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Incorporated in June 1978, Rapid Investments Limited is a non-banking financial company registered with the RBI as a systemically important non-deposit accepting NBFC. It provides loans for home construction/purchase and MSME finance.
The company currently operates in Rajasthan, with over 10 branches, and has ambitious branch expansion and loan growth plans in the State.
The company offers mortgage loans against the borrower's primary residence for home construction, extension/improvement, and MSME finance.
As of December 31, 2023, the company had 18 full-time employees.
| Issue Open | September 26, 2024 - October 10, 2024 |
| Security Name | Rapid Investments Ltd. |
| Issue Size (Shares) | 839,744 |
| Issue Size (Amount) | ₹8.40 Crores |
| Issue Price | ₹100 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The entire amount of Rs 100 (including a premium of Rs 90) is payable at the time of application |
| Entitlement | 25 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | September 17, 2024 |
| Record Date | September 18, 2024 |
| Credit of Rights Entitlements | September 24, 2024 |
| Bid/Offer Opens On | September 26, 2024 |
| Renunciation of Rights Entitlements | October 4, 2024 |
| Bid/Offer Closes On | October 10, 2024 |
| Deemed Date of Allotment | September 16, 2024 |
| Credit Date | September 18, 2024 |
| Listing Date | September 18, 2024 |
Rapid Investments Ltd.'s revenue increased by 440% and profit after tax (PAT) rose by 489% 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 | 9.99 | 9.31 | 2.52 | |||||||||||||||||||||||||||
| Revenue | 1.95 | 0.36 | 0.5 | |||||||||||||||||||||||||||
| Profit After Tax | 0.2 | 0.03 | 0 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The Company intends to utilise the net proceeds from the Issue (the “Net Proceeds”) towards the funding of the following objects:
Rapid Investments Rights Issue 2024 is subscribed 1.02 times as on October 9, 2024 10:14:00 AM. The total bid quantity received by BSE is 860,325 shares.
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Rapid Investments Ltd.
107, Turf Estate
Off Dr E Moses Road, Shakti Mill Lane
Mahalaxmi, Mumbai 400011
Phone: 9322687149
Email: investors@rapidinvestments.co.in
Website: https://rapidinvestments.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rapid.rights@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
The Rapid Investments Rights Issue 2024 opens on September 26, 2024, and closes on October 10, 2024.
Rapid Investments Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | September 24, 2024 |
| Last Date for renunciation of Rights Entitlements | October 4, 2024 |
| Issue Opening Date | September 26, 2024 |
| Issue Closing Date | October 10, 2024 |
| Date of Allotment (on or about) | September 16, 2024 |
| Date of Credit (on or about) | September 18, 2024 |
| Date of Listing (on or about) | September 18, 2024 |
Rapid Investments Rights Issue 2024 price is set at ₹100 per share per equity share.
The eligible shareholders are being offered 25 Rights Equity Share(s) for every 39 fully paid-up Equity Shares held on Record Date (September 18, 2024).
The record date for the Rapid Investments Rights Issue 2024 is September 18, 2024.
The issue size of Rapid Investments Rights Issue 2024 is of 839,744 equity shares at ₹100 per share aggregating upto ₹8.40 Crores.
The Letter of Offer for Rapid Investments Rights Issue 2024 can be download here.
You can apply for Rapid Investments Rights Issue 2024 in two ways:
Steps to apply for Rapid Investments Rights Issue 2024 using Net Banking (ASBA)
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 Rapid Investments Rights Issue 2024 using Registrar's website (R-WAP)
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