₹16.00 Crores | Listing at BSE | Tue, Mar 4, 2025 - Thu, Mar 20, 2025
Rajath Finance Limited Rights Issue comprises 1.60 Cr equity shares aggregating to ₹16.00 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Feb 21, 2025, with the Rights Issue being offered in the entitlement ratio of 4 : 1.
The term of payment is defined as following : Issue Price of Rs.10/- is payable on Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Mar 25, 2025.
The Rights Issue opens on Mar 4, 2025, and closes on Mar 20, 2025, with renunciation of Rights Entitlements permitted up to Mar 11, 2025.
The deemed date of allotment is Mar 25, 2025, following which the equity shares are expected to be credited to demat accounts on Apr 1, 2025 and listed at the BSE on Apr 4, 2025.
Bonanza Portfolio 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 Rajath Finance Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Feb 21, 2025
Entitlement Ratio
4 : 1
Open Date
Tue, Mar 4, 2025
Close Date
Thu, Mar 20, 2025
Issue Price of Rs.10/- is payable on Application.
Rajath Finance Limited's revenue decreased by -3.42% and profit after tax (PAT) dropped by -145.79% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 7.50 | 7.04 |
| Revenue | 0.33 | 0.34 |
| Profit After Tax | -0.11 | 0.24 |
| Amount in ₹ Crore | ||
Rajath Finance Limited offers financial solutions such as loans and supply chain financing to MSMEs. The operates under the brand name 'FynX'. The company's products are FynX Accounts Receivables, FynX Accounts Payables, FynX Supply Chain Financing and FynX Working Capital Finance.
Rajath Finance Limited provides MSMEs with adjustable repayment terms and structures, accommodating varying cash flow needs and business cycles, Rapid access to funds to meet immediate financial obligations, and digital platforms to automate financing processes and approvals.
The objects of the issue are:
[Dilip Davda] RFL is an RBI registered NBFC engaged in finance related solutions and services. It has posted erratic financial performances so far, with mounting losses from FY23 onwards. The counter has not seen any trading since January 01, 2025. This is the 2nd RI from the company since October 1998. It is operating in a highly competitive and fragmented segment. Nearly five-fold increase in its post-RI equity raises concern over its servicing in near term. Promoters’ holding above 73.7% is the only positive point. There is no harm in skipping this risky bet though it’s at par value. Read detail review...
Rajath Finance Rights Issue 2025 got oversubscribed by 1.19 times by the end of the bidding period with total bid quantity received by BSE of 1,90,35,843 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Mar 20 2025 17:00:00 | 1,90,35,843 | 1.19x |
Rajath Finance Limited
1001, 10™ floor,
K. P. Aurum, Marol Maroshi Road,
Andheri (E), Mumbai, 400059
Andheri, Maharashtra, 400059
The Rajath Finance Rights Issue 2025 opens on Tue, Mar 4, 2025, and closes on Thu, Mar 20, 2025.
Rajath Finance Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Mon, Mar 3, 2025 |
| Last Date for renunciation of Rights Entitlements | Tue, Mar 11, 2025 |
| Issue Opening Date | Tue, Mar 4, 2025 |
| Issue Closing Date | Thu, Mar 20, 2025 |
| Date of Allotment (on or about) | Tue, Mar 25, 2025 |
| Date of Credit (on or about) | Tue, Apr 1, 2025 |
| Date of Listing (on or about) | Fri, Apr 4, 2025 |
You can apply for Rajath Finance Rights Issue 2025 in two ways:
Steps to apply for Rajath Finance Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Rajath Finance Rights Issue 2025 using Registrar's website (R-WAP)
