Geojit Financial Services has finalized its right issue for 39857413 equity shares worth Rs 199.29 crores. This right issue is going to be open for subscription on October 15, 2024 and will close on October 23, 2024. The shareholders who are having equity shares of Geojit Financial Services as of October 7, 2024 (Record Date), will be eligible to get the Right Entitlement (REs). The holders of these REs can either sell it in the market or they will be able to buy additional number of equity shares of the company. The company has fixed the entitlement ratio as 1:6 i.e. 1 right equity share for every 6 fully paid up equity shares held by the eligible equity shares on the record date. Checkout for more detailed information about Geojit Financial Services right issue.
Geojit Financial Services Right Issue Important Details
| Right Issue Opening Date | October 15 2024 |
| Right Issue Closing Date | October 23, 2024 |
| Last Date for On Market Renunciation of Right Entitlements | October 17, 2024 |
| Net Issue Size Offered (In Terms of Shares) | 39857413 (fully paid up shares) |
| Net Issue Size (Amount) | ₹ 19929 Cr. |
| Issue Type | Right Issue |
| Issue Price | Rs. 50 |
| Face Value | ₹ 1 Per Share |
| Listing at | BSE & NSE |
| Terms of Payment | Full Amount payable at the time of application |
| Right Issue Entitlement | 1 Right Equity Share for Every 6 Equity Shares (1:6) |
| Letter of Offer | Click Here |
| Application Form | Click Here |
Geojit Financial Services Limited, founded in 1994, has grown into a leading provider of financial services in India and abroad. Initially established under the Companies Act of 1956, Geojit Financial Services has expanded its offerings to cater to both individual and institutional investors. Its core services include stock and currency trading, portfolio management, mutual fund and insurance distribution, online financial planning, and commodity trading.
With a network of 497 offices across India and joint ventures in 6 overseas locations, Geojit Financial Services offers easy access to financial services for clients nationwide and internationally. The company is committed to helping clients grow their wealth by providing expert advice and a range of investment options.
Geojit Financial Services Right Issue Date Schedule
| Last Date To buy Shares | October 4, 2024 |
| Record Date | October 7, 2024 |
| Entitlement Credit Date | October 14, 2024 |
| Offer Opening Date | October 15, 2024 |
| On Market Renunciation of Right Entitlements | October 17, 2024 |
| Offer Close Date | October 23, 2024 |
| Finalization of Basis of Allotment | November 4, 2024 |
| Allotment Date | November 5, 2024 |
| Date of Credit of Right Issue | November 8, 2024 |
| Listing Date | November 11, 2024 |
Geojit Financial Services Ltd Financials Informations
| Period | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | ₹202029.15 | ₹132128.23 | ₹141550.30 |
| Total Revenue | ₹61413.41 | ₹43929.48 | ₹50112.13 |
| Expense | ₹43199.52 | ₹32869.29 | ₹29882.04 |
| Profit After Tax | ₹14321.58 | ₹9645.61 | ₹15442.00 |
| Company’s Net Worth | ₹91154.56 | ₹79754.1 | ₹21028.79 |
| Total Reserve & Surplus | ₹80748.15 | ₹69855.10 | ₹67280.13 |
Cash flow Generated by the Company
| Cash From Operating Activities | ₹-12405.19 | ₹3768.65 | ₹7620.95 |
| Cash from Investing Activities | ₹-1476.24 | ₹-1659.19 | ₹-1043.38 |
| Cash From Financing Activities | ₹20982.62 | ₹-6057.52 | ₹-2560.31 |
Segment Wise Revenue Generation
| Business Segment | 31 March,2024 | 31 March 2023 | 31 March 2033 |
| Financial Services | ₹59306.01 | ₹42007.18 | ₹48010.08 |
| Software Services | ₹2937.21 | ₹2595.73 | ₹2556.61 |
| Total | ₹62242.22 | ₹44602.91 | ₹50566.69 |
Registrar of Geojit Financial Services Right Issue
Link Intime India Pvt Ltd.
C- 101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400083, Maharashtra, India
Telephone.: +91 81081 14949; Fax: +91 22 49186060
E-mail: geojit.rights@linkintime.co.in;
Website: www.linkintime.co.in
Lead Managers of Geojit Financial Services Right Issue
Dam Capital Advisors Ltd
One BKC, Tower C, 15th Floor, Unit No. 1511, Bandra-Kurla Complex,
Bandra (East), Mumbai – 400051, Maharashtra, India
Telephone: +91 22 4202 2500
E-mail: geojit.rights@damcapital.in
Website: www.damcapital.in
Bankers to the Geojit Financial Services Right Issue
Axis Bank Limited
41/418, Ground Floor, Chicago Plaza, Rajaji Road,
Kochi, Kerala – 682 035, India
Telephone: +91 – 99166 55332
Email: joseph.kurian@axisbank.com
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