₹24.46 Crores | Listing at BSE, NSE | Tue, Nov 15, 2022 - Tue, Nov 29, 2022
Transwarranty Finance Limited Rights Issue comprises 2.45 Cr equity shares aggregating to ₹24.46 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 4, 2022.
As per the terms of payment, ₹10 per share payable on application, with the balance payable in call(s).
The Rights Entitlements are expected to be credited to eligible demat accounts on Nov 14, 2022.
The Rights Issue opens on Nov 15, 2022 and closes on Nov 29, 2022.
The deemed date of allotment is Dec 7, 2022, following which the equity shares are expected to be credited to demat accounts on Dec 14, 2022 and listed on NSE and BSE on Dec 14, 2022.
Fedex Securities Pvt.Ltd. is the Lead Manager to the issue and MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Transwarranty Finance Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Nov 4, 2022
Entitlement Ratio
:
Open Date
Tue, Nov 15, 2022
Close Date
Tue, Nov 29, 2022
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 94.46 | 16.17 | -2.81 | 16.47 | 37.34 |
| 31-Mar-22 | 102.74 | 16.57 | -2.15 | 14.21 | 36.88 |
| Amount in ₹ Crore | |||||
Incorporated in 1994, Transwarranty Finance Limited is a full-service Financial & Capital Market Services Company. The Company is engaged in the lending and advisory services.
The Company has been engaged in Financial Advisory services for over 25 years.
The business model can be broadly classified into Lending Business, Financial Advisory Services (comprising of Investment Banking, Trade Finance, and Corporate Finance) and Wealth Management, Stock Broking and Distribution Business.
The company subsidiaries are I. Vertex Securities Limited (VSL), II. Vertex Commodities and Finpro Private Limited (VCFPL) and III. Transwarranty Capital Market Services Private Limited (TCMSPL).
The Net Proceeds from the Issue are proposed to be utilised by the Company for the following objects :
1. Meeting working capital requirements.
2. General corporate purposes.
[Dilip Davda] The counter is well managed for the last few months to pave the way for this at par RI. TFL’s NAV is negative and the issue is also at a negative P/E since it has been posting losses for the reported periods. Though the RI is at par, there is no harm in skipping it. Read detail review...
Transwarranty Finance Limited
403, Regent Chambers,
Nariman Point, Mumbai
400021
The Transwarranty Finance Rights Issue 2022 opens on Tue, Nov 15, 2022, and closes on Tue, Nov 29, 2022.
Transwarranty Finance Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Mon, Nov 14, 2022 |
| Last Date for renunciation of Rights Entitlements | Wed, Nov 23, 2022 |
| Issue Opening Date | Tue, Nov 15, 2022 |
| Issue Closing Date | Tue, Nov 29, 2022 |
| Date of Allotment (on or about) | Wed, Dec 7, 2022 |
| Date of Credit (on or about) | Wed, Dec 14, 2022 |
| Date of Listing (on or about) | Wed, Dec 14, 2022 |
You can apply for Transwarranty Finance Rights Issue 2022 in two ways:
Steps to apply for Transwarranty Finance Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Transwarranty Finance Rights Issue 2022 using Registrar's website (R-WAP)
