Rajath Finance Limited has finalized its Rights Issue for 1,60,00,000 equity shares worth ₹16 crores. This Rights Issue is scheduled to open for subscription on *, 2024, and will close on * , 2024. Shareholders holding equity shares of Rajath Finance Limited as of *, 2024, which is the record date for this Rights Issue, will be eligible to receive the Right Entitlements (REs). The holders of these REs can either sell them in the market or subscribe to additional equity shares of the company as per their entitlement.
The company has fixed the entitlement ratio as 4:1, i.e., 4 right equity shares for every 1 fully paid-up equity share held on the record date. For more detailed information about Rajath Finance Limited’s Rights Issue, please read the article.
Rajath Finance Limited, established, a Mumbai-based financial services company actively engaged in providing innovative and value-driven financial solutions. With a focus on equity markets and investment opportunities, the company serves a large customer base. The company is making efforts to meet the dynamic needs of the financial sector.
Rajath Finance Right Issue Important Details
| Details | Information |
|---|---|
| Right Issue Opening Date | TBA |
| Right Issue Closing Date | TBA |
| Type of Securities Proposed | Fully Paid-up Equity Shares |
| Last Date for On Market Renunciation of Right Entitlements | TBA |
| Net Issue Size Offered (In Terms of Shares) | 1,60,00,000 fully paid-up equity shares |
| Net Issue Size (Amount) | ₹16 Crores |
| Issue Type | Rights Issue |
| Right Issue Price | ₹10 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
| Listing at | BSE |
| Terms of Payment | Full Amount payable at the time of application |
| Right Issue Entitlement | 4 Right Equity Shares for Every 1 Equity Share held (4:1) |
| Letter of Offer | * |
| Application Form | * |
Rajath Finance Right Issue Date Schedule
| Details | Information |
|---|---|
| Last Date to Buy Shares | TBD |
| Right Issue Record Date | TBD |
| Right Entitlement Credit Date | TBD |
| Offer Opening Date | TBD |
| On Market Renunciation of Right Entitlements | TBD |
| Right Issue Offer Close Date | TBD |
| Finalization of Basis of Allotment | TBD |
| Allotment Date of Right Issue | TBD |
| Date of Credit of Right Issue | TBD |
| Listing Date | TBD |
Rajath Finance Right Issue Financials
| Period | 31 March 2024 | 31 March 2023 | 31 March 2022 |
|---|---|---|---|
| Total Assets (₹ Cr.) | 6.55 | 7.50 | 7.04 |
| Total Revenue (₹ Cr.) | 0.09 | 0.33 | 0.01 |
| Expenses (₹ Cr.) | 1.64 | 0.45 | 0.30 |
| Profit After Tax (₹ Cr.) | -1.25 | -0.11 | -0.14 |
| Total Reserves & Surplus (₹ Cr.) | 1.66 | 2.82 | 2.93 |
Rajath Finance Right Issue Net Cash Flow Overview
| Net Cash Flow | 31 March, 2024 | 31 March, 2023 | 31 March, 2022 |
|---|---|---|---|
| Cash From Operating Activities (₹ Cr.) | 4.63 | -0.91 | 0.84 |
| Cash From Investing Activities (₹ Cr.) | -4.45 | -0.94 | 0.00 |
| Cash From Financing Activities (₹ Cr.) | -0.17 | 0.64 | 0.00 |
| Net Increase/Decrease in Cash (₹ Cr.) | 0.00 | -1.21 | 0.84 |
Key Objectives of the Proposed Right Issue
- To meet working capital needs
- General Corporate Purposes.
- To repay existing borrowings
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