Rajath Finance Rights Issue Date, Price, Market Lot, Subscription 2024

Rajath Finance Rights Issue Date, Price, Market Lot, Subscription 2024



Rajath Finance Rights Issue

Rajath Finance Rights Issue is scheduled on 2024

Rajath Finance is a non-banking financial institution (NBFC) based in India that was incorporated in 1984. The company primarily engages in financial services including leasing, hire purchase, and loan provision.

  • Microfinance Services: Rajath Finance specializes in providing microfinance solutions, catering to individuals and small businesses that require financial assistance but may not qualify for traditional bank loans.
  • Loans: The company offers various types of loans, including personal loans and business loans, aimed at helping customers meet their financial needs.
  • Leasing: Rajath Finance engages in leasing services, allowing clients to lease equipment or vehicles instead of purchasing them outright.
  • Hire Purchase: This service enables customers to acquire goods through a hire purchase agreement, where they can pay in installments while using the product.

Rajath Finance has been experiencing significant financial challenges, as evidenced by its recent performance metrics. For the fiscal year 2024, the company reported a total revenue of INR 0.09 crores, reflecting a drastic decline of 71.73% compared to the previous year, where revenue stood at INR 0.33 crores.

Fynx Capital Rights Issue entitlement ratio

Promoters of Rajath Finance –


Rajath Finance Rights Issue Details

Rajath Finance Rights Issue Date Coming soon
Rajath Finance Rights Issue Price INR 10 per share
Issue Size (in Shares) 1,60,00,000 shares
Issue Size (in INR) INR 16 crore
Issue Entitlement 4 equity shares for every 1 equity shares held on record date
Terms of Payment Fully payable at the time of application
Rajath Finance Rights Issue Record Date Coming soon
Face Value INR 10 per share
Listing On BSE

Fynx Capital Rights Issue Calculation

Rajath Finance Rights Issue Price INR 10 per share
Market Price on Rights Issue Approval INR 27.79 per share
Dilution Factor (X) 5
Fair Value After Dilution at Prevailing Price INR 13.56 per share

Rajath Finance Financial Performance

  FY 2022 FY 2023 FY 2024
Revenue 0.34 0.33 0.09
Expenses 0.01 0.34 1.51
Operating Margin (%) 97.06 (3.03) (1,577.78)
Net Income 0.24 (0.11) (1.25)
ROCE (%) 4.70 (1.39) (22.66)
Figures in INR Crores unless specified otherwise
All Standalone Data

Rajath Finance Rights Offer Objectives

The net proceeds from the offer are proposed to be used for


Rajath Finance Rights Offer Documents


Rajath Finance Rights Issue Dates

Rights Issue Approval Date 13 November 2024
Rights Issue Record Date Coming soon
Credit of Rights Entitlement Coming soon
Rights Issue Opening Date Coming soon
Last Date for Market Renunciation Coming soon
Rights Issue Closing Date Coming soon
Finalization of Basis of Allotment Coming soon
Rights Allotment Date Coming soon
Credit Date Coming soon
Listing Date Coming soon

Rajath Finance Rights Offer Lead Manager

Coming soon


Rajath Finance Rights Offer Registrar

Coming soon


RAJATH FINANCE LIMITED
1001, 10â„¢ Floor, K. P. Aurum, Marol Maroshi Road,
Andheri (E), Mumbai, 400059, Maharastra
Phone: 022 29200027
Email: 
[email protected]
Website:
www.fynxcapital.com


Rajath Finance Rights Offer FAQs

What is the Rajath Finance Rights Issue Price?

The issue price is INR 10 per share.

What is the Fynx Capital Rights Issue entitlement ratio?

The eligible shareholders are offered 4 Equity Shares for every 1 Equity Shares held on the record date.

What is the Rajath Finance Rights Issue Record Date?

The Record date is Coming soon.

How to Apply for Rajath Finance Rights Offer?

The best way to apply for Rajath 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.



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