Dhanlaxmi Bank Rights Issue dates are 8 – 28 January 2025.
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 – Does Not have an Identifiable Promoter
Table of Contents
Dhanlaxmi Bank Rights Issue Details
| Dhanlaxmi Bank Rights Issue Date | 8 – 28 January 2025 |
| Dhanlaxmi Bank Rights Issue Price | INR 21 per share |
| Issue Size (in Shares) | 14,16,86,767 Shares |
| Issue Size (in INR) | INR 297.54 crore |
| Issue Entitlement | 14 equity shares for every 25 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Dhanlaxmi Bank Rights Issue Record Date | 27 December 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Dhanlaxmi Bank Rights Issue Calculation
| Dhanlaxmi Bank Rights Issue Price | INR 21 per share |
| Market Price on Rights Issue Approval | INR 40.33 per share |
| Dilution Factor (X) | 1.56 |
| Fair Value After Dilution at Prevailing Price | INR 33.39 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
- Rights Issue in 2024
Dhanlaxmi Bank Rights Issue Dates
| Rights Issue Approval Date | 19 December 2024 |
| Rights Issue Record Date | 27 December 2024 |
| Credit of Rights Entitlement | 7 January 2025 |
| Rights Issue Opening Date | 8 January 2025 |
| Last Date for Market Renunciation | 23 January 2025 |
| Rights Issue Closing Date | 28 January 2025 |
| Finalization of Basis of Allotment | 3 February 2025 |
| Rights Allotment Date | 4 February 2025 |
| Credit Date | 5 February 2025 |
| Listing Date | 10 February 2025 |
Dhanlaxmi Bank Rights Offer Lead Manager
BOB CAPITAL MARKETS LIMITED
1704, B Wing, 17th Floor Parinee Crescenzo
Plot No. C –38/39 G Block Bandra Kurla Complex
Bandra (East) Mumbai 400 051 Maharashtra, India
Phone: +91 22 6138 9353
E-mail: [email protected]
Website: www.bobcaps.in
Dhanlaxmi Bank Rights Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 1800 309 4001/ + 91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Dhanlaxmi Bank Contact Details
DHANLAXMI BANK LIMITED
Punkunnam, Thrissur, Kerala-680002
Phone:Â 0487-2999711
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 21 per share.
What is the Dhanlaxmi Bank Rights Issue entitlement ratio?
The eligible shareholders are offered 14 Equity Shares for every 25 Equity Shares held on the record date.
What is the Dhanlaxmi Bank Rights Issue Record Date?
The Record date is 27 December 2024.
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.
