FREE Account Opening + No Clearing Fees
Loading...

Purple Finance Ltd Rights Issue (Purple Finance Rights Issue 2024) Detail

October 4, 2024 - October 11, 2024
Purple Finance Ltd Logo

Incorporated in November 1993, Purple Finance Limited is a non-banking financial company (NBFC) that offers secured lending to retail micro, small, and medium enterprises (MSMEs) in tier II, III, and tier IV cities. The company provides loans to micro and small entrepreneurs ranging from ?3 lakh to ?30 lakh.

PFL has disbursed around INR 45 crore to approximately 800 customers. All loans are secured by either self-occupied residential or commercial property. PFL utilizes advanced technology for lending to customers.

Purple Finance Rights Issue 2024 Detail

Issue Open October 4, 2024 - October 11, 2024
Security Name Purple Finance Ltd
Issue Size (Shares) 11,204,985
Issue Size (Amount) ₹44.82 Crores
Issue Price ₹40 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

All money payable at the time of Application

Entitlement 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date

Purple Finance Rights Issue 2024 Issue Timetable

Last Date to buy sharesSeptember 25, 2024
Record Date September 26, 2024
Credit of Rights Entitlements October 1, 2024
Bid/Offer Opens On October 4, 2024
Renunciation of Rights Entitlements October 8, 2024
Bid/Offer Closes On October 11, 2024
Deemed Date of Allotment October 18, 2024
Credit Date October 22, 2024
Listing Date October 23, 2024

Company Financials

Purple Finance Ltd Financial Information (Restated)

Purple Finance Ltd's revenue increased by 73% and profit after tax (PAT) dropped by -20% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets73.8758.4916.97
Revenue4.442.56-3.11
Profit After Tax-7.61-6.33-7.37
Net Worth48.3317.316.02
Total Borrowing22.130.30.4
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:

  • Augmenting the capital base; and
  • General corporate purposes.

Purple Finance Rights Issue 2024 Subscription Status

Purple Finance Rights Issue 2024 is subscribed 0.41 times as on October 8, 2024 5:00:00 PM. The total bid quantity received by BSE is 4,620,934 shares.

Purple Finance Rights Issue 2024 Documents

Purple Finance Rights Issue 2024 Rating

3
4.3
Rating:Rated 4.3 stars
Vote Here ...

Purple Finance Rights Issue 2024 Reviews

Company Contact Information

Purple Finance Ltd
Room No. 11, 1st Floor
Indu Chambers 349/353, Samuel Street, Vadgadi,
Masjid Bunder (West), Mumb

Phone: 02269165100
Email: compliance@purplefinance.in
Website: https://www.purplefinance.in/

Purple Finance Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Purple Finance Rights Issue 2024 Lead Manager(s)

Purple Finance Rights Issue 2024 FAQs

The Purple Finance Rights Issue 2024 opens on October 4, 2024, and closes on October 11, 2024.

Purple Finance Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsOctober 1, 2024
Last Date for renunciation of Rights EntitlementsOctober 8, 2024
Issue Opening DateOctober 4, 2024
Issue Closing DateOctober 11, 2024
Date of Allotment (on or about)October 18, 2024
Date of Credit (on or about)October 22, 2024
Date of Listing (on or about)October 23, 2024

Purple Finance Rights Issue 2024 price is set at ₹40 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 3 fully paid-up Equity Shares held on Record Date (September 26, 2024).

The record date for the Purple Finance Rights Issue 2024 is September 26, 2024.

The issue size of Purple Finance Rights Issue 2024 is of 11,204,985 equity shares at ₹40 per share aggregating upto ₹44.82 Crores.

The Letter of Offer for Purple Finance Rights Issue 2024 can be download here.

You can apply for Purple Finance Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Purple Finance Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Purple Finance Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Purple Finance Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Purple Finance Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Purple Finance Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

Comments

Add a public comment...

Compare rights issues with Purple Finance Rights Issue 2024