Enbee Trade and Finance Rights Issue is scheduled on 10 – 30 December 2024
Enbee Trade and Finance, established in 1985, operates as a non-banking finance company (NBFC) primarily involved in financing and investment activities. The company is categorized as a Category B Non-Systemically Important Non-Deposit taking NBFC. Enbee specializes in providing unsecured loans to body corporates and retail customers, focusing on the micro, small, and medium enterprises (MSME) sectors.
Despite reporting consistent profits over the years, Enbee Trade and Finance has not distributed dividends, which may raise concerns among investors regarding its capital allocation strategies. The company’s return on equity (ROE) has been relatively low, hovering around 6.48% over the past three years, which could suggest operational inefficiencies or a conservative approach to growth. However, it has demonstrated significant sales growth recently, with net sales increasing by 49.61% year-over-year as of June 2024.
Promoters of Enbee Trade and Finance – Amarr Narendra Galla
Enbee Trade and Finance Rights Issue Details
| Enbee Trade and Finance Rights Issue Date | 10 – 30 December 2024 |
| Enbee Trade and Finance Rights Issue Price | INR 13 per share |
| Issue Size (in Shares) | 3,46,76,061 shares |
| Issue Size (in INR) | INR 45.08 crore |
| Issue Entitlement | 121 equity shares for every 50 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Enbee Trade and Finance Rights Issue Record Date | 28 November 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Enbee Trade and Finance Rights Issue Calculation
| Enbee Trade and Finance Rights Issue Price | INR 13 per share |
| Market Price on Rights Issue Approval | INR 13.23 per share |
| Dilution Factor (X) | 3.42 |
| Fair Value After Dilution at Prevailing Price | INR 13.07 per share |
Enbee Trade and Finance Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 3.64 | 4.87 | 10.26 |
| Expenses | 1.88 | 3.25 | 5.66 |
| Operating Margin (%) | 48.35 | 33.26 | 44.83 |
| Net Income | 0.94 | 0.14 | 1.56 |
| ROCE (%) | 11.26 | 5.53 | 7.96 |
Enbee Trade and Finance Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment of unsecured loans availed by the company from promoter and promoter Group of the company – INR 29.69 crore
- Augmentation of the capital base of the company – INR 14.39 crore
Enbee Trade and Finance Rights Offer Documents
Enbee Trade and Finance Rights Issue Dates
| Rights Issue Approval Date | 22 November 2024 |
| Rights Issue Record Date | 28 November 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 10 December 2024 |
| Last Date for Market Renunciation | 23 December 2024 |
| Rights Issue Closing Date | 30 December 2024 |
| Finalization of Basis of Allotment | 3 January 2025 |
| Rights Allotment Date | 3 January 2025 |
| Credit Date | 10 January 2025 |
| Listing Date | 14 January 2025 |
Enbee Trade and Finance Rights Offer Lead Manager
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, SiXlh Floor, Centre Pont, Andheri-Kura Road,
J. B. Nagar, Andheri (East), Mumbai – 4 00 059, Maharashtra
Phone: +91 22 49730394
Email: [email protected]
Website: www.saffronadvisor.com
Enbee Trade and Finance Rights Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: [email protected]
Website: www.cameoindia.com
ENBEE TRADE & FINANCE LIMITED
B4 /C5, God’s Gift Chs Ltd, N M Joshi Marg,
Lower Parel, Mumbai – 400 013, Maharashtra, India
Phone: +91 22 7969 2512
Email: [email protected]
Website: www.enbeetrade.com
Enbee Trade and Finance Rights Offer FAQs
What is the Enbee Trade and Finance Rights Issue Price?
The issue price is INR 13 per share.
What is the Enbee Trade and Finance Rights Issue entitlement ratio?
The eligible shareholders are offered 121 Equity Shares for every 50 Equity Shares held on the record date.
What is the Enbee Trade and Finance Rights Issue Record Date?
The Record date is 28 November 2024.
How to Apply in Enbee Trade and Finance Rights Offer?
The best way to apply in Enbee Trade and Finance Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
