PMC Fincorp Rights Issue is scheduled on 7 – 19 November 2024
PMC Fincorp has been listed on the Bombay Stock Exchange since 2012 and operates as a non-banking financial company (NBFC) in India. The company specializes in providing a variety of financial solutions, including working capital loans, business loans, and loans against securities, catering primarily to small and medium enterprises (SMEs) and larger corporations. With a focus on enhancing access to finance for businesses that struggle to secure traditional bank loans. The company also engages in investing in both listed and unlisted securities, contributing to its revenue streams. As an RBI-registered entity, PMC Fincorp is committed to promoting financial inclusion and supporting the “Make in India” initiative by offering customized financing options tailored to the unique needs of its clientele.
Promoters of PMC Fincorp – Mr. Raj Kumar Modi, Ms. Rekha Modi, Mr. Prabhat Modi, and M/S. Raj Kumar Modi HUF
Table of Contents
PMC Fincorp Rights Issue Details
| PMC Fincorp Rights Issue Date | 7 – 19 November 2024 |
| PMC Fincorp Rights Issue Price | INR 2.75 per share |
| Issue Size (in Shares) | 17,80,20,400 shares |
| Issue Size (in INR) | INR 48.96 crore |
| Issue Entitlement | 1 equity shares for every 3 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| PMC Fincorp Rights Issue Record Date | 25 October 2024 |
| Face Value | INR 1 per share |
| Listing On | BSE |
PMC Fincorp Rights Issue Calculation
| PMC Fincorp Rights Issue Price | INR 2.75 per share |
| Market Price on Rights Issue Approval | INR 5.28 per share |
| Dilution Factor (X) | 1.33 |
| Fair Value After Dilution at Prevailing Price | INR 4.65 per share |
PMC Fincorp Financial Performance
| FY 2023 | FY 2024 | Q1 FY 2024 | |
| Revenue | 8.48 | 11.50 | 8.05 |
| Expenses | 14.86 | 3.07 | 0.71 |
| Operating Margin (%) | (56) | 91 | 93.42 |
| Net Income | (6.36) | (11.35) | 5.86 |
| ROCE (%) | (4.00) | (12.00) | – |
PMC Fincorp Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- To augment capital base and provide for fund requirements for increasing operational scale with respect to NBFC activities – INR 47.66 crore
- General corporate purposes – INR 1.00 crore
PMC Fincorp Rights Offer Documents
- PMC Fincorp Rights Issue Application Form
- PMC Fincorp Draft Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
PMC Fincorp Rights Issue Dates
| Rights Issue Approval Date | 21 October 2024 |
| Rights Issue Record Date | 25 October 2024 |
| Credit of Rights Entitlement | 31 October 2024 |
| Rights Issue Opening Date | 7 November 2024 |
| Last Date for Market Renunciation | 12 November 2024 |
| Rights Issue Closing Date | 19 November 2024 |
| Finalization of Basis of Allotment | 25 November 2024 |
| Rights Allotment Date | 25 November 2024 |
| Credit Date | 29 November 2024 |
| Listing Date | 2 December 2024 |
PMC Fincorp Rights Offer Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: [email protected]
Website: www.skylinerta.com
PMC Fincorp Issue Contact Details
PMC FINCORP LIMITED
B-10, VIP Colony, Civil Lines, Rampur,
Uttar Pradesh – 244901, India
Phone: 011-47631025/26/27
Email: [email protected]
Website: www.pmcfincorp.com
PMC Fincorp Rights Offer FAQs
What is the PMC Fincorp Rights Issue Price?
The issue price is INR 2.75 per share.
What is the PMC Fincorp Rights Issue entitlement ratio?
The eligible shareholders are offered 1 Equity Shares for every 3 Equity Shares held on the record date.
What is the PMC Fincorp Rights Issue Record Date?
The Record date is 21 March 2024.
How to Apply in PMC Fincorp Rights Offer?
The best way to apply in PMC Fincorp 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.
