the Rights Issue being offered in the entitlement ratio of 20 : 1.
The term of payment is defined as following : The entire amount of the Issue Price of Rs. 15 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 Jun 9, 2023.
The Rights Issue opens on May 18, 2023, and closes on Jun 16, 2023, with renunciation of Rights Entitlements permitted up to May 26, 2023.
The deemed date of allotment is Jun 9, 2023, following which the equity shares are expected to be credited to demat accounts on Jun 13, 2023 and listed at the BSE on Jun 15, 2023.
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 Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, May 10, 2023
Entitlement Ratio
20 : 1
Open Date
Thu, May 18, 2023
Close Date
Fri, Jun 16, 2023
The entire amount of the Issue Price of Rs. 15 per Rights Equity Share shall be payable at the time of Application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 10.11 | 1.96 | 0.07 | 9.02 |
| 31-Mar-22 | 22.29 | 3.64 | 0.94 | 9.97 |
| Amount in ₹ Crore | ||||
Incorporated in 1985, Enbee Trade & Finance Limited is a Non-Deposit Accepting Non-Banking Financial Company (NBFC). The company is registered with RBI to carry on the NBFC activities under Section 45IA of the Reserve Bank of India Act, 1934 bearing Registration no. 13.00691.
The company's main activities are centered on Loan activities i.e. granting of unsecured loans to body corporates and individuals. They have been offering their services for over three decades.
Enbee Trade assesses and caters to people in need of financial resources. This way they fuel the growing demand for finance and their customers can seize the opportunities presented to them by the market from time to time.
The company's standalone revenues from operations for the financial years 2022, 2021, and 2020 were Rs. 363.71 lakhs, Rs. 195.39 lakhs, and Rs. 85.95 lakhs, respectively.
The objects of the Issue are:
[Dilip Davda] The company operates in a highly competitive and fragmented segment. Its current financial data is average. Post RI, a twenty-fold jump in its paid-up capital may face servicing issues. The counter is well managed to lure investors to this fully priced RI. There is no harm in skipping it. Read detail review...
Enbee Trade & Finance Limited
B4 /C5, God’s Gift Chs Ltd,
N M Joshi Marg, Lower Parel,
Mumbai – 400 013
Mumbai, Maharashtra, 400013
The Enbee Trade & Finance Rights Issue 2023 opens on Thu, May 18, 2023, and closes on Fri, Jun 16, 2023.
Enbee Trade & Finance Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | Thu, Jun 1, 2023 |
| Last Date for renunciation of Rights Entitlements | Fri, May 26, 2023 |
| Issue Opening Date | Thu, May 18, 2023 |
| Issue Closing Date | Fri, Jun 16, 2023 |
| Date of Allotment (on or about) | Fri, Jun 9, 2023 |
| Date of Credit (on or about) | Tue, Jun 13, 2023 |
| Date of Listing (on or about) | Thu, Jun 15, 2023 |
You can apply for Enbee Trade & Finance Rights Issue 2023 in two ways:
Steps to apply for Enbee Trade & Finance Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Enbee Trade & Finance Rights Issue 2023 using Registrar's website (R-WAP)
