Aastamangalam Finance Rights Issue dates are 27 Dec 2024 – 3 Jan 2025.
Aastamangalam Finance, formerly known as Upasana Finance, is a non-banking financial company (NBFC) established in 1985. The company primarily provides financial services, including short-term and long-term financing solutions. Over the years, Aastamangalam Finance has expanded its operations and improved its market presence, focusing on lending and investment services. The firm has shown significant growth in profitability, with a net profit of INR 3.6 crore for the fiscal year 2024, marking an impressive year-on-year increase of approximately 148.41% compared to the previous year.
As of December 2024, Aastamangalam Finance’s Assets Under Management (AUM) stand at approximately INR 80.56 crore, reflecting a robust growth trajectory with a total asset increase of about 32.92% from the previous fiscal year.
Promoters of Aastamangalam Finance – Mrs Bhavika M Jain, Mrs Khushbu Mohan Kumar Jain, and Mrs Rekha M Jain
Table of Contents
Upaasana Finance Rights Issue Details
| Aastamangalam Finance Rights Issue Date | 27 Dec 2024 – 3 Jan 2025 |
| Upaasana Finance Rights Issue Price | INR 42.5 per share |
| Issue Size (in Shares) | 71,27,800 shares |
| Issue Size (in INR) | INR 30.29 crore |
| Issue Entitlement | 8 equity shares for every 10 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Aastamangalam Finance Rights Issue Record Date | 13 December 2024 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Upaasana Finance Rights Issue Calculation
| Upaasana Finance Rights Issue Price | INR 42.5 per share |
| Market Price on Rights Issue Approval | INR 50.6 per share |
| Dilution Factor (X) | 1.8 |
| Fair Value After Dilution at Prevailing Price | INR 47.0 per share |
Aastamangalam Finance Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 1.26 | 3.35 | 7.03 |
| Expenses | 0.99 | 0.25 | 0.56 |
| Operating Margin (%) | 21.43 | 92.54 | 92.03 |
| Net Income | 0.13 | 1.45 | 3.60 |
| ROCE (%) | 1.85 | 8.37 | 9.37 |
Aastamangalam Finance Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment the capital baseÂ
- General corporate purposesÂ
Aastamangalam Finance Rights Offer Documents
- Aastamangalam Finance Rights Issue Application Form
- Aastamangalam Finance Letter of Offer
- Board Meeting Outcome
- Aastamangalam Finance Draft Letter of Offer
- Rights Issue in 2024
Aastamangalam Finance Rights Issue Dates
| Rights Issue Approval Date | 9 December 2024 |
| Rights Issue Record Date | 13 December 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 27 December 2024 |
| Last Date for Market Renunciation | 31 December 2024 |
| Rights Issue Closing Date | 3 January 2024 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Aastamangalam Finance Rights Offer Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
Kences Towers, 2nd Floor, No.1, Ramakrishna Street,
North Usman Road, T.Nagar, Chennai – 600 017
Phone:Â +91 44 28140801-803
Email:Â [email protected]
Website:Â www.integratedindia.in
Aastamangalam Finance Contact Details
AASTAMANGALAM FINANCE LIMITED
No.51 Hunters Road, Choolai,
Chennai, Tamil Nadu, 600112
Phone:Â 044-28478605
Email:Â [email protected]
Website:Â www.uflindia.com
Aastamangalam Finance Rights Offer FAQs
What is the Upaasana Finance Rights Issue Price?
The issue price is INR 42.5 per share.
What is the Aastamangalam Finance Rights Issue entitlement ratio?
The eligible shareholders are offered 8 Equity Shares for every 10 Equity Shares held on the record date.
What is the Aastamangalam Finance Rights Issue Record Date?
The Record date is 13 December 2024.
How to Apply in Aastamangalam Finance Rights Offer?
The best way to apply in Aastamangalam 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.
