Mega Corporation Rights Issue dates are 7 – 17 January 2025.
Mega Corporation, established in 1985, operates as a non-banking financial company (NBFC) in India, focusing on providing diverse financial solutions to urban and rural clients. The company is publicly traded and aims to create sustainable value for its stakeholders while adhering to principles of financial discipline and excellence. As of October 2024, Mega Corporation has reported a total income of INR 4.24 crore and a profit after tax (PAT) of INR 0.26 crore for the fiscal year ending March 2024, reflecting a revenue growth of approximately 33.90% compared to the previous year.
In terms of financial growth and margins, Mega Corporation has demonstrated significant performance improvements over recent years, with a notable increase in total assets reaching INR 56.95 crore as of March 2024, up from INR 40.65 crore the previous year. As for its operational scale, Mega Corporation has around 85 employees and is strategically positioned with multiple branches to cater to its diverse customer base across India.
Promoters of Mega Corporation – Mr. Kunal Lalani, Mr. Hulasmal Lalani, Ms. Vimi Lalani, Ms. Varsha Bengani, Mr. Mayank Lalaniand, and Ms. Seema Lalani
Table of Contents
Mega Corporation Rights Issue Details
| Mega Corporation Rights Issue Date | 7 – 17 January 2025 |
| Mega Corporation Rights Issue Price | INR 1 per share |
| Issue Size (in Shares) | 10,00,00,000 shares |
| Issue Size (in INR) | INR 10.0 crore |
| Issue Entitlement | 1 equity share for every 1 equity share held on record date |
| Terms of Payment | Fully payable at the time of application |
| Mega Corporation Rights Issue Record Date | 20 December 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Mega Corporation Rights Issue Calculation
| Mega Corporation Rights Issue Price | INR 1 per share |
| Market Price on Rights Issue Approval | INR 3.91 per share |
| Dilution Factor (X) | 2 |
| Fair Value After Dilution at Prevailing Price | INR 2.46 per share |
Mega Corporation Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 3.13 | 3.17 | 3.83 |
| Expenses | 0.65 | 0.89 | 0.95 |
| Operating Margin (%) | 79.23 | 71.92 | 75.20 |
| Net Income | 0.16 | 0.23 | 0.26 |
| ROCE (%) | 5.03 | 4.86 | 6.39 |
Mega Corporation Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment the capital base and provide for the fund requirements for increasing its operational scale for the NBFC activitiesÂ
- General corporate purposesÂ
Mega Corporation Rights Offer Documents
- Mega Corporation Rights Issue Application Form
- Mega Corporation Letter of Offer
- Board Meeting Outcome
- Mega Corporation Draft Letter of Offer
- Rights Issue in 2024
Mega Corporation Rights Issue Dates
| Rights Issue Approval Date | 10 December 2024 |
| Rights Issue Record Date | 20 December 2024 |
| Credit of Rights Entitlement | 27 December 2024 |
| Rights Issue Opening Date | 7 January 2025 |
| Last Date for Market Renunciation | 14 January 2025 |
| Rights Issue Closing Date | 17 January 2025 |
| Finalization of Basis of Allotment | 24 January 2025 |
| Rights Allotment Date | 25 January 2025 |
| Credit Date | 30 January 2025 |
| Listing Date | 28 January 2025 |
Mega Corporation Rights Offer Lead Manager
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91-8130678743
Email:Â [email protected]
Website:Â www.narnolia.com
Mega Corporation 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 +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Mega Corporation Contact Details
MEGA CORPORATION LIMITED
NSIC Complex, Maa Anand Mayee Marg,
Okhla Industrial Estate, Phase-III, New Delhi, – 110020
Phone:Â 011-46557134
Email:Â [email protected]; [email protected]
Website:Â www.megacorpltd.com
Mega Corporation Rights Offer FAQs
What is the Mega Corporation Rights Issue Price?
The issue price is INR 1 per share.
What is the Mega Corporation 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 Mega Corporation Rights Issue Record Date?
The Record date is 20 December 2024.
How to Apply in Mega Corporation Rights Offer?
The best way to apply in Mega Corporation 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.
