₹28.12 Crores | Listing at BSE | Wed, Aug 14, 2024 - Wed, Aug 28, 2024
Luharuka Media and Infra Limited Rights Issue comprises 9.37 Cr equity shares aggregating to ₹28.12 Cr, offered at an issue price of ₹3 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Aug 2, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 1.
The term of payment is defined as following : All money payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Aug 14, 2024, and closes on Aug 28, 2024, with renunciation of Rights Entitlements permitted up to Aug 22, 2024.
The deemed date of allotment is Sep 3, 2024, following which the equity shares are expected to be credited to demat accounts on Sep 5, 2024 and listed at the BSE on Sep 6, 2024.
Adroit Corporate Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Luharuka Media and Infra Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Aug 2, 2024
Entitlement Ratio
1 : 1
Open Date
Wed, Aug 14, 2024
Close Date
Wed, Aug 28, 2024
All money payable at the time of Application.
Luharuka Media and Infra Limited's revenue increased by 755% and profit after tax (PAT) rose by 807% 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 | 165.85 | 15.04 | 20.76 |
| Revenue | 16.54 | 1.93 | 1.68 |
| Profit After Tax | 6.06 | 0.67 | 0.57 |
| Net Worth | 154.38 | 148.32 | 141.64 |
| Reserves and Surplus | 441.29 | 390.08 | 343.18 |
| Total Borrowing | 8.81 | 0 | 63.63 |
| Amount in ₹ Crore | |||
Incorporated in July 1981,Luharuka Media and Infra Limited focuses on lending activities such as corporate and retail loans as an NBFC. The company assess clients' creditworthiness and repayment capacity, and evaluate associated risks before providing finance.
The company offers loans to both corporate and non-corporate entities for a duration ranging from 36 to 84 months.
The company intends to utilize the proceeds of the Issue towards the following objects:
[Dilip Davda] The company is engaged in financial services that is highly competitive and fragmented segment. It marked minuscule financial performances for the last two fiscals that are no in line with the asking price. Post-RI equity base will double and may pose servicing issue. Though the RI offer appears lucrative as it is at a discount to its last traded price of Rs. 5.47. But the counter is well managed by vested interests to lure investors. There is no harm in skipping this pricey “High Risk/Low Return” offer. Read detail review...
Luharuka Media and Infra Rights Issue 2024 got oversubscribed by 1.36 times by the end of the bidding period with total bid quantity received by BSE of 12,75,61,160 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Aug 28 2024 17:00:00 | 12,75,61,160 | 1.36x |
Luharuka Media and Infra Limited
A-301, Hetal Arch, Opp
Natraj Market, S. V. Road,
Malad (West), Mumbai - 400 064
Mumbai, Maharashtra, 400064
The Luharuka Media and Infra Rights Issue 2024 opens on Wed, Aug 14, 2024, and closes on Wed, Aug 28, 2024.
Luharuka Media and Infra Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Thu, Aug 22, 2024 |
| Issue Opening Date | Wed, Aug 14, 2024 |
| Issue Closing Date | Wed, Aug 28, 2024 |
| Date of Allotment (on or about) | Tue, Sep 3, 2024 |
| Date of Credit (on or about) | Thu, Sep 5, 2024 |
| Date of Listing (on or about) | Fri, Sep 6, 2024 |
You can apply for Luharuka Media and Infra Rights Issue 2024 in two ways:
Steps to apply for Luharuka Media and Infra Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Luharuka Media and Infra Rights Issue 2024 using Registrar's website (R-WAP)
