₹15.03 Crores | Listing at BSE | Mon, Dec 12, 2022 - Mon, Dec 26, 2022
SMC Credits Ltd Rights Issue comprises 1.50 Cr equity shares aggregating to ₹15.03 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 Nov 25, 2022.
The term of payment is defined as following : Full amount of the Issue Price of Rs 10 per Equity Share On application.
The Rights Entitlements are expected to be credited to eligible demat accounts on .
The Rights Issue opens on Dec 12, 2022, and closes on Dec 26, 2022, with renunciation of Rights Entitlements permitted up to Dec 14, 2022.
The deemed date of allotment is [.] following which the equity shares are expected to be credited to demat accounts on and listed at the BSE on [.].
Sundae Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Beetal Financial & Computer Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the SMC Credits Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Nov 25, 2022
Entitlement Ratio
:
Open Date
Mon, Dec 12, 2022
Close Date
Mon, Dec 26, 2022
Full amount of the Issue Price of Rs 10 per Equity Share On application.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 512.33 | 5.16 | 4.5 |
| 31-Mar-22 | 522.51 | 5.24 | 2.59 |
| Amount in ₹ Crore | |||
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.
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
[Dilip Davda] Simply stay away from this issue as it has marked no activities on the exchange since June 1997. Read detail review...
SMC Credits Ltd
24, Ashoka Chambers,
5-B Rajindra Park, Pusa Road,
New Delhi – 110060
New Delhi, New Delhi, 110060
Beetal Financial & Computer Services Pvt.Ltd.
The SMC Credits Rights Issue 2022 opens on Mon, Dec 12, 2022, and closes on Mon, Dec 26, 2022.
SMC Credits Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Mon, Nov 28, 2022 |
| Last Date for renunciation of Rights Entitlements | Wed, Dec 14, 2022 |
| Issue Opening Date | Mon, Dec 12, 2022 |
| Issue Closing Date | Mon, Dec 26, 2022 |
| Date of Allotment (on or about) | |
| Date of Credit (on or about) | |
| Date of Listing (on or about) |
You can apply for SMC Credits Rights Issue 2022 in two ways:
Steps to apply for SMC Credits Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for SMC Credits Rights Issue 2022 using Registrar's website (R-WAP)
