Dhanlaxmi Bank Rights Issue dates are not finalized.
Established in 1927, Dhanlaxmi Bank has a rich history as one of India’s private sector banks. The Bank offers a wide range of banking services including retail banking, corporate banking, treasury operations, and other financial services. As of March 2024, the bank operates through 560 customer touchpoints, which include 261 branches and 282 ATMs across India.
The bank’s business has shown growth, with total business reaching INR 24,687 crore in FY 2023-24, marking a 6.39% increase from the previous year. The bank’s interest income rose to INR 1,206.99 crore (12.67% growth), while non-interest income saw a remarkable increase of 104.75%, reaching INR 152.56 crore. The gross non-performing assets (NPA) ratio improved to 4.05%, down from 5.19% the previous year.
As a small-sized private sector bank with a market capitalization of approximately INR 826 crore, Dhanlaxmi Bank continues to face challenges such as low dividend payouts and modest sales growth of 4.44% over the past five years. However, its strategic focus on innovation and customer relationships aims to strengthen its market position in the competitive banking landscape.
Promoters of Dhanlaxmi Bank –
Table of Contents
Dhanlaxmi Bank Rights Issue Details
| Dhanlaxmi Bank Rights Issue Date | Coming soon |
| Dhanlaxmi Bank Rights Issue Price | Coming soon |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | INR 300 crore |
| Issue Entitlement | equity shares for every equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Dhanlaxmi Bank Rights Issue Record Date | Coming soon |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Dhanlaxmi Bank Rights Issue Calculation
| Dhanlaxmi Bank Rights Issue Price | INR per share |
| Market Price on Rights Issue Approval | INR per share |
| Dilution Factor (X) | |
| Fair Value After Dilution at Prevailing Price | INR per share |
Dhanlaxmi Bank Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 916.64 | 1,071.0 | 1,206.99 |
| Expenses | 476.0 | 498.0 | 515.0 |
| Operating Margin (%) | 14.65 | – | 5.74 |
| Net Income | 35.90 | 49.36 | 57.82 |
Dhanlaxmi Bank Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- General corporate purposesÂ
Dhanlaxmi Bank Rights Offer Documents
- Dhanlaxmi Bank Rights Issue Application Form
- Dhanlaxmi Bank Letter of Offer
- Board Meeting Outcome
- Dhanlaxmi Bank Draft Letter of Offer
- Rights Issue in 2024
Dhanlaxmi Bank Rights Issue Dates
| Rights Issue Approval Date | 22 October 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 |
Dhanlaxmi Bank Rights Offer Lead Manager
Coming soon
Dhanlaxmi Bank Rights Offer Registrar
Coming soon
Dhanlaxmi Bank Contact Details
DHANLAXMI BANK LIMITED
Punkunnam, Thrissur, Kerala-680002
Phone:Â 0487 7107100, 2226100
Email:Â [email protected]
Website:Â www.dhanbank.com
Dhanlaxmi Bank Rights Offer FAQs
What is the Dhanlaxmi Bank Rights Issue Price?
The issue price is INR per share.
What is the Dhanlaxmi Bank Rights Issue entitlement ratio?
The eligible shareholders are offered Equity Shares for every Equity Shares held on the record date.
What is the Dhanlaxmi Bank Rights Issue Record Date?
The Record date is Coming soon.
How to Apply in Dhanlaxmi Bank Rights Offer?
The best way to apply in the Dhanlaxmi Bank 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.
