Avonmore Capital Rights Issue dates are 23 Dec 2024 – 6 Jan 2025.
Avonmore Capital & Management Services (ACMS) is a non-deposit-taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). Established in 1991-1992, the company operates in sub-broking and advisory services. ACMS holds a majority stake in various companies within the Almondz Group. The company’s primary income sources include interest from its lending business, dividends from its venture investments, and capital appreciation.
Avonmore Capital & Management Services (ACMS) is an AMFI-registered Mutual Fund distributor, actively distributing various financial products, including mutual funds, equity IPOs, and tax-saving schemes. The company’s business model focuses on two core activities in the financial market: investments in securities and loan disbursements. Its funding sources consist of both internal funds and borrowed capital.
The company’s subsidiary and step-down subsidiaries operate across various domains, including investment banking, management advisory services, stock broking, depository participant services, research analysis, merchant banking, wealth management, infrastructure consultancy, and green fuel manufacturing, among others.
Promoters of Avonmore Capital – Navjeet Singh Sobti, Gurpreet Sobti, Rakam Infrastructures Private Limited, and Innovative Money Matters Private Limited
Table of Contents
Avonmore Capital Rights Issue Details
| Avonmore Capital Rights Issue Date | 23 Dec 2024 – 6 Jan 2025 |
| Avonmore Capital Rights Issue Price | INR 10 per share |
| Issue Size (in Shares) | 4,86,56,708 shares |
| Issue Size (in INR) | INR 48.66 crore |
| Issue Entitlement | 5 equity shares for every 24 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Avonmore Capital Rights Issue Record Date | 12 December 2024 |
| Face Value | INR 1 per share |
| Listing On | NSE, BSE |
Avonmore Capital Rights Issue Calculation
| Avonmore Capital Rights Issue Price | INR 10 per share |
| Market Price on Rights Issue Approval | INR 17.83 per share |
| Dilution Factor (X) | 1.21 |
| Fair Value After Dilution at Prevailing Price | INR 16.48 per share |
Avonmore Capital Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 84.0 | 212.0 | 124.0 |
| Expenses | 62.0 | 70.0 | 106.0 |
| Operating Margin (%) | 26.0 | 67.0 | 14.0 |
| Net Income | 40.45 | 121.86 | 20.07 |
| ROCE (%) | 18.0 | 45.0 | 6.0 |
Avonmore Capital Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To invest in its subsidiary
- To meet Issue related expenses
- General corporate purposesÂ
Avonmore Capital Rights Offer Documents
- Avonmore Capital Rights Issue Application Form
- Avonmore Capital Letter of Offer
- Board Meeting Outcome
- Avonmore Capital Draft Letter of Offer
- Rights Issue in 2024
Avonmore Capital Rights Issue Dates
| Rights Issue Approval Date | 6 December 2024 |
| Rights Issue Record Date | 12 December 2024 |
| Credit of Rights Entitlement | 19 December 2024 |
| Rights Issue Opening Date | 23 December 2024 |
| Last Date for Market Renunciation | 30 December 2024 |
| Rights Issue Closing Date | 6 January 2025 |
| Finalization of Basis of Allotment | 10 January 2025 |
| Rights Allotment Date | 13 January 2025 |
| Credit Date | 15 January 2025 |
| Listing Date | 17 January 2025 |
Avonmore Capital Rights Offer Registrar
BEETAL FINANCIAL & COMPUTER SERVICES (P) LIMITED
3rd Floor, Beetal House, 99,
behind Local Shopping Centre, Madangir
Village, Madangir, New Delhi, Delhi 110062
Phone: 011 – 29961281 / 29961282
E-mail:Â [email protected]
Website:Â www.beetalfinancial.com
Avonmore Capital Contact Details
AVONMORE CAPITAL & MANAGEMENT SERVICES LIMITED
F-33/3 Okhla Industrial Area,
Phase-II, New Delhi-110020, India
Phone:Â +91-11-43500700
Email:Â [email protected]
Website:Â www.avonmorecapital.in
Avonmore Capital Rights Offer FAQs
What is the Avonmore Capital Rights Issue Price?
The issue price is INR 10 per share.
What is the Avonmore Capital Rights Issue entitlement ratio?
The eligible shareholders are offered 5 Equity Shares for every 24 Equity Shares held on the record date.
What is the Avonmore Capital Rights Issue Record Date?
The Record date is 12 December 2024.
How to Apply in Avonmore Capital Rights Offer?
The best way to apply in Avonmore Capital 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.
