₹1.96 Crores | Listing at BSE | Mon, Dec 20, 2021 - Mon, Jan 3, 2022
Ridhi Synthetics Limited Rights Issue comprises 0.1960 Cr equity shares aggregating to ₹1.96 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Dec 10, 2021.
As per the terms of payment, ₹10 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Dec 17, 2021.
The Rights Issue opens on Dec 20, 2021, and closes on Jan 3, 2022, with renunciation of Rights Entitlements permitted up to Dec 29, 2021.
The deemed date of allotment is Jan 14, 2022, following which the equity shares are expected to be credited to demat accounts on Jan 19, 2022 and listed on the BSE on Jan 25, 2022.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Ridhi Synthetics Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Dec 10, 2021
Entitlement Ratio
:
Open Date
Mon, Dec 20, 2021
Close Date
Mon, Jan 3, 2022
| Particulars | For the year/period ended (Rs.in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | ||
| Total Assets | 379.22 | 265.25 | |
| Total Income | 5.66 | 10.26 | |
| Profit After Tax | 1.37 | 7.01 | |
Incorporated in 1981, Ridhi Synthetics is engaged in the real estate renting business. The company has invested in properties across Mumbai, Maharashtra which they provide on lease to others to generate rental income. The company has also invested surplus funds in stocks and mutual Fund. Company's equity shares are listed on the BSE Limited.
[Dilip Davda] This is an odd counter on BSE with no trade after June 22, 2016. Based on its financial status, the company is cash surplus with a book value of Rs. 364 plus, but still coming out with a rights issue at par value. No doubt it has no dividend track record and is a closely held thinly traded counter. Surprisingly the promoter’s holding as of September 30, 2021, is 36.33%. Perhaps this is a golden opportunity for the existing shareholders to grab this share at par value. Read detail review...
Ridhi Synthetics Limited
11-B, 1st Floor, Mittal Tower,
Free Press Journal Marg,
Nariman Point, Mumbai – 400021
Nariman Point, Maharashtra, 400021
The Ridhi Synthetics Rights Issue opens on Mon, Dec 20, 2021, and closes on Mon, Jan 3, 2022.
Ridhi Synthetics Rights Issue Schedule
| Last Date for credit of Rights Entitlements | Fri, Dec 17, 2021 |
| Last Date for renunciation of Rights Entitlements | Wed, Dec 29, 2021 |
| Issue Opening Date | Mon, Dec 20, 2021 |
| Issue Closing Date | Mon, Jan 3, 2022 |
| Date of Allotment (on or about) | Fri, Jan 14, 2022 |
| Date of Credit (on or about) | Wed, Jan 19, 2022 |
| Date of Listing (on or about) | Tue, Jan 25, 2022 |
You can apply for Ridhi Synthetics Rights Issue in two ways:
Steps to apply for Ridhi Synthetics Rights Issue using Net Banking (ASBA)
Steps to apply for Ridhi Synthetics Rights Issue using Registrar's website (R-WAP)
