₹39.97 Crores | Listing at BSE | Thu, Mar 6, 2025 - Thu, Apr 3, 2025
Shri Niwas Leasing And Finance Ltd Rights Issue comprises 4.00 Cr equity shares aggregating to ₹39.97 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 27, 2025, with the Rights Issue being offered in the entitlement ratio of 10 : 1.
The term of payment is defined as following : 50% of the amount shall be payable at the time of the application, and the rest of the amount shall be payable on one or more subsequent calls as may be decided by the board.
The Rights Entitlements are expected to be credited to eligible demat accounts on Apr 9, 2025.
The Rights Issue opens on Mar 6, 2025, and closes on Apr 3, 2025, with renunciation of Rights Entitlements permitted up to Mar 17, 2025.
The deemed date of allotment is Apr 9, 2025, following which the equity shares are expected to be credited to demat accounts on Apr 11, 2025 and listed at the BSE on May 16, 2025.
Skyline Financial Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Shri Niwas Leasing And Finance Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Feb 27, 2025
Entitlement Ratio
10 : 1
Open Date
Thu, Mar 6, 2025
Close Date
Thu, Apr 3, 2025
50% of the amount shall be payable at the time of the application, and the rest of the amount shall be payable on one or more subsequent calls as may be decided by the board.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3.56 | 3.68 | 3,547.6 |
| Revenue | 0.47 | 0.35 | 285.2 |
| Profit After Tax | -1.36 | -0.01 | 134.4 |
| Reserves and Surplus | -1.88 | -0.5 | -0.5 |
| Amount in ₹ Crore | |||
Incorporated in September 1984 Shri Niwas Leasing & Finance Limited is a Non-Banking Financial Company (NBFC) primarily involved in activities like buying, selling, and trading of equity shares, investments, providing loans and advances, and other related financial services essentially operating as a financial investment company based in India.
The company provides short- and long-term funding, working capital, property, and personal loans tailored to customer needs. It uses structured finance products for cost-effective financing not easily accessible to clients, focusing on long-term finance and trading solutions. The company offers a wide range of products for diverse customer requirements.
The company proposes to utilize the Net Proceeds to:
[Dilip Davda] SNLFL is engaged in the business of financing and related services as an RBI registered NBFC. It posted minuscule financial performances so far. Post-RI 11 times higher equity raises concern over its servicing going forward. The promoter’s holding is just 1.94% and the counter is manipulated by vested interests. It is operating in a highly competitive and fragmented segment. Simply skip this highly risky bet even though it is at par. Read detail review...
Shri Niwas Leasing And Finance Rights Issues 2025 got oversubscribed by 1.03 times by the end of the bidding period with total bid quantity received by BSE of 4,10,35,169 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Apr 03 2025 17:00:00 | 4,10,35,169 | 1.03x |
Shri Niwas Leasing And Finance Ltd
47/18, Rajendra Place Metro Station
New Delhi
Central Delhi - 110060.
Central Delhi, New Delhi, 110060
Skyline Financial Services Pvt.Ltd.
The Shri Niwas Leasing And Finance Rights Issues 2025 opens on Thu, Mar 6, 2025, and closes on Thu, Apr 3, 2025.
Shri Niwas Leasing And Finance Rights Issues 2025 Schedule
| Last Date for credit of Rights Entitlements | Fri, Mar 28, 2025 |
| Last Date for renunciation of Rights Entitlements | Mon, Mar 17, 2025 |
| Issue Opening Date | Thu, Mar 6, 2025 |
| Issue Closing Date | Thu, Apr 3, 2025 |
| Date of Allotment (on or about) | Wed, Apr 9, 2025 |
| Date of Credit (on or about) | Fri, Apr 11, 2025 |
| Date of Listing (on or about) | Fri, May 16, 2025 |
You can apply for Shri Niwas Leasing And Finance Rights Issues 2025 in two ways:
Steps to apply for Shri Niwas Leasing And Finance Rights Issues 2025 using Net Banking (ASBA)
Steps to apply for Shri Niwas Leasing And Finance Rights Issues 2025 using Registrar's website (R-WAP)
