Last updated on October 1, 2024
Geojit Financial Services Rights Issue is scheduled on 15 – 23 October 2024
Geojit offers various services, including advisory, financial product distribution, and equity and commodity trading. Their wide-ranging financial products and services cover stock and currency derivatives, portfolio management, mutual fund and insurance distribution, online financial planning, and commodity derivatives. With a vast network of 497 offices across India and six international offices through joint ventures, Geojit is also a SEBI-registered investment advisor, providing its clients personalized advice and customized financial solutions.
Geojit Financial Services has established itself as a major player in the Indian capital market, managing assets under custody and management worth INR 1,03,350 crore as of 30 June 2024. The company offers multi-channel customer support, including offline branches, centralized dealing desks, online web support, and mobile applications. As of 30 June 2024, Geojit serves a client base of over 14.12 lakh customers.
Promoters of Geojit Financial Services – Chenayappillil John George, Kerala State Industrial Development Corporation, and BNP Paribas SA
Table of Contents
Geojit Financial Services Rights Issue Details
| Geojit Financial Services Rights Issue Date | 15 – 23 October 2024 |
| Geojit Financial Services Rights Issue Price | INR 50 per share |
| Issue Size (in Shares) | Coming soon |
| Issue Size (in INR) | INR 200 crore |
| Issue Entitlement | 1 equity shares for every 6 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Geojit Financial Services Rights Issue Record Date | 7 October 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE, NSE |
Geojit Financial Services Rights Issue Calculation
| Geojit Financial Services Rights Issue Price | INR 50 per share |
| Market Price on Rights Issue Approval | INR 152.70 per share |
| Dilution Factor (X) | 1.17 |
| Fair Value After Dilution at Prevailing Price | INR 138.03 per share |
Geojit Financial Services Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 500.0 | 447.0 | 623.0 |
| Expenses | 269.0 | 292.0 | 386.0 |
| OPM (%) | 46.0 | 35.0 | 38.0 |
| Net income | 151.0 | 96.0 | 149.0 |
| ROCE (%) | 27.0 | 14.0 | 19.0 |
Geojit Financial Services Rights Offer Objectives
The net proceeds from the offer are proposed to be used for the following objective
- Prepayment or repayment of all, or a portion of, certain outstanding borrowings availed by the company
- General Corporate Purposes
Geojit Financial Services Rights Offer Documents
- Geojit Financial Services Rights Issue Application Form
- Geojit Financial Services Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Geojit Financial Services Rights Issue Dates
| Rights Issue Approval Date | 19 September 2024 |
| Rights Issue Record Date | 7 October 2024 |
| Credit of Rights Entitlement | 14 October 2024 |
| Rights Issue Opening Date | 15 October 2024 |
| Last Date for Market Renunciation | 17 October 2024 |
| Rights Issue Closing Date | 23 October 2024 |
| Finalization of Basis of Allotment | 4 November 2024 |
| Rights Allotment Date | 5 November 2024 |
| Credit Date | 8 November 2024 |
| Listing Date | 11 November 2024 |
Geojit Financial Services Rights Offer Lead Manager
DAM CAPITAL ADVISORS LIMITED
One BKC, Tower C, 15th Floor, Unit No.1511,
Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone:Â +912242022500
Email:Â [email protected]
Website:Â www.damcapital.in
Geojit Financial Services Rights Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 8114949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Geojit Financial Services Issue Contact Details
GEOJIT FINANCIAL SERVICES LIMITED
11th Floor, 34/659-P Civil Line Road,
Padivattom, Kochi, Kerala, India, 682024
Phone:Â +914842901000
E-mail: [email protected]
Website:Â www.geojit.com
Geojit Financial Services Rights Offer FAQs
What is the Geojit Financial Services Rights Issue Price?
The issue price is INR 50 per share.
What is the Geojit Financial Services Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 6 Equity Shares held on the record date.
What is the Geojit Financial Services Rights Issue Record Date?
The Record date is 7 October 2024.
How to Apply in Geojit Financial Services Rights Offer?
The best way to apply in the Geojit Financial Services 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.
