Srestha Finvest Rights Issue is scheduled on 4 – 18 July 2024
Srestha Finvest operates in the lending business segment, aiming to provide specialized solutions to Indian corporates and individuals to help them develop their businesses. The company’s focus lies in structured credit products supported by strong cash flows to create a secure and high-quality wholesale lending portfolio. Within the wholesale lending business, it offers credit solutions for various needs such as project funding, mezzanine financing, acquisition financing, project financing, bridge financing, promoter funding, and working capital requirements.
In addition to catering to the financial needs of corporations and individuals, it is also engaged in investment and trading in stocks and shares. The company’s strategic initiatives include utilizing technology efficiently, expanding client relationships, leveraging the company’s expertise and networks, attracting and retaining skilled professionals, and investing in plant and machinery to support its growth.
Promoters of Srestha Finvest – Does Not have an Identifiable Promoter
Srestha Finvest Rights Issue Details
| Srestha Finvest Rights Issue Date | 4 – 18 July 2024 |
| Srestha Finvest Rights Issue Price | INR 2 per share |
| Issue Size (in Shares) | 24,00,00,000 shares |
| Issue Size (in INR) | INR 48.00 crore |
| Issue Entitlement | 12 equity shares for every 29 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Srestha Finvest Rights Issue Record Date | 21 June 2024 |
| Face Value | INR 2 per share |
| Listing On | BSE MSE |
Srestha Finvest Rights Issue Calculation
| Srestha Finvest Rights Issue Price | INR 2 per share |
| Market Price on Rights Issue Approval | INR 1.97 per share |
| Dilution Factor (X) | 1.41 |
| Fair Value After Dilution at Prevailing Price | INR 1.98 per share |
Srestha Finvest Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 2.30 | 2.75 | 12.75 |
| Expenses | 1.64 | 7.08 | 6.51 |
| Operating Margin (%) | 28.70 | (154.45) | 48.94 |
| Net Income | (0.04) | (4.97) | 1.74 |
| ROCE (%) | 1.84 | (7.45) | – |
Srestha Finvest Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To meet the Working Capital requirements of the company – INR 40 crore
- General corporate purposes – INR 7.80 crore
Srestha Finvest Rights Offer Documents
Srestha Finvest Rights Issue Dates
| Rights Issue Approval Date | 18 June 2024 |
| Rights Issue Record Date | 21 June 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 4 July 2024 |
| Last Date for Market Renunciation | 12 July 2024 |
| Rights Issue Closing Date | 18 July 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Srestha Finvest Rights Offer Registrar
PURVA SHAREGISTRY (INDIA) PVT. LTD LIMITED
PurvaSharegistry (India) Pvt. Ltd. Unit no. 9 Shiv Shakti Ind.
Estt.J .R. Borichamarg Lower Parel (E) Mumbai 400 011
Phone:Â +91 22 4961 4132 /91 22 3199 8810
Email: [email protected]
Website:Â www.purvashare.com
SRESTHA FINVEST LIMITED
Door No.19 & 20, General Muthiah Mudali Street, Sowcarpet,
Chennai, Tamil Nadu, 600003
Phone: +044 – 40057044
Email: [email protected]
Website: www.srestha.co.in
Srestha Finvest Rights Offer FAQs
What is the Srestha Finvest Rights Issue Price?
The issue price is INR 2 per share.
What is the Srestha Finvest Rights Issue entitlement ratio?
The eligible shareholders are offered 12 Equity Shares for every 29 Equity Shares held on the record date.
What is the Srestha Finvest Rights Issue Record Date?
The Record date is 21 June 2024.
How to Apply for Srestha Finvest Rights Offer?
The best way to apply for the Srestha Finvest 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.
