₹48.96 Crores | Listing at BSE | Thu, Nov 7, 2024 - Tue, Nov 19, 2024
Pmc Fincorp Limited Rights Issue comprises 17.80 Cr equity shares aggregating to ₹48.96 Cr, offered at an issue price of ₹2.75 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Oct 25, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 3.
The term of payment is defined as following : The full amount of the Issue Price being Rs. 2.75/- per share will be payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 25, 2024.
The Rights Issue opens on Nov 7, 2024, and closes on Nov 19, 2024, with renunciation of Rights Entitlements permitted up to Nov 12, 2024.
The deemed date of allotment is Nov 25, 2024, following which the equity shares are expected to be credited to demat accounts on Nov 29, 2024 and listed at the BSE on Dec 2, 2024.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Pmc Fincorp Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Oct 25, 2024
Entitlement Ratio
1 : 3
Open Date
Thu, Nov 7, 2024
Close Date
Tue, Nov 19, 2024
The full amount of the Issue Price being Rs. 2.75/- per share will be payable on application.
Pmc Fincorp Limited's revenue increased by 84.33% and profit after tax (PAT) rose by 278.32% 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 | 136.27 | 133.94 | 117.04 |
| Revenue | 15.66 | 8.50 | 7.38 |
| Profit After Tax | 11.35 | -6.36 | 1.81 |
| Net Worth | 115.18 | 103.37 | 91.13 |
| Reserves and Surplus | 61.77 | 49.96 | 40.22 |
| Total Borrowing | 18.55 | 27.47 | 24.60 |
| Amount in ₹ Crore | |||
PMC Fincorp Limited was incorporated on February 04, 1985.
PMC Fincorp Limited, an RBI registered, non-systemically important, non-deposit taking company, specializes in equity trading, financing and investment in listed and unlisted securities to promote growth.
The business strategy focuses on product innovation, effective marketing and strengthening our investment and loan portfolios. Its aim is to promote financial inclusion while ensuring operational excellence through robust risk management systems.
The Company proposes to utilize the proceeds of the Rights Issue towards the following objects:
1. To augment the capital base and provide for their fund requirements for increasing the operational scale with respect to their NBFC activities and
2. General Corporate Purpose
[Dilip Davda] The company is in the business of financial related services and investment. It posted inconsistency in its earnings so far and based on it the issue appears aggressively priced. It is operating in a highly competitive and fragmented segment. There is no harm in skipping this “High Risk/Low Return” offer. Read detail review...
Pmc Fincorp Rights Issue 2024 got oversubscribed by 1.28 times by the end of the bidding period with total bid quantity received by BSE of 22,80,44,397 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Nov 19 2024 17:00:00 | 22,80,44,397 | 1.28x |
Pmc Fincorp Limited
B-10,
VIP Colony Civil Lines
Rampur, India, 244901
Rampur, Himachal Pradesh, 244901
Skyline Financial Services Pvt.Ltd.
The Pmc Fincorp Rights Issue 2024 opens on Thu, Nov 7, 2024, and closes on Tue, Nov 19, 2024.
Pmc Fincorp Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Oct 31, 2024 |
| Last Date for renunciation of Rights Entitlements | Tue, Nov 12, 2024 |
| Issue Opening Date | Thu, Nov 7, 2024 |
| Issue Closing Date | Tue, Nov 19, 2024 |
| Date of Allotment (on or about) | Mon, Nov 25, 2024 |
| Date of Credit (on or about) | Fri, Nov 29, 2024 |
| Date of Listing (on or about) | Mon, Dec 2, 2024 |
You can apply for Pmc Fincorp Rights Issue 2024 in two ways:
Steps to apply for Pmc Fincorp Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Pmc Fincorp Rights Issue 2024 using Registrar's website (R-WAP)
