₹200.00 Crores | Listing at BSE, NSE | Tue, Oct 15, 2024 - Wed, Oct 23, 2024
Geojit Financial Services Ltd Rights Issue comprises 4.00 Cr equity shares aggregating to ₹200.00 Cr, offered at an issue price of ₹50 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Oct 7, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 6.
The term of payment is defined as following : The entire amount of the Issue Price of Rs. 50 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 Nov 5, 2024.
The Rights Issue opens on Oct 15, 2024, and closes on Oct 23, 2024, with renunciation of Rights Entitlements permitted up to Oct 17, 2024.
The deemed date of allotment is Nov 5, 2024, following which the equity shares are expected to be credited to demat accounts on Nov 8, 2024 and listed at the NSE and the BSE on Nov 11, 2024.
Dam Capital Advisors Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Geojit Financial Services Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Oct 7, 2024
Entitlement Ratio
1 : 6
Open Date
Tue, Oct 15, 2024
Close Date
Wed, Oct 23, 2024
The entire amount of the Issue Price of Rs. 50 per Rights Equity Share shall be payable at the time of Application.
Geojit Financial Services Ltd's revenue increased by 39% and profit after tax (PAT) rose by 48% 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 | 2,020.29 | 1,321.28 | 1,415.5 |
| Revenue | 623.97 | 447.63 | 501.13 |
| Profit After Tax | 143.22 | 96.46 | 154.42 |
| Reserves and Surplus | 807.48 | 698.55 | 672.8 |
| Amount in ₹ Crore | |||
Geojit Financial Services Ltd is an investment services company that provides an array of services, such as the distribution of mutual funds and insurance, equity and derivatives, commodities, PMS, and financial planning.
The company's multi-channel distribution network, including branches, an online portal, dedicated customer care, and phone service, caters to all client investment needs.
As of June 30, 2024, Geojit Financial has a vast network of offices with over Rs. 1,03,350 crore Assets Under Management.
The company has strong shareholders, including BNP Paribas, Mr C.J. George, KSIDC (Kerala State Industrial Development Corporation), and Rekha Rakesh Jhunjhunwala.
The company provides a wide range of trading and investment products and solutions, along with guidance from certified financial advisors, to help clients achieve their individual financial goals.
The Company intends to utilize the Net Proceeds towards the following objects:
[Dilip Davda] The company is an investment services provider having all related business under one roof. It marked inconsistency in its top and bottom lines for the reported periods. The RI is at a discount of around 63+% based on its last traded price, making it a worthy bet. Investors may park funds for medium to long term. Read detail review...
Geojit Financial Services Rights Issue 2024 got oversubscribed by 1.34 times by the end of the bidding period with total bid quantity received by BSE and NSE of 5,36,03,932 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Oct 23 2024 17:00:00 | 5,10,87,307 | 25,16,625 | 5,36,03,932 | 1.34x |
Geojit Financial Services Ltd
34/659-P, Civil Line Road
Padivattom
Kochi-682024
The Geojit Financial Services Rights Issue 2024 opens on Tue, Oct 15, 2024, and closes on Wed, Oct 23, 2024.
Geojit Financial Services Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Oct 14, 2024 |
| Last Date for renunciation of Rights Entitlements | Thu, Oct 17, 2024 |
| Issue Opening Date | Tue, Oct 15, 2024 |
| Issue Closing Date | Wed, Oct 23, 2024 |
| Date of Allotment (on or about) | Tue, Nov 5, 2024 |
| Date of Credit (on or about) | Fri, Nov 8, 2024 |
| Date of Listing (on or about) | Mon, Nov 11, 2024 |
You can apply for Geojit Financial Services Rights Issue 2024 in two ways:
Steps to apply for Geojit Financial Services Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Geojit Financial Services Rights Issue 2024 using Registrar's website (R-WAP)
