Ganesh Holdings Rights Issue dates 18 – 27 Feb 2025.
Incorporated in 1982, Ganesh Holdings operates as a non-banking financial company (NBFC) in India. The company primarily focuses on investment activities, including dealing in shares, stocks, debentures, bonds, and other securities. Additionally, it provides financing to industrial enterprises and individuals for investments in various assets such as lands, buildings, factories, and commercial agriculture. As a non-systematically important entity, it does not accept public deposits but grants loans and invests in mutual funds.
Financially, Ganesh Holdings has faced challenges over the years. The company has reported a poor sales growth rate of -2.64% over the past five years and a low return on equity (ROE) of -2.25% during the same period. As of 30 September 2024, the company has 5 full-time employees.
Promoters of Ganesh Holdings – Smt. Lalitha Ranka
Table of Contents
Ganesh Holdings Rights Issue Details
| Ganesh Holdings Rights Issue Date | 18 – 27 February 2025 |
| Ganesh Holdings Rights Issue Price | INR 100 per share |
| Issue Size (in Shares) | 4,86,000 share |
| Issue Size (in INR) | INR 4.86 crore |
| Issue Entitlement | 6 equity shares for every 5 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Ganesh Holdings Rights Issue Record Date | 5 February 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Ganesh Holdings Rights Issue Calculation
| Ganesh Holdings Rights Issue Price | INR 100 per share |
| Market Price on Rights Issue Approval | INR 150.95 per share |
| Dilution Factor (X) | 2.2 |
| Fair Value After Dilution at Prevailing Price | INR 123.16 per share |
Ganesh Holdings Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 0.02 | 0.20 | 0.14 |
| Expenses | 0.15 | 0.16 | 0.19 |
| Operating Margin (%) | (0.13) | 0.04 | (0.05) |
| Net Income | (0.13) | 0.03 | (0.04) |
| ROCE (%) | (6.05) | 1.94 | (2.48) |
Ganesh Holdings Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment the capital base
- To meet issue-related expenses
Ganesh Holdings Rights Offer Documents
- Ganesh Holdings Rights Issue Application Form
- Ganesh Holdings Letter of Offer
- Board Meeting Outcome
- Ganesh Holdings Draft Letter of Offer
- Rights Issue in 2024
Ganesh Holdings Rights Issue Dates
| Rights Issue Approval Date | 30 January 2025 |
| Rights Issue Record Date | 5 February 2025 |
| Credit of Rights Entitlement | 17 February 2025 |
| Rights Issue Opening Date | 18 February 2025 |
| Last Date for Market Renunciation | 21 February 2025 |
| Rights Issue Closing Date | 27 February 2025 |
| Finalization of Basis of Allotment | 4 March 2025 |
| Rights Allotment Date | 5 March 2025 |
| Credit Date | 10 March 2025 |
| Listing Date | 12 March 2025 |
Ganesh Holdings Rights Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: 022 – 49186270
Email: ganeshholdings.rightsissue@linkintime.co.in
Website: www.linkintime.co.in
Ganesh Holdings Contact Details
GANESH HOLDINGS LIMITED
Center Plaza, Office No. 607, Daftary Road,
Shivaji Chowk, Malad-East, Mumbai, Maharashtra – 400 097
Phone: 022-28809065
Email: ganeshholding@gmail.com
Website: www.ganeshholdings.com
Ganesh Holdings Rights Offer FAQs
What is the Ganesh Holdings Rights Issue Price?
The issue price is INR 100 per share.
What is the Ganesh Holdings Rights Issue entitlement ratio?
The eligible shareholders are offered 6 Equity Shares for every 5 Equity Shares held on the record date.
What is the Ganesh Holdings Rights Issue Record Date?
The Record date is 5 February 2025.
How to Apply in Ganesh Holdings Rights Offer?
The best way to apply in Ganesh Holdings 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.