Luharuka Media and Infra Rights Issue is scheduled on 14 – 28 Aug 2024
Luharuka Media & Infra Limited (LMIL) is a Non-Banking Financial Company (NBFC) that primarily focuses on providing inter-corporate loans, personal loans, loans against shares & securities, loans against properties, mortgage loans, auto/home loans, trade financing, bills discounting, and trading in shares & securities. The company positions itself between the organized banking sector and local money lenders, offering customers competitive, flexible, and timely lending services.
Moreover, LMIL engages in trade financing and bill discounting to help businesses manage their cash flow and operational expenses. The company also trades in shares and securities, providing clients with opportunities to invest in the capital markets.
Promoters of Luharuka Media and Infra – Anil Agrawal HUF, Comfort Intech Limited, and Comfort Fincap Limited
Table of Contents
Luharuka Media and Infra Rights Issue Details
| Luharuka Media and Infra Rights Issue Date | 14 – 28 August 2024 |
| Luharuka Media and Infra Rights Issue Price | INR 3 per share |
| Issue Size (in Shares) | 9,37,20,000 shares |
| Issue Size (in INR) | INR 28.12 crore |
| Issue Entitlement | 1 equity shares for every 1 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Luharuka Media and Infra Rights Issue Record Date | 2 August 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Luharuka Media and Infra Rights Issue Calculation
| Luharuka Media and Infra Rights Issue Price | INR 3 per share |
| Market Price on Rights Issue Approval | INR 6.60 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 4.80 per share |
Luharuka Media and Infra Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 1.68 | 1.93 | 1.63 |
| Expenses | 0.74 | 0.65 | 0.75 |
| Operating Margin (%) | 55.95 | 66.32 | 53.99 |
| Net Income | 0.57 | 0.67 | 0.61 |
| ROCE (%) | 5.31 | 7.24 | 5.84 |
Luharuka Media and Infra Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment the capital base of the company – INR 25 crore
- General corporate purposes – INR 2.86 crore
Luharuka Media and Infra Rights Offer Documents
- Luharuka Media and Infra Rights Issue Application Form
- Luharuka Media and Infra Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Luharuka Media and Infra Rights Issue Dates
| Rights Issue Approval Date | 29 July 2024 |
| Rights Issue Record Date | 2 August 2024 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 14 August 2024 |
| Last Date for Market Renunciation | 22 August 2024 |
| Rights Issue Closing Date | 28 August 2024 |
| Finalization of Basis of Allotment | 2 September 2024 |
| Rights Allotment Date | 3 September 2024 |
| Credit Date | 5 September 2024 |
| Listing Date | 6 September 2024 |
Luharuka Media and Infra Rights Offer Led Manager
COMFORT SECURITIES LIMITED
A-301 Wing, Hetal Arch, Malad West,
Mumbai – 400064, Maharashtra, India
Phone: +91 22 6894 8500
E-mail:Â [email protected]
Website:Â www.comfortsecurities.co.in
Luharuka Media and Infra Rights Offer Registrar
ADROIT CORPORATE SERVICES PVT. LTD
B 18-20, 1st floor, Plot No 639, Makwana Road,
Marol, Andheri (E), Mumbai – 400 059. Maharashtra
Phone: +91 22 42270400
E-mail:Â [email protected]
Website:Â www.adroitcorporate.com
Luharuka Media and Infra Issue Contact Details
LUHARUKA MEDIA & INFRA LIMITED
A-301, Hetal Arch, Opp. Natraj Market,
S. V. Road, Malad (West), Mumbai – 400 064
Phone: +91 022 6894 8508/9
E-mail:Â [email protected]
Website:Â www.luharukamediainfra.com
Luharuka Media and Infra Rights Offer FAQs
What is the Luharuka Media and Infra Rights Issue Price?
The issue price is INR 3 per share.
What is the Luharuka Media and Infra Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 1 Equity Shares held on the record date.
What is the Luharuka Media and Infra Rights Issue Record Date?
The Record date is 2 August 2024.
How to Apply for the Luharuka Media and Infra Rights Offer?
The best way to apply for the Luharuka Media and Infra 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.
