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SMC Credits Ltd Rights Issue (SMC Credits Rights Issue 2022) Detail

Dec 12, 2022 - Dec 26, 2022
SMC Credits Ltd Logo

Incorporated In 1992, SMC Credits Limited is engaged in the business of Non-banking financial activities, duly registered with the Reserve Bank of India. The Company is not accepting public deposits.

Besides this the Company also have rental income on its Fixed Assets/Building. The Company further have an operation in renting of immovable properties as another objective.

The company business broadly involves following processes of Customer Origination, Customer Evaluation, Credit Appraisal and approval, Loan Disbursement and Loan administration and monitoring.

SMC Credits Rights Issue 2022 Detail

Issue Open Dec 12, 2022 - Dec 26, 2022
Security Name SMC Credits Ltd
Issue Size (Shares) 15,033,300
Issue Size (Amount) ₹15.03 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Full amount of the Issue Price of Rs 10 per Equity Share On application.

Entitlement 3 Equity Shares for every 2 Equity Shares held on the Record Date

SMC Credits Rights Issue 2022 Issue Timetable

Record Date Nov 25, 2022
Credit of Rights Entitlements Nov 28, 2022
Bid/Offer Opens On Dec 12, 2022
Renunciation of Rights Entitlements Dec 14, 2022
Bid/Offer Closes On Dec 26, 2022
Deemed Date of Allotment
Credit Date
Listing Date

Company Financials

SMC Credits Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21512.335.164.5
31-Mar-22522.515.242.59
Amount in ₹ Crore

Objects of the Issue:

The Net Proceeds from the Issue are proposed to be utilised by the Company for the following objects:

1. Augment of our capital base; and

2. General corporate purpose

SMC Credits Rights Issue 2022 Documents

SMC Credits Rights Issue 2022 Rating

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Company Contact Information

SMC Credits Ltd
24, Ashoka Chambers,
5-B Rajindra Park, Pusa Road,
New Delhi – 110060

Phone: 011-45012880
Email: smccorp011@gmail.com
Website: http://www.smccredits.com/

SMC Credits Rights Issue 2022 Registrar

  1. Beetal Financial & Computer Services (P) Limited
    Phone: +91 11 29961281
    Email: beetalrta@gmail.com
    Website: http://www.beetalfinancial.com

SMC Credits Rights Issue 2022 Lead Manager(s)

SMC Credits Rights Issue 2022 FAQs

The SMC Credits Rights Issue 2022 opens on Dec 12, 2022, and closes on Dec 26, 2022.

SMC Credits Rights Issue 2022 Schedule

Last Date for credit of Rights EntitlementsNov 28, 2022
Last Date for renunciation of Rights EntitlementsDec 14, 2022
Issue Opening DateDec 12, 2022
Issue Closing DateDec 26, 2022
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

SMC Credits Rights Issue 2022 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 3 Equity Shares for every 2 Equity Shares held on the Record Date (Nov 25, 2022).

The record date for the SMC Credits Rights Issue 2022 is Nov 25, 2022.

The issue size of SMC Credits Rights Issue 2022 is of 15,033,300 equity shares at ₹10 per share aggregating upto ₹15.03 Crores.

The Letter of Offer for SMC Credits Rights Issue 2022 can be download here.

You can apply for SMC Credits Rights Issue 2022 in two ways:

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

Steps to apply for SMC Credits Rights Issue 2022 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 SMC Credits Rights Issue 2022 available on the list.
  4. Click the Apply button next to the SMC Credits Rights Issue 2022.
  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 SMC Credits Rights Issue 2022 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select SMC Credits Rights Issue 2022 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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