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Srestha Finvest Ltd Rights Issue (Srestha Finvest Rights Issue 2024) Detail

July 4, 2024 - July 18, 2024
Srestha Finvest Ltd Logo

Founded in 1985, Srestha Finvest Limited, formerly known as M.S. Investments Private Limited, is an India-based non-banking finance company.

The company's primary business is lending money against securities, movable and immovable properties, finance, hire purchase, and leasing. It involves finance, loans, investment, consultancy, and securities transactions.

As of June 2024, the company currently has 5 directors on its Board, one Non-executive Director, and Two Independent Director.

Srestha Finvest Rights Issue 2024 Detail

Issue Open July 4, 2024 - July 18, 2024
Security Name Srestha Finvest Ltd
Issue Size (Shares) 240,000,000
Issue Size (Amount) ₹48.00 Crores
Issue Price ₹2 per share
Face Value ₹2 per share
Listing At BSE
Terms of Payment

Issue Price of Rs.2/- payable on Application.

Entitlement 12 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date

Srestha Finvest Rights Issue 2024 Issue Timetable

Last Date to buy sharesJune 21, 2024
Record Date June 24, 2024
Credit of Rights Entitlements July 12, 2024
Bid/Offer Opens On July 4, 2024
Renunciation of Rights Entitlements July 12, 2024
Bid/Offer Closes On July 18, 2024
Deemed Date of Allotment July 25, 2024
Credit Date August 1, 2024
Listing Date July 30, 2024

Company Financials

Srestha Finvest Ltd Financial Information (Restated)

Srestha Finvest Ltd's revenue increased by 19.15% and profit after tax (PAT) dropped by -12181.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets91.9925.9746.48
Revenue2.752.314.73
Profit After Tax-4.97-0.04-0.54
Reserves and Surplus-4.670.260.31
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds from this Issue towards the following objects:

  1. To meet the Working Capital requirements of the Company; and
  2. General Corporate Purposes.

Srestha Finvest Rights Issue 2024 Subscription Status

Srestha Finvest Rights Issue 2024 got oversubscribed by 1.09 times by the end of the bidding period with total bid quantity received by BSE of 262,309,993 shares.

Srestha Finvest Rights Issue 2024 Documents

Srestha Finvest Rights Issue 2024 Rating

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Srestha Finvest Rights Issue 2024 Reviews

Company Contact Information

Srestha Finvest Ltd
Door No.19&20, General Muthiah Mudali Street
Sowcarpet,
Chennai – 600003

Phone: 044-40057044
Email: srestha.info@gmail.com
Website: https://www.srestha.co.in/

Srestha Finvest Rights Issue 2024 Registrar

  1. Purva Sharegistry India Pvt Ltd
    Phone: +91-022-23018261/ 23016761
    Email: support@purvashare.com
    Website: https://www.purvashare.com/investor-service/ipo-query

Srestha Finvest Rights Issue 2024 Lead Manager(s)

Srestha Finvest Rights Issue 2024 FAQs

The Srestha Finvest Rights Issue 2024 opens on July 4, 2024, and closes on July 18, 2024.

Srestha Finvest Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsJuly 12, 2024
Last Date for renunciation of Rights EntitlementsJuly 12, 2024
Issue Opening DateJuly 4, 2024
Issue Closing DateJuly 18, 2024
Date of Allotment (on or about)July 25, 2024
Date of Credit (on or about)August 1, 2024
Date of Listing (on or about)July 30, 2024

Srestha Finvest Rights Issue 2024 price is set at ₹2 per share per equity share.

The eligible shareholders are being offered 12 Rights Equity Share(s) for every 29 fully paid-up Equity Shares held on Record Date (June 24, 2024).

The record date for the Srestha Finvest Rights Issue 2024 is June 24, 2024.

The issue size of Srestha Finvest Rights Issue 2024 is of 240,000,000 equity shares at ₹2 per share aggregating upto ₹48.00 Crores.

The Letter of Offer for Srestha Finvest Rights Issue 2024 can be download here.

You can apply for Srestha Finvest Rights Issue 2024 in two ways:

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

Steps to apply for Srestha Finvest Rights Issue 2024 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 Srestha Finvest Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Srestha Finvest Rights Issue 2024.
  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 Srestha Finvest Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Srestha Finvest Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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